575 Fifth Avenue

575 Fifth Avenue has about 412,000 square feet of floor area in total, including 371,000 square feet of office and 40,000 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 1962 as the year built, with a major alteration recorded in 1982. The building is 35 floors tall.

City records list 2-6 East 47th Street and 571-577 Fifth Avenue on the same tax lot (BBL 1012827501) as 575 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

575 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 575 Fifth Avenue, New York, NY 10017, in Midtown.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 20.5 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 575 Fifth Avenue is 47-50 Sts-Rockefeller Ctr (the B, D, F and M 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: Grand Central-42 St (the 4, 5, 6, 7 and S 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.

575 Fifth Avenue is a condominium of 4 tax lots. 575 5TH OWNERS, LLC, one of 2 owners of record on the roll, owns the units that make up 86% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1012827501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 575 Fifth Avenue. One public company reports the address as its principal executive office: T3 DEFENSE INC. (DFNS). 2 investment managers and funds file 13F holdings reports from the address: DeepCurrents Investment Group LLC and Tema ETFs 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.

575 Fifth Avenue reported an ENERGY STAR score of 78 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 78 earns a B. 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 65.1 kBtu per square foot, 35% below the national median of 100 for a similar property. Its greenhouse gas emissions were about 2,763 metric tons of CO2e (5.06 kg per square foot).

At its 2024 energy use, 575 Fifth Avenue comes to about 2,298 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 4,138 tons for 2024 to 2029 (56% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,461 tons and the same energy use counts as about 1,718 tons, about 257 tons over, or an estimated $69,000 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 575 Fifth Avenue. In the last two years, interior work was permitted on 13 floors (floors 1 to 4, 7, 11, 13, 14, 18, 19, 27, 30 and 39, the cellar and the ground floor). The newest build-out, on floors 1 to 4, was first permitted in October 2026 (construction, mechanical, structural; filed cost estimate $200,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012827501. 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 $92 million for 575 Fifth Avenue (the sum of its 4 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $9.98 million a year, roughly $24.23 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012827501 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 575 Fifth Avenue at $207.5 million ($51 million of it land) and its assessed value at $93.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($182.3 million) to 2026/27.

Owners registered 6 storefronts at 575 Fifth Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2023. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

No space at 575 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.