Office building · Midtown South, Manhattan

Empire State Building

338 Fifth Avenue, New York, NY

The Empire State Building (338 Fifth Avenue) is a 102-floor office building in Midtown South, Manhattan, built in 1931, with about 2.7 million square feet of office space according to city records.

Also at 338-350 Fifth Avenue, 1-31 West 33rd Street and 2-20 West 34th Street.

Office space
2.7M SF
Floors
102
Year built
1931
Zoning
C5-3

Office space next to its nearest neighbors

  1. Empire State BuildingThis building2.7M SF
  2. 4 West 33rd Street1 min walk294K SF
  3. 20 West 33rd Street1 min walk137K SF
  4. 22 West 34th Street1 min walk53K SF

The 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 the Empire State Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Empire State Building is the largest by office floor area. It went up in 1931; the median neighbor dates from 1911. Its estimated property tax, about $18.99 a square foot of floor area before abatements, is close to the neighbors' median of $18.55.

The Empire State Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
Empire State Building, 338 Fifth AvenueThis building2.7M SF1021931$18.99
4 West 33rd Street1 min walk294K SF121914$14.04
20 West 33rd Street1 min walk137K SF131912$12.95
22 West 34th Street1 min walk53K SF61937$22.81
1 West 34th Street1 min walk50K SF121906$34.31
330 Fifth Avenue1 min walk166K SF151910$14.30
15 West 34th Street1 min walk37K SF81907$34.42
The largest of the 184 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 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Building name
Empire State Building
Other addresses
338-350 Fifth Avenue; 1-31 West 33rd Street; 2-20 West 34th Street
ZIP code
10001 (PLUTO); 10118 (Finance roll)
Building type
Office building (city class O4)
Total floor area
2,812,739 SF
Commercial floor area
2,812,739 SF
Office
2,685,483 SF
Retail
127,256 SF
Height
102 floors
Average floor
About 27,600 SF (floor area divided by floors)
Year built
1931
Last major alteration
2011
Lot area
91,351 SF
Zoning district
C5-3
Built FAR
30.79
Max commercial FAR
15
Landmark status
Individual and interior landmark
Tax lot (BBL)
1008350041

Nearest subway

  • 34 St-Herald Sq3 min walk · Accessible station
  • 33 St5 min walk · Not accessible
  • 28 St5 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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 19 storefronts at the Empire State Building for December 31, 2025, the newest annual filing the city has published, and 2 of them stood vacant that day. A year earlier, none of 19 did.

Storefronts registered for December 31, 2025
19
Vacant that day
2
Share vacant here
10.5%
Share vacant across Midtown South
11.9%
Share vacant along Fifth Avenue
14.0%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20192 of 18
  • 20206 of 20
  • 20213 of 18
  • 20221 of 18
  • 20233 of 18
  • 20240 of 19
  • 20252 of 19

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

Own or lease out a storefront at 338 Fifth Avenue? Listing it is free, and it is matched against every active requirement for retail space in Midtown South the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 ESRT EMPIRE STATE BUILDING, L.L.C. as the owner of record. For tax year 2026/27 the city values the Empire State Building at $1.28 billion and assesses it at $577.4 million. After phase-ins and exemptions its taxable value is $492.4 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 $53.4 million a year before abatements, roughly $18.99 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
ESRT EMPIRE STATE BUILDING, L.L.C.
Tax class
Class 4 (commercial and industrial)
City market value
$1,283,202,000
Land market value
$220,000,000
Assessed value
$577,440,900
Taxable value (phased in)
$492,419,019
Estimated yearly tax
About $53.4 million
Tax per SF of floor area
About $18.99

City market value by tax year

  • 2022/23$906.1 million
  • 2023/24$992.8 million
  • 2024/25$1.07 billion
  • 2025/26$1.19 billion
  • 2026/27$1.28 billion

Market value rose 42% from 2022/23 ($906.1 million) to 2026/27.

How Midtown South 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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SEC filings (EDGAR)

Companies with offices here

4 public companies and one investment manager give 338 Fifth Avenue as their office address in SEC filings.

Public companies

Principal executive office on their latest 10-K or 10-Q

  • COTY INC. (COTY)10-K, Aug 2026
  • IN8BIO, INC. (INAB)10-Q, Aug 2026
  • ROCKET PHARMACEUTICALS, INC. (RCKT)10-Q, Aug 2026
  • SHUTTERSTOCK, INC. (SSTK)10-Q, Aug 2026

Investment manager

Office address on their latest 13F holdings report

  • Axiom Investment Management LLC13F, Jul 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

The Empire State Building reported an ENERGY STAR score of 78 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 61.4 kBtu per square foot, 35% below the national median of 94.9 for a similar property. Its greenhouse gas emissions were about 16,678 metric tons of CO2e (5.85 kg per square foot).

