Office building with commercial space · Midtown, Manhattan

590 Fifth Avenue

New York, NY 10036

590 Fifth Avenue is an 18-floor office building with commercial space in Midtown, Manhattan, built in 1987, with about 87,000 square feet of office space according to city records.

Also at 588-590 Fifth Avenue.

Office space
87K SF
Floors
18
Year built
1987
Zoning
C5-3

The 253rd largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How 590 Fifth Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 590 Fifth Avenue ranks 5th of 7 by office floor area. Built in 1987, it is the newest of them. Its estimated property tax, about $25.05 a square foot of floor area before abatements, is above the neighbors' median of $21.48.

590 Fifth Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
590 Fifth AvenueThis building87K SF181987$25.05Nov 2007, $90M
592 Fifth Avenue1 min walk50K SF111911$30.66n/a
6 West 48th Street1 min walk56K SF121918$20.70Nov 2023, $34.7M
580 Fifth Avenue1 min walk353K SF321927$22.25n/a
Manufacturers Hanover Trust Building, 600 Fifth Avenue1 min walk314K SF281952$18.65Feb 2011, $165M
589 Fifth Avenue1 min walk100K SF171954$42.60n/a
579 Fifth Avenue1 min walk118K SF161954$19.30n/a
The 253rd largest of the 315 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); 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address
588-590 Fifth Avenue
ZIP code
10036
Building type
Office building with commercial space (city class O6)
Total floor area
93,123 SF
Commercial floor area
93,123 SF
Office
87,484 SF
Retail
5,639 SF
Height
18 floors
Average floor
About 5,200 SF (floor area divided by floors)
Year built
1987
Last major alteration
2006
Lot area
5,496 SF
Zoning district
C5-3
Built FAR
16.94
Max commercial FAR
15
Tax lot (BBL)
1012630038

Nearest subway

  • 47-50 Sts-Rockefeller Ctr4 min walk · Accessible station
  • 5 Av/53 St5 min walk · Not accessible
  • 5 Av6 min walk · Not accessible · connects to 42 St-Bryant Pk

Nearby large buildings

All 101 large office buildings on Fifth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. 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 2 storefronts at 590 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2024
2
Vacant that day
0
Share vacant across Midtown
14.0%
Share vacant along Fifth Avenue
12.6%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20190 of 2
  • 2020None registered
  • 20211 of 2
  • 20220 of 3
  • 20230 of 2
  • 20240 of 2

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 2024, pulled 2026-10-02. 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 2024 filing was due June 3, 2025, 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 590 FIFTH HOLDING LLC as the owner of record. For tax year 2026/27 the city values 590 Fifth Avenue at $50.6 million and assesses it at $22.8 million. After phase-ins and exemptions its taxable value is $21.5 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 $2.33 million a year before abatements, roughly $25.05 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
590 FIFTH HOLDING LLC
Tax class
Class 4 (commercial and industrial)
City market value
$50,635,000
Land market value
$11,700,000
Assessed value
$22,785,750
Taxable value (phased in)
$21,501,030
Estimated yearly tax
About $2.33 million
Tax per SF of floor area
About $25.05

City market value by tax year

  • 2022/23$45.4 million
  • 2023/24$48.1 million
  • 2024/25$47.9 million
  • 2025/26$54.4 million
  • 2026/27$50.6 million

Market value rose 12% from 2022/23 ($45.4 million) to 2026/27.

How Midtown compares: property tax per SF across NYC neighborhoods

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 2026-10-02; 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.

NYC property records (ACRIS)

Sales history

590 Fifth Avenue last sold in November 2007 for $90 million, according to the deed recorded with the city. 590 FIFTH AVENUE LLC sold it to 588-590 5 AVE LLC and THOR FIFTH AVENUE LLC. That comes to about $966 per square foot of floor area.

