Office building · Midtown, Manhattan

Manufacturers Hanover Trust Building

600 Fifth Avenue, New York, NY 10020

The Manufacturers Hanover Trust Building (600 Fifth Avenue) is a 28-floor office building in Midtown, Manhattan, built in 1952, with about 314,000 square feet of office space according to city records.

Also at 1-7 West 48th Street.

Office space
314K SF
Floors
28
Year built
1952
Zoning
C5-3

Office space next to its nearest neighbors

  1. Manufacturers Hanover Trust BuildingThis building314K SF
  2. Goelet Building1 min walk84K SF
  3. 6 West 48th Street1 min walk56K SF
  4. 592 Fifth Avenue1 min walk50K SF

The 124th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How the Manufacturers Hanover Trust Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Manufacturers Hanover Trust Building ranks 2nd of 7 by office floor area. It went up in 1952; the median neighbor dates from 1922. Its estimated property tax, about $18.65 a square foot of floor area before abatements, is below the neighbors' median of $27.85.

The Manufacturers Hanover Trust Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
Manufacturers Hanover Trust Building, 600 Fifth AvenueThis building314K SF281952$18.65Feb 2011, $165M
Goelet Building, 608 Fifth Avenue1 min walk84K SF111932$33.80n/a
592 Fifth Avenue1 min walk50K SF111911$30.66n/a
6 West 48th Street1 min walk56K SF121918$20.70Nov 2023, $34.7M
590 Fifth Avenue1 min walk87K SF181987$25.05Nov 2007, $90M
Scribner Building, 597 Fifth Avenue1 min walk39K SF121913$42.27Mar 2026, $54M
580 Fifth Avenue1 min walk353K SF321927$22.25n/a
The 124th largest of the 351 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 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Building name
Manufacturers Hanover Trust Building
Other address
1-7 West 48th Street
ZIP code
10020
Building type
Office building (city class O4)
Total floor area
389,438 SF
Commercial floor area
389,438 SF
Office
313,588 SF
Retail
64,886 SF
Industrial and storage
10,964 SF
Height
28 floors
Average floor
About 13,900 SF (floor area divided by floors)
Year built (tax records)
1949
Lot area
19,875 SF
Zoning district
C5-3
Built FAR
19.59
Max commercial FAR
15
Landmark status
Individual landmark
Tax lot (BBL)
1012640030

Nearest subway

  • 47-50 Sts-Rockefeller Ctr3 min walk · Accessible station
  • 5 Av/53 St5 min walk · Not accessible
  • 5 Av7 min walk · Not accessible · connects to 42 St-Bryant Pk

Nearby large buildings

All 115 large office buildings on Fifth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 11 storefronts at the Manufacturers Hanover Trust Building 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 2022.

Storefronts registered for December 31, 2025
11
Vacant that day
2
Share vacant here
18.2%
Share vacant across Midtown
14.3%
Share vacant along Fifth Avenue
14.0%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20191 of 10
  • 20201 of 5
  • 20210 of 6
  • 20221 of 7
  • 20231 of 11
  • 20241 of 11
  • 20252 of 11

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 600 Fifth Avenue? Listing it is free, and it is matched against every active requirement for retail space in Midtown the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 RCPI 600 FIFTH HOLDINGS, L.L.C. as the owner of record. For tax year 2026/27 the city values the Manufacturers Hanover Trust Building at $155.5 million and assesses it at $70 million. After phase-ins and exemptions its taxable value is $66.9 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 $7.26 million a year before abatements, roughly $18.65 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
RCPI 600 FIFTH HOLDINGS, L.L.C.
Tax class
Class 4 (commercial and industrial)
City market value
$155,506,000
Land market value
$33,800,000
Assessed value
$69,977,700
Taxable value (phased in)
$66,940,200
Estimated yearly tax
About $7.26 million
Tax per SF of floor area
About $18.65

City market value by tax year

  • 2022/23$150.4 million
  • 2023/24$152.6 million
  • 2024/25$149.1 million
  • 2025/26$136.2 million
  • 2026/27$155.5 million

Market value rose 3% from 2022/23 ($150.4 million) to 2026/27.

How Midtown compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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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NYC property records (ACRIS)

Sales history

The Manufacturers Hanover Trust Building last sold in February 2011 for $165 million, according to the deed recorded with the city. COLLEGIATE ASSET MANAGEMENT CORP. sold it to RCPI 600 FIFTH HOLDINGS, L.L.C.. That comes to about $424 per square foot of floor area.

Last sale (deed date)
February 2, 2011
Price
$165,000,000
Price per SF of floor area
About $424
Seller
COLLEGIATE ASSET MANAGEMENT CORP.
Buyer
RCPI 600 FIFTH HOLDINGS, L.L.C.
Deed recorded
February 22, 2011
ACRIS document
2011020700861001
All 82 building sales in Midtown since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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.

SEC filings (EDGAR)

Companies with offices here

2 investment managers and funds give 600 Fifth Avenue as their office address in SEC filings.

Investment managers and funds

Office address on their latest 13F holdings report

  • Bridgewater Advisors Inc.13F, Aug 2026
  • Electrum Group LLC13F, Aug 2026

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

The Manufacturers Hanover Trust Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 87.9 kBtu per square foot, 76% above the national median of 49.9 for a similar property. Its greenhouse gas emissions were about 71,221 metric tons of CO2e (8.84 kg per square foot). The filing covers 6 tax lots together, so these figures are for the whole property.

