Office building with commercial space · Midtown, Manhattan

Stewart & Company Building

402 Fifth Avenue, New York, NY 10018

The Stewart & Company Building (402 Fifth Avenue) is a 9-floor office building with commercial space in Midtown, Manhattan, built in 1914, with about 68,000 square feet of office space according to city records.

Also at 402-404 Fifth Avenue and 2 West 37th Street.

Office space
68K SF
Floors
9
Year built
1914
Zoning
C5-3

The 274th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How the Stewart & Company Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Stewart & Company Building ranks 5th of 7 by office floor area. It went up in 1914; the median neighbor dates from 1914. Its estimated property tax, about $17.27 a square foot of floor area before abatements, is above the neighbors' median of $11.93.

The Stewart & Company Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
Stewart & Company Building, 402 Fifth AvenueThis building68K SF91914$17.27n/a
7 West 36th Street1 min walk58K SF161924$10.09n/a
1 West 37th Street1 min walk57K SF111912$24.12May 2016, $73M
5 West 37th Street1 min walk73K SF121921$10.42n/a
Tiffany & Co. Building, 397 Fifth Avenue1 min walk138K SF91906$22.41Mar 2004, $42M
15 West 36th Street1 min walk77K SF161917$8.03Nov 2024, $21.5M
Gorham Building, 386 Fifth Avenue1 min walk125K SF91906$13.44n/a
The 274th largest of the 315 office buildings we track in Midtown: 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

Building name
Stewart & Company Building
Other addresses
402-404 Fifth Avenue; 2 West 37th Street
ZIP code
10018
Building type
Office building with commercial space (city class O6)
Total floor area
83,278 SF
Commercial floor area
83,278 SF
Office
68,278 SF
Retail
15,000 SF
Height
9 floors
Average floor
About 9,300 SF (floor area divided by floors)
Year built
1914
Last major alteration
2015
Lot area
9,965 SF
Zoning district
C5-3
Built FAR
8.36
Max commercial FAR
15
Landmark status
Individual landmark
Tax lot (BBL)
1008380048

Nearest subway

  • 34 St-Herald Sq4 min walk · Accessible station
  • 5 Av5 min walk · Not accessible · connects to 42 St-Bryant Pk
  • Grand Central-42 St6 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; 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 2026-10-02. 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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 404 FIFTH OWNER LLC as the owner of record. For tax year 2026/27 the city values the Stewart & Company Building at $29.5 million and assesses it at $13.3 million. After phase-ins and exemptions its taxable value is $13.3 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 $1.44 million a year before abatements, roughly $17.27 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
404 FIFTH OWNER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$29,466,000
Land market value
$16,400,000
Assessed value
$13,259,700
Estimated yearly tax
About $1.44 million
Tax per SF of floor area
About $17.27

City market value by tax year

  • 2022/23$33.4 million
  • 2023/24$35.2 million
  • 2024/25$35.9 million
  • 2025/26$36.4 million
  • 2026/27$29.5 million

Market value fell 12% from 2022/23 ($33.4 million) to 2026/27.

How Midtown 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 Department of Buildings permits

Work permits and build-outs

In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at the Stewart & Company Building. In the last two years, interior work was permitted on 8 floors (floors 1 to 8, the cellar and the mezzanine). The newest build-out, on floors 1 to 8, the cellar and the mezzanine, was first permitted in March 2026 (construction; filed cost estimate $1.2 million). A sidewalk shed permit here is active until January 21, 2027.

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
March 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
1 to 8, cellar, mezzanine
Facade and sidewalk jobs, last 24 months
4
Sidewalk shed permit
Active until Jan 21, 2027

Recent build-outs

  • Floors 1 to 8, cellar, mezzanineMarch 2026Construction; est. $1.2 million

New jobs by year

  • 20210
  • 20223
  • 20231
  • 20240
  • 20255
  • 2026 to date1

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.

Landmarks Preservation Commission records

Architecture and history

The Stewart & Company Building was designed by Warren & Wetmore (architect), George A. Fuller (builder) and built in 1914 in the British Neoclassical style. The Landmarks Preservation Commission designated it a New York City landmark on April 18, 2006.

Architect
Warren & Wetmore (architect), George A. Fuller (builder)
Constructed
1914
Style
British Neoclassical
Primary material
Steel frame
Built as
Store and lofts
City landmark
Stewart & Company Building: individual landmark, designated April 18, 2006 (LP-02185)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.

Office space nearby in Midtown

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 yet. These labeled examples show what tenants post. List a space in 402 Fifth Avenue and we match it against every new one automatically.

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Questions about Stewart & Company Building

How big is the Stewart & Company Building?

The Stewart & Company Building has about 83,000 square feet of floor area in total, including 68,000 square feet of office and 15,000 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 Stewart & Company Building built?

The Landmarks Preservation Commission's building records date the Stewart & Company Building to 1914, designed by Warren & Wetmore (architect), George A. Fuller (builder). The building is 9 floors tall.

Who designed the Stewart & Company Building?

Warren & Wetmore (architect), George A. Fuller (builder), according to the Landmarks Preservation Commission's building records, which list the style as British Neoclassical and its original use as store and lofts.

Is the Stewart & Company Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Stewart & Company Building an individual landmark on April 18, 2006 (LP-02185). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Stewart & Company Building?

The Stewart & Company Building is at 402 Fifth Avenue in Midtown, Manhattan. City records list 402-404 Fifth Avenue and 2 West 37th Street on the same tax lot (BBL 1008380048). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 402 Fifth Avenue?

402 Fifth Avenue is in ZIP code 10018, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Stewart & Company Building is at 402 Fifth Avenue, New York, NY 10018, in Midtown.

What is the zoning at the Stewart & Company Building?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.36 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the Stewart & Company Building?

The closest subway station to the Stewart & Company Building is 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), about 0.2 miles away in a straight line, roughly 4 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; Grand Central-42 St (the 4, 5, 6, 7 and S trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Stewart & Company Building?

The NYC Department of Finance's 2026/27 assessment roll lists 404 FIFTH OWNER LLC as the owner of record of the Stewart & Company Building (BBL 1008380048). 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.

Is there construction at the Stewart & Company Building?

In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at the Stewart & Company Building. In the last two years, interior work was permitted on 8 floors (floors 1 to 8, the cellar and the mezzanine). The newest build-out, on floors 1 to 8, the cellar and the mezzanine, was first permitted in March 2026 (construction; filed cost estimate $1.2 million). A sidewalk shed permit here is active until January 21, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1008380048. 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 Stewart & Company Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $13.3 million for the Stewart & Company Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.44 million a year, roughly $17.27 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008380048 show the actual bill.

What is the assessed value of the Stewart & Company Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Stewart & Company Building at $29.5 million ($16.4 million of it land) and its assessed value at $13.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 12% from 2022/23 ($33.4 million) to 2026/27.

Is there office space for lease at the Stewart & Company Building?

No space at 402 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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