521 5 AVENUE
BBL 1012780001 · Class O4 · Built 1929 · 38 floors · 61 units · 521 FIFTH AVENUE PROPERTY INVESTORS IV, LLC
521 5 AVENUE is a split-zoned property in New York City: different parts of the lot fall in C5-3 and C5-2.5. The structure was built in 1929. It has 38 floors. The building contains 434,152 square feet. Built FAR is 22.79; PLUTO reports a maximum of 10 for the C5-3 portion, which does not govern the whole of a split lot. Assessed value is $80,670,150. Last sold for $379,283,536.57 in May 2019. Located in Council District 4.
You can build 286K sf as-of-right. The lot uses 152% of it today.
Governing use: commercial at FAR 15.00 on a 19,047 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
6 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| May 23, 2019 | DEED | $379,283,536.57 | 521 FIFTH FEE OWNER LLC→521 FIFTH AVENUE PROPERTY INVESTORS IV, LLC |
| Dec 13, 2012 | DEED | $170,000,000 | GREEN 521 FIFTH AVENUE LLC→521 FIFTH FEE OWNER LLC |
| May 2, 2011 | DEED | $225,000,000 | 104-521 FEE LLC→GREEN 521 FIFTH AVENUE LLC |
| Mar 9, 2006 | DEED | — | 521 FIFTH AVENUE PARTNERS LLC→104-521 FEE LLC |
| Jun 2, 1999 | DEED | — | 521 5TH AVE. ASSOCIATES→521 5TH AVE PARTNERS, LLC |
| Oct 6, 1977 | DEED | — | METROPOLITAN LIFE INS→521 FIFTH AVE ASSC |