1487 1st Avenue, Manhattan
Apartment building · 146 units · built 2023 · Block 1452, Lot 27.
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Building permits
Permit records are unavailable right now; the map lists them once the city responds.
Property taxes
- Assessment
- $34,729,650
- 2026–27 tax
- $503,692
- Market value (city estimate)
- $77,177,000
- Taxable value
- $4,049,298
- Assessed land
- $2,770,650
- Assessed improvements
- $31,959,000
Tax breaks
- 421-a exemption, through Jun 30, 2061, about $3,816,329 a year below the full tax.
Zoning
C2-8: floor area ratio 21.44 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Jan 6, 2022: $73,500,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Maison 78’s Exterior Wraps Up at 1487 First Avenue on Manhattan’s Upper East Side, New York YIMBY, May 27, 2025.