Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
24/7 accessADA accessible
Owners: got a fit?I have a fit
Office building · Midtown, Manhattan
556 Fifth Avenue
New York, NY 10036
556 Fifth Avenue is a 7-floor office building in Midtown, Manhattan, built in 1927, with about 39,000 square feet of office space according to city records.
Also at 556-558 Fifth Avenue.
- Office space
- 39K SF
- Floors
- 7
- Year built
- 1927
- Zoning
- C5-3
The 344th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 556 Fifth Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Midtown and hear the moment a tenant posts a requirement there.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 556 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 556 Fifth Avenue is the smallest by office floor area. It went up in 1927; the median neighbor dates from 1947. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 556 Fifth Avenue | 39K SF | 7 | 1927 | Exempt |
| 550 Fifth Avenue | 51K SF | 12 | 1940 | $24.40 |
| 2 West 46th Street | 99K SF | 16 | 1926 | $17.14 |
| 546 Fifth Avenue | 176K SF | 22 | 1989 | $16.16 |
| 7 West 45th Street | 60K SF | 17 | 1913 | $12.53 |
| 10 West 46th Street | 65K SF | 20 | 1987 | $16.08 |
| 553 Fifth Avenue | 170K SF | 19 | 1955 | $17.16 |
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). 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 address
- 556-558 Fifth Avenue
- ZIP code
- 10036
- Building type
- Office building (city class O3)
- Total floor area
- 39,100 SF
- Commercial floor area
- 39,100 SF
- Office
- 39,100 SF
- Height
- 7 floors
- Average floor
- About 5,600 SF (floor area divided by floors)
- Year built
- 1927
- Last major alteration
- 1974
- Lot area
- 5,000 SF
- Zoning district
- C5-3
- Built FAR
- 7.82
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012610039
Nearest subway
- 5 Av
- 47-50 Sts-Rockefeller Ctr
- Grand Central-42 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 REPUBLIC PHILIPPINES as the owner of record. For tax year 2026/27 the city values 556 Fifth Avenue at $11.9 million and assesses it at $5.38 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- REPUBLIC PHILIPPINES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $11,946,000
- Land market value
- $7,510,000
- Assessed value
- $5,375,700
- Exemptions
- $5,375,700
- Estimated yearly tax
- Fully exempt on the roll
City market value by tax year
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 2026-10-08. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
Own or manage 556 Fifth Avenue? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
556 Fifth Avenue'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 greenhouse gas emissions were about 25,965 metric tons of CO2e (665.77 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Greenhouse gas emissions
- 25,965 t CO2e
- Emissions per SF
- 665.77 kg CO2e
- Floor area in the filing
- 39,000 SF
Energy sources in 2024
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 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 556 Fifth Avenue in the 12 months to October 2026; the last one was first permitted in August 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- August 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across MidtownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). 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.
Office space nearby in Midtown
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
What a requirement here looks like
No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 556 Fifth Avenue and we match it against every new one automatically.
Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
Owners: got a fit?I have a fit
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
Rentable vs usable square feet and the loss factor, explained
Rentable vs usable square feet in NYC: what the loss factor is, how to calculate it, and why two 5,000 SF suites at the same rent can be very different deals.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 556 Fifth Avenue
How big is 556 Fifth Avenue?
556 Fifth Avenue has about 39,000 square feet of floor area in total, including 39,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 556 Fifth Avenue built?
City records list 1927 as the year built, with a major alteration recorded in 1974. The building is 7 floors tall.
What other addresses does 556 Fifth Avenue have?
City records list 556-558 Fifth Avenue on the same tax lot (BBL 1012610039) as 556 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 556 Fifth Avenue?
556 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 556 Fifth Avenue, New York, NY 10036, in Midtown.
What is the zoning at 556 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 7.82 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 556 Fifth Avenue?
The closest subway station to 556 Fifth Avenue is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 4 min walk; Grand Central-42 St (the 4, 5, 6, 7 and S trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 556 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists REPUBLIC PHILIPPINES as the owner of record of 556 Fifth Avenue (BBL 1012610039). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 556 Fifth Avenue have an energy grade?
556 Fifth Avenue'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 greenhouse gas emissions were about 25,965 metric tons of CO2e (665.77 kg per square foot).
Is there construction at 556 Fifth Avenue?
The Department of Buildings issued no permits for new jobs at 556 Fifth Avenue in the 12 months to October 2026; the last one was first permitted in August 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1012610039. 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 556 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 556 Fifth Avenue, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1012610039 show what is actually billed.
What is the assessed value of 556 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 556 Fifth Avenue at $11.9 million ($7.51 million of it land) and its assessed value at $5.38 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($9.9 million) to 2026/27.
Is there office space for lease at 556 Fifth Avenue?
No space at 556 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.
2,180 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Most searched building pages
- 48 West 38th StreetMidtown
- 30-30 Thomson AvenueLong Island City
- 117 Duane StreetTribeca
- One Bryant Park1111 Avenue of the Americas, Midtown
- 242 West 36th StreetGarment District
- 310 Hudson StreetHudson Square
- 101 Avenue of the AmericasHudson Square
- 45 Main StreetDumbo
Ranked by how often Google showed each page in search results, Sep 7 to Oct 4, 2026.
Midtown
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq