New York City  »  10016  »  1st Ave  »  587 1st Ave

587 1st Avenue, New York, NY 10016 - Property report

Also known as: 587 1st Ave

Property image for 587 1st Avenue, New York, NY 10016
static Mapbox map

Property type

Old Law Tenement (C4)

Year built

1930

Lot sq. ft.

2,198

Sale price

$11,400,000 - M

General information

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Address
Primary address
587 1st Avenue
ZIP code
10016
Neighborhood
Kips Bay
Borough
Manhattan
Block & lot
00939-0034

Owner

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Building
Property type
Old Law Tenement (C4)
Building sq. ft.
4,138
Building dimensions
21 ft x 47 ft
Buildings on lot
1
Stories
4
Year built
1930
Last altered
1972
Building material
Masonry
Sales
Sale date
09/07/2005
Sale price
$11,400,000 - M
Tax
Tax year
2026-2027
Property tax
$53,408
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Residential units
6
Residential sq. ft.
Commercial units
1
Office sq. ft.
Lot
Frontage(s)
1 Avenue (wide)
East 34 Street (wide)
Lot dimensions
21.08 ft x 100 ft
Lot sq. ft.
2,198

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
83 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.91 Miles
Closest fire station
0.27 Miles

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

Ownership

Ownership information for 587 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 587 1st Avenue, New York, NY 10016

Sale date Sale price Buyer name Seller name
09/07/2005 $11,400,000 XXX-XXX XXXXX XXXXXXX XXX XXXXX XXXXXX XX XXXX XXXXXX XXXXXXXX, X.X

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/12/2024 - R Initial UCC1
(2024061000902001)		 XXXXX XX XXXXXX XXX XXXX XXXXXXXXX XXXX
03/28/2022 - R
10/22/2020 - D		 Subordination of Mortgage
(2022032300338001)		 XXXX XXXXXXXXX XXXX XX XXXXXXX XXXX XXXXXXXXXX XXX
03/11/2022 - R
10/22/2020 - D		 Easement
(2022030701190001)		 XXXXX XX XXXXXX XXX XX XXXXXXX XXXX XXXXXXXXXX XXX
04/19/2018 - R
04/12/2018 - D		 Discharge of Tax Lien
(2018041900368001)		 XXX XXXX XX XXX XXXX XXXXXX
01/25/2016 - R Initial UCC1
(2016012000575002)		 XXXXX XX XXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
01/25/2016 - R UCC3 Termination
(2016012000575001)		 XXXXXX XXXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
02/01/2016 - R
01/14/2016 - D		 Assignment of Leases and Rents
(2016012000492004)		 XXXXX XX XXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
02/01/2016 - R
01/14/2016 - D		 Agreement
(2016012000492003)		 XXXXX XX XXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
02/01/2016 - R
01/14/2016 - D		 Mortgage
(2016012000492002)		 XXXXX XX XXXXXX XXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
02/01/2016 - R
01/07/2016 - D		 Termination of Assign of L&R
(2016012000492001)		 XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 587 1st 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
$53,408
Municipal exemptions
Recent tax assessments
Market value
$3,203,000
Assessed value
$1,441,350

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 $2,675,000 $1,203,750 $397,560 12.439% $49,452 $49,452 +7.47%
2024/25 $2,229,000 $1,003,050 $368,112 12.5% $46,014 $46,014 +7.98%
2023/24 $2,175,000 $978,750 $340,846 12.502% $42,613 $42,613 +1.92%
2022/23 $2,719,000 $1,223,550 $340,846 12.267% $41,812 $41,812 +3.47%
2021/22 $3,199,000 $1,439,550 $330,278 12.235% $40,410 $40,410 +7.72%
2020/21 $3,365,000 $1,514,250 $305,815 12.267% $37,514 $37,514 +6.22%
2019/20 $3,321,000 $1,494,450 $283,163 12.473% $35,319 $35,319 +6.81%
2018/19 $2,999,000 $1,349,550 $262,189 12.612% $33,067 $33,067 -0.84%
2017/18 $2,641,000 $1,188,450 $262,189 12.719% $33,348 $33,348 +1.81%
2016/17 $2,473,000 $1,112,850 $254,060 12.892% $32,753 $32,753 +8.07%
Permits

Permit information for 587 1st Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
06/16/2014 Alteration type 3
07/16/2013 Alteration type 2
04/05/2013 Alteration type 2
06/09/2004 Alteration type 2
01/20/2004 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
06/29/2019 A
06/29/2019 A
06/29/2019 A

*Most recent HPD violations on record for this property.

