Office building · Midtown, Manhattan

563 Fifth Avenue

New York, NY 10017

563 Fifth Avenue is a 29-floor office building in Midtown, Manhattan, built in 1991, with about 311,000 square feet of office space according to city records.

Also at 1-9 East 46th Street and 563-569 Fifth Avenue.

Office space
311K SF
Floors
29
Year built
1991
Zoning
C5-3

Office space next to its nearest neighbors

  1. 390 Madison Avenue1 min walk760K SF
  2. 575 Fifth Avenue1 min walk371K SF
  3. 563 Fifth AvenueThis building311K SF
  4. 553 Fifth Avenue1 min walk170K SF

The 126th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How 563 Fifth Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 563 Fifth Avenue ranks 4th of 7 by office floor area. Built in 1991, it is the newest of them. Its estimated property tax, about $24.28 a square foot of floor area before abatements, is above the neighbors' median of $18.23.

563 Fifth Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
563 Fifth AvenueThis building311K SF291991$24.28
575 Fifth Avenue1 min walk371K SF351962$24.23
553 Fifth Avenue1 min walk170K SF191955$17.16
390 Madison Avenue1 min walk760K SF321953Exempt
579 Fifth Avenue1 min walk118K SF161954$19.30
Fred F. French Building, 547 Fifth Avenue1 min walk395K SF381927$16.04
556 Fifth Avenue1 min walk39K SF71927Exempt
The 126th largest of the 351 office buildings we track in Midtown: 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). 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
1-9 East 46th Street; 563-569 Fifth Avenue
ZIP code
10017
Building type
Office building (city class O4)
Total floor area
345,048 SF
Commercial floor area
345,048 SF
Office
310,587 SF
Retail
34,461 SF
Height
29 floors
Average floor
About 11,900 SF (floor area divided by floors)
Year built
1991
Last major alteration
2016
Lot area
18,075 SF
Zoning district
C5-3
Built FAR
19.09
Max commercial FAR
15
Tax lot (BBL)
1012820001

Nearest subway

  • Grand Central-42 St5 min walk · Accessible station
  • 47-50 Sts-Rockefeller Ctr5 min walk · Accessible station
  • 5 Av5 min walk · Not accessible · connects to 42 St-Bryant Pk

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 3 storefronts at 563 Fifth Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2025
3
Vacant that day
0
Share vacant across Midtown
14.3%
Share vacant along Fifth Avenue
14.0%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20190 of 3
  • 20200 of 3
  • 20210 of 3
  • 20220 of 3
  • 20230 of 3
  • 20240 of 3
  • 20250 of 3

Bars show the share of the lot's registered storefronts that stood vacant.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2025 filing was due June 1, 2026, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 5TH MIDTOWN COMPANY as the owner of record. For tax year 2026/27 the city values 563 Fifth Avenue at $171.6 million and assesses it at $77.2 million. After phase-ins and exemptions its taxable value is $77.2 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 $8.38 million a year before abatements, roughly $24.28 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
5TH MIDTOWN COMPANY
Tax class
Class 4 (commercial and industrial)
City market value
$171,613,000
Land market value
$22,500,000
Assessed value
$77,225,850
Estimated yearly tax
About $8.38 million
Tax per SF of floor area
About $24.28

City market value by tax year

  • 2022/23$187.8 million
  • 2023/24$185.6 million
  • 2024/25$186.7 million
  • 2025/26$186.6 million
  • 2026/27$171.6 million

Market value fell 9% from 2022/23 ($187.8 million) to 2026/27.

How Midtown 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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SEC filings (EDGAR)

Companies with offices here

One investment manager gives 563 Fifth Avenue as its office address in SEC filings.

Investment manager

Office address on their latest 13F holdings report

  • BECK MACK & OLIVER LLC13F, Aug 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

563 Fifth Avenue reported an ENERGY STAR score of 68 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 63.1 kBtu per square foot, 22% below the national median of 81.3 for a similar property. Its greenhouse gas emissions were about 2,205 metric tons of CO2e (6.39 kg per square foot).

