Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
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Office building with commercial space · Midtown, Manhattan
592 Fifth Avenue
New York, NY 10036
592 Fifth Avenue is an 11-floor office building with commercial space in Midtown, Manhattan, built in 1911, with about 50,000 square feet of office space according to city records.
Also at 592-594 Fifth Avenue and 2-4 West 48th Street.
- Office space
- 50K SF
- Floors
- 11
- Year built
- 1911
- Zoning
- C5-3
The 314th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 592 Fifth Avenue is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 592 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 592 Fifth Avenue is the smallest by office floor area. Built in 1911, it is the oldest of them. Its estimated property tax, about $30.66 a square foot of floor area before abatements, is above the neighbors' median of $23.65.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 592 Fifth Avenue | 50K SF | 11 | 1911 | $30.66 | n/a |
| 590 Fifth Avenue | 87K SF | 18 | 1987 | $25.05 | Nov 2007, $90M |
| 6 West 48th Street | 56K SF | 12 | 1918 | $20.70 | Nov 2023, $34.7M |
| 580 Fifth Avenue | 353K SF | 32 | 1927 | $22.25 | n/a |
| Manufacturers Hanover Trust Building, 600 Fifth Avenue | 314K SF | 28 | 1952 | $18.65 | Feb 2011, $165M |
| 589 Fifth Avenue | 100K SF | 17 | 1954 | $42.60 | n/a |
| Goelet Building, 608 Fifth Avenue | 84K SF | 11 | 1932 | $33.80 | n/a |
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 addresses
- 592-594 Fifth Avenue; 2-4 West 48th Street
- ZIP code
- 10036
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 70,135 SF
- Commercial floor area
- 70,135 SF
- Office
- 50,135 SF
- Retail
- 20,000 SF
- Height
- 11 floors
- Average floor
- About 6,400 SF (floor area divided by floors)
- Year built
- 1911
- Last major alteration
- 1964
- Lot area
- 7,052 SF
- Zoning district
- C5-3
- Built FAR
- 9.95
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012630041
Nearest subway
- 47-50 Sts-Rockefeller Ctr
- 5 Av/53 St
- 5 Av
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists UOB REALTY (USA) LIMITED PARTNERSHIP as the owner of record. For tax year 2026/27 the city values 592 Fifth Avenue at $47.5 million and assesses it at $21.4 million. After phase-ins and exemptions its taxable value is $19.8 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 $2.15 million a year before abatements, roughly $30.66 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
- UOB REALTY (USA) LIMITED PARTNERSHIP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $47,468,000
- Land market value
- $12,200,000
- Assessed value
- $21,360,600
- Taxable value (phased in)
- $19,824,230
- Estimated yearly tax
- About $2.15 million
- Tax per SF of floor area
- About $30.66
City market value by tax year
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
592 Fifth Avenue reported an ENERGY STAR score of 90 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 76.1 kBtu per square foot, 49% below the national median of 149.6 for a similar property. Its greenhouse gas emissions were about 643 metric tons of CO2e (7.73 kg per square foot).
- ENERGY STAR score (2024)
- 90 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 76.1 kBtu/SF
- National median for the type
- 149.6 kBtu/SF
- Greenhouse gas emissions
- 643 t CO2e
- Emissions per SF
- 7.73 kg CO2e
- Floor area in the filing
- 83,207 SF
- ENERGY STAR certified
- 2024
ENERGY STAR score by year
Energy sources in 2024
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 5 jobs at 592 Fifth Avenue. In the last two years, interior work was permitted on 5 floors (floors 1, 5 and 7 to 9). The newest build-out, on floor 5, was first permitted in June 2026 (mechanical, sprinklers; filed cost estimate $30,000).
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 7
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 5
- Floors with interior work, last 24 months
- 1, 5 and 7 to 9
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 2026-10-02 (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 592 Fifth Avenue and we match it against every new one automatically.
Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
Owners: got a fit?I have a fit
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Questions about 592 Fifth Avenue
How big is 592 Fifth Avenue?
592 Fifth Avenue has about 70,000 square feet of floor area in total, including 50,000 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 592 Fifth Avenue built?
City records list 1911 as the year built, with a major alteration recorded in 1964. The building is 11 floors tall.
What other addresses does 592 Fifth Avenue have?
City records list 592-594 Fifth Avenue and 2-4 West 48th Street on the same tax lot (BBL 1012630041) as 592 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 592 Fifth Avenue?
592 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 592 Fifth Avenue, New York, NY 10036, in Midtown.
What is the zoning at 592 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.95 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 592 Fifth Avenue?
The closest subway station to 592 Fifth Avenue is 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), about 900 feet away in a straight line, roughly 3 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 592 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists UOB REALTY (USA) LIMITED PARTNERSHIP as the owner of record of 592 Fifth Avenue (BBL 1012630041). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 592 Fifth Avenue?
592 Fifth Avenue reported an ENERGY STAR score of 90 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 90 earns an A. 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 76.1 kBtu per square foot, 49% below the national median of 149.6 for a similar property. Its greenhouse gas emissions were about 643 metric tons of CO2e (7.73 kg per square foot).
Is there construction at 592 Fifth Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 5 jobs at 592 Fifth Avenue. In the last two years, interior work was permitted on 5 floors (floors 1, 5 and 7 to 9). The newest build-out, on floor 5, was first permitted in June 2026 (mechanical, sprinklers; filed cost estimate $30,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012630041. 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 592 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $19.8 million for 592 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 $2.15 million a year, roughly $30.66 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012630041 show the actual bill.
What is the assessed value of 592 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 592 Fifth Avenue at $47.5 million ($12.2 million of it land) and its assessed value at $21.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 16% from 2022/23 ($40.8 million) to 2026/27.
Is there office space for lease at 592 Fifth Avenue?
No space at 592 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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Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
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