5 East 59th Street, Manhattan
Commercial · built 1984 · Block 1374, Lot 5.
Building permits
- Alteration, filed Mar 31, 2026, estimated cost $3K, described as “Installation and use of temporary mini crane as per plans filed herewith. No change in use, egress, or occupancy.”
- Alteration, filed Mar 20, 2025, estimated cost $6K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 27, 2024, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 27, 2024, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Sep 25, 2024, estimated cost $5.3M, described as “Application filed for interior and exterior renovation of existing commercial building. New facade, elevators, partitions and finishes. Amend description of uses, occupancy group and amend certificate of occupancy.”
- Alteration, filed Aug 29, 2024, estimated cost $300K, described as “Partial demolition of non-load bearing partitions, stairs, elevators, doors, windows, equipment as per plans”
- Alteration, filed Nov 30, 2023, estimated cost $1K, described as “Propose to install non-advertising sign. No change in use, egress, or occupancy.”
- Alteration, filed May 17, 2021, estimated cost $9K, described as “Propose sprinkler modifications, install new temporary core protection on 002 floor through penthouse at 5 East 59 Street New York, NY. No change in use, egress or occupancy filed under this application.”
- Alteration, filed May 6, 2021, estimated cost $25K, described as “Waterproofing existing roof by applying firestone app 180 membrane on top of existing roof surface. Existing roof surface will not be disturb. Application will follow manufacture recommendations.”
Property taxes
- Assessment
- $7,619,400
- 2026–27 tax
- $799,978
- Market value (city estimate)
- $16,932,000
- Taxable value
- $7,374,428
- Assessed land
- $2,137,500
- Assessed improvements
- $5,481,900
Zoning
C5-2.5: floor area ratio 7.58 built, 12.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Feb 28, 2024: $26,682,500
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Rendering Reveals Retail Facelift For 5 East 59th Street on Manhattan’s Upper East Side, New York YIMBY, Jun 23, 2025.