Office building with commercial space · Grand Central, Manhattan

529 Fifth Avenue

New York, NY 10017

529 Fifth Avenue is a 19-floor office building with commercial space in Grand Central, Manhattan, built in 1958, with about 243,000 square feet of office space according to city records.

Also at 2-4 East 44th Street and 527-529 Fifth Avenue.

Office space
243K SF
Floors
19
Year built
1958
Zoning
C5-3

Office space next to its nearest neighbors

  1. 521 Fifth Avenue1 min walk372K SF
  2. 531 Fifth Avenue1 min walk321K SF
  3. 529 Fifth AvenueThis building243K SF
  4. 7 East 44th Street1 min walk105K SF

The 41st largest of the 83 office buildings we track in Grand Central. Compare it with 6 neighbors

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Compared with its neighbors

How 529 Fifth Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 529 Fifth Avenue ranks 4th of 7 by office floor area. Built in 1958, it is the newest of them. Its estimated property tax, about $14.68 a square foot of floor area before abatements, is below the neighbors' median of $17.87.

529 Fifth Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
529 Fifth AvenueThis building243K SF191958$14.68Jun 2023, $108M
521 Fifth Avenue1 min walk372K SF381929$18.24May 2019, $379M
531 Fifth Avenue1 min walk321K SF361927$17.50Mar 2006, $116M
7 East 44th Street1 min walk105K SF181927$13.87Oct 2025, $75M
511 Fifth Avenue1 min walk121K SF171917$13.36n/a
545 Fifth Avenue1 min walk150K SF131930$20.95Mar 2006, $116M
340 Madison Avenue1 min walk538K SF221922$26.41Mar 2025, $161M
The 41st largest of the 83 office buildings we track in Grand Central: 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

Other addresses
2-4 East 44th Street; 527-529 Fifth Avenue
ZIP code
10017
Building type
Office building with commercial space (city class O6)
Total floor area
271,266 SF
Commercial floor area
271,266 SF
Office
243,266 SF
Retail
28,000 SF
Height
19 floors
Average floor
About 14,300 SF (floor area divided by floors)
Year built
1958
Last major alteration
2016
Lot area
14,525 SF
Zoning district
C5-3
Built FAR
18.68
Max commercial FAR
15
Tax lot (BBL)
1012780069

Nearest subway

  • Grand Central-42 St2 min walk · Accessible station
  • 5 Av3 min walk · Not accessible · connects to 42 St-Bryant Pk
  • 47-50 Sts-Rockefeller Ctr6 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; 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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists FIFTH CITY REALTY LLC as the owner of record. For tax year 2026/27 the city values 529 Fifth Avenue at $81.6 million and assesses it at $36.7 million. After phase-ins and exemptions its taxable value is $36.7 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 $3.98 million a year before abatements, roughly $14.68 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
FIFTH CITY REALTY LLC
Tax class
Class 4 (commercial and industrial)
City market value
$81,558,000
Land market value
$14,400,000
Assessed value
$36,701,100
Estimated yearly tax
About $3.98 million
Tax per SF of floor area
About $14.68

City market value by tax year

  • 2022/23$77.8 million
  • 2023/24$89.9 million
  • 2024/25$87.8 million
  • 2025/26$89 million
  • 2026/27$81.6 million

Market value rose 5% from 2022/23 ($77.8 million) to 2026/27.

How Grand Central 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

529 Fifth Avenue last sold in June 2023 for $107.6 million, according to the deed recorded with the city. 529 FIFTH COMPANY HOLDINGS LLC sold it to EMPIRE 529 FIFTH LLC and FIFTH CITY REALTY LLC. That comes to about $397 per square foot of floor area.

Last sale (deed date)
June 22, 2023
Price
$107,608,985
Price per SF of floor area
About $397
Seller
529 FIFTH COMPANY HOLDINGS LLC
Buyer
EMPIRE 529 FIFTH LLC and FIFTH CITY REALTY LLC
Deed recorded
June 26, 2023
ACRIS document
2023062201230001

Recorded sales

All 24 building sales in Grand Central 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.

SEC filings (EDGAR)

Companies with offices here

One investment manager gives 529 Fifth Avenue as its office address in SEC filings.

Investment manager

Office address on their latest 13F holdings report

  • ARS Investment Partners, LLC13F, Jul 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

529 Fifth Avenue reported an ENERGY STAR score of 88 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 40.4 kBtu per square foot, 49% below the national median of 79.4 for a similar property. Its greenhouse gas emissions were about 1,133 metric tons of CO2e (4.18 kg per square foot).

