501 Seventh Avenue

501 Seventh Avenue has about 433,000 square feet of floor area in total, including 415,000 square feet of office and 16,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1923 as the year built, with a major alteration recorded in 1989. The building is 17 floors tall.

City records list 501-511 Seventh Avenue and 135-153 West 37th Street on the same tax lot (BBL 1008130001) as 501 Seventh Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

501 Seventh 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 full mailing address is 501 Seventh Avenue, New York, NY 10018, in the Garment District.

The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 17.98 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 501 Seventh Avenue is 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), about 850 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the 1, 2 and 3 trains), 4 min walk; 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists ESRT 501 SEVENTH AVENUE, L.L.C. as the owner of record of 501 Seventh Avenue (BBL 1008130001). 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.

501 Seventh Avenue last sold in October 2013 for $95.6 million, according to the deed recorded with the city. SEVENTH & 37TH BUILDING ASSOCIATES and SEVENTH & 37TH BUILDING ASSOCIATES L.L.C. sold it to ESRT 501 SEVENTH AVENUE, L.L.C.. That comes to about $221 per square foot of floor area. The deed is ACRIS document 2013101400112001 (BBL 1008130001) 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.

501 Seventh Avenue reported an ENERGY STAR score of 86 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 86 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 46.7 kBtu per square foot, 46% below the national median of 86.2 for a similar property. Its greenhouse gas emissions were about 2,164 metric tons of CO2e (4.76 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 13 jobs at 501 Seventh Avenue. In the last two years, interior work was permitted on 6 floors (floors 1, 3, 4, 9, 10 and 16, the basement, the cellar and the mezzanine). The newest build-out, on floor 1, the cellar and the mezzanine, was first permitted in October 2026 (construction, mechanical, plumbing; filed cost estimate $129,000). A sidewalk shed permit here is active until December 1, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1008130001. 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 $42.2 million for 501 Seventh Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $4.58 million a year, roughly $10.56 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008130001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 501 Seventh Avenue at $97.2 million ($40.8 million of it land) and its assessed value at $43.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($90.2 million) to 2026/27.

Owners registered 9 storefronts at 501 Seventh Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. 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.

No space at 501 Seventh 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.