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The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 Property Information

The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 2
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Address

Building name The Sherry-Netherland
Primary address The Sherry-Netherland - 781 5th Avenue
Secondary address 779-783 5th Ave
Neighborhood Lenox Hill
Zip code 10022
Borough Manhattan
Block & lot 01374-0001

Sales & Tax Overview for 781 5th Avenue, New York

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Purchase date 06/10/2008
Purchase price $250,000
Tax class

Lot & Building Information for 781 5th Avenue, New York

Lot sqft 12,500
Lot dimensions 100 ft x 125 ft
Building class Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4) i
Building sqft 314,509
Building dimensions 100 ft x 125 ft
Buildings on lot 1
Stories 38
Year built 1927
Year last altered 2018
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Zoning & Use for 781 5th Avenue, New York

Zoning
Residential units (DOF) 169
Commercial units 6
Residential 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 8
Closest police station 0.47 Miles
Closest fire station 0.43 Miles
Walk Icon
99 /100
Walker's Paradise Walk Score
Transit Icon
100 /100
Rider's Paradise Transit Score
Bike Icon
79 /100
Very Bikeable Bike Score

Building Description

Consistently voted one of the top hotels in the US, The Sherry Netherland is a New York icon thanks in large part to the sidewalk clock on 5th Avenue that marks its main entrance. It's located directly across the street from the main entrance to Central Park. Thirty-eight stories tall, it encompasses 314,500 sq ft of living space, with 169 residential units and six commercial units. Now a co-op with a few remaining hotel rooms, it opened as the world's largest apartment complex in 1927.

Its lobby was modeled after the library at the Vatican and its rooms feature L'Occitane toiletries, privies by Laurent D, and flat-panel LCD televisions. White-gloved elevator attendants bring an air of yester-year, and the full concierge service includes exclusive seating to area theater and professional sports tickets. In-room massage therapy services are available in all of the 50 guest rooms, many of which possess unobstructed views of Central Park. In 1981, it was officially designated a New York City landmark. The zoned school PS 183 is just a few block away, and residents can catch the N, Q and R lines right across the street at Grand Army Plaza.

Other Property Data for 781 5th Avenue, New York

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Floor area ratio (FAR) for The Sherry-Netherland - 781 5th Avenue, New York, NY 10022, 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 The Sherry-Netherland - 781 5th Avenue, New York, NY 10022, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 779-783 5th Ave, New York, NY 10022
  • 1-3 E 59th St, New York, NY 10022

About 781 5th Avenue, New York

What is the year built & the total sq. ft. for The Sherry-Netherland - 781 5th Avenue, New York, NY 10022?

The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 was built in 1927 and has a total of 314,509 square feet.

What is the assessed value of The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 and the property tax paid?

Assessed at $47,177,550, the tax amount paid for The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 is $5,742,041.

When was The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 last sold?

The Sherry-Netherland - 781 5th Avenue, New York, NY 10022 was last sold in 08/10/2021.

How many residential units does this building have?

This building has 169 residential unit(s) and 6 commercial spaces.

Ownership Information for 781 5th Avenue, New York

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Property owner name for The Sherry-Netherland - 781 5th Avenue, New York, NY 10022
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Building contacts for The Sherry-Netherland - 781 5th Avenue, New York, NY 10022
Building management:
Representatives (from permits):
Tenants:


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Past Sales & Property History for 781 5th Avenue, New York

Create a free account to view the complete sales history for 781 5th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
06/10/2008 $250,000
06/01/2005 $112,000
11/09/2004 $113,568
       
       
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*Here are the three most recent sales for this property.

Title Documents for 781 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
01/08/2024 - D
01/12/2024 - R
Both RPTT and RETT
(2024011100264001)
06/01/2022 - R UCC3 continuation
(2022060100671001)
09/29/2021 - R UCC3 continuation
(2021092801001001)
08/10/2021 - D
08/27/2021 - R
Both RPTT and RETT
(2021082000820001)
05/08/2021 - D
06/21/2021 - R
Agreement
(2021061601065001)
08/05/2020 - R Initial UCC1
(2020080500637002)
07/02/2020 - D
08/05/2020 - R
Mortgage
(2020080500637001)
02/26/2020 - R Initial UCC1
(2020022501324002)
12/16/2019 - D
02/26/2020 - R
Mortgage
(2020022501324001)
08/17/2017 - R UCC3 continuation
(2017081700138001)
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R: Recorded date
D: Document date

Property Taxes for 781 5th Avenue, New York

Access detailed property tax data for The Sherry-Netherland - The Sherry-Netherland - 781 5th Avenue, New York, NY 10022. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2024-2025
Property tax: $5,829,068
Tax assessor's market value: $104,839,000
Assessed value: $47,177,550
Exemptions granted by city:

Assessment History for 781 5th Avenue, New York

Here's the assessment & property tax history for 781 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 $104,683,000 $47,107,350 $46,531,730 12.502% $5,817,687 $5,713,161 +2.38%
2022/23 $103,773,000 $46,697,850 $46,437,610 12.267% $5,696,795 $5,580,129 +6.97%
2021/22 $96,868,000 $43,590,600 $43,588,140 12.235% $5,333,310 $5,216,637 -6.25%
2020/21 $107,291,000 $48,280,950 $45,360,620 12.267% $5,564,680 $5,564,387 +3.73%
2019/20 $104,430,000 $46,993,500 $43,006,910 12.473% $5,364,543 $5,364,252 +4.18%

Permits for 781 5th Avenue, New York

The complete history of permits filed for 781 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
08/21/2024 Alteration
07/26/2024 Alteration
06/25/2024 Alteration
05/28/2024 Alteration
05/15/2024 Alteration
05/15/2024 Alteration
05/06/2024 Alteration
04/02/2024 Alteration
04/01/2024 Alteration
04/01/2024 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 Q2/2024
$573
-13.9% YoY
Median Price/Sqft Q1/2024
$612
-11.9% YoY
Median Price/Sqft 2023
$659
-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 5th Ave & 60th St at SE Corner
Station lines N-Q-R
Distance (miles) 0.029
View subway map
Bus Routes
Name 5 Av/W 59 St
Line M1
Distance (miles) 0.027

Neighbors for 781 5th Avenue, New York

Here are the neighbors for The Sherry-Netherland - The Sherry-Netherland - 781 5th Avenue, New York, NY 10022.

Address Square feet Purchase date Purchase price
510 Park Ave, New York 132,926
900 Main St, New York 661,538
20 E 60th St, New York 48,562 09/05/2013
55 E 59th St, New York 305,297
33 Sutton Pl, New York 3,200 09/11/1996
3 Riverview Ter, New York 4,274 08/26/2021 $6,993,000
14 E 60th St, New York 152,749 11/21/1980
785 5th Ave, New York 174,780
4 Riverview Ter, New York 3,935 12/08/2017 $7,650,000
57 E 59th St, New York 8,795 12/20/2001
25 Sutton Pl, New York 63,000
26 E 60th St, New York 6,600 06/14/1974
7 Sutton Sq, New York 8,779 08/21/2023 $26,100,000
6 Riverview Ter, New York 4,097 11/09/1992
36 E 60th St, New York 7,540 06/14/1974
35 Sutton Pl, New York 247,000 08/20/2004 $900,000
5 Riverview Ter, New York 4,392 05/14/1996
5 E 59th St, New York 38,052 02/28/2024 $26,682,500
4 E 60th St, New York 50,519
31 Sutton Pl, New York 2,880 07/30/2021 $5,600,000
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