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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Commercial condominium · Midtown, Manhattan
609 Fifth Avenue
New York, NY 10017
609 Fifth Avenue is a 14-floor commercial condominium in Midtown, Manhattan, built in 1925, with about 98,000 square feet of office space according to city records.
Also at 2 East 49th Street.
- Office space
- 98K SF
- Floors
- 14
- Year built
- 1925
- Zoning
- C5-3
The 242nd largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 609 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 609 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 609 Fifth Avenue ranks 4th of 7 by office floor area. It went up in 1925; the median neighbor dates from 1943. Its estimated property tax, about $37.20 a square foot of floor area before abatements, is above the neighbors' median of $16.94.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 609 Fifth Avenue | 98K SF | 14 | 1925 | $37.20 | n/a |
| Tower 49, 7 East 48th Street | 654K SF | 45 | 1984 | $16.91 | n/a |
| 611 Fifth Avenue | 378K SF | 36 | 1924 | $16.97 | n/a |
| 589 Fifth Avenue | 100K SF | 17 | 1954 | $42.60 | n/a |
| 424 Madison Avenue | 60K SF | 15 | 1926 | $14.56 | Nov 2006, $31M |
| Goelet Building, 608 Fifth Avenue | 84K SF | 11 | 1932 | $33.80 | n/a |
| 410 Madison Avenue | 52K SF | 7 | 1964 | $11.79 | Jun 2020, $115M |
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
- 2 East 49th Street
- ZIP code
- 10017
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 123,931 SF
- Commercial floor area
- 123,931 SF
- Office
- 98,039 SF
- Retail
- 25,892 SF
- Height
- 14 floors
- Average floor
- About 8,900 SF (floor area divided by floors)
- Year built
- 1925
- Lot area
- 12,832 SF
- Zoning district
- C5-3
- Built FAR
- 9.66
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012847501
Nearest subway
- 5 Av/53 St
- 47-50 Sts-Rockefeller Ctr
- 51 St
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 609 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%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Need a storefront in Midtown? Get matchedStorefront vacancy across New York City
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, summed over the condominium's unit lot that filed, 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
609 Fifth Avenue is a condominium of 2 tax lots. 609 5TH PROPCO LLC, one of 2 owners of record on the roll, owns the units that make up 62% of its market value. For tax year 2026/27 the city values 609 Fifth Avenue at $104.9 million and assesses it at $47.2 million. After phase-ins and exemptions its taxable value is $42.5 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 $4.61 million a year before abatements, roughly $37.20 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.
- Largest unit owner
- 609 5TH PROPCO LLC (62% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $104,871,000
- Land market value
- $14,000,000
- Assessed value
- $47,191,950
- Taxable value (phased in)
- $42,493,407
- Estimated yearly tax
- About $4.61 million
- Tax per SF of floor area
- About $37.20
- Condominium tax lots
- 2
- Owners of record
- 2
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; 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 use and emissions
609 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR 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 52.8 kBtu per square foot, 25% above the national median of 42.4 for a similar property. Its greenhouse gas emissions were about 913 metric tons of CO2e (5.98 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 52.8 kBtu/SF
- National median for the type
- 42.4 kBtu/SF
- Greenhouse gas emissions
- 913 t CO2e
- Emissions per SF
- 5.98 kg CO2e
- Floor area in the filing
- 152,530 SF
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.
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 1 job at 609 Fifth Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, the cellar and the mezzanine, was first permitted in July 2026 (construction, sprinklers; filed cost estimate $175,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 2
- Newest job first permitted
- July 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 and 2, cellar, mezzanine
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 609 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
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Before you sign
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Questions about 609 Fifth Avenue
How big is 609 Fifth Avenue?
609 Fifth Avenue has about 124,000 square feet of floor area in total, including 98,000 square feet of office and 26,000 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 609 Fifth Avenue built?
City records list 1925 as the year built. The building is 14 floors tall.
What other addresses does 609 Fifth Avenue have?
City records list 2 East 49th Street on the same tax lot (BBL 1012847501) as 609 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 609 Fifth Avenue?
609 Fifth Avenue is in ZIP code 10017, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 609 Fifth Avenue, New York, NY 10017, in Midtown.
What is the zoning at 609 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.66 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 609 Fifth Avenue?
The closest subway station to 609 Fifth Avenue is 5 Av/53 St (the E and F trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 4 min walk; 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 609 Fifth Avenue?
609 Fifth Avenue is a condominium of 2 tax lots. 609 5TH PROPCO LLC, one of 2 owners of record on the roll, owns the units that make up 62% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1012847501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Does 609 Fifth Avenue have an energy grade?
609 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR 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 52.8 kBtu per square foot, 25% above the national median of 42.4 for a similar property. Its greenhouse gas emissions were about 913 metric tons of CO2e (5.98 kg per square foot).
Is there construction at 609 Fifth Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 609 Fifth Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, the cellar and the mezzanine, was first permitted in July 2026 (construction, sprinklers; filed cost estimate $175,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012847501. 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 609 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $42.5 million for 609 Fifth Avenue (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $4.61 million a year, roughly $37.20 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012847501 show the actual bill.
What is the assessed value of 609 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 609 Fifth Avenue at $104.9 million ($14 million of it land) and its assessed value at $47.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 20% from 2022/23 ($87.5 million) to 2026/27.
Are there vacant storefronts at 609 Fifth Avenue?
Owners registered 2 storefronts at 609 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 609 Fifth Avenue?
No space at 609 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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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