Office building with commercial space · Flatiron, Manhattan

148 Fifth Avenue

New York, NY 10011

148 Fifth Avenue is an 11-floor office building with commercial space in Flatiron, Manhattan, built in 1890, with about 168,000 square feet of office space according to city records.

Also at 148-152 Fifth Avenue and 2-4 West 20th Street.

Office space
168K SF
Floors
11
Year built
1890
Zoning
C6-4M

Office space next to its nearest neighbors

  1. Goodstein Building1 min walk207K SF
  2. Presbyterian Building1 min walk169K SF
  3. 148 Fifth AvenueThis building168K SF
  4. Bradbury Building1 min walk39K SF

The 23rd largest of the 90 office buildings we track in Flatiron. Compare it with 6 neighbors

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Compared with its neighbors

How 148 Fifth Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 148 Fifth Avenue ranks 3rd of 7 by office floor area. Built in 1890, it is the oldest of them. Its estimated property tax, about $34.48 a square foot of floor area before abatements, is above the neighbors' median of $16.32.

148 Fifth Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
148 Fifth AvenueThis building168K SF111890$34.48Nov 2007, $155M
Bradbury Building, 142 Fifth Avenue1 min walk39K SF101899$12.79n/a
Presbyterian Building, 154 Fifth Avenue1 min walk169K SF141895$18.96n/a
Goodstein Building, 11 West 19th Street1 min walk207K SF111904$20.30Apr 2006, $87M
Mohawk Building, 160 Fifth Avenue1 min walk91K SF91892$13.68n/a
119 Fifth Avenue1 min walk50K SF81906$24.67n/a
137 Fifth Avenue1 min walk36K SF121902$10.76n/a
The 23rd largest of the 90 office buildings we track in Flatiron: 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); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
148-152 Fifth Avenue; 2-4 West 20th Street
ZIP code
10011
Building type
Office building with commercial space (city class O6)
Total floor area
187,536 SF
Commercial floor area
187,536 SF
Office
168,259 SF
Retail
19,277 SF
Height
11 floors
Average floor
About 17,000 SF (floor area divided by floors)
Year built
1890
Last major alteration
2019
Lot area
19,169 SF
Zoning district
C6-4M
Built FAR
9.78
Max commercial FAR
10
Historic district
Ladies' Mile Historic District
Tax lot (BBL)
1008210041

Nearest subway

  • 23 St3 min walk · Not accessible
  • 23 St5 min walk · Not accessible
  • 23 St-Baruch College5 min walk · Accessible station

Nearby large buildings

All 115 large office buildings on Fifth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 3 storefronts at 148 Fifth Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.

Storefronts registered for December 31, 2025
3
Vacant that day
1
Share vacant across Flatiron
11.8%
Share vacant along Fifth Avenue
14.0%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20194 of 5
  • 20202 of 3
  • 20212 of 3
  • 20221 of 3
  • 20231 of 3
  • 20241 of 3
  • 20251 of 3

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

Own or lease out a storefront at 148 Fifth Avenue? Listing it is free, and it is matched against every active requirement for retail space in Flatiron the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 150 5TH AVENUE OFFICE LLC as the owner of record. For tax year 2026/27 the city values 148 Fifth Avenue at $134.9 million and assesses it at $60.7 million. After phase-ins and exemptions its taxable value is $59.6 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 $6.47 million a year before abatements, roughly $34.48 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
150 5TH AVENUE OFFICE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$134,939,000
Land market value
$10,000,000
Assessed value
$60,722,550
Taxable value (phased in)
$59,607,720
Estimated yearly tax
About $6.47 million
Tax per SF of floor area
About $34.48

City market value by tax year

  • 2022/23$125.3 million
  • 2023/24$135.2 million
  • 2024/25$136.8 million
  • 2025/26$135.3 million
  • 2026/27$134.9 million

Market value rose 8% from 2022/23 ($125.3 million) to 2026/27.

How Flatiron compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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.

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NYC property records (ACRIS)

Sales history

148 Fifth Avenue last sold in November 2007 for $155 million, according to the deed recorded with the city. 150 5TH AVE., L.P. sold it to 150 5TH AVENUE OFFICE LLC.

Last sale (deed date)
November 1, 2007
Price
$155,000,000
Seller
150 5TH AVE., L.P.
Buyer
150 5TH AVENUE OFFICE LLC
Deed recorded
November 7, 2007
ACRIS document
2007110200280001

Recorded sales

All 14 building sales in Flatiron since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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

148 Fifth Avenue reported an ENERGY STAR score of 81 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 55.7 kBtu per square foot, 38% below the national median of 90.3 for a similar property. Its greenhouse gas emissions were about 1,163 metric tons of CO2e (5.6 kg per square foot).

ENERGY STAR score (2024)
81 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
55.7 kBtu/SF
National median for the type
90.3 kBtu/SF
Greenhouse gas emissions
1,163 t CO2e
Emissions per SF
5.6 kg CO2e
Floor area in the filing
207,697 SF
ENERGY STAR certified
2015, 2016, 2017, 2018, 2023, 2024

ENERGY STAR score by year

  • 202275 (B)
  • 202389 (A)
  • 202481 (B)

Energy sources in 2024

  • Electricity76%
  • Natural gas24%

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 2026-10-16; 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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 148 Fifth Avenue comes to about 894 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,574 tons for 2024 to 2029 (57% of the limit), so it would owe no penalty. From 2030 the limit drops to 545 tons and the same energy use counts as about 520 tons, still under the limit.

