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489 5th Avenue, New York, NY 10017 - Property report

Also known as: 12 E 42nd St

Property image for 489 5th Avenue, New York, NY 10017

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1971

Lot sq. ft.

7,947

General information

Address

Primary address

489 5th Avenue

Alternate address(es)

12 E 42nd St
487-489 5th Ave
487-493 5th Ave

ZIP code

10017

Neighborhood

Murray Hill

Borough

Manhattan

Block & lot

01276-0004

Building

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Building sq. ft.

163,763

Building dimensions

51 ft x 100 ft

Buildings on lot

Stories

Year built

1971

Sales

Sale date

01/17/2017

Sale price

$1,000,000

Tax

Tax year

2026-2027

Property tax

$3,446,312

Tax class

Zoning & Use

Zoning

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

51 ft x 100 ft

Lot sq. ft.

7,947

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Current built area

163,788 sq. ft.

Buildable area

Area overview

Walk score

99 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

88 /100. Very Bikeable

School district

Community district

Closest police station

0.56 Miles

Closest fire station

0.14 Miles

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

Ownership

Ownership information for 489 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 489 5th Avenue, New York, NY 10017

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
06/27/2023 - R	UCC3 Continuation (2023062601197001)	XXX XXXXXX XXX	XXX XXXX XX XXX XXXX XXXXXX
04/13/2022 - R 01/31/2022 - D	NYC Real Property Transfer Tax (2022022301299001)	XXXXXXXX XXXXXXX	XXXXXXX XXXX X X
01/24/2019 - R 11/30/2018 - D	Assignment of Leases and Rents (2019012200899002)	XXX XXXXXX XXX	XXX XXXX XX XXX XXXX XXXXXX
01/24/2019 - R 11/30/2018 - D	Agreement (2019012200899001)	XXX XXXXXX XXX	XXX XXXX XX XXX XXXX XXXXXX
11/16/2018 - R	Initial UCC1 (2018111500929001)	XXX XXXXXX XXX	XXX XXXX XX XXX XXXX XXXXXX
02/16/2017 - R 01/17/2017 - D	NYC Real Property Transfer Tax (2017012501503001)	XXXXXXX XXXXX XXXXXXXX XXX	XXXXXX XXXXXXXXXXX XX XXX
10/04/2023 - R 06/17/2016 - D	NYC Real Property Transfer Tax (2017011100776001)	XXXXX XXXXX XXXXXXXXXX XXX	XXXXXXXX XXXXXXXXXX XXX
06/10/2016 - R 05/19/2016 - D	Sundry Miscellaneous (2016052400496001)	XXX XXXXX XXXXXX XXXXXXX XXX	XXXXXXXX XXXXXXX XXXXXXX XXX
11/19/2015 - R 11/02/2015 - D	Agreement (2015111300191001)	XXXXXXXX XXXXXX XXXXXXXXXX X X	XXX XXXX XX XXX XXXX XXXXXX
06/26/2013 - R	UCC3 Amendment (2013062600473001)	XXX XXXXXX XXX	XXX XXXX XX XXX XXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 489 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

$3,446,312

Municipal exemptions

Recent tax assessments

Market value

$70,598,000

Assessed value

$31,769,100

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	$89,436,000	$40,246,200	$34,926,930	10.848%	$3,788,873	$3,788,873	+0.14%
2024/25	$88,902,000	$40,005,900	$35,155,710	10.762%	$3,783,458	$3,783,458	-4.84%
2023/24	$83,412,000	$37,535,400	$37,535,400	10.592%	$3,975,750	$3,975,750	+11.36%
2022/23	$74,523,000	$33,535,350	$33,535,350	10.646%	$3,570,173	$3,570,173	+4.76%
2021/22	$70,416,000	$31,687,200	$31,687,200	10.755%	$3,407,958	$3,407,958	-15.94%
2020/21	$91,978,000	$41,390,100	$37,912,710	10.694%	$4,054,385	$4,054,385	+7.86%
2019/20	$97,009,000	$43,654,050	$35,674,688	10.537%	$3,759,042	$3,759,042	+9.42%
2018/19	$85,352,000	$38,408,400	$32,673,878	10.514%	$3,435,332	$3,435,332	+6.85%
2017/18	$81,779,000	$36,800,550	$30,579,458	10.514%	$3,215,124	$3,215,124	+7.11%
2016/17	$69,454,000	$31,254,300	$28,388,498	10.574%	$3,001,800	$3,001,800	+4.50%

Permits

Permit information for 489 5th Avenue, New York, NY

Filing date	Job type	Job status	Job description	Initial cost
03/17/2026	Alteration type 3
12/08/2025	Alteration
05/13/2025	Alteration
04/09/2025	Alteration
11/11/2024	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
	11/19/2020	E-elevator elevatorrequired
	11/19/2020	E-elevator elevatorrequired
	09/06/2019	Acc1-(other BLDGS types) - elevator affirmation of correction

*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

5th Ave & 42nd St at SW Corner

Station lines

B-D-F-M-7

Distance (miles)

0.034

View subway map

Access the detailed traffic volume map for 489 5th Avenue, New York, NY 10017 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 489 5th Avenue, New York, NY

10016, New York City, NY 10020, New York City, NY 10022, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, 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 489 5th Avenue, New York, NY 10017?

The development at 489 5th Avenue, New York, NY 10017 was built in 1971.

What is the market value of 489 5th Avenue, New York, NY 10017?

The current market value of 489 5th Avenue, New York, NY 10017 is $70,598,000.

What is the total square footage of 489 5th Avenue, New York, NY 10017?

489 5th Avenue, New York, NY 10017 has a total of 163,763 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 37.

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.