# 1061 2nd Avenue, Manhattan

Mixed use · 12 units · built 1961 · Block 1329, Lot 28.

On Umarelli: https://umarelli.org/nyc/1013290028/250-east-56-street

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

## Building permits

- New Building — Tower, filed Mar 26, 2026, 141 units, 36 stories, described as “HUB consult submitted on 3/26. Please assign to hub examiner. New Building”
- Alteration, filed Oct 8, 2026, described as “Installation of temporary construction fence per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Demolition, filed Dec 5, 2025, estimated cost $475K, described as “Full demolition of four story structure, using hand held equipment with mechanical assist.”
- Demolition, filed Dec 5, 2025, estimated cost $475K, described as “Full demolition of four story structure using hand held equipment with mechanical to assist”
- Demolition, filed Dec 5, 2025, estimated cost $475K, described as “Full demolition of four story structure, using hand held and mechanical to assist.”
- Alteration, filed Mar 25, 2021, estimated cost $6K, described as “Install new kitchen exhaust system, hood and duct for existing deli at first floor . No change in use, egress or occupancy .”

## Property taxes

- Assessment: $3,394,350
- 2026–27 tax: $316,657
- Market value (city estimate): $7,543,000
- Taxable value: $2,919,040
- Assessed land: $768,600
- Assessed improvements: $2,625,750

## Zoning

C1-9: floor area ratio 3.38 built, 10.00 allowed by base zoning.

## Recent sales

- Nov 17, 2025: $32,550,000, sold with other lots

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

- 1059-1061 Second Avenue - TA Certification (City Planning 2025M0473): Certification, Completed, filed Jun 8, 2026, decided Sep 18, 2026. A private application seeking a joint CPC/MTA certification pursuant to ZR 95-041 to determine whether a transit easement volume is required for a proposed development at 1059–1061 Second Avenue (Block 1329, Lot 28; formerly Lots 27–28),…

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