New York City  »  10017  »  5th Ave  »  501 5th Ave

Bankers Trust Building - 501 5th Avenue, New York, NY 10017 - Property report

Also known as: 2-10 E 42nd St

Property image for Bankers Trust Building - 501 5th Avenue, New York, NY 10017
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Property type

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

Year built

1917

Lot sq. ft.

7,325

Sale price

$15,792,259

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Bankers Trust Building
Primary address
Bankers Trust Building - 501 5th Avenue
Alternate address(es)
2-10 E 42nd St
495-501 5th Ave
ZIP code
10017
Neighborhood
Murray Hill
Borough
Manhattan
Block & lot
01276-0069

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
132,961
Building dimensions
73 ft x 95 ft
Buildings on lot
1
Stories
21
Year built
1917
Building material
Sales
Sale date
01/06/2006
Sale price
$15,792,259 - M
Tax
Tax year
2026-2027
Property tax
$1,935,436
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
73.25 ft x 100 ft
Lot sq. ft.
7,325

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
86 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.56 Miles
Closest fire station
0.13 Miles

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

Ownership

Ownership information for Bankers Trust Building - 501 5th 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 Bankers Trust Building - 501 5th Avenue, New York, NY 10017

Sale date Sale price Buyer name Seller name
01/06/2006 $15,792,259 XXX XXXXXXXXXXX XXX XXX, XXX, XX XXXXXX XX XXX XXXXXX XXXXXXXXXXXX XXX XXXXXXXXXXXX XX XXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/01/2023 - R UCC3 Termination
(2023020100547001)		 XXX XXXX XXXXXX XXXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
02/01/2023 - R
01/31/2023 - D		 Agreement
(2023020100547005)		 XXXXXXXX XXXXX XXXX X X XXX XXXXX XXXXXX XXXXXXX XXX
02/01/2023 - R
01/31/2023 - D		 Mortgage
(2023020100547004)		 XXX XXXXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXX XXXX X X
02/01/2023 - R
01/31/2023 - D		 Assignment, Mortgage
(2023020100547003)		 XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXXXXXX XXXXX XXXX X X
01/22/2018 - R UCC3 Continuation
(2018011900372001)		 XXX XXXXX XXXXXX XXXXXXX XXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
06/10/2016 - R
05/19/2016 - D		 Sundry Miscellaneous
(2016052400496001)		 XXX XXXXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXXXX XXXXXXX XXX
09/25/2013 - R UCC3 Assignment
(2013090500691002)		 XXX XXXXX XXXXXX XXXXXXX XXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
09/25/2013 - R
08/28/2013 - D		 Assignment, Mortgage
(2013090500691001)		 XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
02/01/2023 - R
08/16/2013 - D		 Power of Attorney
(2023020100547002)		 XXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXXXXX XXXX XXXXXXXX
07/01/2013 - R UCC3 Termination
(2013061300545004)		 XXX XXXXX XXXXXX XXXXXXX XXX XXXXXXX XXXX X X XX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Bankers Trust Building - 501 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
$1,935,436
Municipal exemptions
Recent tax assessments
Market value
$41,774,000
Assessed value
$18,798,300

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 $37,310,000 $16,789,500 $16,789,500 10.848% $1,821,325 $1,821,325 -6.23%
2024/25 $40,479,000 $18,215,550 $18,047,420 10.762% $1,942,263 $1,942,263 +2.32%
2023/24 $39,826,000 $17,921,700 $17,921,700 10.592% $1,898,266 $1,898,266 -3.85%
2022/23 $41,212,000 $18,545,400 $18,545,400 10.646% $1,974,343 $1,974,343 +18.76%
2021/22 $34,349,000 $15,457,050 $15,457,050 10.755% $1,662,406 $1,662,406 -24.83%
2020/21 $47,024,000 $21,160,800 $20,678,940 10.694% $2,211,406 $2,211,406 +4.75%
2019/20 $46,992,000 $21,146,400 $20,036,177 10.537% $2,111,212 $2,111,212 +4.39%
2018/19 $46,620,000 $20,979,000 $19,236,077 10.514% $2,022,481 $2,022,481 +6.32%
2017/18 $46,150,000 $20,767,500 $18,092,276 10.514% $1,902,222 $1,902,222 +7.49%
2016/17 $42,980,000 $19,341,000 $16,736,776 10.574% $1,769,747 $1,769,747 +4.36%
Permits

Permit information for Bankers Trust Building - 501 5th Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
07/21/2026 Alteration
07/21/2026 Alteration
07/06/2026 Alteration
06/25/2026 Alteration
03/05/2026 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
12/01/2023 Egrade-failure to post energy grade/score none
08/02/2022 Bench-failure to benchmark none
12/08/2021 E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
5th Ave & 42nd St at SW Corner
Station lines
B-D-F-M-7
Distance (miles)
0.027
View subway map

Access the detailed traffic volume map for Bankers Trust Building - 501 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

Neighbors for Bankers Trust Building - 501 5th Avenue, New York, NY

120 Park Ave, New York 505 5th Ave, New York 6 E 43rd St, New York 330 Madison Ave, New York 300 Madison Ave, New York 299 Madison Ave, New York 1 E 42nd St, New York 1 Vanderbilt Ave, New York 521 5th Ave, New York 3 E 43rd St, New York 20 E 42nd St, New York 315 Madison Ave, New York 489 5th Ave, New York 41 E 41st St, New York 301 Madison Ave, New York 90 E 42nd St, New York 18 E 42nd St, New York 60 E 42nd St, New York

Nearby ZIP codes for Bankers Trust Building - 501 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 Bankers Trust Building - 501 5th Avenue, New York, NY 10017?

The development at Bankers Trust Building - 501 5th Avenue, New York, NY 10017 was built in 1917.

What is the market value of Bankers Trust Building - 501 5th Avenue, New York, NY 10017?

The current market value of Bankers Trust Building - 501 5th Avenue, New York, NY 10017 is $41,774,000.

What is the total square footage of Bankers Trust Building - 501 5th Avenue, New York, NY 10017?

Bankers Trust Building - 501 5th Avenue, New York, NY 10017 has a total of 132,961 square feet.

What is the price per square foot for this property?

$118 per square foot is the price for Bankers Trust Building - 501 5th Avenue, New York, NY 10017.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 132.

How many active listings does Bankers Trust Building - 501 5th Avenue, New York, NY 10017 have?

This address has 9 active listing(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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