# 405 Park Avenue, Manhattan

Vacant land · Block 1309, Lot 1.

On Umarelli: https://umarelli.org/nyc/1013090001/405-park-avenue

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

## Building permits

- Alteration, filed Mar 31, 2022, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Mar 9, 2022, estimated cost $50K, described as “Installation of chute to lower debris from floor to floor”
- Alteration, filed Jan 28, 2022, estimated cost $40K, described as “Mechanical modifications taking place on cellar, 1ST - 12TH, 15TH - 16TH (16TH - 17TH mktg), and roof as per plans filed herewith. No change in use, occupancy, or egress.”
- Alteration, filed Dec 13, 2021, estimated cost $20K, described as “Installation of temporary roof/overhead protection on adjacent properties roofs per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 10, 2021, described as “Installation of temporary supported scaffold for hoist runback structure per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 10, 2021, estimated cost $10K, described as “Installation of temporary needle beam per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 10, 2021, described as “Installation of temporary supported scaffold on top of needle beam (filed separately under DOB now # M00466515) per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this…”
- Alteration, filed Dec 10, 2021, described as “Installation of temporary construction fence per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 10, 2021, estimated cost $40K, described as “Installation of 7,100# temporary single car personnel/material hoist per plan and application submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 7, 2021, estimated cost $20K, described as “Install temporary fire standpipe pressurized alarm system for building being demolished under alt 123920365”
- Alteration, filed Oct 22, 2021, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Aug 26, 2021, estimated cost $120K, described as “Structural modifications taking place at cellar, sub-cellar, 1ST & 2ND floors as per plans filed herewith. No change is use, egress, or occupancy.”
- Alteration, filed Aug 24, 2021, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of the NYC building code. Live load 300 psf”
- Alteration, filed Jul 14, 2021, estimated cost $1.3M, described as “General construction taking place at cellar, 1ST - 16TH as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Jan 18, 2018, estimated cost $13K, described as “Modification to existing telecommunications site. Replace rrh units and install rrh units on roof. All in conformance with tppn 5/98. No change in use, egress, or occupancy.”

## Property taxes

- Assessment: $9,250,200
- 2026–27 tax: $804,497
- Market value (city estimate): $20,556,000
- Taxable value: $7,416,090
- Assessed land: $9,250,200

## Zoning

C5-3: floor area ratio 0.00 built, 15.00 allowed by base zoning.

## Recent sales

- Apr 17, 2026: $199,069,000
- May 2, 2016: $237,764,000

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

- 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…

## In the news

[405 Park Avenue Completes Demolition in Midtown East, Manhattan](https://newyorkyimby.com/2023/03/405-park-avenue-completes-demolition-in-midtown-east-manhattan.html), New York YIMBY, Mar 13, 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