Period
2024 to 2029
Emissions limit
1,574 t CO2e
Estimated emissions
894 t CO2e
Under the limit by
681 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
545 t CO2e
Estimated emissions
520 t CO2e
Under the limit by
25 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 184,869 SF; Retail Store 22,828 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 148 Fifth Avenue? List a space here free and we match it against every active requirement.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 jobs at 148 Fifth Avenue. In the last two years, interior work was permitted on 12 floors (floors 1 to 12 and the cellar). The newest build-out, on floor 3, was first permitted in July 2026 (mechanical; filed cost estimate $123,000).

New jobs, last 12 months
9
Initial permits, last 12 months
9
Newest job first permitted
July 2026
Interior build-outs, last 24 months
14
Floors with interior work, last 24 months
1 to 12, cellar

Recent build-outs

  • Floor 3July 2026Mechanical; est. $123,000
  • Floor 1, cellarApril 2026Construction, Mechanical, Sprinklers, Structural; 4 jobs; est. $1 million
  • Floor 1March 2026Construction, Plumbing; 2 jobs; est. $215,000
  • Floors 1 to 12, cellar, roofJanuary 2026Mechanical; est. $1,000; signed off
  • Floor 1, cellarMay 2025Structural; est. $4 million
  • Floors 2 to 4May 2025Structural; est. $321,000; signed off

The newest 6 of 14 in the last 24 months.

New jobs by year

  • 20212
  • 20222
  • 20234
  • 20246
  • 202512
  • 2026 to date9

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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

148 Fifth Avenue was designed by Edward Hale Kendall and built in 1888-1890 in the Romanesque Revival style. It stands in the Ladies' Mile Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
Edward Hale Kendall
Constructed
1888-1890
Style
Romanesque Revival
Primary material
White brick
Built as
Store and lofts

Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.

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Questions about 148 Fifth Avenue

How big is 148 Fifth Avenue?

148 Fifth Avenue has about 188,000 square feet of floor area in total, including 168,000 square feet of office and 19,000 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 148 Fifth Avenue built?

The Landmarks Preservation Commission's building records date 148 Fifth Avenue to 1888-1890, designed by Edward Hale Kendall. The building is 11 floors tall.

Who designed 148 Fifth Avenue?

Edward Hale Kendall, according to the Landmarks Preservation Commission's building records, which list the style as Romanesque Revival and its original use as store and lofts.

What other addresses does 148 Fifth Avenue have?

City records list 148-152 Fifth Avenue and 2-4 West 20th Street on the same tax lot (BBL 1008210041) as 148 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 148 Fifth Avenue?

148 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 148 Fifth Avenue, New York, NY 10011, in Flatiron.

What is the zoning at 148 Fifth Avenue?

The lot is in the C6-4M zoning district. PLUTO lists a built floor area ratio (FAR) of 9.78 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 148 Fifth Avenue?

The closest subway station to 148 Fifth Avenue is 23 St (the R and W trains), about 850 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 23 St (the F and M trains), 5 min walk; 23 St-Baruch College (the 6 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 148 Fifth Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 150 5TH AVENUE OFFICE LLC as the owner of record of 148 Fifth Avenue (BBL 1008210041). 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 148 Fifth Avenue last sold?

148 Fifth Avenue last sold in November 2007 for $155 million, according to the deed recorded with the city. 150 5TH AVE., L.P. sold it to 150 5TH AVENUE OFFICE LLC. The deed is ACRIS document 2007110200280001 (BBL 1008210041) 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 148 Fifth Avenue?

148 Fifth Avenue reported an ENERGY STAR score of 81 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 81 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 55.7 kBtu per square foot, 38% below the national median of 90.3 for a similar property. Its greenhouse gas emissions were about 1,163 metric tons of CO2e (5.6 kg per square foot).

Does 148 Fifth Avenue meet Local Law 97?

At its 2024 energy use, 148 Fifth Avenue comes to about 894 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,574 tons for 2024 to 2029 (57% of the limit), so it would owe no penalty. From 2030 the limit drops to 545 tons and the same energy use counts as about 520 tons, still under the limit. 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.

Is there construction at 148 Fifth Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 jobs at 148 Fifth Avenue. In the last two years, interior work was permitted on 12 floors (floors 1 to 12 and the cellar). The newest build-out, on floor 3, was first permitted in July 2026 (mechanical; filed cost estimate $123,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008210041. 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 148 Fifth Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $59.6 million for 148 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 $6.47 million a year, roughly $34.48 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008210041 show the actual bill.

What is the assessed value of 148 Fifth Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 148 Fifth Avenue at $134.9 million ($10 million of it land) and its assessed value at $60.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($125.3 million) to 2026/27.

Are there vacant storefronts at 148 Fifth Avenue?

Owners registered 3 storefronts at 148 Fifth Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 148 Fifth Avenue?

No space at 148 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.

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