575 5th Avenue, Manhattan
Condominium · built 1962 · Block 1282, Lot 7501.
Building permits
- Alteration, filed Oct 22, 2026, estimated cost $770K, described as “Installation of Partitions, Doors, Suspended Ceiling, Millwork, Store Fixtures, Floor & Wall Finishes to Renovate Existing Retail Store Space on Part of the Cellar & 1st Floor Including New Access Stair. No Change to Occupancy, Use or…”
- Alteration, filed Jul 27, 2026, estimated cost $200K, described as “Interior alterations of existing commercial space to include non-load bearing demo, partition and finishes work. No change to use, occupancy or egress”
- Alteration, filed Jun 3, 2026, estimated cost $20K, described as “Interior alterations to include non-load bearing demolition. No change to use, occupancy or egress”
- Alteration, filed May 28, 2026, estimated cost $128K, described as “Interior alterations of existing 11TH floor commercial office space to include non-load bearing demo, partition and finishes work. No change to use, occupancy or egress”
- Alteration, filed Feb 26, 2026, estimated cost $116K, described as “Minor interior demolition. Installation of new interior partitions, doors, suspended ceilings, flooring and finishes on the Cellar & Ground Floors as per plans (CBRE Retail Space.) No change to use, egress or occupancy.”
- Alteration, filed Feb 24, 2026, estimated cost $56K, described as “Structural Modifications associated with escalator demo/rebuild, slab infill and new stair opening, new footings, new partial deck on the Cellar & 1st Floor as per plans (Retail Space.) No change to use, egress or occupancy.”
- Alteration, filed Feb 23, 2026, estimated cost $12K, described as “Modifications to the existing Sprinkler System: Installation of (10) new sprinkler heads on the Cellar and (22) heads on the 1st Floor and associated piping as per plans (Retail Space.) No change to use, egress or occupancy.”
- Alteration, filed Feb 23, 2026, estimated cost $36K, described as “Install new plumbing fixtures: (1) WC, (1) Lavatory, (3) HWHs, (2) sinks, (3) Funnel drains, (1) drinking fountain, (1) ejector pump and associated CW/sanitary piping on the Cellar Level as per plans (Retail) No change to use, egress or…”
- Alteration, filed Feb 23, 2026, estimated cost $296K, described as “Modifications to the existing HVAC System; Installation of new supplemental unit and ductwork on the Cellar & 1st Floor as per plans (Retail Space - Renovations.) No change to use, egress or occupancy.”
- Alteration, filed Mar 5, 2025, estimated cost $22K, described as “Modifications to the existing Sprinkler System: Install (11) new heads on the 13th (CO)/18th (Mktg) and Relocate (10) existing heads and Install (2) new on the 14th (CO)/ 19th Floor (Mktg) and associated sprinkler piping as per plans…”
- Alteration, filed Mar 5, 2025, estimated cost $25K, described as “Modifications to the existing HVAC System: Relocate and redistribute ductwork on the 13-14th Floors (CO)/ 18-19th Floors (Mktg) as per plans (18th: Demo/ 19th: NE Suite Modification.) No change to use, egress or occupancy.”
- Alteration, filed Mar 4, 2025, estimated cost $270K, described as “Minor interior demolition. Installation of new partitions, doors, suspended ceilings, flooring and finishes on the 13-14th Flr (CO)/ 18-19th Flr (Mktg) as per plans (18th Flr Demo/ 19th Flr NE Suite Modification.) No change to use, egress…”
- Alteration, filed Sep 23, 2024, estimated cost $40K, described as “Hereby filing for the removal, installation and relocation of sprinkler heads. No change to use occupancy or egress.”
- Alteration, filed Aug 29, 2024, estimated cost $95K, described as “Installation of new partitions, doors, suspended ceilings, flooring and finishes on the 17th Flr (CO)/ 22nd Flr (Mktg) as per plans (Lime Rock Renovation.) No change to use, egress or occupancy.”
- Alteration, filed Aug 5, 2024, described as “Installation of temporary plywood fence as per plan. No change in use, egress, or occupancy.”
- Alteration, filed Jul 3, 2024, estimated cost $1.5M, described as “Application filed for interior/exterior renovation of non-load bearing partitions, ceilings, and finishes on the 1ST, 2ND, & 3RD floor (lacoste) as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Jul 2, 2024, estimated cost $502K, described as “Installation of new partitions, doors, suspended ceilings, flooring and finishes on the 16th Floor (CO)/ 21st Floor (Mktg) as per plans (Beacon Capital.) No change to use, egress or occupancy.”
