# 525 Lexington Avenue, Manhattan

Hotel condominium · built c. 1923 · Block 1303, Lot 7503.

On Umarelli: https://umarelli.org/nyc/1013037503/525-lexington-avenue

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

## 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](https://newyorkyimby.com/2023/09/1355-bed-student-housing-building-to-debut-at-525-lexington-avenue-in-turtle-bay-manhattan.html), New York YIMBY, Sep 21, 2023.

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