New York City  »  10019  »  5th Ave  »  650 5th Ave

Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019 - Property report

Also known as: 642-648 5th Ave

Property image for Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019
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Property type

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

Year built

1977

Lot sq. ft.

13,625

Sale price

$435,000,000

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
Pahlavi Foundation Building
Primary address
Pahlavi Foundation Building - 650 5th Avenue
Alternate address(es)
2 W 52nd St
642-648 5th Ave
ZIP code
10019
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01267-0041

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
336,010
Building dimensions
97 ft x 150 ft
Buildings on lot
1
Stories
36
Year built
1977
Building material
Sales
Sale date
03/18/2026
Sale price
$435,000,000
Tax
Tax year
2026-2027
Property tax
$11,870,926
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
97.42 ft x 149.96 ft
Lot sq. ft.
13,625

Area overview

Walk score
97 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
89 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.35 Miles
Closest fire station
0.40 Miles

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

Ownership

Ownership information for Pahlavi Foundation Building - 650 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 Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019

Sale date Sale price Buyer name Seller name
03/18/2026 $435,000,000 XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX XXXX XXXXX XXXXXXXXXX
03/18/2026 $174,000,000 XXXX XXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/06/2026 - R Initial UCC1
(2026032600732012)		 XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX XXX XXX XXXXXXXXXX XXXXX
04/16/2026 - R
03/18/2026 - D		 Memorandum of Lease
(2026041600102001)		 XXX XXXXX XXXXXX XXXXX XXX XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX
04/06/2026 - R
03/18/2026 - D		 Agreement
(2026032600732014)		 XXX XXX XXXXXXXXXX XXXXX XXX XXX XXXX XXXXXXX XXX
04/06/2026 - R
03/18/2026 - D		 Agreement
(2026032600732013)		 XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX XXX XXX XXXXXXXXXX XXXXX
04/06/2026 - R
03/18/2026 - D		 Mortgage
(2026032600732011)		 XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX XXX XXX XXXXXXXXXX XXXXX
04/06/2026 - R
03/18/2026 - D		 Assignment of Lease
(2026032600732010)		 XXXX XXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX
04/06/2026 - R
03/18/2026 - D		 Assignment of Lease
(2026032600732009)		 XXXX XXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX
04/06/2026 - R
03/18/2026 - D		 Assignment of Lease
(2026032600732008)		 XXXX XXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX
04/06/2026 - R
03/18/2026 - D		 Assignment of Lease
(2026032600732007)		 XXXX XXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX
04/06/2026 - R
03/18/2026 - D		 Deed
(2026032600732006)		 XXXX XXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXX XXXXXX XXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Pahlavi Foundation Building - 650 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
$11,870,926
Municipal exemptions
Recent tax assessments
Market value
$253,288,900
Assessed value
$113,980,000

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 $244,444,400 $110,000,000 $102,615,110 10.848% $11,131,687 $11,131,687 +0.73%
2024/25 $256,593,000 $115,466,850 $102,687,210 10.762% $11,051,198 $11,051,198 +3.93%
2023/24 $239,672,000 $107,852,400 $100,393,840 10.592% $10,633,716 $10,633,716 -0.24%
2022/23 $234,035,000 $105,315,750 $100,127,430 10.646% $10,659,566 $10,659,566 +24.03%
2021/22 $177,572,000 $79,907,400 $79,907,400 10.755% $8,594,041 $8,594,041 -22.20%
2020/21 $233,097,000 $104,893,650 $103,294,940 10.694% $11,046,361 $11,046,361 +11.11%
2019/20 $231,111,100 $103,999,995 $94,351,640 10.537% $9,941,832 $9,941,832 +19.72%
2018/19 $224,231,000 $100,903,950 $78,979,818 10.514% $8,303,938 $8,303,938 +12.38%
2017/18 $209,622,222 $94,330,000 $70,279,028 10.514% $7,389,137 $7,389,137 +11.53%
2016/17 $198,333,333 $89,250,000 $62,657,898 10.574% $6,625,446 $6,625,446 +20.88%
Permits

Permit information for Pahlavi Foundation Building - 650 5th Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
07/23/2026 Alteration
07/23/2026 Alteration
07/23/2026 Alteration
07/20/2026 Alteration
07/20/2026 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
11/12/2019 Ll2604s-sprinkler
11/05/2019 E-elevator elevatorrequired
11/05/2019 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 & 53rd St at SW Corner
Station lines
E-M
Distance (miles)
0.057
View subway map

Access the detailed traffic volume map for Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019 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 Pahlavi Foundation Building - 650 5th Avenue, New York, NY

580 5th Ave, New York 24 W 45th St, New York 6 E 46th St, New York 424 Madison Ave, New York 30 Rockefeller Plz, New York 11 W 42nd St, New York 301 W 89th St, New York 31 W 52nd St, New York 325 W 88th St, New York 1 Grand Army Plz, New York 401 W 79th St, New York 1 W 53rd St, New York 61 W 56th St, New York 511 5th Ave, New York 42 W 58th St, New York 422 Madison Ave, New York 500 5th Ave, New York 605 W End Ave, New York 57 W 56th St, New York 171 Riverside Dr, New York

Nearby ZIP codes for Pahlavi Foundation Building - 650 5th Avenue, New York, NY

10001, New York City, NY 10018, New York City, NY 10020, New York City, NY 10023, New York City, NY 10036, New York City, NY 10069, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10171, New York City, NY 10172, New York City, NY 10173, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019?

The development at Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019 was built in 1977.

What is the market value of Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019?

The current market value of Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019 is $253,288,900.

What is the total square footage of Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019?

Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019 has a total of 336,010 square feet.

What is the price per square foot for this property?

$1,294 per square foot is the price for Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 67.

How many active listings does Pahlavi Foundation Building - 650 5th Avenue, New York, NY 10019 have?

This address has 5 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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