Office building · Midtown, Manhattan
580 Fifth Avenue
New York, NY 10036
580 Fifth Avenue is a 32-floor office building in Midtown, Manhattan, built in 1927, with about 353,000 square feet of office space according to city records.
Also at 580-586 Fifth Avenue and 1-11 West 47th Street.
- Office space
- 353K SF
- Floors
- 32
- Year built
- 1927
- Zoning
- C5-3
The 112th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 580 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 580 Fifth Avenue is the largest by office floor area. It went up in 1927; the median neighbor dates from 1925. Its estimated property tax, about $22.25 a square foot of floor area before abatements, is below the neighbors' median of $24.60.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 580 Fifth Avenue | 353K SF | 32 | 1927 | $22.25 | n/a |
| 6 West 48th Street | 56K SF | 12 | 1918 | $20.70 | Nov 2023, $34.7M |
| 590 Fifth Avenue | 87K SF | 18 | 1987 | $25.05 | Nov 2007, $90M |
| 592 Fifth Avenue | 50K SF | 11 | 1911 | $30.66 | n/a |
| 15 West 47th Street | 113K SF | 18 | 1926 | $20.77 | Dec 2020, $110M |
| 16 West 47th Street | 103K SF | 14 | 1924 | $24.16 | n/a |
| 22 West 48th Street | 69K SF | 15 | 1940 | $26.46 | Aug 2012, $53.8M |
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
- 580-586 Fifth Avenue; 1-11 West 47th Street
- ZIP code
- 10036
- Building type
- Office building (city class O4)
- Total floor area
- 373,005 SF
- Commercial floor area
- 373,005 SF
- Office
- 353,005 SF
- Retail
- 20,000 SF
- Height
- 32 floors
- Average floor
- About 11,700 SF (floor area divided by floors)
- Year built
- 1927
- Last major alteration
- 2014
- Lot area
- 25,104 SF
- Zoning district
- C5-3
- Built FAR
- 14.86
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012630034
Nearest subway
- 47-50 Sts-Rockefeller Ctr
- 5 Av
- 5 Av/53 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists FORTY-SEVENTH FIFTH CO, LLC as the owner of record. For tax year 2026/27 the city values 580 Fifth Avenue at $182.1 million and assesses it at $81.9 million. After phase-ins and exemptions its taxable value is $76.5 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 $8.3 million a year before abatements, roughly $22.25 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
- FORTY-SEVENTH FIFTH CO, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $182,057,000
- Land market value
- $75,900,000
- Assessed value
- $81,925,650
- Taxable value (phased in)
- $76,520,410
- Estimated yearly tax
- About $8.3 million
- Tax per SF of floor area
- About $22.25
City market value by tax year
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; 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 580 Fifth Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
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 13 jobs at 580 Fifth Avenue. In the last two years, interior work was permitted on 17 floors (floors 2 to 7, 9, 11, 12, 14, 15, 17, 19, 22, 25, 31 and 34). The newest build-out, on floor 15, was first permitted in July 2026 (construction, mechanical; filed cost estimate $50,000).
- New jobs, last 12 months
- 13
- Initial permits, last 12 months
- 25
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 18
- Floors with interior work, last 24 months
- 2 to 7, 9, 11, 12, 14, 15, 17, 19, 22, 25, 31 and 34
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
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 2026-10-24 (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.
No office space listed in Midtown yet
The closest real space on Leasemark is below. Own or broker space at 580 Fifth Avenue? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Real space close by
Listed now by its owner or broker. Open it and tap I'm interested to ask the lister for an intro; contact details are shared once both sides accept.
Next door, in the Upper East Side
783 Madison 4th Floor
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Questions about 580 Fifth Avenue
How big is 580 Fifth Avenue?
580 Fifth Avenue has about 373,000 square feet of floor area in total, including 353,000 square feet of office and 20,000 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 580 Fifth Avenue built?
City records list 1927 as the year built, with a major alteration recorded in 2014. The building is 32 floors tall.
What other addresses does 580 Fifth Avenue have?
City records list 580-586 Fifth Avenue and 1-11 West 47th Street on the same tax lot (BBL 1012630034) as 580 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 580 Fifth Avenue?
580 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 580 Fifth Avenue, New York, NY 10036, in Midtown.
What is the zoning at 580 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.86 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 580 Fifth Avenue?
The closest subway station to 580 Fifth Avenue is 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), about 850 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 6 min walk; 5 Av/53 St (the E and F trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 580 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists FORTY-SEVENTH FIFTH CO, LLC as the owner of record of 580 Fifth Avenue (BBL 1012630034). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 580 Fifth Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 13 jobs at 580 Fifth Avenue. In the last two years, interior work was permitted on 17 floors (floors 2 to 7, 9, 11, 12, 14, 15, 17, 19, 22, 25, 31 and 34). The newest build-out, on floor 15, was first permitted in July 2026 (construction, mechanical; filed cost estimate $50,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012630034. 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 580 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $76.5 million for 580 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 $8.3 million a year, roughly $22.25 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012630034 show the actual bill.
What is the assessed value of 580 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 580 Fifth Avenue at $182.1 million ($75.9 million of it land) and its assessed value at $81.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 24% from 2022/23 ($147.2 million) to 2026/27.
Is there office space for lease at 580 Fifth Avenue?
No space at 580 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.
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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