$5,750,000 Sold Jun 2026 · Unit 15D/E
$57,691,000 Assessed value
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| Building size | 154,575 sq ft |
|---|---|
| Building dimensions | 95 × 141 ft |
| Stories | 19 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 8,136 sq ft |
| Year built | 1949 |
| Lot dimensions | 94.5 × 153.17 ft |
|---|---|
| Lot area | 14,870 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 91 |
|---|---|
| Zoning | R10 |
| Building class | D4 |
| Ownership | Co-op building |
| Construction | Limestone / Aluminum (landmarks record) |
| Block / lot | Block 1498 / Lot 69 |
| Built FAR | 10.40 |
|---|---|
| Max residential FAR | 10.00 |
| Max facility FAR | 10.00 |
| Last recorded sale | $5,750,000 (Jun 2026) |
|---|---|
| Assessed value | $57,691,000 |
| Tax class | 2 |
| Annual property tax | $2,672,595 |
| Exemptions / abatements | 1056 FIFTH AVENUE CORP |
| Rent regulated | Co-op |
Terms on this page, explained →
1056 5 Avenue was built in 1949 — roughly 77 years old. This is a co-op building with 87 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 1,777 sq ft (building area divided by apartment count — individual units vary). For property-tax purposes it falls under Class 2 (residential buildings with four or more units, condos and co-ops), taxed at 12.439% of a taxable value based on 45% of the city’s income-derived market value. The corporation pays one building-wide tax bill — about $2,672,595 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $30,719 per apartment per year, though larger apartments carry more shares (and many primary residents get the co-op/condo abatement on top). The most recent recorded sale in the building was unit 15D/E, for $5,750,000 in Jun 2026.
City landmark records describe it as a Modern apartment building dating to 1948 - 1949, originally used as residential, multi-family. It was designed by George F. Pelham, Jr. for Simon Brothers. It stands within the Expanded Carnegie Hill Historic District.
The building is built out to essentially the full residential density its zoning allows (10.40 of 10.00 FAR), so there is little room to expand under current rules. This lot is associated with a co-op; individual apartments are owned as shares and taxed through the building.
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Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.