New York City  »  10019  »  5th Ave  »  724 5th Ave

724 5th Avenue #B, New York, NY 10019 - Property report

Also known as: 724 5th Ave #B

Property image for 724 5th Avenue #B, New York, NY 10019
static Mapbox map

Property type

Office Space (RB)

Year built

1921

Lot sq. ft.

5,000

Sale price

$425,000,000

General information

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Address
Primary address
724 5th Avenue #B
ZIP code
10019
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01272-1102

Owner

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Building
Property type
Office Space (RB)
Unit sq. ft.
36,692
Building dimensions
50 ft x 100 ft
Buildings on lot
1
Stories
12
Year built
1921
Building material
Sales
Sale date
12/19/2023
Sale price
$425,000,000 - M
Tax
Tax year
2026-2027
Property tax
$502,240
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
50 ft x 100 ft
Lot sq. ft.
5,000

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
2
Community district
5

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

Ownership

Ownership information for 724 5th Avenue #B, 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 724 5th Avenue #B, New York, NY 10019

Sale date Sale price Buyer name Seller name
12/19/2023 $425,000,000 XXXXX XXX XXXX. XXX XXXXX XXX XXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/21/2024 - R UCC3 Termination
(2024101600901003)		 XXX XXXXX XXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
10/21/2024 - R
10/09/2024 - D		 Termination of Assign of L&R
(2024101600901002)		 XXXXXX XXXXXXX XXXXXXXXXXX XXX XXXXX XXX XXXXX XXX
10/21/2024 - R
10/09/2024 - D		 Satisfaction of Mortgage
(2024101600901001)		 XXX XXXXX XXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
01/04/2024 - R
12/19/2023 - D		 Deed
(2023122900685001)		 XXX XXXXX XXX XXXXX XXX XXXXX XXX XXXX
03/11/2021 - R Initial UCC1
(2021030901277005)		 XXX XXXXX XXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
03/11/2021 - R
02/26/2021 - D		 Agreement
(2021030901277004)		 XXXXXX XXXXXXX XXXXXXXXXXX XXX XXXXX XXX XXXXX XXX
03/11/2021 - R
02/26/2021 - D		 Assignment of Leases and Rents
(2021030901277003)		 XXX XXXXX XXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
03/11/2021 - R
02/26/2021 - D		 Agreement
(2021030901277002)		 XXX XXXXX XXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
03/11/2021 - R
02/26/2021 - D		 Assignment, Mortgage
(2021030901277001)		 XXXXXX XXXXXXX XXXXXXXXXXX XXXXXX XXXXXXX XXXXXXXXXXX
01/26/2017 - R
12/22/2016 - D		 Agreement
(2017011901080001)		 XXX XXXXX XXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 724 5th Avenue #B, 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
$502,240
Municipal exemptions
Recent tax assessments
Market value
$10,850,400
Assessed value
$4,882,680

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 $10,629,900 $4,783,455 $4,420,251 10.848% $479,509 $479,509 -0.22%
2024/25 $10,396,800 $4,678,560 $4,465,368 10.762% $480,563 $480,563 +0.41%
2023/24 $10,154,700 $4,569,615 $4,518,504 10.592% $478,600 $478,600 +6.16%
2022/23 $9,410,400 $4,234,680 $4,234,680 10.646% $450,824 $450,824 +9.30%
2021/22 $8,522,100 $3,834,945 $3,834,945 10.755% $412,448 $412,448 -11.69%
2020/21 $11,131,200 $5,009,040 $4,367,277 10.694% $467,037 $467,037 +10.38%
2019/20 $10,987,200 $4,944,240 $4,015,681 10.537% $423,132 $423,132 +9.45%
2018/19 $10,655,100 $4,794,795 $3,677,042 10.514% $386,604 $386,604 +11.07%
2017/18 $9,097,200 $4,093,740 $3,310,710 10.514% $348,088 $348,088 +9.93%
2016/17 $6,654,600 $2,994,570 $2,994,570 10.574% $316,646 $316,646 -1.97%
Permits

Permit information for 724 5th Avenue #B, New York, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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

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FEMA flood zones

Property location map
FEMA flood zones
-

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Grand Army Plaza & Central Park South at SW Corner
Station lines
N-Q-R
Distance (miles)
0.134
View subway map

Access the detailed traffic volume map for 724 5th Avenue #B, New York, NY 10019 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

Nearby ZIP codes for 724 5th Avenue #B, New York, NY

10001, New York City, NY 10018, New York City, NY 10020, New York City, NY 10023, New York City, NY 10036, New York City, NY 10069, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for 724 5th Avenue #B, New York, NY 10019?

The development at 724 5th Avenue #B, New York, NY 10019 was built in 1921.

What is the market value of 724 5th Avenue #B, New York, NY 10019?

The current market value of 724 5th Avenue #B, New York, NY 10019 is $10,850,400.

What is the total square footage of 724 5th Avenue #B, New York, NY 10019?

724 5th Avenue #B, New York, NY 10019 has a total of 36,692 square feet.

What is the price per square foot for this property?

$11,582 per square foot is the price for 724 5th Avenue #B, New York, NY 10019.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 9.

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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