Last sale (deed date)
November 29, 2007
Price
$90,000,000
Price per SF of floor area
About $966
Seller
590 FIFTH AVENUE LLC
Buyer
588-590 5 AVE LLC and THOR FIFTH AVENUE LLC
Deed recorded
December 21, 2007
ACRIS document
2007120300798001

Recorded sales

All 71 building sales in Midtown since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

590 Fifth Avenue reported an ENERGY STAR score of 53 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 79.6 kBtu per square foot, about the same as the national median of 82.8 for a similar property. Its greenhouse gas emissions were about 806 metric tons of CO2e (7.95 kg per square foot).

ENERGY STAR score (2024)
53 of 100
Grade this score earns (Local Law 33)
D (under 55)
Property type (Portfolio Manager)
Office
Site energy use intensity
79.6 kBtu/SF
National median for the type
82.8 kBtu/SF
Greenhouse gas emissions
806 t CO2e
Emissions per SF
7.95 kg CO2e
Floor area in the filing
101,459 SF

ENERGY STAR score by year

  • 202268 (C)
  • 202365 (C)
  • 202453 (D)

Energy sources in 2024

  • Electricity69%
  • District steam31%

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 2026-10-02; 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.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 590 Fifth Avenue. In the last two years, interior work was permitted on one floor (floor 10). The newest build-out, on floor 10, was first permitted in December 2024 (construction, mechanical; filed cost estimate $16,000).

New jobs, last 12 months
2
Initial permits, last 12 months
2
Newest job first permitted
December 2025
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
10

Recent build-outs

  • Floor 10December 2024Construction, Mechanical; est. $16,000; signed off

New jobs by year

  • 20216
  • 20225
  • 20232
  • 20241
  • 20253
  • 2026 to date0

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). 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 590 Fifth Avenue and we match it against every new one automatically.

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Questions about 590 Fifth Avenue

How big is 590 Fifth Avenue?

590 Fifth Avenue has about 93,000 square feet of floor area in total, including 87,000 square feet of office and 6,000 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 590 Fifth Avenue built?

City records list 1987 as the year built, with a major alteration recorded in 2006. The building is 18 floors tall.

What other addresses does 590 Fifth Avenue have?

City records list 588-590 Fifth Avenue on the same tax lot (BBL 1012630038) as 590 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 590 Fifth Avenue?

590 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 590 Fifth Avenue, New York, NY 10036, in Midtown.

What is the zoning at 590 Fifth Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 16.94 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 590 Fifth Avenue?

The closest subway station to 590 Fifth Avenue is 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), about 950 feet away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av/53 St (the E and F trains), 5 min walk; 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 590 Fifth Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 590 FIFTH HOLDING LLC as the owner of record of 590 Fifth Avenue (BBL 1012630038). 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.

When was 590 Fifth Avenue last sold?

590 Fifth Avenue last sold in November 2007 for $90 million, according to the deed recorded with the city. 590 FIFTH AVENUE LLC sold it to 588-590 5 AVE LLC and THOR FIFTH AVENUE LLC. That comes to about $966 per square foot of floor area. The deed is ACRIS document 2007120300798001 (BBL 1012630038) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

What is the energy grade of 590 Fifth Avenue?

590 Fifth Avenue reported an ENERGY STAR score of 53 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 53 earns a D. 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 79.6 kBtu per square foot, about the same as the national median of 82.8 for a similar property. Its greenhouse gas emissions were about 806 metric tons of CO2e (7.95 kg per square foot).

Is there construction at 590 Fifth Avenue?

In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 590 Fifth Avenue. In the last two years, interior work was permitted on one floor (floor 10). The newest build-out, on floor 10, was first permitted in December 2024 (construction, mechanical; filed cost estimate $16,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012630038. 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 590 Fifth Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $21.5 million for 590 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 $2.33 million a year, roughly $25.05 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012630038 show the actual bill.

What is the assessed value of 590 Fifth Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 590 Fifth Avenue at $50.6 million ($11.7 million of it land) and its assessed value at $22.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 12% from 2022/23 ($45.4 million) to 2026/27.

Are there vacant storefronts at 590 Fifth Avenue?

Owners registered 2 storefronts at 590 Fifth Avenue for December 31, 2024, 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 590 Fifth Avenue?

No space at 590 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.

1,677 buildings from city records

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