Office building with commercial space · Midtown South, Manhattan

307 Fifth Avenue

New York, NY 10016

307 Fifth Avenue is a 17-floor office building with commercial space in Midtown South, Manhattan, built in 1928, with about 57,000 square feet of office space according to city records.

Office space
57K SF
Floors
17
Year built
1928
Zoning
C5-2

The 136th 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 307 Fifth Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 307 Fifth Avenue ranks 6th of 7 by office floor area. Built in 1928, it is the newest of them. Its estimated property tax, about $8.03 a square foot of floor area before abatements, is below the neighbors' median of $12.59.

307 Fifth Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
307 Fifth AvenueThis building57K SF171928$8.03
303 Fifth Avenue1 min walk152K SF201910$13.09
6 East 32nd Street1 min walk141K SF111910$12.10
285 Fifth Avenue1 min walk533K SF191920$31.94
302 Fifth Avenue1 min walk69K SF141915$7.25
134 Madison Avenue1 min walk240K SF161916$14.10
15 East 32nd Street1 min walk53K SF121915$7.81
The 136th 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). 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

ZIP code
10016
Building type
Office building with commercial space (city class O6)
Total floor area
60,648 SF
Commercial floor area
60,648 SF
Office
56,648 SF
Retail
4,000 SF
Height
17 floors
Average floor
About 3,600 SF (floor area divided by floors)
Year built
1928
Last major alteration
2014
Lot area
4,200 SF
Zoning district
C5-2
Built FAR
14.44
Max commercial FAR
10
Tax lot (BBL)
1008610003

Nearest subway

  • 33 St4 min walk · Not accessible
  • 28 St4 min walk · Not accessible
  • 34 St-Herald Sq5 min walk · Accessible station

Nearby large buildings

All 101 large office buildings on Fifth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; 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 307 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 1 of 2 stood vacant.

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
  • 20231 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 307 FIFTH AVENUE LLC as the owner of record. For tax year 2026/27 the city values 307 Fifth Avenue at $9.99 million and assesses it at $4.5 million. After phase-ins and exemptions its taxable value is $4.49 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 $486,774 a year before abatements, roughly $8.03 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
307 FIFTH AVENUE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$9,994,000
Land market value
$6,000,000
Assessed value
$4,497,300
Taxable value (phased in)
$4,487,220
Estimated yearly tax
About $486,774
Tax per SF of floor area
About $8.03

City market value by tax year

  • 2022/23$11.7 million
  • 2023/24$9.06 million
  • 2024/25$9.32 million
  • 2025/26$9.8 million
  • 2026/27$9.99 million

Market value fell 14% from 2022/23 ($11.7 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 property records (ACRIS)

Sales history

307 Fifth Avenue last sold in June 2006 for $15.3 million, according to the deed recorded with the city. 307 FIFTH AVE REALTY LLC sold it to 307 FIFTH AVENUE LLC.

Last sale (deed date)
June 21, 2006
Price
$15,333,333
Seller
307 FIFTH AVE REALTY LLC
Buyer
307 FIFTH AVENUE LLC
Deed recorded
September 11, 2006
ACRIS document
2006062600424001
All 31 building sales in Midtown South since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

307 Fifth Avenue reported an ENERGY STAR score of 28 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 97.2 kBtu per square foot, 32% above the national median of 73.5 for a similar property. Its greenhouse gas emissions were about 494 metric tons of CO2e (7.97 kg per square foot).

ENERGY STAR score (2024)
28 of 100
Grade this score earns (Local Law 33)
D (under 55)
Property type (Portfolio Manager)
Office
Site energy use intensity
97.2 kBtu/SF
National median for the type
73.5 kBtu/SF
Greenhouse gas emissions
494 t CO2e
Emissions per SF
7.97 kg CO2e
Floor area in the filing
62,000 SF

ENERGY STAR score by year

  • 202218 (D)
  • 202333 (D)
  • 202428 (D)

Energy sources in 2024

  • Fuel oil57%
  • Electricity27%
  • Natural gas16%

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

The Department of Buildings issued no permits for new jobs at 307 Fifth Avenue in the 12 months to September 2026; the last one was first permitted in January 2024.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
January 2024
Interior build-outs, last 24 months
0

New jobs by year

  • 20210
  • 20220
  • 20230
  • 20241
  • 20250
  • 2026 to date0

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 307 Fifth Avenue and we match it against every new one automatically.

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Questions about 307 Fifth Avenue

How big is 307 Fifth Avenue?

307 Fifth Avenue has about 61,000 square feet of floor area in total, including 57,000 square feet of office and 4,000 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 307 Fifth Avenue built?

City records list 1928 as the year built, with a major alteration recorded in 2014. The building is 17 floors tall.

What is the ZIP code of 307 Fifth Avenue?

307 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 307 Fifth Avenue, New York, NY 10016, in Midtown South.

What is the zoning at 307 Fifth Avenue?

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.44 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 307 Fifth Avenue?

The closest subway station to 307 Fifth Avenue is 33 St (the 6 train), about 950 feet away in a straight line, roughly 4 minutes on foot. Also nearby: 28 St (the R and W trains), 4 min walk; 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 307 Fifth Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 307 FIFTH AVENUE LLC as the owner of record of 307 Fifth Avenue (BBL 1008610003). 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.

When was 307 Fifth Avenue last sold?

307 Fifth Avenue last sold in June 2006 for $15.3 million, according to the deed recorded with the city. 307 FIFTH AVE REALTY LLC sold it to 307 FIFTH AVENUE LLC. The deed is ACRIS document 2006062600424001 (BBL 1008610003) 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.

What is the energy grade of 307 Fifth Avenue?

307 Fifth Avenue reported an ENERGY STAR score of 28 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 28 earns a D. 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 97.2 kBtu per square foot, 32% above the national median of 73.5 for a similar property. Its greenhouse gas emissions were about 494 metric tons of CO2e (7.97 kg per square foot).

Is there construction at 307 Fifth Avenue?

The Department of Buildings issued no permits for new jobs at 307 Fifth Avenue in the 12 months to September 2026; the last one was first permitted in January 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1008610003. 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 307 Fifth Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.49 million for 307 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 $486,774 a year, roughly $8.03 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008610003 show the actual bill.

What is the assessed value of 307 Fifth Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 307 Fifth Avenue at $9.99 million ($6 million of it land) and its assessed value at $4.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 14% from 2022/23 ($11.7 million) to 2026/27.

Are there vacant storefronts at 307 Fifth Avenue?

Owners registered 2 storefronts at 307 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 1 of 2 stood vacant. 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 307 Fifth Avenue?

No space at 307 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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