Commercial condominium · Midtown, Manhattan
575 Lexington Avenue
New York, NY 10022
575 Lexington Avenue is a 34-floor commercial condominium in Midtown, Manhattan, built in 1958, with about 500,000 square feet of office space according to city records.
Also at 145-159 East 51st Street, 142-144 East 52nd Street and 575-589 Lexington Avenue.
- Office space
- 500K SF
- Floors
- 34
- Year built
- 1958
- Zoning
- C6-6
The 84th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 575 Lexington Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 575 Lexington Avenue ranks 3rd of 7 by office floor area. It went up in 1958; the median neighbor dates from 1971. Its estimated property tax, about $14.63 a square foot of floor area before abatements, is above the neighbors' median of $13.14.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 575 Lexington Avenue | 500K SF | 34 | 1958 | $14.63 | n/a |
| 154 East 52nd Street | 294K SF | 35 | 1984 | $13.03 | Mar 2006, $116M |
| 850 Third Avenue | 513K SF | 20 | 1960 | Exempt | Jan 2019, $422M |
| 599 Lexington Avenue | 971K SF | 47 | 1985 | $25.18 | n/a |
| General Electric Building, 566 Lexington Avenue | 443K SF | 50 | 1931 | $12.36 | n/a |
| 830 Third Avenue | 135K SF | 13 | 1958 | $13.14 | Aug 2022, $72M |
| 600 Lexington Avenue | 264K SF | 35 | 1983 | $19.32 | Jan 2018, $305M |
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); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). 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
- 145-159 East 51st Street; 142-144 East 52nd Street; 575-589 Lexington Avenue
- ZIP code
- 10022
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 553,249 SF
- Commercial floor area
- 553,249 SF
- Office
- 499,935 SF
- Retail
- 9,186 SF
- Industrial and storage
- 5,979 SF
- Height
- 34 floors
- Average floor
- About 16,300 SF (floor area divided by floors)
- Year built
- 1958
- Last major alteration
- 2024
- Lot area
- 32,625 SF
- Zoning district
- C6-6
- Built FAR
- 16.96
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1013067501
Nearest subway
- 51 St
- 5 Av/53 St
- 59 St
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 4 storefronts at 575 Lexington Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day.
- Storefronts registered for December 31, 2025
- 4
- Vacant that day
- 1
- Share vacant across Midtown
- 14.3%
- Share vacant along Lexington Avenue
- 11.2%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Own or lease out a storefront at 575 Lexington Avenue? Listing it is free, and it is matched against every active requirement for retail space in Midtown the day it goes up.
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, summed over the condominium's unit lot that filed, 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
575 Lexington Avenue is a condominium of 22 tax lots. 575 LEX PROPERTY OWNER, L.L.C., one of 2 owners of record on the roll, owns the units that make up 81% of its market value. For tax year 2026/27 the city values 575 Lexington Avenue at $233.1 million and assesses it at $104.9 million. After phase-ins and exemptions its taxable value is $74.6 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 $8.09 million a year before abatements, roughly $14.63 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.
- Largest unit owner
- 575 LEX PROPERTY OWNER, L.L.C. (81% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $233,125,999
- Land market value
- $41,599,999
- Assessed value
- $104,906,700
- Taxable value (phased in)
- $94,214,846
- Exemptions
- $19,618,363
- Estimated yearly tax
- About $8.09 million
- Tax per SF of floor area
- About $14.63
- Condominium tax lots
- 22
- Owners of record
- 2
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 22 condominium tax lots; 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.
Own or manage 575 Lexington Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
SEC filings (EDGAR)
Companies with offices here
2 investment managers and funds give 575 Lexington Avenue as their office address in SEC filings.
Investment managers and funds
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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Next door, in the Upper East Side
783 Madison 4th Floor
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Questions about 575 Lexington Avenue
How big is 575 Lexington Avenue?
575 Lexington Avenue has about 553,000 square feet of floor area in total, including 500,000 square feet of office, 9,000 square feet of retail and 6,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 575 Lexington Avenue built?
City records list 1958 as the year built, with a major alteration recorded in 2024. The building is 34 floors tall.
What other addresses does 575 Lexington Avenue have?
City records list 145-159 East 51st Street, 142-144 East 52nd Street and 575-589 Lexington Avenue on the same tax lot (BBL 1013067501) as 575 Lexington Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 575 Lexington Avenue?
575 Lexington Avenue is in ZIP code 10022, 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 Lexington Avenue, New York, NY 10022, in Midtown.
What is the zoning at 575 Lexington Avenue?
The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 16.96 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 575 Lexington Avenue?
The closest subway station to 575 Lexington Avenue is 51 St (the 6, E and F trains, connected to Lexington Av/53 St), about 200 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 5 Av/53 St (the E and F trains), 6 min walk; 59 St (the 4, 5, 6, N, R and W trains, connected to Lexington Av/59 St), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 575 Lexington Avenue?
575 Lexington Avenue is a condominium of 22 tax lots. 575 LEX PROPERTY OWNER, L.L.C., one of 2 owners of record on the roll, owns the units that make up 81% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1013067501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Who are the tenants at 575 Lexington Avenue?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 575 Lexington Avenue. 2 investment managers and funds file 13F holdings reports from the address: AMERICAN CAPITAL MANAGEMENT INC; and Interval Partners, LP. 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 are the property taxes at 575 Lexington Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $74.6 million for 575 Lexington Avenue (the sum of its 22 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 $8.09 million a year, roughly $14.63 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013067501 show the actual bill.
What is the assessed value of 575 Lexington Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 575 Lexington Avenue at $233.1 million ($41.6 million of it land) and its assessed value at $104.9 million, the 45% of market value the city assesses for Class 4 property.
Are there vacant storefronts at 575 Lexington Avenue?
Owners registered 4 storefronts at 575 Lexington Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. 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.
Is there office space for lease at 575 Lexington Avenue?
No space at 575 Lexington 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.
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