Office building · Midtown, Manhattan
599 Lexington Avenue
New York, NY 10022
599 Lexington Avenue is a 47-floor office building in Midtown, Manhattan, built in 1985, with about 971,000 square feet of office space according to city records.
Also at 137 East 52nd Street, 134-152 East 53rd Street and 595-599 Lexington Avenue.
- Office space
- 971K SF
- Floors
- 47
- Year built
- 1985
- Zoning
- C6-6
The 32nd largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 599 Lexington Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 599 Lexington Avenue ranks 2nd of 7 by office floor area. Built in 1985, it is the newest of them. Its estimated property tax, about $25.18 a square foot of floor area before abatements, is above the neighbors' median of $15.60.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 599 Lexington Avenue | 971K SF | 47 | 1985 | $25.18 | n/a |
| 154 East 52nd Street | 294K SF | 35 | 1984 | $13.03 | Mar 2006, $116M |
| 600 Lexington Avenue | 264K SF | 35 | 1983 | $19.32 | Jan 2018, $305M |
| 866 Third Avenue | 133K SF | 30 | 1966 | $11.11 | n/a |
| Citicorp Center, 601 Lexington Avenue | 1.5M SF | 60 | 1978 | $25.04 | n/a |
| 575 Lexington Avenue | 500K SF | 34 | 1958 | $14.63 | n/a |
| 880 Third Avenue | 133K SF | 18 | 1964 | $16.57 | 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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 137 East 52nd Street; 134-152 East 53rd Street; 595-599 Lexington Avenue
- ZIP code
- 10022
- Building type
- Office building (city class O4)
- Total floor area
- 984,485 SF
- Commercial floor area
- 984,485 SF
- Office
- 971,485 SF
- Retail
- 13,000 SF
- Height
- 47 floors
- Average floor
- About 20,900 SF (floor area divided by floors)
- Year built
- 1985
- Lot area
- 45,022 SF
- Zoning district
- C6-6
- Built FAR
- 21.87
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1013070023
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 BP 599 LEXINGTON AVENUE LLC as the owner of record. For tax year 2026/27 the city values 599 Lexington Avenue at $507.7 million and assesses it at $228.5 million. After phase-ins and exemptions its taxable value is $228.5 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 $24.8 million a year before abatements, roughly $25.18 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
- BP 599 LEXINGTON AVENUE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $507,747,000
- Land market value
- $96,300,000
- Assessed value
- $228,486,150
- Estimated yearly tax
- About $24.8 million
- Tax per SF of floor area
- About $25.18
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.
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SEC filings (EDGAR)
Companies with offices here
4 investment managers and funds give 599 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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NYC energy benchmarking (Local Law 84)
Energy use and emissions
599 Lexington Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Floor area in the filing
- 988,281 SF
- ENERGY STAR certified
- 2014, 2015, 2016, 2017, 2018, 2023
ENERGY STAR score by year
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 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
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 14 jobs at 599 Lexington Avenue. In the last two years, interior work was permitted on 18 floors (floors 1, 4, 5, 17 to 22, 25, 27, 29 and 39 to 44, the cellar and the sub-cellar). The newest build-out, on floor 25, was first permitted in March 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $2.3 million).
- New jobs, last 12 months
- 14
- Initial permits, last 12 months
- 26
- Newest job first permitted
- May 2026
- Interior build-outs, last 24 months
- 21
- Floors with interior work, last 24 months
- 1, 4, 5, 17 to 22, 25, 27, 29 and 39 to 44, cellar, sub-cellar
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
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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 599 Lexington Avenue
How big is 599 Lexington Avenue?
599 Lexington Avenue has about 984,000 square feet of floor area in total, including 971,000 square feet of office and 13,000 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 599 Lexington Avenue built?
City records list 1985 as the year built. The building is 47 floors tall.
What other addresses does 599 Lexington Avenue have?
City records list 137 East 52nd Street, 134-152 East 53rd Street and 595-599 Lexington Avenue on the same tax lot (BBL 1013070023) as 599 Lexington Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 599 Lexington Avenue?
599 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 599 Lexington Avenue, New York, NY 10022, in Midtown.
What is the zoning at 599 Lexington Avenue?
The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 21.87 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 599 Lexington Avenue?
The closest subway station to 599 Lexington Avenue is 51 St (the 6, E and F trains, connected to Lexington Av/53 St), about 450 feet away in a straight line, roughly 2 minutes 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), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 599 Lexington Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists BP 599 LEXINGTON AVENUE LLC as the owner of record of 599 Lexington Avenue (BBL 1013070023). 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.
Who are the tenants at 599 Lexington Avenue?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 599 Lexington Avenue. 4 investment managers and funds file 13F holdings reports from the address, including Itau USA Asset Management Inc., PECONIC PARTNERS LLC and RPD Fund Management LLC. 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.
Does 599 Lexington Avenue have an energy grade?
599 Lexington Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
Is there construction at 599 Lexington Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 14 jobs at 599 Lexington Avenue. In the last two years, interior work was permitted on 18 floors (floors 1, 4, 5, 17 to 22, 25, 27, 29 and 39 to 44, the cellar and the sub-cellar). The newest build-out, on floor 25, was first permitted in March 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $2.3 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1013070023. 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 599 Lexington Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $228.5 million for 599 Lexington Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $24.8 million a year, roughly $25.18 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013070023 show the actual bill.
What is the assessed value of 599 Lexington Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 599 Lexington Avenue at $507.7 million ($96.3 million of it land) and its assessed value at $228.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 2% from 2022/23 ($515.6 million) to 2026/27.
Is there office space for lease at 599 Lexington Avenue?
No space at 599 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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Midtown
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