502 East 81st Street, Manhattan
Apartment building · 10 units · built 2024 · Block 1577, Lot 49.
Building permits
- New Building — Mid-Rise, filed Jan 30, 2024, 10 units, 11 stories, described as “New residential building.”
- Alteration, filed Apr 6, 2026, described as “This application is filed for a Temporary Use Permit for a model apartment pursuant to section AC 28-111 and Buildings Bulletin 2010-002. In conjunction with NB#M00990455.”
- Alteration, filed May 20, 2025, estimated cost $19K, described as “Installation of a temporary needle beam 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 May 5, 2025, estimated cost $10K, described as “Equipment use: single 7000# capacity personnel/material hoist during NB const, filed sep. Hoist shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application. Elevator application submitted separately.”
- Alteration, filed Nov 18, 2024, estimated cost $6K, described as “Installation of a temporary overhead protection, roof protection and window protection 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 $15K, described as “Installation of a temporarily 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 Nov 11, 2024, estimated cost $5K, described as “Installation of a temporarily heavy-duty 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 $5K, described as “Installation of a temporary construction fence 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 Oct 29, 2023, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Oct 29, 2023, estimated cost $5K, described as “Installation of temporary construction plywood fence as per plans. No change in use, egress or occupancy. Fence shall comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Oct 13, 2023, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed and pipe scaffold as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Oct 13, 2023, estimated cost $5K, described as “Installation of a heavy duty sidewalk shed and pipe scaffold as per plans during general construction work. No change in use, egress or occupancy. Sidewalk shed & pipe scaffold to comply with chapter 33 of NYC building code of 2022.”
- Alteration, filed Sep 27, 2023, estimated cost $28K, described as “Removal of interior nonload bearing partitions in association with full demolition under separate DOB application. There is no change to use, egress, occupancy, or fire protection.”
- Demolition, filed Sep 25, 2023, estimated cost $50K, described as “Full demolition of 5 story structure using hand held and mechanical means to assist on grade.”
- Alteration, filed Aug 29, 2023, estimated cost $28K, described as “Removal of interior nonload bearing partitions in association with full demolition under separate DOB application. There is no change to use, egress, occupancy, or fire protection.”
- Demolition, filed Aug 17, 2023, estimated cost $75K, described as “Full demolition of 5 story structure, using hand held and mechanical to assist.”
Property taxes
- Assessment
- $2,553,750
- 2026–27 tax
- $317,661
- Market value (city estimate)
- $5,675,000
- Taxable value
- $2,553,750
- Assessed land
- $1,037,250
- Assessed improvements
- $1,516,500
Zoning
R10: floor area ratio 10.78 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
- Jun 29, 2023: $10,400,000, sold with other lots
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
Façade Work Nears Completion on 500 East 81st Street on Manhattan’s Upper East Side, New York YIMBY, Sep 25, 2026.