New York City  »  10016  »  1st Ave  »  485 1st Ave

Henry Phipps Plaza East - 485 1st Avenue, New York, NY 10016 - Property report

Also known as: 479 1st Ave

Property image for Henry Phipps Plaza East - 485 1st Avenue, New York, NY 10016

Property type

Elevator Apartment - Fireproof with Stores (D6)

Year built

1972

Lot sq. ft.

19,750

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
Building name
Henry Phipps Plaza East
Primary address
Henry Phipps Plaza East - 485 1st Avenue
Alternate address(es)
344-348 E 29th St
347-353 E 28th St
479-493 1st Ave
ZIP code
10016
Neighborhood
Kips Bay
Borough
Manhattan
Block & lot
00934-0024

Owner

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Building
Property type
Elevator Apartment - Fireproof with Stores (D6)
Building sq. ft.
127,144
Building dimensions
186 ft x 102 ft
Stories
20
Year built
1972
Last altered
1984
Tax
Tax year
2026-2027
Tax class
Zoning & Use
Zoning
Residential units
204
Commercial units
6
Lot
Lot dimensions
197.5 ft x 100 ft
Lot sq. ft.
19,750
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Ownership

Ownership information for Henry Phipps Plaza East - 485 1st 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 Henry Phipps Plaza East - 485 1st Avenue, New York, NY 10016

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/02/2025 - R
06/18/2025 - D		 Maps
(2025100101109002)		 XXXXX XXXXXX XXXXX XXXX XXXXXXXXXXX
10/02/2025 - R
05/06/2025 - D		 Condo Declaration
(2025100101109001)		 XXXXX XXXXXX XXXXX XXXX XXX
04/22/2025 - R
04/16/2025 - D		 Agreement
(2025042100797003)		 XXXXX XXXXXX XXXXX XXXX XXX XXX XXXX XXXX XXXXXXX XXXXXXXXXXX XXXXXXXXXXX
04/22/2025 - R
04/16/2025 - D		 Mortgage
(2025042100797002)		 XXXXX XXXXXX XXXXX XXXX XXX XXX XXXX XXXX XXXXXXX XXXXXXXXXXX XXXXXXXXXXX
04/22/2025 - R
04/16/2025 - D		 Sundry Agreement
(2025042100797001)		 XXXXX XXXXXX XXXXX XXXX XXX XXXXXXXXX XX XXXXXXX XXX XXXXX XXXXXXXXXXX
05/11/2017 - R UCC3 Termination
(2017050501192001)		 XXXXX XXXXXX XXXXX XXXX XXXXXXX XXXXX XXXXXXX XX XXXXXXX XXX XXX XXXXXX X
04/12/2017 - R
04/10/2017 - D		 Satisfaction of Mortgage
(2017040701344001)		 XXXXX XXXXXX XXXXX XXXX XXX X XXXXXXX XXXXXXX X XXXXXXXX XXXX XXXXXXXXX XX XXXXXXXX XX XXXXXXX XX
02/16/2017 - R UCC3 Continuation
(2017021500126001)		 XXXXX XXXXXX XXXXX XXXX XXXXXXX XXXXX XXXXXXX XX XXXXXXX XXX XXX XXXXXX X
11/15/2014 - R
09/30/2014 - D		 NYC Real Property Transfer Tax
(2014102201022001)		 XXXXXXXXX XXX XXXX XXXXXXX X XXX XXXXXXXX XXXX XXXXXXXX XXX
08/03/2012 - R Initial UCC1
(2012080101489001)		 XXXXX XXXXXX XXXXX XXXX XXXXXXX XXXXX XXXXXXX XX XXXXXXX XXX XXX XXXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Henry Phipps Plaza East - 485 1st Avenue, New York, NY

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

This property currently has a zero assessment. No calculation of property tax can therefore be made.

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 $27,464,000 $12,358,800 $0 12.439% $1,375,699 $0 n/a
2024/25 $26,222,000 $11,799,900 $0 12.5% $1,314,900 $0 n/a
2023/24 $24,438,000 $10,997,100 $0 12.502% $1,255,093 $0 n/a
2022/23 $25,385,000 $11,423,250 $0 12.267% $1,177,901 $0 n/a
2021/22 $19,375,000 $8,718,750 $0 12.235% $1,066,739 $0 n/a
2020/21 $21,460,000 $9,657,000 $0 12.267% $1,045,174 $0 n/a
2019/20 $20,888,000 $9,399,600 $0 12.473% $989,534 $0 n/a
2018/19 $19,583,000 $8,812,350 $0 12.612% $919,914 $0 n/a
2017/18 $17,038,000 $7,667,100 $0 12.719% $844,395 $0 n/a
2016/17 $15,700,000 $7,065,000 $0 12.892% $787,412 $0 n/a
Permits

Permit information for Henry Phipps Plaza East - 485 1st Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
06/23/2025 Alteration
05/29/2025 Alteration
04/24/2025 Alteration
10/16/2024 Alteration
07/30/2024 Subdivision: condo

*Most recent permits on record for this property.

Violations

DOB Violations

Violation ID Issue date Type Status
06/16/2025 C-construction other optional
06/16/2025 C-construction other optional
03/31/2022 C-construction

*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.

Q3 2026 median price/sq. ft.

$671

8.9% Y-o-Y

Q2 2026 median price/sq. ft.

$752

13.9% Y-o-Y

2025 median price/sq. ft.

$627

-8.5% Y-o-Y

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

Neighbors for Henry Phipps Plaza East - 485 1st Avenue, New York, NY

338 E 30th St, New York 332 E 30th St, New York 462 2nd Ave, New York 344 E 28th St, New York 332 E 29th St, New York 433 1st Ave, New York 334 E 30th St, New York 340 E 29th St, New York 522 2nd Ave, New York 530 2nd Ave, New York 331 E 29th St, New York 336 E 30th St, New York 455 1st Ave, New York 311 E 25th St, New York 334 E 26th St, New York 444 2nd Ave, New York 330 E 30th St, New York 328 E 30th St, New York 319 E 25th St, New York 315 E 26th St, New York

Nearby ZIP codes for Henry Phipps Plaza East - 485 1st 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 Henry Phipps Plaza East - 485 1st Avenue, New York, NY 10016?

The development at Henry Phipps Plaza East - 485 1st Avenue, New York, NY 10016 was built in 1972.

What is the total square footage of Henry Phipps Plaza East - 485 1st Avenue, New York, NY 10016?

Henry Phipps Plaza East - 485 1st Avenue, New York, NY 10016 has a total of 127,144 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 6.

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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