Office building with commercial space · Midtown South, Manhattan

302 Fifth Avenue

New York, NY 10001

302 Fifth Avenue is a 14-floor office building with commercial space in Midtown South, Manhattan, built in 1915, with about 69,000 square feet of office space according to city records.

Also at 1-3 West 31st Street.

Office space
69K SF
Floors
14
Year built
1915
Zoning
C5-2

The 117th largest of the 156 office buildings we track in Midtown South. Compare it with 6 neighbors

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Compared with its neighbors

How 302 Fifth Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 302 Fifth Avenue ranks 5th of 7 by office floor area. It went up in 1915; the median neighbor dates from 1912. Its estimated property tax, about $7.25 a square foot of floor area before abatements, is below the neighbors' median of $11.60.

302 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
302 Fifth AvenueThis building69K SF141915$7.25n/a
303 Fifth Avenue1 min walk152K SF201910$13.09n/a
307 Fifth Avenue1 min walk57K SF171928$8.03Jun 2006, $15.3M
320 Fifth Avenue1 min walk91K SF111905$15.42n/a
22 West 32nd Street1 min walk101K SF161913$8.70Jan 2014, $55M
285 Fifth Avenue1 min walk533K SF191920$31.94n/a
25 West 31st Street1 min walk57K SF121912$10.11n/a
The 117th largest of the 156 office buildings we track in Midtown South: 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 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 31st Street
ZIP code
10001
Building type
Office building with commercial space (city class O6)
Total floor area
75,700 SF
Commercial floor area
75,700 SF
Office
68,900 SF
Retail
6,800 SF
Height
14 floors
Average floor
About 5,400 SF (floor area divided by floors)
Year built
1915
Lot area
5,402 SF
Zoning district
C5-2
Built FAR
14.01
Max commercial FAR
10
Tax lot (BBL)
1008330038

Nearest subway

  • 28 St3 min walk · Not accessible
  • 34 St-Herald Sq4 min walk · Accessible station
  • 33 St5 min walk · Not accessible

Nearby large buildings

All 101 large office buildings on Fifth Avenue

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 2 storefronts at 302 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2024
2
Vacant that day
0
Share vacant across Midtown South
12.7%
Share vacant along Fifth Avenue
12.6%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20190 of 2
  • 20200 of 2
  • 20210 of 2
  • 20220 of 2
  • 20230 of 2
  • 20240 of 2

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

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-02. 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 2024 filing was due June 3, 2025, 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 302 FIFTH LLC as the owner of record. For tax year 2026/27 the city values 302 Fifth Avenue at $11.6 million and assesses it at $5.24 million. After phase-ins and exemptions its taxable value is $5.06 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 $549,082 a year before abatements, roughly $7.25 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
302 FIFTH LLC
Tax class
Class 4 (commercial and industrial)
City market value
$11,640,000
Land market value
$5,272,000
Assessed value
$5,238,000
Taxable value (phased in)
$5,061,600
Estimated yearly tax
About $549,082
Tax per SF of floor area
About $7.25

City market value by tax year

  • 2022/23$10.3 million
  • 2023/24$11.2 million
  • 2024/25$11.4 million
  • 2025/26$11.6 million
  • 2026/27$11.6 million

Market value rose 12% from 2022/23 ($10.3 million) to 2026/27.

How Midtown South compares: property tax per SF across NYC neighborhoods

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 2026-10-02; 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 score, grade and emissions

302 Fifth Avenue reported an ENERGY STAR score of 72 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 64.2 kBtu per square foot, 28% below the national median of 88.9 for a similar property. Its greenhouse gas emissions were about 360 metric tons of CO2e (4.75 kg per square foot).

ENERGY STAR score (2024)
72 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
64.2 kBtu/SF
National median for the type
88.9 kBtu/SF
Greenhouse gas emissions
360 t CO2e
Emissions per SF
4.75 kg CO2e
Floor area in the filing
75,700 SF

ENERGY STAR score by year

  • 202278 (B)
  • 202386 (A)
  • 202472 (B)

Energy sources in 2024

  • Natural gas66%
  • Electricity34%

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 2026-10-02; 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 September 2026, the Department of Buildings issued first permits for 6 jobs at 302 Fifth Avenue. In the last two years, interior work was permitted on 4 floors (floors 1, 9, 12 and 14). The newest build-out, on floor 9, was first permitted in September 2026 (construction, plumbing; filed cost estimate $305,000).

New jobs, last 12 months
6
Initial permits, last 12 months
9
Newest job first permitted
September 2026
Interior build-outs, last 24 months
4
Floors with interior work, last 24 months
1, 9, 12 and 14
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floor 9September 2026Construction, Plumbing; est. $305,000
  • Floors 12 and 14July 2026Construction; est. $508,000
  • Floors 12 and 14March 2026Construction; est. $82,000
  • Floor 1October 2025Construction, Mechanical, Plumbing; est. $87,000; signed off

New jobs by year

  • 20211
  • 20221
  • 20230
  • 20243
  • 20251
  • 2026 to date5

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 Midtown South

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 Midtown South yet. These labeled examples show what tenants post. List a space in 302 Fifth Avenue and we match it against every new one automatically.

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Questions about 302 Fifth Avenue

How big is 302 Fifth Avenue?

302 Fifth Avenue has about 76,000 square feet of floor area in total, including 69,000 square feet of office and 7,000 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 302 Fifth Avenue built?

City records list 1915 as the year built. The building is 14 floors tall.

What other addresses does 302 Fifth Avenue have?

City records list 1-3 West 31st Street on the same tax lot (BBL 1008330038) as 302 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 302 Fifth Avenue?

302 Fifth Avenue is in ZIP code 10001, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 302 Fifth Avenue, New York, NY 10001, in Midtown South.

What is the zoning at 302 Fifth Avenue?

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.01 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 302 Fifth Avenue?

The closest subway station to 302 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: 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 4 min walk; 33 St (the 6 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 302 Fifth Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 302 FIFTH LLC as the owner of record of 302 Fifth Avenue (BBL 1008330038). 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 302 Fifth Avenue?

302 Fifth Avenue reported an ENERGY STAR score of 72 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 72 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 64.2 kBtu per square foot, 28% below the national median of 88.9 for a similar property. Its greenhouse gas emissions were about 360 metric tons of CO2e (4.75 kg per square foot).

Is there construction at 302 Fifth Avenue?

In the 12 months to September 2026, the Department of Buildings issued first permits for 6 jobs at 302 Fifth Avenue. In the last two years, interior work was permitted on 4 floors (floors 1, 9, 12 and 14). The newest build-out, on floor 9, was first permitted in September 2026 (construction, plumbing; filed cost estimate $305,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008330038. 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 302 Fifth Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.06 million for 302 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 $549,082 a year, roughly $7.25 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008330038 show the actual bill.

What is the assessed value of 302 Fifth Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 302 Fifth Avenue at $11.6 million ($5.27 million of it land) and its assessed value at $5.24 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 12% from 2022/23 ($10.3 million) to 2026/27.

Are there vacant storefronts at 302 Fifth Avenue?

Owners registered 2 storefronts at 302 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 302 Fifth Avenue?

No space at 302 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.