ENERGY STAR score (2024)
68 of 100
Grade this score earns (Local Law 33)
C (55 to 69)
Property type (Portfolio Manager)
Office
Site energy use intensity
63.1 kBtu/SF
National median for the type
81.3 kBtu/SF
Greenhouse gas emissions
2,205 t CO2e
Emissions per SF
6.39 kg CO2e
Floor area in the filing
345,048 SF

ENERGY STAR score by year

  • 202249 (D)
  • 202361 (C)
  • 202468 (C)

Energy sources in 2024

  • Electricity72%
  • District steam28%

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, 563 Fifth Avenue comes to about 1,598 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,615 tons for 2024 to 2029 (61% of the limit), so it would owe no penalty. From 2030 the limit drops to 902 tons and the same energy use counts as about 930 tons, about 28 tons over, or an estimated $7,600 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
2,615 t CO2e
Estimated emissions
1,598 t CO2e
Under the limit by
1,017 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
902 t CO2e
Estimated emissions
930 t CO2e
Over the limit by
28 t CO2e
Estimated penalty a year
$7,600

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 299,423 SF; Retail Store 45,625 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 6 jobs at 563 Fifth Avenue. In the last two years, interior work was permitted on 6 floors (floors 4, 12, 15 to 17 and 20). The newest build-out, on floor 17, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $1.5 million).

New jobs, last 12 months
6
Initial permits, last 12 months
14
Newest job first permitted
June 2026
Interior build-outs, last 24 months
7
Floors with interior work, last 24 months
4, 12, 15 to 17 and 20

Recent build-outs

  • Floor 17June 2026Construction, Mechanical, Plumbing, Sprinklers; est. $1.5 million
  • Floor 4March 2026Sprinklers; est. $23,000; signed off
  • Floor 16February 2026Construction, Mechanical, Plumbing, Sprinklers; est. $882,000; signed off
  • Floor 20December 2025Construction, Mechanical, Sprinklers; est. $882,000
  • Floor 4October 2025Construction, Mechanical; 2 jobs; est. $412,000; signed off
  • Floor 12June 2025Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $234,000; signed off

The newest 6 of 7 in the last 24 months.

New jobs by year

  • 20215
  • 20223
  • 20235
  • 202420
  • 20258
  • 2026 to date3

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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Questions about 563 Fifth Avenue

How big is 563 Fifth Avenue?

563 Fifth Avenue has about 345,000 square feet of floor area in total, including 311,000 square feet of office and 34,000 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 563 Fifth Avenue built?

City records list 1991 as the year built, with a major alteration recorded in 2016. The building is 29 floors tall.

What other addresses does 563 Fifth Avenue have?

City records list 1-9 East 46th Street and 563-569 Fifth Avenue on the same tax lot (BBL 1012820001) as 563 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 563 Fifth Avenue?

563 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 563 Fifth Avenue, New York, NY 10017, in Midtown.

What is the zoning at 563 Fifth Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 19.09 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 563 Fifth Avenue?

The closest subway station to 563 Fifth Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 0.2 miles away in a straight line, roughly 5 minutes on foot. The MTA lists it as an accessible station. Also nearby: 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 5 min walk; 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 563 Fifth Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 5TH MIDTOWN COMPANY as the owner of record of 563 Fifth Avenue (BBL 1012820001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Who are the tenants at 563 Fifth Avenue?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 563 Fifth Avenue. One investment manager files 13F holdings reports from the address: BECK MACK & OLIVER 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.

What is the energy grade of 563 Fifth Avenue?

563 Fifth Avenue reported an ENERGY STAR score of 68 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 68 earns a C. 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 63.1 kBtu per square foot, 22% below the national median of 81.3 for a similar property. Its greenhouse gas emissions were about 2,205 metric tons of CO2e (6.39 kg per square foot).

Does 563 Fifth Avenue meet Local Law 97?

At its 2024 energy use, 563 Fifth Avenue comes to about 1,598 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,615 tons for 2024 to 2029 (61% of the limit), so it would owe no penalty. From 2030 the limit drops to 902 tons and the same energy use counts as about 930 tons, about 28 tons over, or an estimated $7,600 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.

Is there construction at 563 Fifth Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 6 jobs at 563 Fifth Avenue. In the last two years, interior work was permitted on 6 floors (floors 4, 12, 15 to 17 and 20). The newest build-out, on floor 17, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $1.5 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1012820001. 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 563 Fifth Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $77.2 million for 563 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 $8.38 million a year, roughly $24.28 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012820001 show the actual bill.

What is the assessed value of 563 Fifth Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 563 Fifth Avenue at $171.6 million ($22.5 million of it land) and its assessed value at $77.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 9% from 2022/23 ($187.8 million) to 2026/27.

Are there vacant storefronts at 563 Fifth Avenue?

Owners registered 3 storefronts at 563 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.

Is there office space for lease at 563 Fifth Avenue?

No space at 563 Fifth Avenue is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). 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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