Manufacturers Trust Company Building

The Manufacturers Trust Company Building has about 57,000 square feet of floor area in total, including 35,000 square feet of office and 22,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date the Manufacturers Trust Company Building to 1953-1954, designed by Skidmore, Owings & Merrill (Gordon Bunschaft). The building is 5 floors tall.

Skidmore, Owings & Merrill (Gordon Bunschaft), according to the Landmarks Preservation Commission's building records, which list the style as International Style and its original use as a bank.

Yes. The Landmarks Preservation Commission designated the Manufacturers Trust Company Building an individual landmark on October 21, 1997 (LP-01968). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

The Manufacturers Trust Company Building is at 510 Fifth Avenue in Midtown, Manhattan. City records list 510-514 Fifth Avenue and 2 West 43rd Street on the same tax lot (BBL 1012580040). A space listed on Leasemark at any of these addresses shows up on this page.

510 Fifth Avenue is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Manufacturers Trust Company Building is at 510 Fifth Avenue, New York, NY 10036, in Midtown.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.56 and a maximum commercial FAR of 15 for this lot.

The closest subway station to the Manufacturers Trust Company Building is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 300 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 510 FIFTH PROPCO LLC as the owner of record of the Manufacturers Trust Company Building (BBL 1012580040). 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.

The Manufacturers Trust Company Building last sold in August 2023 for $50 million, according to the deed recorded with the city. 510 FIFTH AVENUE LLC sold it to 510 FIFTH PROPCO LLC. That comes to about $874 per square foot of floor area. The deed is ACRIS document 2023081700653001 (BBL 1012580040) 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.

The Manufacturers Trust Company Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 102.7 kBtu per square foot, 2.3 times the national median of 44.7 for a similar property. Its greenhouse gas emissions were about 710 metric tons of CO2e (11.19 kg per square foot).

At its 2024 energy use, the Manufacturers Trust Company Building comes to about 519 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 481 tons for 2024 to 2029: about 38 tons over, an estimated penalty of $10,000 a year. From 2030 the limit drops to 154 tons and the same energy use counts as about 277 tons, about 123 tons over, or an estimated $33,000 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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at the Manufacturers Trust Company Building. In the last two years, interior work was permitted on 5 floors (floors 1 to 5, the cellar, the ground floor and the mezzanine). The newest build-out, on floors 3 and 4, was first permitted in May 2026 (construction; filed cost estimate $50,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012580040. 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 $15.1 million for the Manufacturers Trust 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 $1.64 million a year, roughly $28.62 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012580040 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Manufacturers Trust Company Building at $34.3 million ($13.2 million of it land) and its assessed value at $15.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($32.4 million) to 2026/27.

Owners registered one storefront at the Manufacturers Trust Company Building for December 31, 2024, 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.

No space at 510 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.