243 Fifth Avenue

243 Fifth Avenue has about 259,000 square feet of floor area in total, including 248,000 square feet of office and 11,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date 243 Fifth Avenue to 1926-1927, designed by George F. Pelham. The building is 24 floors tall.

George F. Pelham, according to the Landmarks Preservation Commission's building records, which list the style as neo-Gothic and its original use as store and lofts.

City records list 2 East 28th Street and 243-249 Fifth Avenue on the same tax lot (BBL 1008570076) as 243 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

243 Fifth Avenue is in ZIP code 10016, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 243 Fifth Avenue, New York, NY 10016, in Midtown South.

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 23.3 and a maximum commercial FAR of 10 for this lot. It is inside the Madison Square North Historic District, so exterior changes go through the Landmarks Preservation Commission.

The closest subway station to 243 Fifth Avenue is 28 St (the R and W trains), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 28 St (the 6 train), 3 min walk; 23 St (the R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 245 FIFTH OWNER LLC as the owner of record of 243 Fifth Avenue (BBL 1008570076). 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.

243 Fifth Avenue last sold in April 2011 for $161.5 million, according to the deed recorded with the city. W2007 245 FIFTH REALTY, LLC sold it to 245 FIFTH OWNER LLC. That comes to about $624 per square foot of floor area. The deed is ACRIS document 2011041900386001 (BBL 1008570076) 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.

243 Fifth Avenue reported an ENERGY STAR score of 83 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 83 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 49.7 kBtu per square foot, 41% below the national median of 84.2 for a similar property. Its greenhouse gas emissions were about 1,326 metric tons of CO2e (4.77 kg per square foot).

At its 2024 energy use, 243 Fifth Avenue comes to about 1,101 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,185 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 773 tons and the same energy use counts as about 788 tons, about 15 tons over, or an estimated $4,000 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 20 jobs at 243 Fifth Avenue. In the last two years, interior work was permitted on 17 floors (floors 1 to 9, 12, 14 to 16, 19 and 24 to 26, the cellar and the mezzanine). The newest build-out, on floor 24, was first permitted in September 2026 (construction; filed cost estimate $15,000). A sidewalk shed permit here is active until November 17, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1008570076. 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 $46.5 million for 243 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 $5.05 million a year, roughly $19.51 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008570076 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 243 Fifth Avenue at $103.4 million ($13 million of it land) and its assessed value at $46.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 7% from 2022/23 ($111.5 million) to 2026/27.

No space at 243 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.