700 5th Avenue, Manhattan
Hotel · built c. 1905 · Block 1270, Lot 38.
Building permits
- Alteration, filed Jun 10, 2026, estimated cost $461K, described as “Wempe - new interior walls (demolition and construction), ceilings & finishes; new millwork and related construction as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 17, 2026, estimated cost $197K, described as “Modification of an existing sprinkler system. No change to use, egress or occupancy.”
- Alteration, filed Dec 19, 2025, estimated cost $527K, described as “Limited Structural Repair program to include work at Sidewalk, Cellar & Subcellar Vault spaces. No change to use, egress or occupancy.”
- Alteration, filed Jun 17, 2024, estimated cost $1K, described as “Installation of 148 lf heavy duty sidewalk shed as per plans. No change in egress, use, or occupancy.”
- Alteration, filed Jan 4, 2024, estimated cost $93K, described as “Plumbing and sprinkler modifications filed herewith for lobby renovations as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed Dec 29, 2023, estimated cost $64K, described as “Plumbing and sprinkler modifications filed herewith for roof interior bar refurbishment as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed Dec 29, 2023, estimated cost $330K, described as “Mechanical modifications filed herewith for roof interior bar refurbishment as per plans filed herewith. No change to use, egress, or occupancy.”
- No Work, filed Nov 9, 2022, described as “Outdoor seasonal dining”
- Alteration, filed Nov 7, 2022, estimated cost $5K, described as “Temporary roof structure as shown on drawings. No change to use, egress or occupancy.”
- Alteration, filed Nov 4, 2022, estimated cost $26K, described as “Installation and removal of temporary roof structure as shown on drawings. No change to use, egress or occupancy”
- Alteration, filed Feb 11, 2022, estimated cost $11K, described as “Sprinkler changes on the cellar and 1st floor as indicated on drawings.”
- Alteration, filed Feb 11, 2022, estimated cost $27K, described as “Mechanical changes in the cellar and 1st floor as indicated on drawings.”
- No Work, filed Jan 12, 2022, described as “Outdoor seasonal dining”
- Alteration, filed Nov 15, 2021, estimated cost $60K, described as “Interior improvement of tenant space to include minor demolition, new interior wall modifications, new finishes and new display fixtures. No change to Use, Occupancy, Egress, Structure, Signage or Zoning.”
- Alteration, filed Oct 28, 2021, estimated cost $1.0M, described as “Filing to repair, replace, scrape, patch facade surfaces as per plans. No change in use, egress, or occupancy under this application.”
- No Work, filed Oct 8, 2021, described as “Outdoor seasonal dining”
- No Work, filed Sep 24, 2021, described as “Outdoor seasonal dining”
- Alteration, filed Aug 13, 2021, estimated cost $20K, described as “Installation of temporary roof stucture as shown on drawings. No change to use, egress or occupancy.”
- Alteration, filed Aug 11, 2021, estimated cost $5K, described as “Temporary roof structure as shown on drawings. No change to use, egress or occupancy.”
- Alteration, filed Jan 12, 2021, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33 NYC building code. No change in egress, use, or occupancy.”
- Alteration, filed Dec 3, 2020, estimated cost $5K, described as “Temporary roof structure as per plans filed.”
- Alteration, filed Feb 27, 2018, estimated cost $2K, described as “Proposed installation of scaffold frames to support suspended scaffolding systems. There shall be no change in use, occupancy, or egress to the building.”
Property taxes
- Assessment
- $79,402,050
- 2026–27 tax
- $8,113,919
- Market value (city estimate)
- $176,449,000
- Taxable value
- $74,796,450
- Assessed land
- $12,555,000
- Assessed improvements
- $66,847,050
Zoning
C5-3: floor area ratio 20.11 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Landmarks
Part of Gotham Hotel (Individual Landmark). 50 Landmarks Preservation Commission permits are on file.
Board and land use applications
- THE PENINSULA NEW YORK (City Planning P1990M0839): Completed. 90-203M: BSA VARIANCE FOR SPEC PERM (ZR73-36) FOR CHANGE OF USE EXIST HEALTH SPA IN LUXURY HOTEL FROM TENANT ACCESSORY RECREATION FAC TO COMM'RL PHYSICAL CULTURE ESTABLISH W/APPROX 19,000SF
- GOTHAM HOTEL/PENINSULA HOTEL (City Planning P1989M0880): Completed, decided Aug 17, 1989. LANDMARK-CITY COLLEGE OF NY, REMSEN CEMETERY,TROTTING*COURSE LA; Additional LPC #(s): 151
- 700 5TH AVE & 2 W55TH ST (City Planning P1984M0016): Completed, decided Feb 17, 1988. CONSENT-CONST, MAINTAIN & USE 36 LOGOS IN THE SIDEWALK*38