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1487 1st Avenue, New York, NY 10075 Property Information

1487 1st Avenue, New York, NY 10075 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1487 1st Avenue, New York, NY 10075 2
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Address

Primary address 1487 1st Avenue
Secondary address 1493 1st Ave
Neighborhood Lenox Hill
Zip code 10075
Borough Manhattan
Block & lot 01452-0027

Sales & Tax Overview for 1487 1st 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 01/06/2022
Purchase price $73,500,000
Tax class
Estimated property tax $4,320,021

Lot & Building Information for 1487 1st Avenue, New York

Lot sq. ft. 10,050
Lot dimensions 100 ft x 100 ft
Property type Elevator Apartment - Fireproof with Stores (D6)
Building sqft 215,500
Building dimensions 100.5 ft x 100 ft
Buildings on lot 1
Stories 37
Year built 2023
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Zoning & Use for 1487 1st Avenue, New York

Zoning
Residential units (DOF) 146
Regulated units
Commercial units 2
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 8
Closest police station 0.59 Miles
Closest fire station 0.21 Miles

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

Other Property Data for 1487 1st 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 1487 1st Avenue, New York, NY 10075, 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 1487 1st Avenue, New York, NY 10075, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 1493 1st Ave, New York, NY 10075
  • 356-358 E 78th St, New York, NY 10075

About 1487 1st Avenue, New York

How many sq. ft. does 1487 1st Avenue, New York, NY 10075 have & what is the price per sq. ft?

This Elevator Apartment - Fireproof with Stores (D6) located at 1487 1st Avenue, New York, NY 10075 has a total of 215,500 square feet and a current price per square foot of $341.

What is the year built & the current market value of 1487 1st Avenue, New York, NY 10075?

1487 1st Avenue, New York, NY 10075 was built in 2023 and has a current tax assessor's market value of $45,055,000.

How many commercial spaces does this building have?

This building has 2 commercial spaces available for lease. There are 1 active listings at this address.

Ownership Information for 1487 1st Avenue, New York

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Property owner name for 1487 1st Avenue, New York, NY 10075
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Building contacts for 1487 1st Avenue, New York, NY 10075
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 1487 1st Avenue, New York

No photo available
1487 First Avenue
Listing type For Lease
Listing date 02/11/2025
Last updated 04/30/2026
View Listing
Spaces
Suite name Space type Lease rate Available space Brokers
Ground Floor Retail Listing price not available 2,520 Matthew Schuss
Matthew J. Ogle
Active Listings For This Property:
For Lease No photo available
1487 First Avenue
1487 1st Avenue, New York
Property Retail
Availability 1 Spaces listed / 2520 Sqft
Price Listing price not available
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
Explore the key features that professionals should look for when investing in a data provider for commercial real estate comps, follow our step-by-step guide on how to leverage PropertyShark to find comparables, and discover the most frequently asked questions on the topic.
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Past Sales & Property History for 1487 1st Avenue, New York

Create a free account to view the complete sales history for 1487 1st Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
01/06/2022 $73,500,000
12/15/2005 $6,140,000
       
       
       
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Title Documents for 1487 1st 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
03/12/2026 - D
03/13/2026 - R
Declaration
(2026031201009001)
02/05/2026 - D
02/11/2026 - R
Declaration
(2026021000531001)
01/02/2024 - D
01/04/2024 - R
Certificate
(2024010300334001)
10/23/2023 - D
10/31/2023 - R
Easement
(2023103000510001)
09/11/2023 - R Initial UCC1
(2023090700876001)
09/07/2023 - D
09/19/2023 - R
Assignment of Leases and Rents
(2023091800958004)
09/07/2023 - D
09/19/2023 - R
Assignment of Leases and Rents
(2023091800958003)
09/07/2023 - D
09/19/2023 - R
Mortgage
(2023091800958002)
09/07/2023 - D
09/19/2023 - R
Mortgage
(2023091800958001)
11/21/2022 - D
01/25/2023 - R
Declaration
(2023012300578001)
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R: Recorded date
D: Document date

Property Taxes for 1487 1st Avenue, New York

Access detailed property tax data for 1487 1st Avenue, New York, NY 10075. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $2,521,976
Estimated property tax: $4,320,021
Tax assessor's market value: $45,055,000
Assessed value: $20,274,750

Assessment History for 1487 1st Avenue, New York

Here's the assessment & property tax history for 1487 1st 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
2025/26 $45,055,000 $20,274,750 $20,274,750 12.439% $2,521,976 $2,521,976 +628.20%
2024/25 $6,157,000 $2,770,650 $2,770,650 12.5% $346,331 $346,331 -3.45%
2023/24 $6,376,000 $2,869,200 $2,869,200 12.502% $358,707 $358,707 +127.24%
2022/23 $3,401,000 $1,530,450 $1,482,750 10.646% $157,854 $157,854 +1.07%
2021/22 $3,227,000 $1,452,150 $1,452,150 10.755% $156,179 $156,179 +0.98%

Permits for 1487 1st Avenue, New York

The complete history of permits filed for 1487 1st 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
01/09/2026 Alteration
01/09/2026 Alteration
01/09/2026 Alteration
01/09/2026 Alteration
12/09/2025 Alteration
11/14/2025 Alteration
11/11/2025 New building
10/07/2025 Alteration
06/01/2025 Alteration
05/12/2025 New building
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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 Q1/2026
$680
4.4% YoY
Median Price/Sqft Q4/2025
$550
-15.8% YoY
Median Price/Sqft 2025
$607
-2.5% 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 2nd Ave & 72nd St at NW Corner
Station lines Q
Distance (miles) 0.309
View subway map
Bus Routes
Name 1 Av/E 77 St
Line M15
Distance (miles) 0.026

Neighbors for 1487 1st Avenue, New York

Here are the neighbors for 1487 1st Avenue, New York, NY 10075.

Address Square feet Purchase date Purchase price
1485 1st Ave, New York 16,100 01/18/2018 $11,100,000
1483 1st Ave, New York 18,420 12/03/1998
1479 1st Ave, New York 4,500 01/09/2015 $6,000,000
348 E 78th St, New York 7,070 06/16/1983
342 E 78th St, New York 6,015 12/28/2023 $2,272,050
315 E 77th St, New York 43,878 02/23/2004
350 E 78th St, New York 5,080 04/12/1979
341 E 77th St, New York 6,716 04/21/1998
344 E 78th St, New York 4,812 03/19/1998
354 E 78th St, New York 6,748 12/27/2011
352 E 78th St, New York 5,075 10/23/2025
345 E 77th St, New York 43,410 01/20/1984
339 E 77th St, New York 6,716 04/21/1998
337 E 77th St, New York 8,390 01/16/2026 $8,000,000
335 E 77th St, New York 9,265 11/30/2022
325 E 77th St, New York 54,774 01/27/1981
338 E 78th St, New York 7,860 04/09/1979
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