724 5th Avenue, Manhattan
Condominium · built c. 1921 · Block 1272, Lot 7502.
Building permits
- Alteration, filed May 22, 2025, estimated cost $55K, described as “Sprinkler modifications as per plans filed herewith. No change to use, egress. or occupancy.”
- Alteration, filed May 19, 2025, estimated cost $200K, described as “Interior renovations and modifications to the 1st floor as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed May 16, 2025, estimated cost $45K, described as “Structural modifications as per plans filed herewith. No change to use, egress, or occupancy.”
- Alteration, filed Apr 28, 2025, estimated cost $51K, described as “Minor alterations related to mechanical work include partial demolition of existing false ceilings, new false ceilings. New mechanical distribution in cellar. Placement of new mechanical units on 2nd fl balcony.”
- Alteration, filed Apr 2, 2025, described as “Installation of temporary custom color sidewalk shed as per plan. No change in use, egress, or the sidewalk shed is front of the building at 5 avenue elevation.”
- Alteration, filed Mar 3, 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 c @fifth avenue "prada"”
- Alteration, filed Apr 25, 2022, estimated cost $59K, described as “General construction and mechanical work at retail store indicated on drawings filed herewith No change in Use Egress or Occupancy under this application.”
- Alteration, filed Jul 1, 2021, estimated cost $149K, described as “Facade restoration including lintel replacement, brick replacement, stone patching as per plans submitted herewith. No change in use, occupancy or egress.”
Property taxes
- Assessment
- $57,874,950
- 2026–27 tax
- $5,986,511
- Market value (city estimate)
- $128,611,000
- Taxable value
- $55,185,390
- Assessed land
- $16,200,000
- Assessed improvements
- $41,674,950
- Condo units with their own tax lots
- 3
Zoning
C5-3: floor area ratio 10.90 built, 15.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Dec 19, 2023: $425,000,000, Unit A, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.