New York City » 10036 » 5th Ave » 550 5th Ave

550 5th Avenue, New York, NY 10036 - Property report

Also known as: 550 5th Ave

Property image for 550 5th Avenue, New York, NY 10036

Property type

Office with Commercial 7-19 Stories (O6)

Year built

1940

Lot sq. ft.

5,000

Sale price

$25,080,000

General information

Address

Primary address

550 5th Avenue

Alternate address(es)

550-552 5th Ave

ZIP code

10036

Neighborhood

Central Midtown

Borough

Manhattan

Block & lot

01261-0036

Building

Property type

Office with Commercial 7-19 Stories (O6)

Building sq. ft.

55,779

Building dimensions

50 ft x 100 ft

Buildings on lot

Stories

Year built

1940

Last altered

2016

Building material

Sales

Sale date

07/07/2005

Sale price

$25,080,000

Tax

Tax year

2026-2027

Property tax

$1,361,039

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Commercial units

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

93 /100. Biker's Paradise

School district

Community district

Closest police station

0.45 Miles

Closest fire station

0.11 Miles

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

Ownership

Ownership information for 550 5th Avenue, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 550 5th Avenue, New York, NY 10036

Sale date	Sale price	Buyer name	Seller name
07/07/2005	$25,080,000	XXXXXX XXX XXXX	XXX XXXX XXXXXXX XXX XXX
07/07/2005	$7,920,000	XXXXXX XXX XXXX	XXXX XXX XXXXX XXXXXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/18/2015 - R 06/08/2015 - D	Zoning Lot Description (2015061500982002)	XXXXXXXX XXXXXX XXXX
06/18/2015 - R 05/14/2015 - D	Certificate (2015061500982001)	XXXXX XXXXXXXX XXXXX XXXXXXXXX XXXXXXX
08/22/2013 - R 07/17/2013 - D	Easement (2013080700044002)	XXXXXX XXX XXXX	XXX XXXXX XXXXX XXX
07/29/2005 - R 07/07/2005 - D	Deed (2005072001176005)	XXXX XXX XXXXX XXXXXX XXX	XXXXXX XXX XXXX
07/29/2005 - R 07/07/2005 - D	Deed (2005072001176004)	XXX XXXX XXXXXXX XXX XXX	XXXXXX XXX XXXX
07/29/2005 - R 07/07/2005 - D	Deed (2005072001176003)	XXX XXXX XXXXX XXXXXXXX XX	XXX XXXX XXXXXXX XXX XXX
07/29/2005 - R 07/07/2005 - D	Deed (2005072001176002)	XXX XXXX XXXXX XXX	XXXX XXX XXXXX XXX XXX
07/29/2005 - R 07/07/2005 - D	Deed (2005072001176001)	XXX XXX X	XXX XXXX XXXXX XXX
09/26/2002 - R	Satisfaction of Mortgage (1450008815045)	XXXXXXXXX XXXXXX XXXXXXXXXXXX XXX	XXX XXXXXX XXXXX
05/21/2001 - R	Withheld Satisfaction (1630007661663)	XXXX XXXXXXXXXX XX	XXX XXXX XXXXX XXXXXXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 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

$1,361,039

Municipal exemptions

Recent tax assessments

Market value

$30,878,000

Assessed value

$13,895,100

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	$28,688,000	$12,909,600	$11,344,590	10.848%	$1,230,661	$1,230,661	+4.47%
2024/25	$27,248,000	$12,261,600	$10,946,070	10.762%	$1,178,016	$1,178,016	+4.16%
2023/24	$27,073,000	$12,182,850	$10,677,150	10.592%	$1,130,924	$1,130,924	+3.05%
2022/23	$25,518,000	$11,483,100	$10,308,330	10.646%	$1,097,425	$1,097,425	+29.40%
2021/22	$17,524,000	$7,885,800	$7,885,800	10.755%	$848,118	$848,118	-22.48%
2020/21	$24,260,000	$10,917,000	$10,230,887	10.694%	$1,094,091	$1,094,091	+7.56%
2019/20	$23,805,000	$10,712,250	$9,653,894	10.537%	$1,017,231	$1,017,231	+4.66%
2018/19	$22,520,000	$10,134,000	$9,244,357	10.514%	$971,952	$971,952	+4.58%
2017/18	$21,402,538	$9,631,142	$8,839,372	10.514%	$929,372	$929,372	+60.59%
2016/17	$12,572,000	$5,657,400	$5,472,955	10.574%	$578,710	$578,710	+2.09%

Permits

Permit information for 550 5th Avenue, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
03/06/2026	Alteration
01/26/2026	Alteration
09/03/2025	Alteration
02/10/2025	Alteration
09/27/2024	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	09/03/2019	Ll2604s-sprinkler
	09/20/2017	Aeuhaz1-fail to certify class 1
	09/15/2017	Evcat1-elevator annual inspection / test

*Most recent DOB violations on record for this property.

Listings

Commercial listings at 550 5th Avenue, New York, NY 10036

Photo	Listing Type	Property Type	Price	Sq. ft.	Listing Date	Last Updated
	For Lease	General Office	Listing price not available	68,029	03/17/2018	07/28/2026	View listing

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

6th Ave & 47th St at SE Corner

Station lines

B-D-F-M

Distance (miles)

0.18

View subway map

Access the detailed traffic volume map for 550 5th Avenue, New York, NY 10036 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 550 5th Avenue, New York, NY

10001, New York City, NY 10018, New York City, NY 10019, 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 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 550 5th Avenue, New York, NY 10036?

The development at 550 5th Avenue, New York, NY 10036 was built in 1940.

What is the market value of 550 5th Avenue, New York, NY 10036?

The current market value of 550 5th Avenue, New York, NY 10036 is $30,878,000.

What is the total square footage of 550 5th Avenue, New York, NY 10036?

550 5th Avenue, New York, NY 10036 has a total of 55,779 square feet.

What is the price per square foot for this property?

$449 per square foot is the price for 550 5th Avenue, New York, NY 10036.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

How many active listings does 550 5th Avenue, New York, NY 10036 have?

This address has 1 active listing(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

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.