547 5 AVENUE
BBL 1012810001 · Class O4 · Built 1927 · 38 floors · 74 units · FRENCH PARTNERS, LLC
547 5 AVENUE is a split-zoned property in New York City: different parts of the lot fall in C5-2.5 and C5-2.5. The structure was built in 1927. It has 38 floors. The building contains 427,158 square feet. Built FAR is 22.54; PLUTO reports a maximum of 10 for the C5-2.5 portion, which does not govern the whole of a split lot. Assessed value is $61,584,300. Last sold for $128,000,000 in January 2003. Located in Council District 4.
You can build 284K sf as-of-right. The lot uses 150% of it today.
Governing use: commercial at FAR 15.00 on a 18,950 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
3 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| Jan 30, 2007 | DEEDO | — | NEW YORK FRENCH SOUNDVIEW L.L.C.→NEW YORK 551 FIFTH AVENUE CO-INVESTORS L.L.C. |
| Jan 21, 2003 | DEEDO | $128,000,000 | METROPOLITAN LIFE INSURANCE COMPANY→NEW YORK FRENCH BUILDING CO-INVESTORS L.L.C. |
| Feb 1, 1985 | DEED | — | 551 FIFTH AVE CORP.→METROPOLITAN LIFE INS CO |