Office building with commercial space · Midtown, Manhattan
Tiffany & Co. Building
397 Fifth Avenue, New York, NY 10016
The Tiffany & Co. Building (397 Fifth Avenue) is a 9-floor office building with commercial space in Midtown, Manhattan, built in 1906, with about 138,000 square feet of office space according to city records.
Also at 2-4 East 37th Street and 401 Fifth Avenue.
- Office space
- 138K SF
- Floors
- 9
- Year built
- 1906
- Zoning
- C5-3
The 196th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How the Tiffany & Co. Building compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, the Tiffany & Co. Building ranks 2nd of 7 by office floor area. Built in 1906, it is the oldest of them. Its estimated property tax, about $22.41 a square foot of floor area before abatements, is above the neighbors' median of $12.83.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| Tiffany & Co. Building, 397 Fifth Avenue | 138K SF | 9 | 1906 | $22.41 | Mar 2004, $42M |
| 389 Fifth Avenue | 106K SF | 12 | 1930 | $9.53 | n/a |
| 411 Fifth Avenue | 106K SF | 11 | 1915 | $11.50 | n/a |
| 9 East 37th Street | 59K SF | 12 | 1920 | $8.40 | n/a |
| 415 Fifth Avenue | 246K SF | 11 | 1912 | $14.58 | Jun 2010, $140M |
| Stewart & Company Building, 402 Fifth Avenue | 68K SF | 9 | 1914 | $17.27 | n/a |
| 232 Madison Avenue | 108K SF | 16 | 1925 | $14.16 | n/a |
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
- Building name
- Tiffany & Co. Building
- Other addresses
- 2-4 East 37th Street; 401 Fifth Avenue
- ZIP code
- 10016
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 156,751 SF
- Commercial floor area
- 156,751 SF
- Office
- 138,461 SF
- Retail
- 15,580 SF
- Industrial and storage
- 2,710 SF
- Height
- 9 floors
- Average floor
- About 17,400 SF (floor area divided by floors)
- Year built
- 1906
- Lot area
- 17,048 SF
- Zoning district
- C5-3
- Built FAR
- 9.19
- Max commercial FAR
- 15
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 1008660076
Nearest subway
- 34 St-Herald Sq
- 5 Av
- 33 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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
Owner, property tax and assessed value
The Department of Finance lists 9 EAST 36TH LLC as the owner of record. For tax year 2026/27 the city values the Tiffany & Co. Building at $77.1 million and assesses it at $34.7 million. After phase-ins and exemptions its taxable value is $32.4 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 $3.51 million a year before abatements, roughly $22.41 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
- 9 EAST 36TH LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $77,090,000
- Land market value
- $12,800,000
- Assessed value
- $34,690,500
- Taxable value (phased in)
- $32,378,620
- Estimated yearly tax
- About $3.51 million
- Tax per SF of floor area
- About $22.41
City market value by tax year
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How to find who owns any NYC buildingSource: 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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NYC property records (ACRIS)
Sales history
The Tiffany & Co. Building last sold in March 2004 for $42 million, according to the deed recorded with the city. STAHL 6 EAST 37TH LLC sold it to 401 FIFTH LLC. That comes to about $268 per square foot of floor area.
- Last sale (deed date)
- March 8, 2004
- Price
- $42,000,000
- Price per SF of floor area
- About $268
- Seller
- STAHL 6 EAST 37TH LLC
- Buyer
- 401 FIFTH LLC
- Deed recorded
- May 20, 2004
- ACRIS document
- 2004031000865003
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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
The Tiffany & Co. Building reported an ENERGY STAR score of 60 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 76.1 kBtu per square foot, 14% below the national median of 88 for a similar property. Its greenhouse gas emissions were about 1,208 metric tons of CO2e (7.7 kg per square foot).
- ENERGY STAR score (2024)
- 60 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 76.1 kBtu/SF
- National median for the type
- 88 kBtu/SF
- Greenhouse gas emissions
- 1,208 t CO2e
- Emissions per SF
- 7.7 kg CO2e
- Floor area in the filing
- 156,760 SF
ENERGY STAR score by year
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. 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, the Tiffany & Co. Building comes to about 971 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,188 tons for 2024 to 2029 (82% of the limit), so it would owe no penalty. From 2030 the limit drops to 422 tons and the same energy use counts as about 642 tons, about 220 tons over, or an estimated $59,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,188 t CO2e
- Estimated emissions
- 971 t CO2e
- Under the limit by
- 217 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 422 t CO2e
- Estimated emissions
- 642 t CO2e
- Over the limit by
- 220 t CO2e
- Estimated penalty a year
- $59,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 156,760 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 397 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 5 jobs at the Tiffany & Co. Building. In the last two years, interior work was permitted on 4 floors (floors 3 to 6 and the lobby). The newest build-out, on floor 3, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $230,000). A sidewalk shed permit here is active until January 21, 2027.
