Office building with commercial space · Midtown South, Manhattan
285 Fifth Avenue
New York, NY 10016
285 Fifth Avenue is a 19-floor office building with commercial space in Midtown South, Manhattan, built in 1920, with about 533,000 square feet of office space according to city records.
Also at 1-5 East 30th Street, 2-10 East 31st Street and 285-299 Fifth Avenue.
- Office space
- 533K SF
- Floors
- 19
- Year built
- 1920
- Zoning
- C5-2
The 7th largest of the 184 office buildings we track in Midtown South. Compare it with 6 neighbors
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Compared with its neighbors
How 285 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 285 Fifth Avenue is the largest by office floor area. It went up in 1920; the median neighbor dates from 1912. Its estimated property tax, about $31.94 a square foot of floor area before abatements, is above the neighbors' median of $12.59.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 285 Fifth Avenue | 533K SF | 19 | 1920 | $31.94 | n/a |
| 303 Fifth Avenue | 152K SF | 20 | 1910 | $13.09 | n/a |
| 307 Fifth Avenue | 57K SF | 17 | 1928 | $8.03 | Jun 2006, $15.3M |
| 286 Fifth Avenue | 41K SF | 12 | 1910 | $14.80 | n/a |
| 6 East 32nd Street | 141K SF | 11 | 1910 | $12.10 | n/a |
| 302 Fifth Avenue | 69K SF | 14 | 1915 | $7.25 | n/a |
| 276 Fifth Avenue | 119K SF | 11 | 1920 | $19.09 | Apr 2025, $62M |
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
- 1-5 East 30th Street; 2-10 East 31st Street; 285-299 Fifth Avenue
- ZIP code
- 10016
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 553,725 SF
- Commercial floor area
- 553,725 SF
- Office
- 533,324 SF
- Retail
- 20,401 SF
- Height
- 19 floors
- Average floor
- About 29,100 SF (floor area divided by floors)
- Year built
- 1920
- Lot area
- 36,575 SF
- Zoning district
- C5-2
- Built FAR
- 15.14
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1008600001
Nearest subway
- 28 St
- 33 St
- 28 St
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 Department of Finance records
Property tax and assessed value
For tax year 2026/27 the city values 285 Fifth Avenue at $375.9 million and assesses it at $169.2 million. After phase-ins and exemptions its taxable value is $163 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 $17.7 million a year before abatements, roughly $31.94 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $375,915,000
- Land market value
- $74,100,000
- Assessed value
- $169,161,750
- Taxable value (phased in)
- $163,031,670
- Estimated yearly tax
- About $17.7 million
- Tax per SF of floor area
- About $31.94
City market value by tax year
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Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll), 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 use and emissions
285 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, 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 21.6 kBtu per square foot, less than half the national median of 57.3 for a similar property. Its greenhouse gas emissions were about 1,468 metric tons of CO2e (1.9 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 21.6 kBtu/SF
- National median for the type
- 57.3 kBtu/SF
- Greenhouse gas emissions
- 1,468 t CO2e
- Emissions per SF
- 1.9 kg CO2e
- Floor area in the filing
- 771,659 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 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 285 Fifth Avenue comes to about 1,183 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 5,849 tons for 2024 to 2029 (20% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,076 tons and the same energy use counts as about 788 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 5,849 t CO2e
- Estimated emissions
- 1,183 t CO2e
- Under the limit by
- 4,666 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 2,076 t CO2e
- Estimated emissions
- 788 t CO2e
- Under the limit by
- 1,289 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 771,659 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 285 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 11 jobs at 285 Fifth Avenue. In the last two years, interior work was permitted on 11 floors (floors 1, 2, 5 to 8, 10, 11 and 16 to 18, the cellar, the mezzanine and the roof terrace). The newest build-out, on floor 5, was first permitted in August 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $302,000).
- New jobs, last 12 months
- 11
- Initial permits, last 12 months
- 25
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 15
- Floors with interior work, last 24 months
- 1, 2, 5 to 8, 10, 11 and 16 to 18, cellar, mezzanine, roof terrace
- Facade and sidewalk jobs, last 24 months
- 5
Recent build-outs
New jobs by year
Build-outs across Midtown SouthWhere NYC offices are being built out
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.
No office space listed in Midtown South yet
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Before you sign
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Questions about 285 Fifth Avenue
How big is 285 Fifth Avenue?
285 Fifth Avenue has about 554,000 square feet of floor area in total, including 533,000 square feet of office and 20,000 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 285 Fifth Avenue built?
City records list 1920 as the year built. The building is 19 floors tall.
What other addresses does 285 Fifth Avenue have?
City records list 1-5 East 30th Street, 2-10 East 31st Street and 285-299 Fifth Avenue on the same tax lot (BBL 1008600001) as 285 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 285 Fifth Avenue?
285 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 285 Fifth Avenue, New York, NY 10016, in Midtown South.
What is the zoning at 285 Fifth Avenue?
The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 15.14 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 285 Fifth Avenue?
The closest subway station to 285 Fifth Avenue is 28 St (the R and W trains), about 850 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 33 St (the 6 train), 4 min walk; 28 St (the 6 train), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Does 285 Fifth Avenue have an energy grade?
285 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, 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 21.6 kBtu per square foot, less than half the national median of 57.3 for a similar property. Its greenhouse gas emissions were about 1,468 metric tons of CO2e (1.9 kg per square foot).
Does 285 Fifth Avenue meet Local Law 97?
At its 2024 energy use, 285 Fifth Avenue comes to about 1,183 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 5,849 tons for 2024 to 2029 (20% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,076 tons and the same energy use counts as about 788 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 285 Fifth Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 11 jobs at 285 Fifth Avenue. In the last two years, interior work was permitted on 11 floors (floors 1, 2, 5 to 8, 10, 11 and 16 to 18, the cellar, the mezzanine and the roof terrace). The newest build-out, on floor 5, was first permitted in August 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $302,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008600001. 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 285 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $163 million for 285 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 $17.7 million a year, roughly $31.94 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008600001 show the actual bill.
What is the assessed value of 285 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 285 Fifth Avenue at $375.9 million ($74.1 million of it land) and its assessed value at $169.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 158% from 2022/23 ($145.8 million) to 2026/27.
Is there office space for lease at 285 Fifth Avenue?
No space at 285 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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Midtown South
Transit hubs in Midtown South
- R W at 28 St
- 6 at 28 St
- F M at 23 St