Office building with commercial space · Union Square, Manhattan

118 Fifth Avenue

New York, NY 10011

118 Fifth Avenue is an 11-floor office building with commercial space in Union Square, Manhattan, built in 1906, with about 60,000 square feet of office space according to city records.

Also at 118-120 Fifth Avenue and 1 West 17th Street.

Office space
60K SF
Floors
11
Year built
1906
Zoning
C6-4M

The 37th largest of the 41 office buildings we track in Union Square. Compare it with 6 neighbors

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Compared with its neighbors

How 118 Fifth Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 118 Fifth Avenue ranks 6th of 7 by office floor area. It went up in 1906; the median neighbor dates from 1904. Its estimated property tax, about $15.78 a square foot of floor area before abatements, is below the neighbors' median of $27.05.

118 Fifth Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
118 Fifth AvenueThis building60K SF111906$15.78
122 Fifth Avenue1 min walk223K SF111900$30.22
Merchants' Exchange Building, 114 Fifth Avenue1 min walk329K SF181909$28.32
126 Fifth Avenue1 min walk74K SF151906$10.66
101 Fifth Avenue1 min walk55K SF111909$25.78
Judge Building, 110 Fifth Avenue1 min walk135K SF111890$29.39
130 Fifth Avenue1 min walk104K SF111903$24.26
The 37th largest of the 41 office buildings we track in Union Square: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
118-120 Fifth Avenue; 1 West 17th Street
ZIP code
10011
Building type
Office building with commercial space (city class O6)
Total floor area
65,857 SF
Commercial floor area
65,857 SF
Office
60,257 SF
Retail
5,600 SF
Height
11 floors
Average floor
About 6,000 SF (floor area divided by floors)
Year built
1906
Last major alteration
1987
Lot area
5,727 SF
Zoning district
C6-4M
Built FAR
11.5
Max commercial FAR
10
Historic district
Ladies' Mile Historic District
Tax lot (BBL)
1008190037

Nearest subway

  • 14 St-Union Sq4 min walk · Accessible station
  • 14 St4 min walk · Accessible station · connects to 6 Av
  • 23 St5 min walk · Not accessible

Nearby large buildings

All 101 large office buildings on Fifth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered one storefront at 118 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2024
1
Vacant that day
0
Share vacant across Union Square
10.6%
Share vacant along Fifth Avenue
12.6%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 2019None registered
  • 20200 of 1
  • 20210 of 1
  • 20220 of 1
  • 20230 of 1
  • 20240 of 1

Bars show the share of the lot's registered storefronts that stood vacant.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-02. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 120 FEE LLC as the owner of record. For tax year 2026/27 the city values 118 Fifth Avenue at $22.9 million and assesses it at $10.3 million. After phase-ins and exemptions its taxable value is $9.58 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $1.04 million a year before abatements, roughly $15.78 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
120 FEE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$22,902,000
Land market value
$4,000,000
Assessed value
$10,305,900
Taxable value (phased in)
$9,581,630
Estimated yearly tax
About $1.04 million
Tax per SF of floor area
About $15.78

City market value by tax year

  • 2022/23$25.3 million
  • 2023/24$26.9 million
  • 2024/25$22.4 million
  • 2025/26$18 million
  • 2026/27$22.9 million

Market value fell 10% from 2022/23 ($25.3 million) to 2026/27.

How Union Square compares: property tax per SF across NYC neighborhoods

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-02; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

NYC property records (ACRIS)

Sales history

118 Fifth Avenue last sold in May 2012 for $29.4 million, according to the deed recorded with the city. 120 FIFTH AVENUE ASSOCIATES sold it to 120 FEE LLC. That comes to about $446 per square foot of floor area.

Last sale (deed date)
May 22, 2012
Price
$29,362,124
Price per SF of floor area
About $446
Seller
120 FIFTH AVENUE ASSOCIATES
Buyer
120 FEE LLC
Deed recorded
June 15, 2012
ACRIS document
2012053100244001
All 6 building sales in Union Square since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

118 Fifth Avenue reported an ENERGY STAR score of 75 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 60.4 kBtu per square foot, 31% below the national median of 87.1 for a similar property. Its greenhouse gas emissions were about 374 metric tons of CO2e (5.64 kg per square foot).

