737 5th Avenue, Manhattan
Commercial · built c. 1931 · Block 1293, Lot 1.
Building permits
- Alteration, filed Sep 24, 2026, estimated cost $1.6M, described as “Office renovation work to include partitions, door, ceilling,millwork, finishes modications to floors 1, mez, 2, 3 & 4 as indicated on plans. No change in use, egress or occupancy.”
- Alteration, filed May 27, 2026, estimated cost $120K, described as “Demo and removal of existing partitions, door, ceilling,millwork, finishes etc of existing tenant spaces as indicated on plans. No change in use, egress or occupancy.”
- Alteration, filed May 1, 2026, estimated cost $144K, described as “Demo and removal of existing non load bearing partitions, millwork, finishes as indicated on plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 21, 2024, estimated cost $25K, described as “Temporary roof protection at adjoining property (3 east 57 st) during bldg alteration, filed sep. Temporary roof protection shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Aug 7, 2024, estimated cost $200K, 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 Jul 19, 2024, estimated cost $150K, described as “Heavy duty urban sidewalk shed as per drawings. Urban sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Jul 8, 2024, estimated cost $20K, 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.”
- Demolition, filed Jun 6, 2024, estimated cost $13.0M, described as “Full demolition of 20-story building as per plans filed herewith.”
- Alteration, filed Nov 4, 2022, estimated cost $15K, described as “Interior renovation work to include removal of existing and construction of new partitions, doors, ceiling, fixtures and related construction as shown on plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Nov 2, 2022, estimated cost $10K, described as “Mechanical work in business space as shown on plans filed herewith. No change in use, egress or occupancy under this application”
- Alteration, filed Sep 27, 2021, estimated cost $25K, described as “Mechanical modifications on floors 008,009,010 as indicated on plans filed herewith”
- Alteration, filed Sep 27, 2021, estimated cost $700K, described as “Interior build-out including general construction work - restack on floors 008-010. No change in use, egress or occupancy.”
- Alteration, filed Sep 27, 2021, estimated cost $22K, described as “Modifications of existing sprinkler system - sp heads on floors 008,009,010 as per plans filed herewith.”
- Alteration, filed Jun 20, 2019, estimated cost $5K, described as “Erect, maintain & dismantle of scaffold & stair tower for facade repairs as per drawings attached herewith”
- Alteration, filed Jun 18, 2019, estimated cost $1K, described as “Installation of sidewalk shed in accordance with nycc 2014 chapter 33. No change in egress, use, or occupancy.”
Property taxes
- Assessment
- $23,501,700
- 2026–27 tax
- $2,536,919
- Market value (city estimate)
- $52,226,000
- Taxable value
- $23,386,050
- Assessed land
- $8,685,000
- Assessed improvements
- $14,816,700
Zoning
C5-3: floor area ratio 14.63 built, 15.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Board and land use applications
- LVMH - 1 East 57th Street (City Planning 2025M0115): Authorization, Filed, filed Sep 10, 2025. A private applicant, One East 57th Street, LLC, is seeking a transit improvement bonus authorization (ZR 66-511) and a transit improvement height, setback, and pedestrian circulation space authorization (ZR 66-521) to facilitate the…
In the news
Demolition Underway for Louis Vuitton’s New Flagship Tower at 1 East 57th Street in Midtown, Manhattan, New York YIMBY, Dec 1, 2025.