# 502 East 81st Street, Manhattan

Apartment building · 10 units · built 2024 · Block 1577, Lot 49.

On Umarelli: https://umarelli.org/nyc/1015770049/500-east-81-street

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

## 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.

## 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.

## Flood zone

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

## In the news

[Façade Work Nears Completion on 500 East 81st Street on Manhattan’s Upper East Side](https://newyorkyimby.com/2026/09/facade-work-nears-completion-on-500-east-81st-street-on-manhattans-upper-east-side.html), New York YIMBY, Sep 25, 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