# 350 Park Avenue, Manhattan Commercial · built 1961 · Block 1287, Lot 33. On Umarelli: https://umarelli.org/nyc/1012870033/340-park-avenue More construction in Midtown: https://umarelli.org/nyc/manhattan/midtown.md ## Building permits - New Building — High-Rise, filed Nov 6, 2025, 62 stories, described as “Construction of new 62-story commercial high rise building.” - Alteration, filed Feb 13, 2026, estimated cost $1.0M, described as “Preparation Work for Full Building Demolition - Interior Demolition” - Demolition, filed Oct 9, 2025, estimated cost $25.0M, described as “Full Demolition of 31 Story Commercial Building” - Alteration, filed Mar 28, 2025, estimated cost $145K, described as “Interior demolition of non load bearing partitions and minor construction on the 1st floor (Old Valley National/Old AT&T space) as indicated on drawings. No change in occupancy, use or egress.” - Alteration, filed Mar 28, 2025, estimated cost $5K, described as “Plumbing work on the 1st floor (Old Valley National/Old AT&T space) as indicated on drawings.” - Alteration, filed Jun 4, 2024, estimated cost $20K, described as “Sprinkler work on the 15TH floor as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Jun 4, 2024, estimated cost $55K, described as “Plumbing work on the 15TH floor as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed May 31, 2024, estimated cost $160K, described as “Mechanical work on the 15TH floor as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed May 30, 2024, estimated cost $85K, described as “Plumbing work on the 14TH floor as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed May 28, 2024, estimated cost $25K, described as “Sprinkler work on the 14TH floor as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed May 28, 2024, estimated cost $2.5M, described as “General construction on the 15TH fl as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Mar 22, 2024, estimated cost $163K, described as “Construction work on the 1st floor to repair granite columns as indicated on drawings.” - Alteration, filed Oct 12, 2023, estimated cost $1.5M, described as “Plumbing work on the 5TH, 6TH and 9TH floors as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Oct 12, 2023, estimated cost $1.5M, described as “Sprinkler work on the 5TH, 6TH and 9TH floors as plans filed herewith. No change in use, egress, or occupancy” - Alteration, filed Oct 11, 2023, estimated cost $2.0M, described as “Mechanical work on the 5TH, 6TH and 9TH floors as plans filed herewith. No change in use, egress, or occupancy” - Alteration, filed Oct 10, 2023, estimated cost $8.0M, described as “General construction on the 5TH, 6TH and 9TH floors as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Sep 14, 2023, estimated cost $650K, described as “General construction on the 5TH, 6TH and 9TH floors as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Sep 14, 2023, estimated cost $75K, described as “Plumbing work on the 5TH, 6TH, and 9TH floors as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Sep 14, 2023, estimated cost $100K, described as “Mechanical work on the 5TH, 6TH and 9TH floors as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Sep 14, 2023, estimated cost $75K, described as “Sprinkler work on the 5TH, 6TH and 9TH floors as plans filed herewith. No change in use, egress or occupancy.” - Alteration, filed Mar 24, 2023, estimated cost $24K, described as “Standpipe work on the 7TH floor as plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Feb 16, 2023, estimated cost $150K, described as “Plumbing modifications taking place on the 7TH, 8TH floors as per plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Jan 4, 2023, estimated cost $6.5M, described as “General construction modifications taking place on the 7TH, 8TH and 12TH floors as per plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Jan 3, 2023, estimated cost $350K, described as “Mechanical modifications taking place on the 7TH, 8TH, and 12TH floors as per plans filed herewith. No change in use, egress, or occupancy.” - Alteration, filed Jan 3, 2023, estimated cost $100K, described as “Sprinkler modifications taking place on the 7TH, 8TH and 12TH floors as per plans filed herewith. No change in use, egress, or occupancy.” 43 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1012870033/340-park-avenue. ## Property taxes - Assessment: $146,038,500 - 2026–27 tax: $15,842,256 - Market value (city estimate): $324,530,000 - Taxable value: $146,038,500 - Assessed land: $22,095,000 - Assessed improvements: $123,943,500 ## Zoning C5-3 (part of the lot is C5-2.5): floor area ratio 19.23 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit. ## Recent sales - Feb 28, 2020: $33,072,265, 536,992 sq ft ($62 per sq ft) Open-market sales since 2016, from the Department of Finance’s sales files. ## Flood zone Current FEMA flood map: zone X, minimal flood hazard. ## Board and land use applications - 350 Park Avenue (City Planning 2024M0321): Special permit, Certification, Completed, filed Feb 5, 2025, decided Sep 25, 2025. ZR 81-643(a) and (b) certifications to reconstruct non-complying floor area, two ZR 81-642 certifications to transfer development rights from landmarks to qualifying sites, a ZR 81-645 special permit for a public concourse bonus, and a ZR… - 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… ## In the news [350 Park Avenue’s Developers Close on Agreement, Loan for 1,400-Foot Supertall in Midtown East, Manhattan](https://newyorkyimby.com/2026/10/350-park-avenues-developers-close-on-agreement-loan-for-1400-foot-supertall-in-midtown-east-manhattan.html), New York YIMBY, Oct 23, 2026. 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