Office building · Flatiron, Manhattan

Flatiron Building

171 Fifth Avenue, New York, NY 10010

The Flatiron Building (171 Fifth Avenue) is a 21-floor office building in Flatiron, Manhattan, built in 1903, with about 175,000 square feet of office space according to city records.

Also at 941-957 Broadway, 1 East 22nd Street and 171-185 Fifth Avenue.

Office space
175K SF
Floors
21
Year built
1903
Zoning
C6-4M

Office space next to its nearest neighbors

  1. Flatiron BuildingThis building175K SF
  2. Bradish Johnson Building1 min walk166K SF
  3. 162 Fifth Avenue1 min walk92K SF
  4. Spinning Wheel Building1 min walk81K SF

The 21st largest of the 90 office buildings we track in Flatiron. Compare it with 6 neighbors

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Compared with its neighbors

How the Flatiron Building compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, the Flatiron Building ranks 3rd of 7 by office floor area. It went up in 1903; the median neighbor dates from 1914. Its estimated property tax, about $13.47 a square foot of floor area before abatements, is below the neighbors' median of $16.05.

The Flatiron Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
Flatiron Building, 171 Fifth AvenueThis building175K SF211903$13.47
Spinning Wheel Building, 3 West 22nd Street1 min walk81K SF101901$11.96
Bradish Johnson Building, 149 Fifth Avenue1 min walk166K SF161918$17.65
162 Fifth Avenue1 min walk92K SF121930$5.65
928 Broadway2 min walk70K SF121910$15.64
Fifth Avenue Building, 1097 Broadway2 min walk586K SF151909$29.67
Broadway Building, 915 Broadway2 min walk197K SF201926$16.45
The 21st 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). 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

Building name
Flatiron Building
Other addresses
941-957 Broadway; 1 East 22nd Street; 171-185 Fifth Avenue
ZIP code
10010
Building type
Office building (city class O4)
Total floor area
183,449 SF
Commercial floor area
183,449 SF
Office
174,500 SF
Retail
8,949 SF
Height
21 floors
Average floor
About 8,700 SF (floor area divided by floors)
Year built
1903
Last major alteration
1990
Lot area
8,650 SF
Zoning district
C6-4M
Built FAR
21.21
Max commercial FAR
10
Historic district
Ladies' Mile Historic District
Landmark status
Individual landmark
Tax lot (BBL)
1008510001

Nearest subway

  • 23 St1 min walk · Not accessible
  • 23 St-Baruch College4 min walk · Accessible station
  • 23 St4 min walk · Not accessible

Nearby large buildings

All 115 large office buildings on Fifth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses and building name 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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists FLATIRON OWNER LLC as the owner of record. For tax year 2026/27 the city values the Flatiron Building at $52 million and assesses it at $23.4 million. After phase-ins and exemptions its taxable value is $22.8 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 $2.47 million a year before abatements, roughly $13.47 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
FLATIRON OWNER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$51,966,000
Land market value
$14,000,000
Assessed value
$23,384,700
Taxable value (phased in)
$22,783,761
Estimated yearly tax
About $2.47 million
Tax per SF of floor area
About $13.47

City market value by tax year

  • 2022/23$62.3 million
  • 2023/24$66.1 million
  • 2024/25$57.8 million
  • 2025/26$58.7 million
  • 2026/27$52 million

Market value fell 17% from 2022/23 ($62.3 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

The Flatiron Building reported an ENERGY STAR score of 89 out of 100 for 2022 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 46.5 kBtu per square foot, 50% below the national median of 92.4 for a similar property. Its greenhouse gas emissions were about 695 metric tons of CO2e (3.6 kg per square foot).

ENERGY STAR score (2022)
89 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
46.5 kBtu/SF
National median for the type
92.4 kBtu/SF
Greenhouse gas emissions
695 t CO2e
Emissions per SF
3.6 kg CO2e
Floor area in the filing
193,000 SF

Energy sources in 2022

  • Fuel oil65%
  • Electricity34%
  • Natural gas1%

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 (2022 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.

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 7 jobs at the Flatiron Building. In the last two years, interior work was permitted on 23 floors (floors 1 to 23, the cellar and the sub-cellar). The newest build-out, on floor 12, was first permitted in September 2026 (construction; filed cost estimate $1,000). A sidewalk shed permit here is active until January 21, 2027.

