1271 Avenue of the Americas

The former Time & Life Building is at 1271 Avenue of the Americas, New York, NY 10020, in Midtown.

1271 Avenue of the Americas has about 2 million square feet of floor area in total, including 1.8 million square feet of office, 122,000 square feet of retail and 74,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1961 as the year built, with a major alteration recorded in 2016. The building is 47 floors tall.

Part of its interior is. The Landmarks Preservation Commission designated part of the interior of the Time & Life Building an interior landmark on July 16, 2002 (LP-02119). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

City records list 1261-1277 Avenue of the Americas, 101-133 West 50th Street and 100-130 West 51st Street on the same tax lot (BBL 1010030029) as 1271 Avenue of the Americas. A space listed on Leasemark at any of these addresses shows up on this page.

1271 Avenue of the Americas is in ZIP code 10020, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1271 Avenue of the Americas, New York, NY 10020, in Midtown.

The lot is in the C6-6.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 23.84 and a maximum commercial FAR of 12 for this lot.

The closest subway station to 1271 Avenue of the Americas is 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), about 700 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 7 Av (the B, D and E trains), 3 min walk; 49 St (the N, R and W trains), 3 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists ROCKEFELLER CTR NORTH INC as the owner of record of 1271 Avenue of the Americas (BBL 1010030029). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 1271 Avenue of the Americas. One public company reports the address as its principal executive office: AMERICAN INTERNATIONAL GROUP, INC. (AIG). 7 investment managers and funds file 13F holdings reports from the address, including BESSEMER INVESTMENT MANAGEMENT LLC; Lalia Capital, LLC; and Mizuho Americas LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

1271 Avenue of the Americas reported an ENERGY STAR score of 85 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 85 earns an A. 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 77.8 kBtu per square foot, 39% below the national median of 128 for a similar property. Its greenhouse gas emissions were about 14,592 metric tons of CO2e (7.43 kg per square foot).

At its 2024 energy use, 1271 Avenue of the Americas comes to about 10,679 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 16,188 tons for 2024 to 2029 (66% of the limit), so it would owe no penalty. From 2030 the limit drops to 6,461 tons and the same energy use counts as about 6,630 tons, about 168 tons over, or an estimated $45,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

In the 12 months to October 2026, the Department of Buildings issued first permits for 35 jobs at 1271 Avenue of the Americas. In the last two years, interior work was permitted on 14 floors (floors 1 to 5, 8, 18 to 24 and 45, the cellar, the mezzanine and the sub-cellar). The newest build-out, on floor 8, was first permitted in October 2026 (construction, structural; filed cost estimate $90,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010030029. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $442.4 million for 1271 Avenue of the Americas. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $48 million a year, roughly $24.45 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010030029 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 1271 Avenue of the Americas at $1.08 billion ($296.2 million of it land) and its assessed value at $488 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($872.4 million) to 2026/27.

Owners registered 6 storefronts at 1271 Avenue of the Americas for December 31, 2025, the newest annual filing the city has published, and none stood 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.

No space at 1271 Avenue of the Americas is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.