# 120 Park Avenue, Manhattan

Commercial · built 1981 · Block 1276, Lot 33.

On Umarelli: https://umarelli.org/nyc/1012760033/120-park-avenue

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

## Building permits

- Alteration, filed Sep 30, 2026, estimated cost $1K, described as “Installation of temporary work platform as per plan. No change in use, egress or occupancy.”
- Alteration, filed Aug 24, 2026, estimated cost $1.2M, described as “Lobby renovation as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Jul 9, 2026, estimated cost $1K, described as “Temporary system scaffold as per drawings. System scaffold shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Jan 16, 2026, estimated cost $4.1M, described as “Construction modifications taking place on the 7th floor as indicated on the drawings.”
- Alteration, filed Nov 21, 2025, estimated cost $430K, described as “Lower Level C (Sub-Cellar #2 per CO) Renovation. No change in use, egress or occupancy.”
- Alteration, filed Oct 23, 2025, estimated cost $70K, described as “Modification to existing HVAC system as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Oct 23, 2025, estimated cost $725K, described as “INTERIOR DEMOLITION AND RENOVATING/REPLACING IN KIND CORE RESTROOM WORK as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Oct 23, 2025, estimated cost $165K, described as “Modification to existing plumbing fixtures and sprinkler system as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Feb 12, 2025, estimated cost $40K, described as “At 26TH floor tenant space, removal of interior partitions and removal/relocation of existing glass doorsas per plans filed herewith. No change to occupancy or means of egress.”
- Alteration, filed Dec 27, 2024, estimated cost $211K, described as “Addition of single-use restroom on the 13th Floor. No change in use, egress or occupancy.”
- Alteration, filed Nov 12, 2024, estimated cost $102K, described as “Addition of non-load bearing partitions in existing office space. No change of use, egress or occupancy.”
- Alteration, filed Sep 4, 2024, estimated cost $1K, described as “Installation and use of mini crane as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed May 28, 2024, estimated cost $10K, described as “Temporary construction equipment use for partial demolition of 26 story building, as per plans filed herewith.”
- Alteration, filed Mar 7, 2024, estimated cost $100K, described as “Removal of window units and exterior facade modifications for install of new windows and terraces.”
- Alteration, filed Jan 31, 2024, estimated cost $16K, described as “Modification to HVAC system as per plans filed herewith. No change in use, egress or occupancy under this application.”
- Alteration, filed Jan 31, 2024, estimated cost $45K, described as “Modification to plumbing as per plans filed herewith. no change in use, egress or occupancy under this application.”
- Alteration, filed Jan 19, 2024, estimated cost $5K, described as “Construction fence as per drawings. Construction fence shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Jan 4, 2024, described as “Installation of temporary suspended scaffold for facade inspections and repairs”
- Alteration, filed Jan 3, 2024, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Jan 2, 2024, estimated cost $479K, described as “Stone Repair, Guardrail Repair/Modification, Preformed Joint Seal Replacement, Joint Seal Replacement. No Change in use, egress or occupancy”
- Alteration, filed Dec 18, 2023, estimated cost $1K, described as “Installation of supported scaffolding in accordance with nycc 2022 chapter 33 building code. No change in egress, use, or occupancy.”
- Alteration, filed Nov 2, 2023, estimated cost $1K, described as “Installation of sidewalk shed for pedestrian safety during construction. Sidewalk shed shall comply with nycc 2022 chapter 33 . No change in egress, use, or occupancy.”
- Alteration, filed May 1, 2023, estimated cost $45K, described as “Installation of new non-bearing partitions to the enclosed existing convenience stair.”
- Alteration, filed Apr 4, 2023, described as “Installation of temporary heavy duty sidewalk shed per plan submitted. Work shall comply with BC2022 Chapter 33. No change in use, egress and/or occupancy with this filing.”
- Alteration, filed Apr 3, 2023, estimated cost $3.4M, described as “Remove windows on 5& 6, prepare rough opening and install new windows. Partial removal of slab on 5, 6 & 7 & installation of new slab. Installation of storefront & finishes for double height terrace at 5& 6. Slab infill at 6 & 7.…”

8 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1012760033/120-park-avenue.

## Property taxes

- Assessment: $112,613,400
- 2026–27 tax: $12,216,302
- Market value (city estimate): $250,252,000
- Taxable value: $112,613,400
- Assessed land: $14,355,000
- Assessed improvements: $98,258,400

## Zoning

C5-3: floor area ratio 28.93 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.

## 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…
- PHILIP MORRIS BLDG (City Planning P1985M0509): Completed, decided Apr 20, 1988. 85-018M: CHANGE IN SIZE & PUBLIC AMENITIES PROVISIONS OF COVERED PLAZAS.
- PHILIP MORRIS BLDG (City Planning P1984M0098): Completed, decided Mar 16, 1984. MODIF TO ZSM FOR SIGNAGE & CHAIRS & TABLES (POPS)

## In the news

[120 Park Avenue Modernization Begins in Midtown, Manhattan](https://newyorkyimby.com/2024/01/120-park-avenue-modernization-begins-in-midtown-manhattan.html), New York YIMBY, Jan 28, 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