ENERGY STAR score (2024)
75 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
60.4 kBtu/SF
National median for the type
87.1 kBtu/SF
Greenhouse gas emissions
374 t CO2e
Emissions per SF
5.64 kg CO2e
Floor area in the filing
66,269 SF
ENERGY STAR certified
2024

ENERGY STAR score by year

  • 202279 (B)
  • 202372 (B)
  • 202475 (B)

Energy sources in 2024

  • Electricity65%
  • Natural gas35%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-02; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to September 2026, the Department of Buildings issued first permits for 3 jobs at 118 Fifth Avenue. In the last two years, interior work was permitted on 3 floors (floors 4, 9 and 10). The newest build-out, on floor 9, was first permitted in May 2026 (construction; filed cost estimate $60,000).

New jobs, last 12 months
3
Initial permits, last 12 months
3
Newest job first permitted
May 2026
Interior build-outs, last 24 months
3
Floors with interior work, last 24 months
4, 9 and 10

Recent build-outs

  • Floor 9May 2026Construction; est. $60,000
  • Floor 4May 2026Construction; est. $60,000
  • Floor 10October 2025Construction; est. $60,000; signed off

New jobs by year

  • 20217
  • 20221
  • 20231
  • 20245
  • 20251
  • 2026 to date2

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

Landmarks Preservation Commission records

Architecture and history

118 Fifth Avenue was designed by John B. Snook & Sons and built in 1905-1906 in the neo-Renaissance style. It stands in the Ladies' Mile Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
John B. Snook & Sons
Constructed
1905-1906
Style
neo-Renaissance
Primary material
Limestone
Built as
Store and lofts

Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.

Office space nearby in Union Square

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Union Square yet. These labeled examples show what tenants post. List a space in 118 Fifth Avenue and we match it against every new one automatically.

Before you sign

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Questions about 118 Fifth Avenue

How big is 118 Fifth Avenue?

118 Fifth Avenue has about 66,000 square feet of floor area in total, including 60,000 square feet of office and 6,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 118 Fifth Avenue built?

The Landmarks Preservation Commission's building records date 118 Fifth Avenue to 1905-1906, designed by John B. Snook & Sons. The building is 11 floors tall.

Who designed 118 Fifth Avenue?

John B. Snook & Sons, according to the Landmarks Preservation Commission's building records, which list the style as neo-Renaissance and its original use as store and lofts.

What other addresses does 118 Fifth Avenue have?

City records list 118-120 Fifth Avenue and 1 West 17th Street on the same tax lot (BBL 1008190037) as 118 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 118 Fifth Avenue?

118 Fifth Avenue is in ZIP code 10011, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 118 Fifth Avenue, New York, NY 10011, in Union Square.

What is the zoning at 118 Fifth Avenue?

The lot is in the C6-4M zoning district. PLUTO lists a built floor area ratio (FAR) of 11.5 and a maximum commercial FAR of 10 for this lot. It is inside the Ladies' Mile Historic District, so exterior changes go through the Landmarks Preservation Commission.

What subway station is closest to 118 Fifth Avenue?

The closest subway station to 118 Fifth Avenue is 14 St-Union Sq (the 4, 5, 6, L, N, Q, R and W trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 14 St (the 1, 2, 3, F, M and L trains, connected to 6 Av), 4 min walk; 23 St (the R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 118 Fifth Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 120 FEE LLC as the owner of record of 118 Fifth Avenue (BBL 1008190037). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

When was 118 Fifth Avenue last sold?

118 Fifth Avenue last sold in May 2012 for $29.4 million, according to the deed recorded with the city. 120 FIFTH AVENUE ASSOCIATES sold it to 120 FEE LLC. That comes to about $446 per square foot of floor area. The deed is ACRIS document 2012053100244001 (BBL 1008190037) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

What is the energy grade of 118 Fifth Avenue?

118 Fifth Avenue reported an ENERGY STAR score of 75 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 75 earns a B. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 60.4 kBtu per square foot, 31% below the national median of 87.1 for a similar property. Its greenhouse gas emissions were about 374 metric tons of CO2e (5.64 kg per square foot).

Is there construction at 118 Fifth Avenue?

In the 12 months to September 2026, the Department of Buildings issued first permits for 3 jobs at 118 Fifth Avenue. In the last two years, interior work was permitted on 3 floors (floors 4, 9 and 10). The newest build-out, on floor 9, was first permitted in May 2026 (construction; filed cost estimate $60,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008190037. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 118 Fifth Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.58 million for 118 Fifth Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.04 million a year, roughly $15.78 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008190037 show the actual bill.

What is the assessed value of 118 Fifth Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 118 Fifth Avenue at $22.9 million ($4 million of it land) and its assessed value at $10.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 10% from 2022/23 ($25.3 million) to 2026/27.

Are there vacant storefronts at 118 Fifth Avenue?

Owners registered one storefront at 118 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 118 Fifth Avenue?

No space at 118 Fifth Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

1,677 buildings from city records

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