# 470 Park Avenue, Manhattan

Co-op · 56 units · built c. 1916 · Block 1293, Lot 37.

On Umarelli: https://umarelli.org/nyc/1012930037/470-park-avenue

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

## Building permits

- Alteration, filed Feb 23, 2026, estimated cost $40K, described as “Replacement in kind of four (4) existing condensers and six (6) existing evaporators, all located within penthouse a. No change to use, egress, or occupancy.”
- Alteration, filed Jul 15, 2025, estimated cost $125K, described as “Interior renovation to apartment 4A on the 4TH floor. General construction work, as per plans. No change in use, egress, or occupancy under this application.”
- Alteration, filed May 29, 2025, estimated cost $323K, described as “Proposed alteration to the existing apartment #9C to include new bathrooms, kitchen, plumbing, mechanical and electrical work. No change to use, occupancy or egress under this application.”
- Alteration, filed Nov 4, 2024, estimated cost $30K, described as “Modification to existing mechanical system, including installation of HVAC units and accessories as indicated on plans submitted herewith. There is no change in us, egress or occupancy.”
- Alteration, filed Jun 25, 2024, estimated cost $248K, described as “At apartment #ph-a interior renovation, including removal and installation of interior non-bearing partitions, cabinets, flooring and finishes, relocate ac units only as indicated on plans submitted herewith. There is no change in use,…”
- Alteration, filed Jun 25, 2024, estimated cost $46K, described as “Proposed removal, installation and relocation of plumbing fixtures and related piping as per plans submitted herewith. There is no change in use, egress or occupancy.”
- Alteration, filed Oct 13, 2023, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 13, 2023, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Sep 12, 2023, estimated cost $314K, described as “Exterior restoration to include brick replacement, mortar joint repointing, stone repairs, stone replacement, fire escape repairs, steel scraping and repainting as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Jan 20, 2023, estimated cost $30K, described as “Existing vault door and frame. Installing top and bottom steel plates. Install new steel tubing/ new vault door and frame”
- Alteration, filed Jan 20, 2023, estimated cost $10K, described as “New vault door and frame.”
- Alteration, filed Sep 9, 2022, described as “Installation of heavy duty sidewalk shed. no change in use, occupancy or egress. work shall comply with chapter 33 of nycc.”
- Alteration, filed Nov 2, 2021, estimated cost $50K, described as “New installation of mechanical system. No change in use, egress or occupancy.”
- Alteration, filed May 13, 2020, estimated cost $35K, described as “Installation of (1) 10-ton outdoor condenser and (1) 2-ton split system for commercial space. No change in egress or occupancy.”
- Alteration, filed Mar 5, 2020, estimated cost $143K, described as “Installation of air condensing unit with associated ducts and piping”
- Alteration, filed Jan 6, 2020, estimated cost $34K, described as “Install chimney liner for existing wood burning fireplace on 2ND floor in apartment 2B. Install draft inducer at roof.”

## Property taxes

- Assessment: $13,841,550
- 2026–27 tax: $1,294,808
- Market value (city estimate): $30,759,000
- Taxable value: $11,439,795
- Assessed land: $3,909,150
- Assessed improvements: $9,932,400

## Tax breaks

- Co-op and condo abatement, with no end date, a $128,550 credit this tax year.

## Zoning

C5-3: floor area ratio 11.06 built, 15.00 allowed by base zoning.

## Recent sales

- Aug 19, 2026: $2,000,000
- May 12, 2026: $2,500,000
- Dec 12, 2025: $1,200,000
- Aug 7, 2025: $1,200,000
- Jul 28, 2025: $3,625,000
- Jun 12, 2025: $2,200,000
- Mar 6, 2025: $1,080,000
- Jul 16, 2024: $1,000,000
- Apr 19, 2024: $1,200,000
- Apr 15, 2024: $8,200,000

The 10 most recent of 20 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Developers Complete Modernization and Amenities Project at 470 Park Avenue South in Midtown, Manhattan](https://newyorkyimby.com/2022/12/developers-complete-modernization-and-amenities-project-at-470-park-avenue-south-in-midtown-manhattan.html), New York YIMBY, Dec 9, 2022.

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