500 Fifth Avenue

500 Fifth Avenue has about 659,000 square feet of floor area in total, including 647,000 square feet of office, 12,000 square feet of retail and 0 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.

The Landmarks Preservation Commission's building records date 500 Fifth Avenue to 1929-1931, designed by Shreve, Lamb & Harmon. The building is 58 floors tall.

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

Yes. The Landmarks Preservation Commission designated 500 Fifth Avenue an individual landmark on December 14, 2010 (LP-02427). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

City records list 500-506 Fifth Avenue and 1-9 West 42nd Street on the same tax lot (BBL 1012580034) as 500 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

500 Fifth Avenue is in ZIP code 10110, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 500 Fifth Avenue, New York, NY 10110, in Midtown.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 31.51 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 500 Fifth Avenue is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 200 feet away in a straight line, roughly 1 minute on foot. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 3 min walk; Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), 6 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 500 FIFTH AVENUE NEW YORK LLC as the owner of record of 500 Fifth Avenue (BBL 1012580034). 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.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 500 Fifth Avenue. 3 public companies report the address as their principal executive office: SERITAGE GROWTH PROPERTIES (SRG), VINCE HOLDING CORP. (VNCE) and SLAM CORP.. 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.

500 Fifth Avenue reported an ENERGY STAR score of 80 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 80 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 61.6 kBtu per square foot, 38% below the national median of 99.1 for a similar property. Its greenhouse gas emissions were about 4,250 metric tons of CO2e (5.83 kg per square foot).

At its 2024 energy use, 500 Fifth Avenue comes to about 3,059 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 5,612 tons for 2024 to 2029 (55% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,040 tons and the same energy use counts as about 1,927 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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 18 jobs at 500 Fifth Avenue. In the last two years, interior work was permitted on 18 floors (floors 1, 2, 7, 8, 13, 16, 20 to 23, 28, 33, 42, 49, 50, 54, 55 and 57 and the cellar). The newest build-out, on floor 22, was first permitted in October 2026 (construction; filed cost estimate $197,000). A sidewalk shed permit here is active until December 29, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012580034. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $114.8 million for 500 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 $12.5 million a year, roughly $18.90 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012580034 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 500 Fifth Avenue at $255.2 million ($58 million of it land) and its assessed value at $114.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value held steady from 2022/23 to 2026/27.

Owners registered 8 storefronts at 500 Fifth Avenue for December 31, 2025, the newest annual filing the city has published, and none stood 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.

No space at 500 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.