# 501 5th Avenue, Manhattan

Commercial · built c. 1917 · Block 1276, Lot 69.

On Umarelli: https://umarelli.org/nyc/1012760069/501-5-avenue

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

Every lot on block 1276: https://umarelli.org/nyc/manhattan/1276.md

## Building permits

- Alteration, filed Feb 12, 2026, estimated cost $85K, described as “Relocated and added sprinkler heads to modified tenant office space.”
- Alteration, filed Feb 12, 2026, estimated cost $37K, described as “Install new plumbing fixtures and associated piping for renovated floor within tenant commercial building.”
- Alteration, filed Feb 11, 2026, estimated cost $125K, described as “Installation of air-cooled split systems (18 tons total) with four condensers on the roof connecting to six air handlers. Ductwork / air distribution modifications. 2 new radiators, control valve modifications. Fresh air fan and ductwork,…”
- Alteration, filed Feb 10, 2026, estimated cost $601K, described as “The proposed tenant improvement work is within a fully-demised / fire-rated office tenant space located on the 22ND floor. New interior partitions, ceilings, flooring, millwork and finishes. No change of use,egress or occupancy.”
- Alteration, filed Oct 30, 2025, estimated cost $110K, described as “Hereby filing for the partial 19TH floor interior alterations. Construction of commercial offices. No change to use, occupancy or egress.”
- Alteration, filed May 30, 2025, estimated cost $796K, described as “Fisp repairs including stone and brick repairs. Miscellaneous faade repairs. No change in use, egress or occupancy.”
- Alteration, filed Nov 14, 2023, estimated cost $84K, described as “Perform minor interior partition demolition & construction in conjunction with the interior renovation of two existing bathrooms. work included revision to existing layout for ADA compliance with minor enlargement of one of the bathrooms.”
- Alteration, filed Oct 10, 2023
- Alteration, filed Oct 27, 2020, estimated cost $4K, described as “Provide all appliance, transportation, material, services and equipment necessary to furnish and install all plumbing work as indicated on the drawings and as specified.”
- Alteration, filed Sep 13, 2018, estimated cost $650, described as “Erect non illuminated non advertising sign on wall. No change of use, egress or occupancy.”

## Property taxes

- Assessment: $18,798,300
- 2026–27 tax: $1,935,436
- Market value (city estimate): $41,774,000
- Taxable value: $17,841,410
- Assessed land: $6,165,000
- Assessed improvements: $12,633,300

## Zoning

C5-3: floor area ratio 18.15 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

- CIPRIANI 42ND ST GARAGE (City Planning P2000M0167): Completed, decided May 15, 2002. 00DCP035M: SPECIAL PERMIT TO OPERATE A 77 SPACE GARAGE ACCESSORY TO THE EXISTING CIPRIANI'S CATERING FACILITY LOCATED IN A BELOW GR OUND (BASEMENT) SPACE BENEATH THE EXISTING CATERING FACILITY

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