$475,000 Sold Jun 2026
$3,697,000 Assessed value
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| Building size | 39,888 sq ft |
|---|---|
| Building dimensions | 75 × 102 ft |
| Stories | 6 |
| Sq ft per floor | 6,648 sq ft |
| Year built | 1940 |
| Lot dimensions | 74.92 × 110 ft |
|---|---|
| Lot area | 8,241 sq ft |
| Units | 48 |
|---|---|
| Zoning | R7-2 |
| Building class | D4 |
| 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 |
2042 5 Avenue was built in 1940 — roughly 86 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 $206,941 per year ($17,245/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $475,000 in Jun 2026.
The building uses about 74% of the density its zoning allows (4.84 built FAR vs. a maximum of 6.50) — roughly 13,680 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. 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.