$475,000 Sold Jun 2026 · Unit 1C
$3,697,000 Assessed value
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| Building size | 39,888 sq ft |
|---|---|
| Building dimensions | 75 × 102 ft |
| Stories | 6 |
| Basement / garden level | Yes — below ground |
| Sq ft per floor | 6,648 sq ft |
| Year built | 1940 |
| Lot dimensions | 74.92 × 110 ft |
|---|---|
| Lot area | 8,241 sq ft |
| FEMA flood zone | X — minimal risk |
| Units | 48 |
|---|---|
| Zoning | R7-2 |
| Building class | D4 |
| Ownership | Co-op building |
| Block / lot | Block 1724 / Lot 33 |
| Built FAR | 4.84 |
|---|---|
| Max residential FAR | 3.44 |
| Max facility FAR | 6.50 |
| Last recorded sale | $475,000 (Jun 2026) |
|---|---|
| Assessed value | $3,697,000 |
| Tax class | 2 |
| Annual property tax | $206,941 |
| Exemptions / abatements | 1 WEST 126TH STREET HDFC (expires ~2030), 1 WEST 126TH ST HDFC |
| Rent regulated | Yes |
Terms on this page, explained →
2042 5 Avenue was built in 1940 — roughly 86 years old. This is a co-op building with 48 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 831 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 $206,941 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $4,311 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 1C, for $475,000 in Jun 2026.
The building already exceeds what current residential zoning would allow (4.84 built FAR vs. a residential maximum of 3.44) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules. Those figures are for residential use — a community-facility use (a doctor’s office, clinic, or school) raises the ceiling to 6.50 FAR. City records indicate this building is rent-regulated, which limits rent increases and affects both income potential and tenant protections.
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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.