Office building with commercial space · Midtown, Manhattan

Lord & Taylor Building

424 Fifth Avenue, New York, NY 10018

The Lord & Taylor Building (424 Fifth Avenue) is a 14-floor office building with commercial space in Midtown, Manhattan, built in 1914, with about 614,000 square feet of office space according to city records.

Also at 424-438 Fifth Avenue, 1-11 West 38th Street and 2-14 West 39th Street.

Office space
614K SF
Floors
14
Year built
1914
Zoning
C5-3

Office space next to its nearest neighbors

  1. Lord & Taylor BuildingThis building614K SF
  2. 8 West 38th Street1 min walk101K SF
  3. Barbey Building1 min walk60K SF
  4. 16 West 39th Street1 min walk36K SF

The 63rd 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 Lord & Taylor Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Lord & Taylor Building is the largest by office floor area. It went up in 1914; the median neighbor dates from 1912. Its estimated property tax, about $35.74 a square foot of floor area before abatements, is above the neighbors' median of $11.00.

The Lord & Taylor 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
Lord & Taylor Building, 424 Fifth AvenueThis building614K SF141914$35.74Mar 2020, $978M
16 West 39th Street1 min walk36K SF121916$10.25Jun 2024, $18M
Barbey Building, 15 West 38th Street1 min walk60K SF121909$9.29n/a
8 West 38th Street1 min walk101K SF121900$11.75Jul 2024, $35M
1 West 39th Street1 min walk123K SF121923$14.22Apr 2010, $330M (2 lots)
21 West 38th Street1 min walk62K SF171917$8.75n/a
Knox Building, 452 Fifth Avenue1 min walk592K SF291902$27.19Apr 2010, $330M (2 lots)
The 63rd largest of the 351 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 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Building name
Lord & Taylor Building
Other addresses
424-438 Fifth Avenue; 1-11 West 38th Street; 2-14 West 39th Street
ZIP code
10018
Building type
Office building with commercial space (city class O6)
Total floor area
693,256 SF
Commercial floor area
693,256 SF
Office
613,824 SF
Retail
79,432 SF
Height
14 floors
Average floor
About 49,500 SF (floor area divided by floors)
Year built (tax records)
1920
Last major alteration
2019
Lot area
51,271 SF
Zoning district
C5-3
Built FAR
13.52
Max commercial FAR
15
Landmark status
Individual landmark
Tax lot (BBL)
1008400042

Nearest subway

  • 5 Av3 min walk · Not accessible · connects to 42 St-Bryant Pk
  • Grand Central-42 St4 min walk · Accessible station
  • 34 St-Herald Sq6 min walk · Accessible station

Nearby large buildings

All 115 large office buildings on Fifth Avenue

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered one storefront at the Lord & Taylor Building for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2025
1
Vacant that day
0
Share vacant across Midtown
14.3%
Share vacant along Fifth Avenue
14.0%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 2019None registered
  • 2020None registered
  • 2021None registered
  • 2022None registered
  • 2023None registered
  • 2024None registered
  • 20250 of 1

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 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 AMAZON.COM SERVICES LLC as the owner of record. For tax year 2026/27 the city values the Lord & Taylor Building at $509.3 million and assesses it at $229.2 million. After phase-ins and exemptions its taxable value is $228.4 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 $24.8 million a year before abatements, roughly $35.74 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
AMAZON.COM SERVICES LLC
Tax class
Class 4 (commercial and industrial)
City market value
$509,288,000
Land market value
$36,112,000
Assessed value
$229,179,600
Taxable value (phased in)
$228,409,110
Estimated yearly tax
About $24.8 million
Tax per SF of floor area
About $35.74

City market value by tax year

  • 2022/23$252 million
  • 2023/24$311.1 million
  • 2024/25$506.7 million
  • 2025/26$508.6 million
  • 2026/27$509.3 million

Market value rose 102% from 2022/23 ($252 million) to 2026/27.

How Midtown 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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NYC property records (ACRIS)

Sales history

The Lord & Taylor Building last sold in March 2020 for $978.1 million, according to the deed recorded with the city. 424 FIFTH AVENUE LLC sold it to AMAZON.COM SERVICES LLC. That comes to about $1,411 per square foot of floor area.

Last sale (deed date)
March 12, 2020
Price
$978,090,439
Price per SF of floor area
About $1,411
Seller
424 FIFTH AVENUE LLC
Buyer
AMAZON.COM SERVICES LLC
Deed recorded
March 13, 2020
ACRIS document
2020031201309007
All 82 building sales in Midtown since 2016

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 Lord & Taylor Building reported an ENERGY STAR score of 87 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 41.6 kBtu per square foot, 47% below the national median of 78.7 for a similar property. Its greenhouse gas emissions were about 3,041 metric tons of CO2e (4.38 kg per square foot).

ENERGY STAR score (2024)
87 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
41.6 kBtu/SF
National median for the type
78.7 kBtu/SF
Greenhouse gas emissions
3,041 t CO2e
Emissions per SF
4.38 kg CO2e
Floor area in the filing
693,729 SF

Energy sources in 2024

  • Electricity80%
  • District steam20%

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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, the Lord & Taylor Building comes to about 2,215 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 5,258 tons for 2024 to 2029 (42% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,867 tons and the same energy use counts as about 1,231 tons, still under the limit.

