485 5th Avenue, Manhattan
Hotel · built c. 1914 · Block 1276, Lot 1.
Building permits
- Alteration, filed Sep 17, 2026, described as “Proposed installation of suspended scaffold for existing building as per plans. No change in use occupancy or egress under this application.”
- Alteration, filed Jun 4, 2026, estimated cost $50K, described as “Replacement of existing rooftop unit with new”
- Alteration, filed Apr 7, 2025, estimated cost $10K, described as “Herewith filing to provide new dedicated 2 control valve with supervisory switch, waterflow detector and test and drain assembly and piping on the existing sprinkler branch feed to this project space as per the drawings. No change in use,…”
- Alteration, filed Sep 24, 2024, described as “Cellular equipment inspection via industrial rope access”
- Alteration, filed Jun 17, 2024, estimated cost $3K, described as “Installation of a construction fence as per plans in conjunction with general construction. No change in use, egress or occupancy. Fence to comply with 2022 NYC building code, chapter 33”
- Alteration, filed Apr 22, 2024, estimated cost $6K, described as “Erect accessory business sign for jolibee, no change in use, egress or occupancy.”
- Alteration, filed Apr 22, 2024, estimated cost $5K, described as “Erect accessory business sign for jollibee, no change in use, egress or occupancy.”
- Alteration, filed Feb 27, 2024, estimated cost $5K, described as “Installation of pylwood fence as per plans. Plywood fence shall comply with chapter #33 of the 2022 code no change in use, egress or occupancy under this application.”
- Alteration, filed Apr 5, 2023, estimated cost $100K, described as “Inside vault repair at cellar level as shown in drawing. No change to use, egress or occupancy”
- Alteration, filed Mar 6, 2023, estimated cost $832K, described as “Filing for General Construction as per plans submitted. No change in egress, use, or occupancy.”
- Alteration, filed Feb 2, 2023, estimated cost $200K, described as “Herewith filing for removal of pluming fixtures in the existing tenant office space which includes two water closets and a pantry and renovating space to a restaurant including two bar areas, a main dining area,,2WC,,com. & prep Kitchen as…”
- Alteration, filed Jan 31, 2023, estimated cost $25K, described as “Herewith filing for modification of existing sprinkler system as per the drawings. No change in use, egress or occupancy.”
- Alteration, filed Jan 26, 2023, estimated cost $31K, described as “Modification of an existing Verizon site on the roof. Install 6 RRH units, and 2 new microwave dishes. Replace 11 antennas and replace 10 RRH units.”
- Alteration, filed Dec 21, 2022, estimated cost $250K, described as “Herewith filing for new exhaust fans and associated duct and pipng work for restaurant fit out as per the drawings. No change in use, egress or occupancy.”
- Alteration, filed Dec 14, 2022, estimated cost $600K, described as “Herewith filing for interior renovation of existing office to restaurant on the 1st floor as per the plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 27, 2022, estimated cost $15K, described as “Herewith filing for interior demo of non load bearing partitions, mill work, cabinets bathroom and some HVAC ductwork as per the drawings. No change in use, egress or occupancy.”
- Alteration, filed Aug 8, 2022, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Apr 11, 2022, estimated cost $18K, described as “Facade repairs to comply with LL11/98.no change in use, egress or occupancy.”
- Alteration, filed Feb 17, 2022, estimated cost $60K, described as “Filing for interior demolition of non-bearing partitions as per plans submitted. No change in egress, use, or occupancy.”
- Alteration, filed Aug 26, 2021, estimated cost $2K, described as “Erect accessory business wall sign for starbucks, no change in use, egress or occupancy.”
- Alteration, filed Jun 28, 2021, estimated cost $50K, described as “1st floor , New toilet exhaust as per plans No Change to Use, Egress or Occupancy.”
- Alteration, filed Jun 28, 2021, estimated cost $100K, described as “1st Floor - new partition work to enlarge 1st floor bathroom in existing commercial”
- Alteration, filed Jun 28, 2021, estimated cost $20K, described as “1st floor installation of new plumbing fixtures and related piping as per plans.”
- Alteration, filed Apr 5, 2021, estimated cost $360K, described as “Filing for build-out of Starbucks space and related interior and exterior general and structural construction. Removal & Installation of non-load bearing partitions, doors, and lighting.”
- Alteration, filed Apr 1, 2021, estimated cost $63K, described as “Installation of HVAC unit capable of heating and cooling. (heating via electric heat & hot water---cooling w/ chilled water). New supply ductwork distribution to be installed, new toilet exhaust fan for restroom to be connected into…”
3 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $34,973,100
- 2026–27 tax
- $3,348,992
- Market value (city estimate)
- $77,718,000
- Taxable value
- $30,871,980
- Assessed land
- $6,705,000
- Assessed improvements
- $28,268,100
Zoning
C5-3 (part of the lot is C5-2.5): floor area ratio 10.85 built, 15.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jun 24, 2016: $215,200,000
Open-market sales since 2016, from the Department of Finance’s sales files.
Board and land use applications
- Greater East Midtown - Special Subdistrict (City Planning P2016M0316): Completed, decided Aug 15, 2017. This is an application by NYC Department of City Planning requesting a text amendment to establish the East Midtown Subdistrict and extend the Special Midtown District, and to rezone a half-block area from C5-2 to C5-3 to reinforce the…