171 5 AVENUE
BBL 1008510001 · Class O4 · Built 1903 · 21 floors · 23 units · FLATIRON OWNER LLC
171 5 AVENUE is a property in New York City zoned C6-4M. The C6-4M classification is Commercial C6-4M. The structure was built in 1903. It has 21 floors. The building contains 183,449 square feet. Built FAR is 21.21 of 10 maximum allowed. Assessed value is $26,399,700. Last sold for $6,708,387 in November 2023. Located in Council District 3.
You can build 87K sf as-of-right. The lot uses 212% of it today.
Governing use: residential at FAR 10.00 on a 8,650 sqft lot. As-of-right means no rezoning, no variance — figures from PLUTO; verify with a zoning attorney before you underwrite.
The envelope, itemized
Every time the city discussed this parcel
No development cases on file for this parcel
When a ULURP, BSA, or landmark application touches this lot, it appears here with its full hearing trail.
Ownership chain
20 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| Nov 9, 2023 | DEED | $6,708,387 | FLAT IRON ACQUISITION LLC→FLATIRON OWNER LLC |
| Nov 9, 2023 | DEED | — | FLATIRON NEWMARK PARTNERS LLC→FLATIRON OWNER LLC |
| Nov 9, 2023 | DEED | — | NEW TRIPLE CROWN LLC→FLATIRON OWNER LLC |
| Nov 9, 2023 | DEED | — | MICHAELANGELO GIIK FLATIRON LLC→FLATIRON OWNER LLC |
| Nov 9, 2023 | DEED | $40,250,000 | PETER A. AXELROD, ESQ, REFEREE→FLATIRON OWNER LLC |
| Nov 3, 2006 | DEED | — | GIIK-A ASSOCIATES, L.L.C.→MICHELANGELO GIIK FLATIRON LLC |
| Apr 3, 2004 | DEED | $4,768,470.83 | BLACKACRE FLATIRON LLC→FLATIRON NEWMARK PARTNERS LLC |
| Apr 3, 2004 | DEED | $5,449,680.96 | BLACKACRE FLATIRON LLC→NEW TRIPLE CROWN LLC |
| Apr 28, 1999 | DEED | — | SILVERSTEIN, NATHANROYCE→NRS FLATIRON LLC. |
| Aug 14, 1998 | DEED | — | ESTATE OF HELMSLEY,HARRY B.→BLACKACRE FLATIRON LLC |
| Apr 1, 1998 | DEED | — | ROSENTHAL, FLORENCE→GIIK-A ASSOCIATES, LLC |
| Apr 1, 1998 | DEED | — | HELMSLEY, EVE L/W/T/→GIKA ASSOCIATES, LLC |
| Feb 11, 1998 | DEED | — | OLSHEIM, LEONARD→FLAT RON ACQUISITIONLLC |
| Feb 11, 1998 | DEED | — | OLSHEIM, JULES→FLAT IRON ACQUISITION LLC |
| May 20, 1993 | DEED | — | FLEISMAN, ESTHER→CHU, SUSAN |
| Sep 18, 1985 | DEED | — | SILVERSTEIN, ELIZABETH B→SILVERSTEIN,NATHAN ROYCE |
| Apr 16, 1973 | DEED | — | FREDA, RHODA→OLSHEIM, JULES E |
| Oct 4, 1972 | DEED | — | EDELMAN, IRVING TR→OLSHEIM, ROSE TR |
| Feb 8, 1972 | DEED | — | KELUMUE CORP→SPARBERG, EDITH BRAUN |
| Feb 8, 1972 | DEED | — | SILVERSTEIN, ELIZABETH B→— |