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720 5th Avenue, New York, NY 10019

720 5th Avenue, New York, NY 10019

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  • Contacts
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Address

Primary address 720 5th Avenue
Secondary address 720-722 5th Ave
Neighborhood Central Midtown
Zip code 10019
Borough Manhattan
Block & lot 01272-0034

Sales & Tax Overview for 720 5th Avenue, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 12/19/2023
Purchase price $397,395,000
Tax class
Estimated property tax $5,488,963

Lot & Building Information for 720 5th Avenue, New York

Lot sqft 7,553
Lot dimensions 50.42 ft x 125 ft
Building class Office with Commercial 7-19 Stories (O6) i
Building sqft 113,292
Building dimensions 50 ft x 125 ft
Buildings on lot 1
Stories 15
Year built 1954
Construction type

Zoning & Use for 720 5th Avenue, New York

Zoning
Commercial units 18
Office sqft
Retail sqft

Area Overview

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

School district 2
Community district 5
Closest police station 0.42 Miles
Closest fire station 0.39 Miles
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Other Property Data for 720 5th Avenue, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 720 5th Avenue, New York, NY 10019, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 720 5th Avenue, New York, NY 10019, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 720-722 5th Ave, New York, NY 10019
  • 1 W 56th St, New York, NY 10019

About 720 5th Avenue, New York

How many sq. ft. does 720 5th Avenue, New York, NY 10019 have & what is the price per sq. ft?

This Office with Commercial 7-19 Stories (O6) located at 720 5th Avenue, New York, NY 10019 has a total of 113,292 square feet and a current price per square foot of $3,507.

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

720 5th Avenue, New York, NY 10019 was built in 1954 and has a current tax assessor's market value of $124,839,000.

How many commercial spaces does this building have?

This building has 18 commercial spaces available for lease. There are 1 active listings at this address.

Ownership Information

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Property owner for 720 5th Avenue, New York, NY 10019
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Building contacts for 720 5th Avenue, New York, NY 10019
Building management:
Representatives (from permits):
Tenants:


Office Spaces for Lease in 720 5th Avenue, New York

No photo available
720 5th Avenue
Listing type For Lease
Listing date 02/10/2021
Last updated 03/05/2021
Lot size 0.17 Acre
View Listing

Brokers

Steven Pressler
Spaces
Suite name Space type Lease rate Available space Brokers
# Not Known Office / Medical Listing price not available 9,790 Steven Pressler
Active Listings For This Property:
For Lease No photo available
720 5th Avenue
720 5th Avenue, New York
Property Office
Availability 1 Spaces listed / 9790 Sqft
Price Listing price not available
Real Estate Reports:
Eliza Theiss, May 13, 2024 Introduction to Condominium Offering Plans
Condominium offering plans are a prerequisite for the public offering or sales of condominiums and must be approved by the Department of Law.

Past Sales & Property History for 720 5th Avenue, New York

Create a free account to view the complete sales history for 720 5th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
12/19/2023 $397,395,000
10/20/2006 $153,000,000
       
       
       
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Title Documents for 720 5th Avenue, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
12/19/2023 - D
01/03/2024 - R
Deed
(2023122900700001)
06/05/2021 - R Initial UCC1
(2021052700739003)
05/25/2021 - D
06/14/2021 - R
Agreement
(2021060801353001)
05/25/2021 - D
06/05/2021 - R
Agreement
(2021052700739002)
05/25/2021 - D
06/05/2021 - R
Termination of lease or memo
(2021052700739001)
02/18/2021 - R UCC3 continuation
(2021021701551001)
07/29/2016 - R Initial UCC1
(2016071801034006)
07/29/2016 - R UCC3 termination
(2016071801034003)
07/11/2016 - D
07/29/2016 - R
Agreement
(2016071801034005)
07/11/2016 - D
07/29/2016 - R
Mortgage
(2016071801034004)
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R: Recorded date
D: Document date

Property Taxes for 720 5th Avenue, New York

Access detailed property tax data for 720 5th Avenue, New York, NY 10019. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2023-2024
Property tax: $5,420,934
Estimated property tax: $5,488,963
Tax assessor's market value: $124,839,000
Assessed value: $56,177,550

Assessment History for 720 5th Avenue, New York

Here's the assessment & property tax history for 720 5th Avenue, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate% Base tax Property tax Year over year change
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%

Permits for 720 5th Avenue, New York

The complete history of permits filed for 720 5th Avenue, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
01/26/2024 No work
01/23/2024 Alteration
08/10/2023 Alteration
06/27/2023 Alteration
03/08/2021 Alteration
09/02/2020 Alteration
08/26/2020 Alteration type 3
08/19/2020 Alteration
08/12/2020 Alteration
07/09/2020 Alteration
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Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2024
$605
-12.8% YoY
Median Price/Sqft Q4/2023
$672
-8.5% YoY
Median Price/Sqft 2023
$662
-6.2% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Grand Army Plaza & Central Park South at SW Corner
Station lines N-Q-R
Distance (miles) 0.14
View subway map
Bus Routes
Name 5 Av/W 56 St
Distance (miles) 0.017

Neighbors for 720 5th Avenue, New York

Here are the neighbors for 720 5th Avenue, New York, NY 10019.

Address Square feet Purchase date Purchase price
10 W 57th St, New York 81,174 12/09/2015 $6,967,907
50 W 57th St, New York 73,732 01/19/2006 $51,700,000
15 W 56th St, New York 54,959 11/24/1998
24 W 57th St, New York 88,722 12/28/2016 $6,649,555
6 W 57th St, New York 15,500 10/01/1995
40 W 57th St, New York 712,000 11/01/2017 $28,050,000
56 W 57th St, New York 09/10/2003 $8,730,000
57 W 57th St, New York 143,914 10/28/2004 $25,000,000
11 W 56th St, New York 9,447 12/17/2015
60 W 57th St, New York 303,642 11/14/2003
17 W 56th St, New York 9,912 12/24/2009 $7,900,000
19 W 56th St, New York 09/06/2007 $15,000,000
29 W 56th St, New York 17,129 12/30/1986
30 W 57th St, New York 34,300 01/31/2008 $56,500,000
41 W 56th St, New York 10,338 07/30/2004 $7,500,000
23 W 56th St, New York 9,925 11/15/2001
39 W 56th St, New York 13,471 06/29/2007 $58,548,186
16 W 57th St, New York 20,800 05/13/2016 $128,000,000
20 W 57th St, New York 07/18/2007 $60,000,000
52 W 57th St, New York 9,616 12/03/1998
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