- Alteration, filed Jul 2, 2024, estimated cost $9K, described as “Modifications to the existing HVAC System: Install new volume dampers and associated controls on the 30th Floor (CO)/ 35th Floor (Mktg) as per plans (Russell Investments.) No change to use, egress or occupancy.”
- Alteration, filed Jul 2, 2024, estimated cost $23K, described as “Relocate (1) sink, (1) refrigerator, (1) DW, (1) CM; Install new: (1) sink, (1) HWH, (1) ejector pump, (2) FDs, (1) domestic HW circulation pump associated CW/sanitary piping on the 22nd Floor (CO)/ 27th Floor (Mktg) as per plans (Onemain…”
- Alteration, filed Jul 2, 2024, estimated cost $56K, described as “Modifications to the existing Sprinkler System: Install (153) new sprinkler heads on the 16th Floor (CO)/ 21st Floor (Mktg) as per plans (Beacon Capital.) No change to use, egress or occupancy.”
- Alteration, filed Jul 2, 2024, estimated cost $72K, described as “Minor interior demolition. Installation of new partitions, doors, suspended ceilings, flooring and finishes on the 30th Flr (CO)/ 35th Flr (Mktg) as per plans (Russell Investments.) No change to use, egress or occupancy.”
- Alteration, filed Jul 2, 2024, estimated cost $50K, described as “Removal of waste and vent piping and Install new fixtures: (3) dishwashers, (4) sinks, (4) funnel drains, (4) ejector pumps, (4) HWH and associated CW/sanitary piping 16th Floor (CO)/ 21st Floor (Mktg) as per plans (Beacon Capital.)”
- Alteration, filed Jul 2, 2024, estimated cost $327K, described as “Modifications to the existing HVAC System: Install condenser water pump with leak detector, new water cooled ac unit and associated controls and piping on the 16th Floor (CO)/ 21st Floor (Mktg) as per plans (Beacon Capital.)”
- Alteration, filed Jul 2, 2024, estimated cost $12K, described as “Install new plumbing fixtures: (1) pantry sink, (1) funnel drain, (1) dishwasher, (1) HWH, (1) ejector pump and associated CW/sanitary piping on the 30th Floor (CO)/ 35th Floor (Mktg) as per plans (Russell Investments.)”
- Alteration, filed Jul 2, 2024, estimated cost $11K, described as “Modifications to the existing Sprinkler System: Relocate (38) heads, Remove (11) existing heads, Install (3) new heads and associated piping on the 22nd Floor (CO)/ 27th Floor (Mktg) as per plans (Onemain Financial) No change to use,…”
112 more, older permits are in this building’s full list on the map.
Property taxes
- Assessment
- $93,381,300
- 2026–27 tax
- $9,977,670
- Market value (city estimate)
- $207,514,000
- Taxable value
- $91,977,044
- Assessed land
- $22,951,350
- Assessed improvements
- $70,429,950
- Condo units with their own tax lots
- 4
Zoning
C5-3 (part of the lot is C5-2.5): floor area ratio 20.50 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.
Recent sales
- Apr 16, 2026: $316,000,000, Unit A
- Apr 16, 2026: $62,000,000, Unit B, sold with other lots
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…
- 575 5TH AVE (City Planning P2007M0321): Completed, decided Nov 15, 2007. First modification to the redesign of the bonused covered pedestrian space within the Midtown District and 5th Avenue Subdistrict (POPS).
- 575 5TH AVE (City Planning P1983M0448): Completed, decided Jan 18, 1984. SPEC PERM(ZR81-232)FOR CONFIGURATION CHANGE & SIZE*REDUCTION IN PEDESTRIAN SPACE SPEC 5TH AVE SUBDIST OF*MIDTOWN DIST (POPS)
- 575 FIFTH AVE (City Planning P1983M0446): Completed, decided Mar 21, 1983. MODIF TO PREV APPROVED COVERED PEDESTRIAN SPACE FOR*CONFIGURATION CHANGE & SIZE REDUCTION (ZR81-232).(POPS)
- KORVETTES SITE (City Planning P1981M0910): Completed, decided Nov 30, 1981. AUTH(ZR87-101)(D) TO MODIFY HGTS & SETBACK FOR A 35-STY OFF*BLDG RECVNG INCR LOT COVERAGE TO ZR87-091 IN SPEC 5TH AV*DIS (POPS)