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985 5th Avenue, New York, NY 10075 Property Information

985 5th Avenue, New York, NY 10075 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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985 5th Avenue, New York, NY 10075 2
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Address

Primary address 985 5th Avenue
Neighborhood Carnegie Hill
Zip code 10075
Borough Manhattan
Block & lot 01491-0004

Sales & Tax Overview for 985 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 11/18/2024
Purchase price $10,500,000
Tax class
Estimated property tax $2,655,061

Lot & Building Information for 985 5th Avenue, New York

Lot sqft 10,384
Lot dimensions 76.5 ft x 115 ft
Building class Elevator Apartment - Fireproof with Stores (D6) i
Building sqft 102,053
Building dimensions 77 ft x 78 ft
Buildings on lot 1
Stories 25
Year built 1969
Year last altered 2024
Construction type
Status
Status date
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Zoning & Use for 985 5th Avenue, New York

Zoning
Residential units (DOF) 46
Regulated units
Commercial units 1
Residential sqft
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 8
Closest police station 0.62 Miles
Closest fire station 0.41 Miles

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

Other Property Data for 985 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 985 5th 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 985 5th Avenue, New York, NY 10075, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 985 5th Avenue, New York

How many sq. ft. does 985 5th Avenue, New York, NY 10075 have & what is the price per sq. ft?

This Elevator Apartment - Fireproof with Stores (D6) located at 985 5th Avenue, New York, NY 10075 has a total of 102,053 square feet and a current price per square foot of $102.

What is the year built & the current market value of 985 5th Avenue, New York, NY 10075?

985 5th Avenue, New York, NY 10075 was built in 1969 and has a current tax assessor's market value of $48,674,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 985 5th Avenue, New York

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Property owner name for 985 5th Avenue, New York, NY 10075
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Building contacts for 985 5th Avenue, New York, NY 10075
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 985 5th Avenue, New York

Create a free account to view the complete sales history for 985 5th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/18/2024 $10,500,000
05/20/2022 $10,597,190
       
       
       
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Title Documents for 985 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
07/30/2025 - D
08/04/2025 - R
Zoning Lot Description
(2025080100960002)
07/29/2025 - D
08/04/2025 - R
Certificate
(2025080100960001)
11/18/2024 - D
11/26/2024 - R
Deed
(2024112500902001)
05/20/2022 - D
06/01/2022 - R
Deed
(2022052001055001)
02/10/2016 - R UCC3 Amendment
(2016020100564010)
02/10/2016 - R UCC3 Amendment
(2016020100564009)
02/10/2016 - R Initial UCC1
(2016020100564008)
01/27/2016 - D
02/10/2016 - R
Termination of Assign of L&R
(2016020100564007)
01/27/2016 - D
02/10/2016 - R
Termination of Assign of L&R
(2016020100564006)
01/27/2016 - D
02/10/2016 - R
Assignment of Leases and Rents
(2016020100564005)
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R: Recorded date
D: Document date

Property Taxes for 985 5th Avenue, New York

Access detailed property tax data for 985 5th 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: $2,595,828
Estimated property tax: $2,655,061
Tax assessor's market value: $48,674,000
Assessed value: $21,903,300

Assessment History for 985 5th Avenue, New York

Here's the assessment & property tax history for 985 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
2025/26 $48,674,000 $21,903,300 $20,868,460 12.439% $2,595,828 $2,595,828 -3.25%
2024/25 $48,753,000 $21,938,850 $21,465,190 12.5% $2,683,149 $2,683,149 -1.13%
2023/24 $48,618,000 $21,878,100 $21,707,420 12.502% $2,713,862 $2,713,862 +1.12%
2022/23 $48,620,000 $21,879,000 $21,879,000 12.267% $2,683,897 $2,683,897 +2.22%
2021/22 $47,687,000 $21,459,150 $21,459,150 12.235% $2,625,527 $2,625,527 -8.84%

Permits for 985 5th Avenue, New York

The complete history of permits filed for 985 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
07/30/2025 Alteration type 3
04/09/2025 Full demolition
05/08/2024 Alteration
04/15/2024 Full demolition
01/08/2024 Full demolition
01/08/2024 Full demolition
01/04/2024 Full demolition
12/08/2023 New building
11/30/2023 New building
11/30/2023 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 Q3/2025
$611
-10.5% YoY
Median Price/Sqft Q2/2025
$625
5.3% YoY
Median Price/Sqft 2024
$620
-4.2% 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 Lexington Ave & 77th St at NW Corner
Station lines 6
Distance (miles) 0.29
View subway map
Bus Routes
Name E 79 ST/5 Av
Line M79
Distance (miles) 0.026

Neighbors for 985 5th Avenue, New York

Here are the neighbors for 985 5th Avenue, New York, NY 10075.

Address Square feet Purchase date Purchase price
19 E 79th St, New York 8,313 01/23/1980
980 5th Ave, New York 202,777 04/23/1976
527 E 78th St, New York 44,364 05/24/2017 $1,500,000
17 E 79th St, New York 7,012 08/10/2015
504 E 79th St, New York 48,432 05/24/2017 $1,500,000
536 E 79th St, New York 44,952 05/24/2017 $1,500,000
542 E 79th St, New York 54,792 05/24/2017 $1,500,000
15 E 79th St, New York 14,651
535 E 78th St, New York 44,364 05/24/2017 $1,500,000
519 E 78th St, New York 44,764 05/24/2017 $1,500,000
9 E 79th St, New York 34,895 04/23/1976
524 E 79th St, New York 44,364 05/24/2017 $1,500,000
21 E 79th St, New York 56,017
516 E 79th St, New York 44,364 05/24/2017 $1,500,000
1042 Madison Ave, New York 4,226 11/20/2012 $36,000,000
510 E 79th St, New York 44,364 05/24/2017 $1,500,000
31 E 79th St, New York 60,947
39 E 79th St, New York 69,585 06/04/2012 $24,500,000
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