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
87.9 kBtu/SF
National median for the type
49.9 kBtu/SF
Greenhouse gas emissions
71,221 t CO2e
Emissions per SF
8.84 kg CO2e
Floor area in the filing
8,053,115 SF
Tax lots in the filing
6

Energy sources in 2024

  • Electricity71%
  • District steam27%
  • Natural gas2%

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, one filing for 6 tax lots), 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 4 jobs at the Manufacturers Hanover Trust Building. In the last two years, interior work was permitted on 6 floors (floors 1, 10, 16, 19, 21 and 26, the cellar and the underground). The newest build-out, on floor 19, was first permitted in February 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $320,000).

New jobs, last 12 months
4
Initial permits, last 12 months
9
Newest job first permitted
April 2026
Interior build-outs, last 24 months
9
Floors with interior work, last 24 months
1, 10, 16, 19, 21 and 26, cellar, underground
Facade and sidewalk jobs, last 24 months
3

Recent build-outs

  • Floor 19February 2026Construction, Mechanical, Plumbing, Sprinklers; est. $320,000
  • Floor 19October 2025Construction, Mechanical, Plumbing, Sprinklers; 2 jobs; est. $120,000
  • Floor 26September 2025Construction, Mechanical; 2 jobs; est. $107,000; signed off
  • CellarAugust 2025Construction; est. $23,000; signed off
  • Floors 10 and 16July 2025Construction, Mechanical, Plumbing, Sprinklers, Standpipe; est. $846,000; signed off
  • Floor 21May 2025Construction, Mechanical, Plumbing, Sprinklers; 2 jobs; est. $501,000; signed off

The newest 6 of 9 in the last 24 months.

New jobs by year

  • 20219
  • 202229
  • 20230
  • 20249
  • 202521
  • 2026 to date4

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.

Landmarks Preservation Commission records

Architecture and history

The Manufacturers Hanover Trust Building was designed by Carson & Lundin and built in 1950-1952. The Landmarks Preservation Commission designated it (as the Manufacturers Hanover Trust Company Building) a New York City landmark on April 23, 1985.

Architect
Carson & Lundin
Constructed
1950-1952
Primary material
Limestone
Built as
Office building
City landmark
Manufacturers Hanover Trust Company Building: individual landmark, designated April 23, 1985 (LP-01447)

Source: NYC Landmarks Preservation Commission, Designated and Calendared Buildings and Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.

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Questions about Manufacturers Hanover Trust Building

How big is the Manufacturers Hanover Trust Building?

The Manufacturers Hanover Trust Building has about 389,000 square feet of floor area in total, including 314,000 square feet of office, 65,000 square feet of retail and 11,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was the Manufacturers Hanover Trust Building built?

The Landmarks Preservation Commission's building records date the Manufacturers Hanover Trust Building to 1950-1952, designed by Carson & Lundin. City tax records list 1949 as the year built. The building is 28 floors tall.

Who designed the Manufacturers Hanover Trust Building?

Carson & Lundin, according to the Landmarks Preservation Commission's building records and its original use as an office building.

Is the Manufacturers Hanover Trust Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Manufacturers Hanover Trust Company Building an individual landmark on April 23, 1985 (LP-01447). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Manufacturers Hanover Trust Building?

The Manufacturers Hanover Trust Building is at 600 Fifth Avenue in Midtown, Manhattan. City records list 1-7 West 48th Street on the same tax lot (BBL 1012640030). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 600 Fifth Avenue?

600 Fifth Avenue is in ZIP code 10020, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Manufacturers Hanover Trust Building is at 600 Fifth Avenue, New York, NY 10020, in Midtown.

What is the zoning at the Manufacturers Hanover Trust Building?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 19.59 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the Manufacturers Hanover Trust Building?

The closest subway station to the Manufacturers Hanover Trust Building 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/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), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Manufacturers Hanover Trust Building?

The NYC Department of Finance's 2026/27 assessment roll lists RCPI 600 FIFTH HOLDINGS, L.L.C. as the owner of record of the Manufacturers Hanover Trust Building (BBL 1012640030). 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 the Manufacturers Hanover Trust Building?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the Manufacturers Hanover Trust Building. 2 investment managers and funds file 13F holdings reports from the address: Bridgewater Advisors Inc. and Electrum Group 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.

When was the Manufacturers Hanover Trust Building last sold?

The Manufacturers Hanover Trust Building last sold in February 2011 for $165 million, according to the deed recorded with the city. COLLEGIATE ASSET MANAGEMENT CORP. sold it to RCPI 600 FIFTH HOLDINGS, L.L.C.. That comes to about $424 per square foot of floor area. The deed is ACRIS document 2011020700861001 (BBL 1012640030) 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.

Does the Manufacturers Hanover Trust Building have an energy grade?

The Manufacturers Hanover Trust Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 87.9 kBtu per square foot, 76% above the national median of 49.9 for a similar property. Its greenhouse gas emissions were about 71,221 metric tons of CO2e (8.84 kg per square foot). The filing covers 6 tax lots together, so these figures are for the whole property.

Is there construction at the Manufacturers Hanover Trust Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at the Manufacturers Hanover Trust Building. In the last two years, interior work was permitted on 6 floors (floors 1, 10, 16, 19, 21 and 26, the cellar and the underground). The newest build-out, on floor 19, was first permitted in February 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $320,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012640030. 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 the Manufacturers Hanover Trust Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $66.9 million for the Manufacturers Hanover Trust Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $7.26 million a year, roughly $18.65 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012640030 show the actual bill.

What is the assessed value of the Manufacturers Hanover Trust Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Manufacturers Hanover Trust Building at $155.5 million ($33.8 million of it land) and its assessed value at $70 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 3% from 2022/23 ($150.4 million) to 2026/27.

Are there vacant storefronts at the Manufacturers Hanover Trust Building?

Owners registered 11 storefronts at the Manufacturers Hanover Trust Building 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 2022. 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.

Is there office space for lease at the Manufacturers Hanover Trust Building?

No space at 600 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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