# 5 East 59th Street, Manhattan

Commercial · built 1984 · Block 1374, Lot 5.

On Umarelli: https://umarelli.org/nyc/1013740005/5-east-59-street

More construction in Upper East Side: https://umarelli.org/nyc/manhattan/upper-east-side.md

## 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.

## Recent sales

- Feb 28, 2024: $26,682,500

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Rendering Reveals Retail Facelift For 5 East 59th Street on Manhattan’s Upper East Side](https://newyorkyimby.com/2025/06/rendering-reveals-retail-facelift-for-5-east-59th-street-on-manhattans-upper-east-side.html), New York YIMBY, Jun 23, 2025.

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