# 1655 1st Avenue, Manhattan

Apartment building · 99 units · built 2025 · Block 1549, Lot 24.

On Umarelli: https://umarelli.org/nyc/1015490024/1655-1-avenue

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

## Building permits

- New Building — Tower, filed Nov 21, 2024, 99 units, 23 stories, described as “Proposed twenty three (23) mixed-use development.”
- Alteration, filed Aug 3, 2026, estimated cost $1K, described as “Installation of new pump jack scaffold as per plans”
- Alteration, filed Jan 22, 2026, estimated cost $6K, described as “Installation of temporary needle beam as per plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 10, 2025, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 10, 2025, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Oct 10, 2025, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 15, 2025, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Dec 18, 2024, described as “Installation of temporary supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Dec 13, 2024, described as “Installation of temporary sidewalk shed per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application.”
- Alteration, filed Nov 11, 2024, estimated cost $160, described as “Proposed 8FT construction fence. No change to use, egress or occupancy under this application.”
- Demolition, filed Jul 22, 2024, estimated cost $500K, described as “Full demolition of four story structure, using hand held to assist and mechanical means from exterior from grade.”
- Alteration, filed Sep 13, 2021, estimated cost $17K, described as “Demolition of non-structural partitions within existing apartments in conjunction with Penthouse addition/expansion (DOB filing M00573356) . No change in use, egress, or occupancy.”

## Property taxes

- Assessment: $918,450
- 2026–27 tax: $93,316
- Market value (city estimate): $2,041,000
- Taxable value: $750,190
- Assessed land: $918,450

## Zoning

C2-8A: floor area ratio 14.83 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Feb 28, 2025: $50,000,000
- Dec 21, 2020: $14,500,000, 36,237 sq ft ($400 per sq ft)

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

[1655 First Avenue Nears Completion on Manhattan’s Upper East Side](https://newyorkyimby.com/2026/09/1655-first-avenue-nears-completion-on-manhattans-upper-east-side.html), New York YIMBY, Sep 9, 2026.

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