New York City  »  10016  »  5th Ave  »  245 5th Ave

245 5th Avenue, New York, NY 10016 - Property report

Also known as: 2 E 28th St

Property image for 245 5th Avenue, New York, NY 10016
static Mapbox map

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1927

Lot sq. ft.

11,100

Sale price

$161,500,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
245 5th Avenue
Alternate address(es)
2 E 28th St
243-249 5th Ave
ZIP code
10016
Neighborhood
NoMad
Borough
Manhattan
Block & lot
00857-0076

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
258,639
Building dimensions
86.8 ft x 125 ft
Buildings on lot
1
Stories
24
Year built
1927
Last altered
2011
Building material
Sales
Sale date
04/08/2011
Sale price
$161,500,000
Tax
Tax year
2026-2027
Property tax
$5,047,037
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
86.83 ft x 125 ft
Lot sq. ft.
11,100

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
90 /100.  Biker's Paradise
School district
2
Community district
5
Closest police station
0.60 Miles
Closest fire station
0.33 Miles

View more such as transportation, nearby schools and risk designations.

Units for 245 5th Avenue, New York, NY

Ownership

Ownership information for 245 5th Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 245 5th Avenue, New York, NY 10016

Sale date Sale price Buyer name Seller name
04/08/2011 $161,500,000 XXX XXXXX XXXXX XXX XXXXX XXX XXXXX XXXXXX, XXX
04/26/2007 $190,000,000 XXXXX XXX XXXXX XXXXXX, XXX XXXX XXXXX XXXXXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/23/2025 - R UCC3 Continuation
(2025122300502001)		 XXX XXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
11/08/2023 - R Initial UCC1
(2023110700150001)		 XXX XXXXX XXXXX XXX XXXXXXXX XXX XX
05/09/2023 - R UCC3 Amendment
(2023050500825002)		 XXX XXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
05/09/2023 - R
05/04/2023 - D		 Agreement
(2023050500825001)		 XXX XXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
11/02/2020 - R UCC3 Continuation
(2020103001074001)		 XXX XXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
01/02/2018 - R
11/01/2017 - D		 NYC Real Property Transfer Tax
(2017122900276001)		 XXXXX X XXXXXXXXXXXXXX XXX XXXXXXX XXXX XXX
03/03/2016 - R Initial UCC1
(2016021801837007)		 XXX XXXXX XXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
03/03/2016 - R
02/12/2016 - D		 Termination of Assign of L&R
(2016021801837010)		 XXXXXXXX XXXX XX XXX XXXX XXXXXX
03/03/2016 - R
02/12/2016 - D		 Termination of Assign of L&R
(2016021801837009)		 XXXXXXXX XXXX XX XXX XXXX XXXXXX
03/03/2016 - R
02/12/2016 - D		 Termination of Assign of L&R
(2016021801837008)		 XXXXXXXX XXXX XX XXX XXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 245 5th Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$5,047,037
Municipal exemptions
Recent tax assessments
Market value
$103,389,000
Assessed value
$46,525,050

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $102,514,000 $46,131,300 $46,131,300 10.848% $5,004,323 $5,004,323 +1.74%
2024/25 $101,561,000 $45,702,450 $45,702,450 10.762% $4,918,498 $4,918,498 -6.99%
2023/24 $118,316,000 $53,242,200 $49,924,680 10.592% $5,288,022 $5,288,022 +5.30%
2022/23 $111,522,000 $50,184,900 $47,172,300 10.646% $5,021,963 $5,021,963 +6.46%
2021/22 $98,714,000 $44,421,300 $43,861,110 10.755% $4,717,262 $4,717,262 +2.91%
2020/21 $124,631,000 $56,083,950 $42,863,330 10.694% $4,583,805 $4,583,805 +13.00%
2019/20 $113,641,000 $51,138,450 $38,496,352 10.537% $4,056,361 $4,056,361 +10.54%
2018/19 $87,734,000 $39,480,300 $34,902,472 10.514% $3,669,646 $3,669,646 +3.79%
2017/18 $74,731,000 $33,628,950 $33,628,950 10.514% $3,535,748 $3,535,748 -3.02%
2016/17 $76,624,000 $34,480,800 $34,480,800 10.574% $3,646,000 $3,646,000 +0.42%
Permits

Permit information for 245 5th Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/07/2026 Alteration
08/04/2026 Alteration type 3
07/13/2026 Alteration type 3
07/10/2026 Alteration
07/09/2026 Alteration CO

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/20/2023 Lblvio-low pressure boiler boiler required
08/31/2021 E-elevator
08/31/2021 E-elevator

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Broadway & 28th St at SE Corner
Station lines
N-R
Distance (miles)
0.089
View subway map

Access the detailed traffic volume map for 245 5th Avenue, New York, NY 10016 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 245 5th Avenue, New York, NY

251 5th Ave, New York 255 5th Ave, New York 37 E 28th St, New York 62 Madison Ave, New York 4 E 28th St, New York 14 E 28th St, New York 72 Madison Ave, New York 35 E 28th St, New York 79 Madison Ave, New York 1 E 27th St, New York 41 E 28th St, New York 45 E 28th St, New York 386 Park Ave S, New York 7 E 27th St, New York 235 5th Ave, New York 10 E 29th St, New York 80 Madison Ave, New York 63 Madison Ave, New York 66 Madison Ave, New York

Nearby ZIP codes for 245 5th Avenue, New York, NY

10010, New York City, NY 10017, New York City, NY 10020, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10152, New York City, NY 10154, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 245 5th Avenue, New York, NY 10016?

The development at 245 5th Avenue, New York, NY 10016 was built in 1927.

What is the market value of 245 5th Avenue, New York, NY 10016?

The current market value of 245 5th Avenue, New York, NY 10016 is $103,389,000.

What is the total square footage of 245 5th Avenue, New York, NY 10016?

245 5th Avenue, New York, NY 10016 has a total of 258,639 square feet.

What is the price per square foot for this property?

$624 per square foot is the price for 245 5th Avenue, New York, NY 10016.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 73.

How many active listings does 245 5th Avenue, New York, NY 10016 have?

This address has 9 active listing(s).

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