ENERGY STAR score (2024)
78 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
61.4 kBtu/SF
National median for the type
94.9 kBtu/SF
Greenhouse gas emissions
16,678 t CO2e
Emissions per SF
5.85 kg CO2e
Floor area in the filing
2,852,257 SF
ENERGY STAR certified
2009, 2010, 2012, 2013, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024

ENERGY STAR score by year

  • 202280 (B)
  • 202379 (B)
  • 202478 (B)

Energy sources in 2024

  • Electricity60%
  • District steam37%
  • Natural gas3%

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 2026-10-16; 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 62 jobs at the Empire State Building. In the last two years, interior work was permitted on 86 floors (floors 1 to 86, the cellar and the sub-cellar). The newest build-out, on floors 11 to 13, was first permitted in October 2026 (construction, mechanical, sprinklers; filed cost estimate $118,000).

New jobs, last 12 months
62
Initial permits, last 12 months
62
Newest job first permitted
October 2026
Interior build-outs, last 24 months
47
Floors with interior work, last 24 months
1 to 86, cellar, sub-cellar

Recent build-outs

  • Floors 11 to 13October 2026Construction, Mechanical, Sprinklers; 3 jobs; est. $118,000
  • Floors 33 to 35September 2026Construction, Mechanical; 2 jobs; est. $1.5 million
  • Floor 34September 2026Construction; est. $15,000
  • Floor 70August 2026Construction, Mechanical; 2 jobs; est. $44,000
  • Floor 32July 2026Standpipe; est. $8,000; signed off
  • Floors 1 to 86May 2026Construction; est. $1 million

The newest 6 of 47 in the last 24 months.

New jobs by year

  • 202149
  • 202265
  • 2023108
  • 202469
  • 202574
  • 2026 to date49

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 Empire State Building was designed by Shreve, Lamb & Harmon (William Lamb) and built in 1929-1931 in the Art Deco style. The Landmarks Preservation Commission designated it a New York City landmark on May 19, 1981. The Commission also designated part of its interior an interior landmark on May 19, 1981.

Architect
Shreve, Lamb & Harmon (William Lamb)
Constructed
1929-1931
Style
Art Deco
Primary material
Brick
Built as
Office building
City landmark
Empire State Building: individual landmark, designated May 19, 1981 (LP-02000)
City landmark
Empire State Building: interior landmark, designated May 19, 1981 (LP-02001)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites, Designated and Calendared Buildings and 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 Empire State Building

How big is the Empire State Building?

The Empire State Building has about 2.8 million square feet of floor area in total, including 2.7 million square feet of office and 127,000 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 Empire State Building built?

The Landmarks Preservation Commission's building records date the Empire State Building to 1929-1931, designed by Shreve, Lamb & Harmon (William Lamb). The building is 102 floors tall.

Who designed the Empire State Building?

Shreve, Lamb & Harmon (William Lamb), according to the Landmarks Preservation Commission's building records, which list the style as Art Deco and its original use as an office building.

Is the Empire State Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Empire State Building an individual landmark on May 19, 1981 (LP-02000). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Empire State Building?

The Empire State Building is at 338 Fifth Avenue in Midtown South, Manhattan. City records list 338-350 Fifth Avenue, 1-31 West 33rd Street and 2-20 West 34th Street on the same tax lot (BBL 1008350041). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 338 Fifth Avenue?

City records give two ZIP codes for this tax lot: 10001 in NYC PLUTO 26v2 and 10118 on the Department of Finance's assessment roll. Some large New York buildings have a ZIP code of their own beside the area's, so check with the building's management which one it uses before you rely on either.

What is the zoning at the Empire State Building?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 30.79 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the Empire State Building?

The closest subway station to the Empire State Building is 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), about 750 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 33 St (the 6 train), 5 min walk; 28 St (the R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Empire State Building?

The NYC Department of Finance's 2026/27 assessment roll lists ESRT EMPIRE STATE BUILDING, L.L.C. as the owner of record of the Empire State Building (BBL 1008350041). 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.

Who are the tenants at the Empire State Building?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the Empire State Building. 4 public companies report the address as their principal executive office: COTY INC. (COTY); IN8BIO, INC. (INAB); ROCKET PHARMACEUTICALS, INC. (RCKT); and SHUTTERSTOCK, INC. (SSTK). One investment manager files 13F holdings reports from the address: Axiom Investment Management LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

What is the energy grade of the Empire State Building?

The Empire State Building reported an ENERGY STAR score of 78 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 78 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 61.4 kBtu per square foot, 35% below the national median of 94.9 for a similar property. Its greenhouse gas emissions were about 16,678 metric tons of CO2e (5.85 kg per square foot).

Is there construction at the Empire State Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 62 jobs at the Empire State Building. In the last two years, interior work was permitted on 86 floors (floors 1 to 86, the cellar and the sub-cellar). The newest build-out, on floors 11 to 13, was first permitted in October 2026 (construction, mechanical, sprinklers; filed cost estimate $118,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008350041. 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 Empire State Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $492.4 million for the Empire State Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $53.4 million a year, roughly $18.99 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008350041 show the actual bill.

What is the assessed value of the Empire State Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Empire State Building at $1.28 billion ($220 million of it land) and its assessed value at $577.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 42% from 2022/23 ($906.1 million) to 2026/27.

Are there vacant storefronts at the Empire State Building?

Owners registered 19 storefronts at the Empire State Building for December 31, 2025, the newest annual filing the city has published, and 2 of them stood vacant that day. A year earlier, none of 19 did. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at the Empire State Building?

No space at 338 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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