531 Fifth Avenue

531 Fifth Avenue has about 332,000 square feet of floor area in total, including 321,000 square feet of office and 11,000 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 1927 as the year built. The building is 36 floors tall.

City records list 1 East 44th Street and 531-537 Fifth Avenue on the same tax lot (BBL 1012790001) as 531 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

531 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 531 Fifth Avenue, New York, NY 10017, in Grand Central.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 20.08 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 531 Fifth Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 750 feet away in a straight line, roughly 3 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.

The NYC Department of Finance's 2026/27 assessment roll lists 535-545 FEE LLC as the owner of record of 531 Fifth Avenue (BBL 1012790001). 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.

531 Fifth Avenue last sold in March 2006 for $116.3 million, according to the deed recorded with the city. 535 OWNERS LLC sold it to 535-545 FEE LLC. That comes to about $350 per square foot of floor area. The deed is ACRIS document 2006031700403001 (BBL 1012790001) 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.

531 Fifth Avenue reported an ENERGY STAR score of 85 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 85 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 63.8 kBtu per square foot, 39% below the national median of 104 for a similar property. Its greenhouse gas emissions were about 1,961 metric tons of CO2e (6.38 kg per square foot).

At its 2024 energy use, 531 Fifth Avenue comes to about 1,419 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,519 tons for 2024 to 2029 (56% of the limit), so it would owe no penalty. From 2030 the limit drops to 836 tons and the same energy use counts as about 839 tons, about 3 tons over, or an estimated $700 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 9 jobs at 531 Fifth Avenue. In the last two years, interior work was permitted on 11 floors (floors 3, 8 to 11, 14, 18 to 20, 26 and 29, the cellar and the sub-cellar). The newest build-out, on the cellar and the sub-cellar, was first permitted in August 2026 (structural; filed cost estimate $26,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012790001. 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 $53.6 million for 531 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 $5.81 million a year, roughly $17.50 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012790001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 531 Fifth Avenue at $133.5 million ($20.7 million of it land) and its assessed value at $60.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 35% from 2022/23 ($99.1 million) to 2026/27.

Owners registered 3 storefronts at 531 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 531 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.