Financial
Distress signals
Property profile

689-691 5th Ave New York, NY 10022

OFF-MARKET
Banks
Property ID
US63-1284105
91,210 SF 0.16 ac lot Built 1927
Last sale May 2019 · $68,308,939
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$4.36M
Tax billed · 2024
Assessed value$41.16M
Assessed land$5.18M
Assessed improvement$35.98M
Effective rate10.59%

Value estimate

· Sep 2026
$36.46M
$32.81M – $40.11M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$446/SF
Submarket average, outlier-cleaned · 124 recorded sales of this use type
Observed band · Q1–Q3$90 – $783

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C5-3
This district is designed to provide for office buildings and the great variety of large retail stores and related activities in the cent...
General categoryCOMMERCIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store12.2
Pet Grooming Service8.8
Assisted Living Facility8.5

Location

689-691 5th Ave New York, NY 10022
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
880 3rd, New York, NY 10022-4730 $2,481,446 Dec 2025 140,400 SF
717 5th Averetl, New York, NY 10022-8101 $900,000,000 Dec 2025 80,834 SF
500 Park, New York, NY 10022-1606 $8,537,232 Nov 2024 103,178 SF
401 60th Stretl1, New York, NY 10022-1555 $150,500,000 Jan 2024 93,139 SF
60 56th, New York, NY 10022-3204 $936,206 May 2022 57,312 SF
155 55th, New York, NY 10022-4038 $47,000,000 Jun 2021 137,136 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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