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 14
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 3 to 6, lobby
- Facade and sidewalk jobs, last 24 months
- 1
- Sidewalk shed permit
- Active until Jan 21, 2027
Recent build-outs
New jobs by year
Build-outs across MidtownWhere 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.
Landmarks Preservation Commission records
Architecture and history
The Tiffany & Co. Building was designed by McKim, Mead & White (Stanford White) and built in 1903-1906 in the Italian neo-Renaissance style. The Landmarks Preservation Commission designated it a New York City landmark on February 16, 1988.
- Architect
- McKim, Mead & White (Stanford White)
- Constructed
- 1903-1906
- Style
- Italian neo-Renaissance
- Primary material
- White marble
- Built as
- Store
- Also known as
- Tiffany & Company Building
- City landmark
- Tiffany & Co. Building: individual landmark, designated February 16, 1988 (LP-01624)
Source: NYC Landmarks Preservation Commission, Individual Landmark 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 Tiffany & Co. Building
How big is the Tiffany & Co. Building?
The Tiffany & Co. Building has about 157,000 square feet of floor area in total, including 138,000 square feet of office, 16,000 square feet of retail and 3,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was the Tiffany & Co. Building built?
The Landmarks Preservation Commission's building records date the Tiffany & Co. Building to 1903-1906, designed by McKim, Mead & White (Stanford White). The building is 9 floors tall.
Who designed the Tiffany & Co. Building?
McKim, Mead & White (Stanford White), according to the Landmarks Preservation Commission's building records, which list the style as Italian neo-Renaissance and its original use as a store.
Is the Tiffany & Co. Building a New York City landmark?
Yes. The Landmarks Preservation Commission designated the Tiffany & Co. Building an individual landmark on February 16, 1988 (LP-01624). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of the Tiffany & Co. Building?
The Tiffany & Co. Building is at 397 Fifth Avenue in Midtown, Manhattan. City records list 2-4 East 37th Street and 401 Fifth Avenue on the same tax lot (BBL 1008660076). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 397 Fifth Avenue?
397 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 Tiffany & Co. Building is at 397 Fifth Avenue, New York, NY 10016, in Midtown.
What is the zoning at the Tiffany & Co. Building?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.19 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to the Tiffany & Co. Building?
The closest subway station to the Tiffany & Co. Building is 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), about 0.3 miles away in a straight line, roughly 5 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 5 min walk; 33 St (the 6 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns the Tiffany & Co. Building?
The NYC Department of Finance's 2026/27 assessment roll lists 9 EAST 36TH LLC as the owner of record of the Tiffany & Co. Building (BBL 1008660076). 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 the Tiffany & Co. Building last sold?
The Tiffany & Co. Building last sold in March 2004 for $42 million, according to the deed recorded with the city. STAHL 6 EAST 37TH LLC sold it to 401 FIFTH LLC. That comes to about $268 per square foot of floor area. The deed is ACRIS document 2004031000865003 (BBL 1008660076) 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 the Tiffany & Co. Building?
The Tiffany & Co. Building reported an ENERGY STAR score of 60 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 60 earns a C. 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 76.1 kBtu per square foot, 14% below the national median of 88 for a similar property. Its greenhouse gas emissions were about 1,208 metric tons of CO2e (7.7 kg per square foot).
Does the Tiffany & Co. Building meet Local Law 97?
At its 2024 energy use, the Tiffany & Co. Building comes to about 971 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,188 tons for 2024 to 2029 (82% of the limit), so it would owe no penalty. From 2030 the limit drops to 422 tons and the same energy use counts as about 642 tons, about 220 tons over, or an estimated $59,000 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.
Is there construction at the Tiffany & Co. Building?
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at the Tiffany & Co. Building. In the last two years, interior work was permitted on 4 floors (floors 3 to 6 and the lobby). The newest build-out, on floor 3, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $230,000). A sidewalk shed permit here is active until January 21, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1008660076. 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 Tiffany & Co. Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $32.4 million for the Tiffany & Co. Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.51 million a year, roughly $22.41 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008660076 show the actual bill.
What is the assessed value of the Tiffany & Co. Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Tiffany & Co. Building at $77.1 million ($12.8 million of it land) and its assessed value at $34.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($72.3 million) to 2026/27.
Is there office space for lease at the Tiffany & Co. Building?
No space at 397 Fifth Avenue is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). 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
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq