# 245 Park Avenue, Manhattan

Commercial · built 1966 · Block 1301, Lot 1.

On Umarelli: https://umarelli.org/nyc/1013010001/245-park-avenue

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

## Building permits

- No Work, filed Oct 28, 2026
- Alteration, filed Oct 28, 2026, estimated cost $1.4M, described as “Minor demolition with installation of new partitions, doors, ceilings and finishes on the 16th floor (Houlihan Lokey) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 27, 2026, estimated cost $330K, described as “Modifications to the existing HVAC system on the 16th floor (Houlihan Lokey) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 27, 2026, estimated cost $49K, described as “Installation of a new sprinkler system on the 16th floor (Houlihan Lokey) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 21, 2026, estimated cost $4K, described as “Modifications to the existing sprinkler system on the 1st floor (NE Retail) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 9, 2026, estimated cost $6K, described as “Installation of new fire hose cabinet on the 38th floors(ARES) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 9, 2026, estimated cost $820K, described as “Installation of new plumbing fixtures and associated piping on the 38th floor (Ares- Buildout Phase) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 9, 2026, estimated cost $1.7M, described as “Installation of a new HVAC system on the 38th floors (Ares- Buildout Phase) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 9, 2026, estimated cost $255K, described as “Modification to the existing sprinkler system on the 38th floor (Ares- Buildout Phase) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 9, 2026, estimated cost $11.4M, described as “Minor demolition with installation of new partitions, doors, suspended ceilings and finishes on the 38th floor (Ares- Buildout) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Oct 2, 2026, estimated cost $10K, described as “Heavy duty sidewalk shed during bldg alterations, filed under separate applications . Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Sep 23, 2026, estimated cost $15K, described as “Modifications to the existing sprinkler system with installation of a temporary loop on the 28th floor (Demo + Restrooms Renovation) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Sep 23, 2026, estimated cost $60K, described as “Modifications to the existing HVAC system on the 28th floor (Demo + Restrooms Renovation) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Sep 23, 2026, estimated cost $550K, described as “Minor demolition with installation of new partitions, doors, ceilings and finishes (Demo + Restrooms Renovation) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Sep 23, 2026, estimated cost $90K, described as “Modifications to the existing plumbing system on the 28th floor (Demo + Restrooms Renovation) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jun 29, 2026, estimated cost $258K, described as “Modifications to the existing plumbing system on the 29th and 30th floors (Day2 TradeWeb) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jun 29, 2026, estimated cost $66K, described as “Modifications to the existing HVAC system on the 29th and 30th floors (Day 2 TradeWeb) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jun 29, 2026, estimated cost $25K, described as “Installation of a new sprinkler system on the 29th and 30th floors (Day2 TradeWeb) as per plans. No change to use, egress or occupancy.”
- Alteration, filed Jun 26, 2026, estimated cost $421K, described as “Minor demolition with installation of new partitions, doors, ceilings and finishes on the 29th and 30th floors (Day 2 TradeWeb) as per plans. No change to use, egress or occupancy.”
- No Work, filed Jun 8, 2026, described as “Amenity fitness center with accessory cafe.”
- Alteration, filed May 20, 2026, estimated cost $262K, described as “Installation and modification of plumbing fixtures and associated piping on the 27th Floor (Cliffwater) as per plans. No change to use, egress or occupancy.”
- Alteration, filed May 20, 2026, estimated cost $208K, described as “Modification to the existing sprinkler system on the 27th Floor (Cliffwater), as per plans. No change to use, egress, or occupancy.”
- Alteration, filed May 20, 2026, estimated cost $48K, described as “Modifications to the existing Standpipe system on the 27th Floor (Cliffwater), as per plans. No change to use, egress, or occupancy.”
- Alteration, filed May 20, 2026, estimated cost $1.7M, described as “Modifications to the existing HVAC system and associated ducts and piping and installation of new units on the 27th Floor (Cliffwater), as per plans. No change to use, egress, or occupancy.”
- Alteration, filed May 19, 2026, estimated cost $5.6M, described as “Interior renovation of the 27th Floor (Cliffwater), including interior partitions, doors, ceilings and finishes, as per plans. No change to use, egress, or occupancy.”

257 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1013010001/245-park-avenue.

## Property taxes

- Assessment: $421,720,650
- 2026–27 tax: $45,748,256
- Market value (city estimate): $937,157,000
- Taxable value: $421,720,650
- Assessed land: $50,400,000
- Assessed improvements: $371,320,650

## Zoning

C5-3: floor area ratio 19.51 built, above the 15.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Feb 28, 2020: $33,072,265, 1,586,876 sq ft ($21 per sq ft)
- May 5, 2017: $2,210,000,000

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

- 245 Park Avenue Plaza Redesign (City Planning 2024M0264): Certification, Completed, filed Oct 28, 2024, decided Jul 24, 2025. This is a private application by SL Green to facilitate design changes pursuant to Section 37-625 in a POPS at 245 Park Avenue located in Midtown Manhattan, Community District 5.
- 245 Park Avenue - Dos Caminos Open Air Café (City Planning 2023M0304): Certification, Completed, filed Dec 6, 2023, decided Sep 18, 2026. This is a private application by Dos Caminos 480 Lexington, Inc. for a chair certification to facilitate an Open Air Café located in a POPS at 245 Park Avenue in Manhattan, Community District 5.
- Variance or special permit (Board of Standards and Appeals 2020-20-BZ): Variance or special permit, Granted, filed Mar 11, 2020, decided Nov 30, 2020. Special Permit (§73-36) to permit the operation of a physical cultural establishment (SSWING) to be located on a portion of the first floor of an existing 45-story commercial building contrary to ZR §32-10. C5-3 (MID) zoning district.
- 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…
- 245 PARK AVE PLAZA (City Planning P2009M0067): Completed, decided Dec 18, 2008. CERT THAT A PROPOSED DESIGN CHANGE TO THE EXISTING PLAZA IS\*IN ACCORD WITH PUBLIC PLAZA STANDARD (POPS)
- 245 PK AVE PLAZA (City Planning P2007M0176): Completed, decided Dec 18, 2008. CERT FOR A REDUCTION IN SIZE OF A NON-BONUSED ARCADE (POPS)
- 245 PK AVE PLAZA (City Planning P2006M0034): Completed, decided Sep 11, 2008. CERT FOR A RENEWAL OF AN OPEN AIR CAFE WITHIN AN THE PLAZA
- 245 PARK AVE (City Planning P2002M0272): Completed, decided Nov 4, 2002. CERTIFICATION TO PLACE AN OPEN AIR CAFE W/IN AN URBAN PLAZA\*(POPS)

## In the news

[245 Park Avenue Prepares For Renovations, Partial Re-Cladding in Midtown East, Manhattan](https://newyorkyimby.com/2025/05/245-park-avenue-prepares-for-renovations-partial-re-cladding-in-midtown-east-manhattan.html), New York YIMBY, May 6, 2025.

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