New York City » 10019 » 5th Ave » 720 5th Ave

720 5th Avenue, New York, NY 10019 - Property report

Also known as: 720 5th Ave

Property image for 720 5th Avenue, New York, NY 10019

Property type

Office with Commercial 7-19 Stories (O6)

Year built

1954

Lot sq. ft.

7,553

Sale price

$397,395,000

General information

Address

Primary address

720 5th Avenue

Alternate address(es)

1 W 56th St
720-722 5th Ave

ZIP code

10019

Neighborhood

Central Midtown

Borough

Manhattan

Block & lot

01272-0034

Building

Property type

Office with Commercial 7-19 Stories (O6)

Building sq. ft.

113,292

Building dimensions

50 ft x 125 ft

Buildings on lot

Stories

Year built

1954

Building material

Sales

Sale date

12/19/2023

Sale price

$397,395,000

Tax

Tax year

2026-2027

Property tax

$5,726,469

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

50.42 ft x 125 ft

Lot sq. ft.

7,553

Area overview

Walk score

99 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

83 /100. Very Bikeable

School district

Community district

Closest police station

0.42 Miles

Closest fire station

0.39 Miles

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

Ownership

Ownership information for 720 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 720 5th Avenue, New York, NY 10019

Sale date	Sale price	Buyer name	Seller name
12/19/2023	$397,395,000	XXX XXXXX XXX, XXX	XXX XXXXX XXX X XXX
10/20/2006	$153,000,000	XXX XXXXX XXX X XXX	XXX XXXXX XXX XXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
01/03/2024 - R 12/19/2023 - D	Deed (2023122900700001)	XXX XXXXX XXX X XXX	XXX XXXXX XXX XXX
06/05/2021 - R	Initial UCC1 (2021052700739003)	XXX XXXXX XXX X XXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
06/14/2021 - R 05/25/2021 - D	Agreement (2021060801353001)	XXX XXXXX XXX X XXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
06/05/2021 - R 05/25/2021 - D	Agreement (2021052700739002)	XXX XXXXX XXX X XXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
06/05/2021 - R 05/25/2021 - D	Termination of Lease or Memo (2021052700739001)	XXX XXXXX XXX X XXX	XXX XXXXX XX XXX
02/18/2021 - R	UCC3 Continuation (2021021701551001)	XXX XXXXX XXX X XXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
07/29/2016 - R	Initial UCC1 (2016071801034006)	XXX XXXXX XX XXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
07/29/2016 - R	UCC3 Termination (2016071801034003)	XXX XXXXX XXX X XXX	XXXXX XXXXX XXXX X X
07/29/2016 - R 07/11/2016 - D	Agreement (2016071801034005)	XXX XXXXX XX XXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
07/29/2016 - R 07/11/2016 - D	Mortgage (2016071801034004)	XXX XXXXX XX XXX	XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 720 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

$5,726,469

Municipal exemptions

Recent tax assessments

Market value

$123,588,000

Assessed value

$55,614,600

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	$119,805,000	$53,912,250	$51,651,330	10.848%	$5,603,136	$5,603,136	+2.38%
2024/25	$118,092,000	$53,141,400	$50,854,880	10.762%	$5,473,002	$5,473,002	+0.96%
2023/24	$124,839,000	$56,177,550	$51,179,510	10.592%	$5,420,934	$5,420,934	+1.98%
2022/23	$110,955,600	$49,930,020	$49,930,000	10.646%	$5,315,548	$5,315,548	-19.63%
2021/22	$136,652,000	$61,493,400	$61,493,400	10.755%	$6,613,615	$6,613,615	-7.13%
2020/21	$168,137,000	$75,661,650	$66,592,110	10.694%	$7,121,360	$7,121,360	-1.74%
2019/20	$171,704,000	$77,266,800	$68,782,046	10.537%	$7,247,564	$7,247,564	+11.35%
2018/19	$169,058,000	$76,076,100	$61,908,656	10.514%	$6,509,076	$6,509,076	+24.65%
2017/18	$158,838,000	$71,477,100	$49,664,300	10.514%	$5,221,705	$5,221,705	+29.09%
2016/17	$139,604,000	$62,821,800	$38,254,370	10.574%	$4,045,017	$4,045,017	+26.87%

Permits

Permit information for 720 5th Avenue, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
12/30/2025	Alteration
09/04/2025	Alteration
04/03/2025	Alteration
04/02/2025	Alteration
02/27/2025	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
	11/17/2020	E-elevator elevatorrequired
	11/17/2020	E-elevator elevatorrequired
	09/06/2019	Acc1-(other BLDGS types) - elevator affirmation of correction elevatorrequired

*Most recent DOB violations on record for this property.

Listings

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

Grand Army Plaza & Central Park South at SW Corner

Station lines

N-Q-R

Distance (miles)

0.14

View subway map

Access the detailed traffic volume map for 720 5th Avenue, 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 720 5th Avenue, 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 720 5th Avenue, New York, NY 10019?

The development at 720 5th Avenue, New York, NY 10019 was built in 1954.

What is the market value of 720 5th Avenue, New York, NY 10019?

The current market value of 720 5th Avenue, New York, NY 10019 is $123,588,000.

What is the total square footage of 720 5th Avenue, New York, NY 10019?

720 5th Avenue, New York, NY 10019 has a total of 113,292 square feet.

What is the price per square foot for this property?

$3,507 per square foot is the price for 720 5th Avenue, New York, NY 10019.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 18.

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.