$5,750,000 Sold Jun 2026
$57,691,000 Assessed value
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| Building size | 154,575 sq ft |
|---|---|
| Building dimensions | 95 × 141 ft |
| Stories | 19 |
| Sq ft per floor | 8,136 sq ft |
| Year built | 1949 |
| Lot dimensions | 94.5 × 153.17 ft |
|---|---|
| Lot area | 14,870 sq ft |
| Units | 91 |
|---|---|
| Zoning | R10 |
| Building class | D4 |
| 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 |
1056 5 Avenue was built in 1949 — roughly 77 years old. 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. At the current assessment that works out to about $2,672,595 per year ($222,716/month) before any abatements or exemptions the owner may receive. City records show it last changed hands 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 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.