525 Lexington Avenue, Manhattan
Hotel condominium · built c. 1923 · Block 1303, Lot 7503.
Building permits
- No Work, filed Sep 10, 2026
- Alteration, filed Jun 17, 2024, described as “Installation of suspended scaffold for facade work or inspection”
- Alteration, filed Apr 24, 2024, estimated cost $7K, described as “Application filed accessibility upgrades at entrance ramp on exterior of building along Lexington Avenue”
- No Work, filed Jul 21, 2023
- Alteration, filed Mar 30, 2023, estimated cost $1.4M, described as “Change of use of existing building from UG 5 R-1 hotel to UG 3 R-1 student dormitories. Work includes removal and construction of non-bearing partitions and finishes. Plumbing and mechanical work filed under separate applications. See…”
Property taxes
- Assessment
- $54,688,959
- 2026–27 tax
- $5,590,131
- Market value (city estimate)
- $121,531,006
- Taxable value
- $51,531,442
- Assessed land
- $20,520,001
- Assessed improvements
- $34,168,958
- Condo units with their own tax lots
- 31
Zoning
C6-6 (part of the lot is C6-4.5): floor area ratio 13.58 built, 15.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Landmarks
Part of Shelton Hotel (Later Halloran House) (Individual Landmark). 1 Landmarks Preservation Commission permit is on file.
In the news
1,355-Bed Student Housing Building to Debut at 525 Lexington Avenue in Turtle Bay, Manhattan, New York YIMBY, Sep 21, 2023.