# 505 5th Avenue, Manhattan

Commercial · built 2004 · Block 1277, Lot 2.

On Umarelli: https://umarelli.org/nyc/1012770002/505-5-avenue

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

Every lot on block 1277: https://umarelli.org/nyc/manhattan/1277.md

## Building permits

- Alteration, filed Oct 2, 2026, estimated cost $550K, described as “Removal and installation of walls, doors floor finishes and ceiling as shown on drawings. No change to use, egress or occupancy.”
- Alteration, filed Aug 14, 2026, estimated cost $304K, described as “Interior demo of partitions, ceilings and doors as shown on plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 13, 2026, estimated cost $10K, described as “Removal of existing sprinkler system in tenant space and installation of new temporary sprinkler loop”
- Alteration, filed Jun 4, 2026, estimated cost $351K, described as “Removal of interior finishes. Construction of new partitions, doors, ceilings, and finishes as shown on drawings. No change to use, egress or occupancy..”
- Alteration, filed Oct 1, 2025, estimated cost $87K, described as “Installation of sprinkler fixtures along with related piping.”
- Alteration, filed Oct 1, 2025, estimated cost $13K, described as “Installation of plumbing fixtures along with related piping.”
- Alteration, filed Oct 1, 2025, estimated cost $366K, described as “Installation of mechanical system along with related duct work.”
- Alteration, filed Sep 30, 2025, estimated cost $366K, described as “Removal of partitions, construction of new partitions, finishes, and fixtures.”
- Alteration, filed Dec 13, 2024, estimated cost $145K, described as “Demolition of interior partitions & ceiling”
- Alteration, filed Oct 17, 2024, described as “Installation of material hoist (counterweighted system).”
- Alteration, filed Oct 9, 2024, estimated cost $380K, described as “Installation of interior partitions, ceilings, and doors.”
- Alteration, filed Oct 8, 2024, estimated cost $91K, described as “Installation of sprinkler fixtures along with related piping.”
- Alteration, filed Oct 8, 2024, estimated cost $9K, described as “Installation of plumbing fixtures along with related piping.”
- Alteration, filed Oct 8, 2024, estimated cost $50K, described as “Installation of mechanical system and associated duct work.”
- Alteration, filed Jun 13, 2024, estimated cost $49K, described as “Installation of mechanical system along with related duct work.”
- Alteration, filed Jun 13, 2024, estimated cost $7K, described as “Installation of sprinkler fixtures along with related piping.”
- Alteration, filed Jun 13, 2024, estimated cost $15K, described as “Installation of plumbing fixtures along with related piping.”
- Alteration, filed Jun 12, 2024, estimated cost $430K, described as “Installation and removal of interior partitions, ceilings, and doors.”
- Alteration, filed May 22, 2024, estimated cost $600K, described as “Removal and installing interior fixtures, Flooring, interior podiums/walls. Exterior Radiators grilles to be painted. REMOVE EXISTING FITTING ROOM INTERIOR PANELS, FIXTURING, DOORS & FRAMES. Patching and Repairing existing walls.…”
- Alteration, filed Apr 1, 2024, estimated cost $6K, described as “Installation and removal of sprinkler fixtures along with related piping.”
- Alteration, filed Apr 1, 2024, estimated cost $103K, described as “Installation and removing duct work.”
- Alteration, filed Apr 1, 2024, estimated cost $403K, described as “Removal of partitions, construction of new partitions, finishes and fixtures.”
- Alteration, filed Nov 22, 2023, estimated cost $3K, described as “Installation of plumbing fixtures along with related piping.”
- Alteration, filed Nov 21, 2023, estimated cost $668K, described as “Installation of interior partitions, ceiling, and doors.”
- Alteration, filed Nov 21, 2023, estimated cost $84K, described as “Installation of sprinkler fixtures along with related piping.”

40 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1012770002/505-5-avenue.

## Property taxes

- Assessment: $60,202,350
- 2026–27 tax: $6,057,353
- Market value (city estimate): $133,783,000
- Taxable value: $55,838,430
- Assessed land: $7,149,150
- Assessed improvements: $53,053,200

## Zoning

C5-3: floor area ratio 18.80 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.

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