Neighborhood

Murray Hill, Kips Bay residential market stats

Access a detailed real estate market overview of Murray Hill, Kips Bay so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Murray Hill, Kips Bay and compare it to other neighborhoods in Manhattan.

Median sale price

—

Median price/sq. ft.

—

Manhattan median sale price

$1,260,000

5.4% 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
0.2,AE

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
2

Subway & traffic

Closest station
Park Ave & 33rd St at SE Corner
Station lines
6
Distance (miles)
0.436
View subway map

Access the detailed traffic volume map for 587 1st 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
River School (The) 8 Yes Public PK, K-5 459 0.10
River School (The) 8 Yes Public PK, K-5 459 0.10
P.S. 116 Mary Lindley Murray 7 No Public PK, K-5 353 0.20
P.S. 116 Mary Lindley Murray 7 No Public PK, K-5 353 0.20
The Churchill School and Center NR No Private K-12 399 0.23
British International School of NY NR No Private PK, K-8 0 0.42
British International School of NY NR No Private PK, K-8 0 0.42
British International School of Ny NR No Private PK-10 300 0.43
British International School of Ny NR No Private PK-10 300 0.43
47 the American Sign Language and English Lower School 4 No Public PK, K-8 176 0.51
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 104 Simon Baruch 8 Yes Public 6-8 891 0.64
The Churchill School and Center NR No Private K-12 399 0.23
British International School of NY NR No Private PK, K-8 0 0.42
British International School of Ny NR No Private PK-10 300 0.43
United Nations International School NR No Private PK, K-12 0 0.49
United Nations International School NR No Private K-12 0 0.49
47 the American Sign Language and English Lower School 4 No Public PK, K-8 176 0.51
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
The Churchill School and Center NR No Private K-12 399 0.23
Manhattan Academy For Arts And Languages 4 No Public 9-12 178 0.42
Murray Hill Academy 5 No Public 9-12 232 0.42
Unity Center For Urban Technologies 8 No Public 9-12 237 0.42
British International School of Ny NR No Private PK-10 300 0.43
United Nations International School NR No Private PK, K-12 0 0.49
United Nations International School NR No Private K-12 0 0.49
American Sign Language & English Secondary School NR No Public 9-12 202 0.51
United Nations International School NR No Private PK-12 1,615 0.51

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 587 1st Avenue, New York, NY

589 1st Ave, New York 593 1st Ave, New York 325 E 33rd St, New York 328 E 34th St, New York 326 E 34th St, New York 324 E 34th St, New York 333 E 33rd St, New York 591 1st Ave, New York 339 E 33rd St, New York 337 E 33rd St, New York 300 E 34th St, New York 340 E 34th St, New York 318 E 34th St, New York 331 E 33rd St, New York 322 E 34th St, New York 320 E 34th St, New York 330 E 33rd St, New York

Nearby ZIP codes for 587 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 587 1st Avenue, New York, NY 10016?

The development at 587 1st Avenue, New York, NY 10016 was built in 1930.

What is the total square footage of 587 1st Avenue, New York, NY 10016?

587 1st Avenue, New York, NY 10016 has a total of 4,138 square feet.

When was 587 1st Avenue, New York, NY 10016 last sold and what was the sale price?

587 1st Avenue, New York, NY 10016 was last sold on 09/07/2005 for $11,400,000 - M.

What is the assessed value of 587 1st Avenue, New York, NY 10016?

587 1st Avenue, New York, NY 10016 is currently assessed at $1,441,350.

What are the property taxes for 587 1st Avenue, New York, NY 10016?

The property taxes for 587 1st Avenue, New York, NY 10016 total $53,408.

How many residential units does this building have?

This building has 6 residential unit(s).

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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