# 720 5th Avenue, Manhattan

Commercial · built 1954 · Block 1272, Lot 34.

On Umarelli: https://umarelli.org/nyc/1012720034/720-5-avenue

More construction in Midtown West: https://umarelli.org/nyc/manhattan/midtown-west.md

Every lot on block 1272: https://umarelli.org/nyc/manhattan/1272.md

## Building permits

- Alteration, filed Apr 2, 2025, described as “Installation of temporary custom color sidewalk shed as per plan. No change in use, egress, or occupancy.the custom color sidewalk shed at west 56TH street and 5TH avenue elevations.”
- Alteration, filed Feb 27, 2025, estimated cost $1K, described as “Installation of plywood enclosure as per plans. No change in egress, use, or occupancy.”
- Alteration, filed Feb 25, 2025, estimated cost $4K, described as “Install a non-illuminated wall sign b @fifth avenue "prada"”
- Alteration, filed Feb 25, 2025, estimated cost $4K, described as “Install a non-illuminated wall sign a @west 56 street "prada"”
- Alteration, filed Dec 17, 2024, estimated cost $7K, described as “Relocated/extended Siamese connections for standpipe as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Sep 18, 2024, estimated cost $150K, described as “Structural support & modifications on level 1 through 3 as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Sep 17, 2024, estimated cost $450K, described as “Exterior renovation including new stucco cladding, new storefront infills at the first floor, new signage and new structure as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Sep 16, 2024, estimated cost $40K, described as “Installation of temp loop as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Aug 22, 2024, estimated cost $250K, described as “New opening through cmu demising wall at the ground floor level. Existing steel stair reinforcement for removal of angle diagonal bracing between stringers from the ground floor up as per plans filed herewith. No change to use, egress or…”
- Alteration, filed Aug 22, 2024, estimated cost $70K, described as “Plumbing and sprinkler modifications as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Aug 21, 2024, estimated cost $190K, described as “Modifications to existing HVAC and ductwork as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed Aug 20, 2024, estimated cost $1.9M, described as “Demolition and interior renovations / modifications as per plans filed herewith. No change to use, egress or occupancy”
- Alteration, filed Aug 12, 2024, estimated cost $1K, described as “Installation of plywood enclosure as per plans. No change in egress, use or occupancy.”
- Alteration, filed Jul 12, 2024, estimated cost $150K, described as “Interior demolition as per plans filed herewith. No change in egress, use or occupancy.”
- No Work, filed Jan 26, 2024, described as “Event and product launch in multiple floors in the vacant retail space, for the brand Chanel. With dining and entertainment. The total occupancy in all floors combined is for 400 persons.”
- Alteration, filed Jan 23, 2024, estimated cost $5K, described as “Temporary structures for an event for Chanel. Removed at the end of the programing. No changes to existing structures, use or egress”
- Alteration, filed Aug 19, 2020, estimated cost $1K, described as “Installation of temporary (78'-144')high pipe scaffold at various levels for facade repair work as per plan. No change in use egress or occupancy,pipe scaffold shall comply with CHAPTER#33 of 2014 the ny building code.”
- Alteration, filed Aug 12, 2020, estimated cost $27K, described as “Provide new sprinkler piping & heads for first floor lobby / storage area from existing floor control valve assembly.approximately 1,300 sq ft total.no change to use, egress or occupancy under this application”
- Alteration, filed Nov 8, 2019, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Apr 18, 2019, estimated cost $7K, described as “Pipe scaffold”
- Alteration, filed Mar 30, 2019, estimated cost $1K, described as “Installation of temporary 84' high pipe scaffold originating (off shed)for existing building remedial work as per plan. No change in use egress or occupancy,pipe scaffold shall comply with CHAPTER#33 of 2014 the ny building code.heavy duty…”
- Alteration, filed Nov 9, 2018, estimated cost $8K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.sidewalk shed shall comply with chapter #33 of the NYC building code.live load 300PSF.”

## Property taxes

- Assessment: $55,614,600
- 2026–27 tax: $5,726,469
- Market value (city estimate): $123,588,000
- Taxable value: $52,788,250
- Assessed land: $5,080,500
- Assessed improvements: $50,534,100

## Zoning

C5-3: floor area ratio 15.00 built, 15.00 allowed by base zoning.

## Recent sales

- Dec 19, 2023: $397,395,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology