550 Fifth Avenue

550 Fifth Avenue has about 56,000 square feet of floor area in total, including 51,000 square feet of office and 5,000 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 1940 as the year built, with a major alteration recorded in 2016. The building is 12 floors tall.

City records list 550-552 Fifth Avenue on the same tax lot (BBL 1012610036) as 550 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

550 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 full mailing address is 550 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 11.16 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 550 Fifth Avenue is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 950 feet away in a straight line, roughly 4 minutes on foot. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 4 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M 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 PLANET 550 CORP. as the owner of record of 550 Fifth Avenue (BBL 1012610036). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

550 Fifth Avenue last sold in July 2005 for $25.1 million, according to the deed recorded with the city. NEW ROCK HOLDING III LLC sold it to PLANET 550 CORP. The deed is ACRIS document 2005072001176004 (BBL 1012610036) 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.

550 Fifth Avenue reported an ENERGY STAR score of 22 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 22 earns a D. 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 103.6 kBtu per square foot, 45% above the national median of 71.3 for a similar property. Its greenhouse gas emissions were about 628 metric tons of CO2e (10.52 kg per square foot).

The Department of Buildings issued no permits for new jobs at 550 Fifth Avenue in the 12 months to September 2026; the last one was first permitted in September 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 1012610036. 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 $12.5 million for 550 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 $1.36 million a year, roughly $24.40 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012610036 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 550 Fifth Avenue at $30.9 million ($5.5 million of it land) and its assessed value at $13.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($25.5 million) to 2026/27.

No space at 550 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.