985 5th Avenue, Manhattan
Apartment building · 46 units · built 1970 · Block 1491, Lot 4.
Building permits
- New Building — Tower, filed Nov 1, 2022, 21 units, 20 stories, described as “Construction of new 20 story building with cellar and 2 subcellar levels”
- Alteration, filed May 8, 2024, estimated cost $5K, described as “Brick replacement as per plans. No change in use egress or occupancy.”
- Demolition, filed Jan 4, 2024, estimated cost $3.7M, described as “The plans enclosed depict the extent, sequence, means and methods for the proposed full demolition of the 25 story building located at 985 5TH avenue borough of manhattan, new york, 10075”
- Alteration, filed Aug 30, 2018, estimated cost $1K, described as “Installation of pipe scaffolding. No change in use, egress or occupancy.”
- Alteration, filed Jun 21, 2018, described as “Sidewalk shed proposed installation of sidewalk shed as per plan no change in use, occupancy of egress under this application.”
Property taxes
- Assessment
- $22,135,950
- 2026–27 tax
- $2,655,061
- Market value (city estimate)
- $49,191,000
- Taxable value
- $21,344,650
- Assessed land
- $4,635,000
- Assessed improvements
- $17,500,950
Zoning
R10: floor area ratio 9.83 built, 10.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- Nov 18, 2024: $10,500,000
- May 20, 2022: $10,597,190
Open-market sales since 2016, from the Department of Finance’s sales files.
Landmarks
Part of Metropolitan Museum Historic District (Historic District). 11 Landmarks Preservation Commission permits are on file.
In the news
Updated Design Revealed for 985 Fifth Avenue on Manhattan’s Upper East Side, New York YIMBY, Nov 16, 2025.