New jobs, last 12 months
7
Initial permits, last 12 months
13
Newest job first permitted
September 2026
Interior build-outs, last 24 months
4
Floors with interior work, last 24 months
1 to 23, cellar, sub-cellar
Facade and sidewalk jobs, last 24 months
3
Sidewalk shed permit
Active until Jan 21, 2027

Recent build-outs

  • Floor 12September 2026Construction; est. $1,000; signed off
  • Floor 22June 2026Construction, Boiler; est. $2,000; signed off
  • Floors 1 to 23, cellar, sub-cellarMarch 2026Plumbing; est. $120,000; signed off
  • Floor 1, cellarMarch 2025Construction; est. $190,000; signed off

New jobs by year

  • 20214
  • 20220
  • 202313
  • 202411
  • 20253
  • 2026 to date6

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

The Flatiron Building was designed by D. H. Burnham & Company (architect), George A. Fuller Co. (bldr) and built in 1902-1903 in the Beaux-Arts style. The Landmarks Preservation Commission designated it a New York City landmark on September 20, 1966.

Architect
D. H. Burnham & Company (architect), George A. Fuller Co. (bldr)
Constructed
1902-1903
Style
Beaux-Arts
Primary material
Limestone
Built as
Offices and lofts
City landmark
Flatiron Building: individual landmark, designated September 20, 1966 (LP-00219)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and 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 Flatiron Building

How big is the Flatiron Building?

The Flatiron Building has about 183,000 square feet of floor area in total, including 175,000 square feet of office and 9,000 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 the Flatiron Building built?

The Landmarks Preservation Commission's building records date the Flatiron Building to 1902-1903, designed by D. H. Burnham & Company (architect), George A. Fuller Co. (bldr). The building is 21 floors tall.

Who designed the Flatiron Building?

D. H. Burnham & Company (architect), George A. Fuller Co. (bldr), according to the Landmarks Preservation Commission's building records, which list the style as Beaux-Arts and its original use as offices and lofts.

Is the Flatiron Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Flatiron Building an individual landmark on September 20, 1966 (LP-00219). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Flatiron Building?

The Flatiron Building is at 171 Fifth Avenue in Flatiron, Manhattan. City records list 941-957 Broadway, 1 East 22nd Street and 171-185 Fifth Avenue on the same tax lot (BBL 1008510001). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 171 Fifth Avenue?

171 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 Flatiron Building is at 171 Fifth Avenue, New York, NY 10010, in Flatiron.

What is the zoning at the Flatiron Building?

The lot is in the C6-4M zoning district. PLUTO lists a built floor area ratio (FAR) of 21.21 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 the Flatiron Building?

The closest subway station to the Flatiron Building is 23 St (the R and W trains), about 150 feet away in a straight line, roughly 1 minute on foot. Also nearby: 23 St-Baruch College (the 6 train), 4 min walk; 23 St (the F and M trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Flatiron Building?

The NYC Department of Finance's 2026/27 assessment roll lists FLATIRON OWNER LLC as the owner of record of the Flatiron Building (BBL 1008510001). 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.

What is the energy grade of the Flatiron Building?

The Flatiron Building reported an ENERGY STAR score of 89 for calendar year 2022 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 89 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 46.5 kBtu per square foot, 50% below the national median of 92.4 for a similar property. Its greenhouse gas emissions were about 695 metric tons of CO2e (3.6 kg per square foot).

Is there construction at the Flatiron Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at the Flatiron Building. In the last two years, interior work was permitted on 23 floors (floors 1 to 23, the cellar and the sub-cellar). The newest build-out, on floor 12, was first permitted in September 2026 (construction; filed cost estimate $1,000). A sidewalk shed permit here is active until January 21, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1008510001. 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 the Flatiron Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $22.8 million for the Flatiron Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.47 million a year, roughly $13.47 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008510001 show the actual bill.

What is the assessed value of the Flatiron Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Flatiron Building at $52 million ($14 million of it land) and its assessed value at $23.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 17% from 2022/23 ($62.3 million) to 2026/27.

Is there office space for lease at the Flatiron Building?

No space at 171 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.

2,723 buildings from city records

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