Want · Office
Series B fintech needs 8,000 to 12,000 SF
Posted by the tenant · Fintech
- Where
- Midtown South, Flatiron +1
- Size
- 8,000 to 12,000 SF
- Budget
- to $85/SF
- Move in
- Jan 2027
Near subwayHigh ceilings
Owners: got a fit?I have a fit
Commercial condominium · Flatiron, Manhattan
162 Fifth Avenue
New York, NY 10010
162 Fifth Avenue is a 12-floor commercial condominium in Flatiron, Manhattan, built in 1930, with about 92,000 square feet of office space according to city records.
Also at 1-3 West 21st Street.
- Office space
- 92K SF
- Floors
- 12
- Year built
- 1930
- Zoning
- C6-4M
The 46th largest of the 75 office buildings we track in Flatiron. Compare it with 6 neighbors
No space at 162 Fifth Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 162 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 162 Fifth Avenue ranks 4th of 7 by office floor area. Built in 1930, it is the newest of them. Its estimated property tax, about $5.65 a square foot of floor area before abatements, is below the neighbors' median of $12.82.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 162 Fifth Avenue | 92K SF | 12 | 1930 | $5.65 |
| Mohawk Building, 160 Fifth Avenue | 91K SF | 9 | 1892 | $13.68 |
| 12 West 21st Street | 50K SF | 12 | 1907 | $9.81 |
| 15 West 21st Street | 117K SF | 12 | 1910 | $10.52 |
| Presbyterian Building, 154 Fifth Avenue | 169K SF | 14 | 1895 | $18.96 |
| Bradish Johnson Building, 149 Fifth Avenue | 166K SF | 16 | 1918 | $17.65 |
| Spinning Wheel Building, 3 West 22nd Street | 81K SF | 10 | 1901 | $11.96 |
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 address
- 1-3 West 21st Street
- ZIP code
- 10010
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 114,503 SF
- Commercial floor area
- 114,503 SF
- Office
- 92,308 SF
- Retail
- 13,084 SF
- Height
- 12 floors
- Average floor
- About 9,500 SF (floor area divided by floors)
- Year built
- 1930
- Lot area
- 10,100 SF
- Zoning district
- C6-4M
- Built FAR
- 11.34
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1008237506
Nearest subway
- 23 St
- 23 St
- 23 St-Baruch College
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 Department of Finance records
Owner, property tax and assessed value
162 Fifth Avenue is a condominium of 13 tax lots. 162 FIFTH AVENUE ASSOCIATES LLC owns the units that make up 99% of its market value. For tax year 2026/27 the city values 162 Fifth Avenue at $44.5 million and assesses it at $20 million. After phase-ins and exemptions its taxable value is $5.97 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 $647,380 a year before abatements, roughly $5.65 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.
- Largest unit owner
- 162 FIFTH AVENUE ASSOCIATES LLC (99% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $44,505,400
- Land market value
- $4,000,000
- Assessed value
- $20,027,431
- Taxable value (phased in)
- $20,026,912
- Exemptions
- $14,059,173
- Estimated yearly tax
- About $647,380
- Tax per SF of floor area
- About $5.65
- Condominium tax lots
- 13
- Owners of record
- 1
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 13 condominium tax lots; 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 energy benchmarking (Local Law 84)
Energy use and emissions
162 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 194 kBtu per square foot, 5.6 times the national median of 34.6 for a similar property. Its greenhouse gas emissions were about 2,540 metric tons of CO2e (20.82 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Other - Technology/Science
- Site energy use intensity
- 194 kBtu/SF
- National median for the type
- 34.6 kBtu/SF
- Greenhouse gas emissions
- 2,540 t CO2e
- Emissions per SF
- 20.82 kg CO2e
- Floor area in the filing
- 121,988 SF
Energy sources in 2024
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.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 162 Fifth Avenue in the 12 months to September 2026; the last one was first permitted in April 2025. In the last two years, interior work was permitted on 4 floors (floors 1 to 4 and the cellar). The newest build-out, on floors 1 to 4 and the cellar, was first permitted in November 2024 (construction; filed cost estimate $86,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- April 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 to 4, cellar
Recent build-outs
New jobs by year
Build-outs across FlatironWhere NYC offices are being built out
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.
Office space nearby in Flatiron
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 Flatiron yet. These labeled examples show what tenants post. List a space in 162 Fifth Avenue and we match it against every new one automatically.
Want · Office
Startup seeking furnished sublease
Posted by the tenant · Software
- Where
- Flatiron, Midtown South +1
- Size
- 6,000 to 11,000 SF
- Budget
- to $60/SF
- Move in
- Nov 2026
Furnished
Owners: got a fit?I have a fit
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
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Questions about 162 Fifth Avenue
How big is 162 Fifth Avenue?
162 Fifth Avenue has about 115,000 square feet of floor area in total, including 92,000 square feet of office and 13,000 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 162 Fifth Avenue built?
City records list 1930 as the year built. The building is 12 floors tall.
What other addresses does 162 Fifth Avenue have?
City records list 1-3 West 21st Street on the same tax lot (BBL 1008237506) as 162 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 162 Fifth Avenue?
162 Fifth Avenue is in ZIP code 10010, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 162 Fifth Avenue, New York, NY 10010, in Flatiron.
What is the zoning at 162 Fifth Avenue?
The lot is in the C6-4M zoning district. PLUTO lists a built floor area ratio (FAR) of 11.34 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 162 Fifth Avenue?
The closest subway station to 162 Fifth Avenue is 23 St (the R and W trains), about 500 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 23 St (the F and M trains), 4 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 162 Fifth Avenue?
162 Fifth Avenue is a condominium of 13 tax lots. 162 FIFTH AVENUE ASSOCIATES LLC owns the units that make up 99% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1008237506). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Does 162 Fifth Avenue have an energy grade?
162 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 194 kBtu per square foot, 5.6 times the national median of 34.6 for a similar property. Its greenhouse gas emissions were about 2,540 metric tons of CO2e (20.82 kg per square foot).
Is there construction at 162 Fifth Avenue?
The Department of Buildings issued no permits for new jobs at 162 Fifth Avenue in the 12 months to September 2026; the last one was first permitted in April 2025. In the last two years, interior work was permitted on 4 floors (floors 1 to 4 and the cellar). The newest build-out, on floors 1 to 4 and the cellar, was first permitted in November 2024 (construction; filed cost estimate $86,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008237506. 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 162 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.97 million for 162 Fifth Avenue (the sum of its 13 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $647,380 a year, roughly $5.65 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008237506 show the actual bill.
What is the assessed value of 162 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 162 Fifth Avenue at $44.5 million ($4 million of it land) and its assessed value at $20 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 8% from 2022/23 ($48.3 million) to 2026/27.
Is there office space for lease at 162 Fifth Avenue?
No space at 162 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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Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Flatiron
Transit hubs in Flatiron
- R W at 23 St
- 4 5 6 L N Q R W at 14 St-Union Sq
- F M at 23 St