5 Times Square

5 Times Square has about 1.1 million square feet of floor area in total, including 1.1 million 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 2000 as the year built. The building is 38 floors tall.

5 Times Square is at 592 Seventh Avenue in Times Square, Manhattan. City records list 592-598 Seventh Avenue, 5 Times Square and 200-212 West 42nd Street on the same tax lot (BBL 1010130029). A space listed on Leasemark at any of these addresses shows up on this page.

592 Seventh 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. 5 Times Square is at 592 Seventh Avenue, New York, NY 10036, in Times Square.

The lot is in the C6-7 zoning district. PLUTO lists a built floor area ratio (FAR) of 40.51 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 5 Times Square is Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), about 150 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), 4 min walk; 49 St (the N, R and W trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists RXR 5TS OWNER LLC as the owner of record of 5 Times Square (BBL 1010130029). 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.

5 Times Square reported an ENERGY STAR score of 92 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 92 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 35.4 kBtu per square foot, less than half the national median of 80.9 for a similar property. Its greenhouse gas emissions were about 3,381 metric tons of CO2e (3.45 kg per square foot).

At its 2024 energy use, 5 Times Square comes to about 2,491 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 7,488 tons for 2024 to 2029 (33% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,650 tons and the same energy use counts as about 1,509 tons, still under the limit. 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 5 jobs at 5 Times Square. In the last two years, interior work was permitted on 39 floors (floors 1 to 39, the cellar, the mezzanine, the pit and the sub-cellar). The newest build-out, on floors 1 to 3, the cellar and the mezzanine, was first permitted in July 2026 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $800,000). A sidewalk shed permit here is active until December 14, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1010130029. 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 $175.6 million for 5 Times Square. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $19 million a year, roughly $17.31 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010130029 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 5 Times Square at $390.1 million ($12.8 million of it land) and its assessed value at $175.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 17% from 2022/23 ($468.3 million) to 2026/27.

Owners registered 4 storefronts at 5 Times Square for December 31, 2025, the newest annual filing the city has published, and 2 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. 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 592 Seventh 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.