Financial
Distress signals
Property profile

389 5th Ave New York, NY 10016

OFF-MARKET
Banks
Property ID
US63-2268187
122,686 SF 0.23 ac lot Built 1930
Last sale Dec 2025 · $2,481,446
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Built in 1922, this 12-story corner office building is located in New York City between the Grand Central and Nomad submarkets. It contains approximately 123,195 rentable square feet of office and showroom space, with windows on three sides. The building has undergone a renovation that included a new lobby, new elevators, renovated corridors, and updated bathrooms throughout. Tenant access is provided 24 hours a day via a card-key system and an attended lobby. The property includes directly

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$1.07M
Tax billed · 2024
Assessed value$11.34M
Assessed land$4.50M
Assessed improvement$6.84M
Effective rate9.45%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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: Pet Grooming Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pet Grooming Service5.0
Laundromat3.9
Buffet2.6

Location

389 5th Ave New York, NY 10016-3320
County assessor Recorded deeds · 4 transfers 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
89 Madison, New York, NY 10016-7803 $65,000,000 Jun 2024 146,161 SF
148-150 Madison, New York, NY 10016 $31,331,875 Jun 2024 71,871 SF
650 1st, New York, NY 10016-3240 $33,500,000 Mar 2023 98,400 SF
147-149 Madison, New York, NY 10016 $77,000,000 Feb 2023 119,006 SF
33 33rd, New York, NY 10016-5335 $80,000,000 Sep 2022 126,383 SF
303 Lexington, New York, NY 10016-3165 $89,792,308 May 2022 179,142 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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