Period
2024 to 2029
Emissions limit
5,258 t CO2e
Estimated emissions
2,215 t CO2e
Under the limit by
3,043 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
1,867 t CO2e
Estimated emissions
1,231 t CO2e
Under the limit by
636 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 693,729 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 424 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 7 jobs at the Lord & Taylor Building. In the last two years, interior work was permitted on 5 floors (floors 1, 2, 5, 6 and 11, the cellar, the mezzanine and the sub-cellar). The newest build-out, on the cellar, was first permitted in June 2026 (construction; filed cost estimate $70,000).

New jobs, last 12 months
7
Initial permits, last 12 months
8
Newest job first permitted
June 2026
Interior build-outs, last 24 months
7
Floors with interior work, last 24 months
1, 2, 5, 6 and 11, cellar, mezzanine, sub-cellar

Recent build-outs

  • CellarJune 2026Construction; est. $70,000
  • Floors 5 and 6March 2026Construction; est. $85,000
  • Floor 11February 2026Construction; est. $65,000; signed off
  • CellarJanuary 2026Construction, Structural; 2 jobs; est. $370,000; signed off
  • Floors 1 and 2, cellar, mezzanineMarch 2025Structural; est. $337,000; signed off
  • Floor 1, cellar, mezzanine, sub-cellarMarch 2025Plumbing, Sprinklers, Standpipe; est. $2.6 million

The newest 6 of 7 in the last 24 months.

New jobs by year

  • 20216
  • 202249
  • 20232
  • 20241
  • 20255
  • 2026 to date7

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 Lord & Taylor Building was designed by Starrett & Van Vleck and built in 1913-1914 in the Italian Renaissance Revival style. The Landmarks Preservation Commission designated it a New York City landmark on October 30, 2007.

Architect
Starrett & Van Vleck
Constructed
1913-1914
Style
Italian Renaissance Revival
Primary material
Gray brick
Built as
Department store
City landmark
Lord & Taylor Building: individual landmark, designated October 30, 2007 (LP-02271)

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 Lord & Taylor Building

How big is the Lord & Taylor Building?

The Lord & Taylor Building has about 693,000 square feet of floor area in total, including 614,000 square feet of office and 79,000 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 Lord & Taylor Building built?

The Landmarks Preservation Commission's building records date the Lord & Taylor Building to 1913-1914, designed by Starrett & Van Vleck. City tax records list 1920 as the year built. The building is 14 floors tall.

Who designed the Lord & Taylor Building?

Starrett & Van Vleck, according to the Landmarks Preservation Commission's building records, which list the style as Italian Renaissance Revival and its original use as a department store.

Is the Lord & Taylor Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Lord & Taylor Building an individual landmark on October 30, 2007 (LP-02271). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Lord & Taylor Building?

The Lord & Taylor Building is at 424 Fifth Avenue in Midtown, Manhattan. City records list 424-438 Fifth Avenue, 1-11 West 38th Street and 2-14 West 39th Street on the same tax lot (BBL 1008400042). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 424 Fifth Avenue?

424 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 Lord & Taylor Building is at 424 Fifth Avenue, New York, NY 10018, in Midtown.

What is the zoning at the Lord & Taylor Building?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.52 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the Lord & Taylor Building?

The closest subway station to the Lord & Taylor Building is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 900 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 4 min walk; 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Lord & Taylor Building?

The NYC Department of Finance's 2026/27 assessment roll lists AMAZON.COM SERVICES LLC as the owner of record of the Lord & Taylor Building (BBL 1008400042). 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 Lord & Taylor Building last sold?

The Lord & Taylor Building last sold in March 2020 for $978.1 million, according to the deed recorded with the city. 424 FIFTH AVENUE LLC sold it to AMAZON.COM SERVICES LLC. That comes to about $1,411 per square foot of floor area. The deed is ACRIS document 2020031201309007 (BBL 1008400042) 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 Lord & Taylor Building?

The Lord & Taylor Building reported an ENERGY STAR score of 87 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 87 earns an A. 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 41.6 kBtu per square foot, 47% below the national median of 78.7 for a similar property. Its greenhouse gas emissions were about 3,041 metric tons of CO2e (4.38 kg per square foot).

Does the Lord & Taylor Building meet Local Law 97?

At its 2024 energy use, the Lord & Taylor Building comes to about 2,215 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 5,258 tons for 2024 to 2029 (42% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,867 tons and the same energy use counts as about 1,231 tons, still under the limit. 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 Lord & Taylor Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at the Lord & Taylor Building. In the last two years, interior work was permitted on 5 floors (floors 1, 2, 5, 6 and 11, the cellar, the mezzanine and the sub-cellar). The newest build-out, on the cellar, was first permitted in June 2026 (construction; filed cost estimate $70,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008400042. 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 Lord & Taylor Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $228.4 million for the Lord & Taylor Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $24.8 million a year, roughly $35.74 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008400042 show the actual bill.

What is the assessed value of the Lord & Taylor Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Lord & Taylor Building at $509.3 million ($36.1 million of it land) and its assessed value at $229.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 102% from 2022/23 ($252 million) to 2026/27.

Are there vacant storefronts at the Lord & Taylor Building?

Owners registered one storefront at the Lord & Taylor Building for December 31, 2025, the newest annual filing the city has published, and it was not 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 the Lord & Taylor Building?

No space at 424 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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