# 489 Fifth Avenue, Manhattan

Commercial · built 1971 · Block 1276, Lot 4.

On Umarelli: https://umarelli.org/nyc/1012760004/489-fifth-avenue

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

## Building permits

- Alteration, filed May 13, 2025, described as “IRA to assist with Condition Assessment.”
- Alteration, filed Nov 11, 2024, estimated cost $54K, described as “Modify the existing sprinkler system to suit the new architectural layout.”
- Alteration, filed Jul 8, 2024, estimated cost $460K, described as “Removal and installation of interior partitions, flooring, ceilings and storefront. No change in use, sgress or occupancy.”
- Alteration, filed Jul 8, 2024, estimated cost $3K, described as “Installation of temporary construction fence.”
- Alteration, filed Jul 8, 2024, estimated cost $100K, described as “Modification to existing HVAC system.”
- Alteration, filed Jul 8, 2024, estimated cost $46K, described as “Modification and installation of plumbing fixtures.”
- Alteration, filed Jun 13, 2024, estimated cost $32K, described as “The scope of work for this project is a interior demolition on cellar, ground floor, and mezzanine. There is no change in use occupancy or egress.”
- Alteration, filed Jun 6, 2024, described as “Facade restoration, inspections”
- Alteration, filed Jul 11, 2023, estimated cost $65K, described as “Modification to existing sprinkler system as per plans.”
- Alteration, filed Jan 3, 2023, estimated cost $3.8M, described as “Replacement of front facade as shown on drawings submitted.”
- Alteration, filed Jan 3, 2023, estimated cost $100K, described as “Inspection and repair of facade where required in order to maintain building.”
- Alteration, filed Dec 14, 2022, described as “Installation of heavy duty sidewalk shed. no change in use, occupancy or egress. work shall comply with chapter 33 of nycc.”
- Alteration, filed Dec 28, 2021, estimated cost $87K, described as “Installation and relocation of Sprinkler heads and piping, as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Dec 23, 2020, estimated cost $28K, described as “Plumbing work as per plans filed herewith”
- Alteration, filed Nov 11, 2020, estimated cost $30K, described as “Installation of mechanical equipment as per plans filed herewith. No change to use, egress or occupancy.”

## Property taxes

- Assessment: $31,769,100
- 2026–27 tax: $3,446,312
- Market value (city estimate): $70,598,000
- Taxable value: $31,769,100
- Assessed land: $3,820,500
- Assessed improvements: $27,948,600

## Zoning

C5-3: floor area ratio 20.61 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.

## In the news

[489 Fifth Avenue’s Façade Replacement Progresses in Midtown, Manhattan](https://newyorkyimby.com/2024/02/489-fifth-avenues-facade-replacement-progresses-in-midtown-manhattan.html), New York YIMBY, Feb 26, 2024.

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