ENERGY STAR score (2024)
88 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
40.4 kBtu/SF
National median for the type
79.4 kBtu/SF
Greenhouse gas emissions
1,133 t CO2e
Emissions per SF
4.18 kg CO2e
Floor area in the filing
271,266 SF

ENERGY STAR score by year

  • 202276 (B)
  • 202387 (A)
  • 202488 (A)

Energy sources in 2024

  • Electricity76%
  • District steam24%

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, 529 Fifth Avenue comes to about 823 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,082 tons for 2024 to 2029 (40% of the limit), so it would owe no penalty. From 2030 the limit drops to 724 tons and the same energy use counts as about 468 tons, still under the limit.

Period
2024 to 2029
Emissions limit
2,082 t CO2e
Estimated emissions
823 t CO2e
Under the limit by
1,259 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
724 t CO2e
Estimated emissions
468 t CO2e
Under the limit by
255 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 242,426 SF; Performing Arts 28,840 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.

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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 1 job at 529 Fifth Avenue. In the last two years, interior work was permitted on 5 floors (floors 1 to 4 and 14). The newest build-out, on floor 14, was first permitted in April 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $209,000).

New jobs, last 12 months
1
Initial permits, last 12 months
7
Newest job first permitted
April 2026
Interior build-outs, last 24 months
4
Floors with interior work, last 24 months
1 to 4 and 14

Recent build-outs

  • Floor 14April 2026Construction, Mechanical, Plumbing, Sprinklers; est. $209,000
  • Floors 2 to 4October 2025Construction; est. $347,000
  • Floors 2 to 4April 2025Construction, Mechanical, Plumbing, Sprinklers, Structural; est. $1.7 million; signed off
  • Floors 1 and 2November 2024Construction; est. $1.8 million

New jobs by year

  • 202115
  • 202215
  • 20235
  • 20246
  • 20252
  • 2026 to date1

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.

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Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 529 Fifth Avenue

How big is 529 Fifth Avenue?

529 Fifth Avenue has about 271,000 square feet of floor area in total, including 243,000 square feet of office and 28,000 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 529 Fifth Avenue built?

City records list 1958 as the year built, with a major alteration recorded in 2016. The building is 19 floors tall.

What other addresses does 529 Fifth Avenue have?

City records list 2-4 East 44th Street and 527-529 Fifth Avenue on the same tax lot (BBL 1012780069) as 529 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 529 Fifth Avenue?

529 Fifth Avenue is in ZIP code 10017, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 529 Fifth Avenue, New York, NY 10017, in Grand Central.

What is the zoning at 529 Fifth Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 18.68 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 529 Fifth Avenue?

The closest subway station to 529 Fifth Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 600 feet away in a straight line, roughly 2 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), 3 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 529 Fifth Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists FIFTH CITY REALTY LLC as the owner of record of 529 Fifth Avenue (BBL 1012780069). 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.

Who are the tenants at 529 Fifth Avenue?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 529 Fifth Avenue. One investment manager files 13F holdings reports from the address: ARS Investment Partners, LLC. 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.

When was 529 Fifth Avenue last sold?

529 Fifth Avenue last sold in June 2023 for $107.6 million, according to the deed recorded with the city. 529 FIFTH COMPANY HOLDINGS LLC sold it to EMPIRE 529 FIFTH LLC and FIFTH CITY REALTY LLC. That comes to about $397 per square foot of floor area. The deed is ACRIS document 2023062201230001 (BBL 1012780069) 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 529 Fifth Avenue?

529 Fifth Avenue reported an ENERGY STAR score of 88 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 88 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 40.4 kBtu per square foot, 49% below the national median of 79.4 for a similar property. Its greenhouse gas emissions were about 1,133 metric tons of CO2e (4.18 kg per square foot).

Does 529 Fifth Avenue meet Local Law 97?

At its 2024 energy use, 529 Fifth Avenue comes to about 823 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,082 tons for 2024 to 2029 (40% of the limit), so it would owe no penalty. From 2030 the limit drops to 724 tons and the same energy use counts as about 468 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 529 Fifth Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 529 Fifth Avenue. In the last two years, interior work was permitted on 5 floors (floors 1 to 4 and 14). The newest build-out, on floor 14, was first permitted in April 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $209,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012780069. 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 529 Fifth Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $36.7 million for 529 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 $3.98 million a year, roughly $14.68 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012780069 show the actual bill.

What is the assessed value of 529 Fifth Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 529 Fifth Avenue at $81.6 million ($14.4 million of it land) and its assessed value at $36.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($77.8 million) to 2026/27.

Is there office space for lease at 529 Fifth Avenue?

No space at 529 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.

2,723 buildings from city records

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