Commercial condominium · Midtown, Manhattan
641 Lexington Avenue
New York, NY 10022
641 Lexington Avenue is a 32-floor commercial condominium in Midtown, Manhattan, built in 1964, with about 321,000 square feet of office space according to city records.
Also at 141-159 East 54th Street and 639-641 Lexington Avenue.
- Office space
- 321K SF
- Floors
- 32
- Year built
- 1964
- Zoning
- C6-4.5
The 123rd largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 641 Lexington 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. Nothing free right now? Get tenant alerts for Midtown and hear the moment a tenant posts a requirement there. Manage or lease this building? Claim this page.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 641 Lexington Avenue compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 641 Lexington Avenue ranks 4th of 7 by office floor area. It went up in 1964; the median neighbor dates from 1971. Its estimated property tax, about $11.93 a square foot of floor area before abatements, is below the neighbors' median of $14.56.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 641 Lexington Avenue | 321K SF | 32 | 1964 | $11.93 | n/a |
| Citicorp Center, 601 Lexington Avenue | 1.5M SF | 60 | 1978 | $25.04 | n/a |
| 900 Third Avenue | 510K SF | 36 | 1983 | $14.20 | n/a |
| 155 East 55th Street | 60K SF | 13 | 1961 | $7.17 | Jun 2021, $47M |
| 880 Third Avenue | 133K SF | 18 | 1964 | $16.57 | n/a |
| 160 East 56th Street | 47K SF | 12 | 1927 | $14.92 | Jul 2016, $44M |
| Lipstick Building, 885 Third Avenue | 420K SF | 34 | 1986 | $10.42 | 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
- 141-159 East 54th Street; 639-641 Lexington Avenue
- ZIP code
- 10022
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 342,386 SF
- Commercial floor area
- 342,386 SF
- Office
- 320,893 SF
- Retail
- 13,935 SF
- Industrial and storage
- 7,558 SF
- Height
- 32 floors
- Average floor
- About 10,700 SF (floor area divided by floors)
- Year built
- 1964
- Lot area
- 25,125 SF
- Zoning district
- C6-4.5
- Built FAR
- 13.63
- Max commercial FAR
- 12
- Tax lot (BBL)
- 1013097503
Nearest subway
- Lexington Av/53 St
- 59 St
- 5 Av/53 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 4 storefronts at 641 Lexington Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day.
- Storefronts registered for December 31, 2025
- 4
- Vacant that day
- 1
- Share vacant across Midtown
- 14.3%
- Share vacant along Lexington Avenue
- 11.2%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Own or lease out a storefront at 641 Lexington 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, summed over the condominium's unit lot that filed, 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
641 Lexington Avenue is a condominium of 32 tax lots. FIRST LEXINGTON CORPORATION, one of 2 owners of record on the roll, owns the units that make up 75% of its market value. For tax year 2026/27 the city values 641 Lexington Avenue at $112 million and assesses it at $50.4 million. After phase-ins and exemptions its taxable value is $37.7 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 $4.09 million a year before abatements, roughly $11.93 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
- FIRST LEXINGTON CORPORATION (75% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $112,027,002
- Land market value
- $21,100,000
- Assessed value
- $50,412,156
- Taxable value (phased in)
- $49,838,356
- Exemptions
- $12,179,144
- Estimated yearly tax
- About $4.09 million
- Tax per SF of floor area
- About $11.93
- Condominium tax lots
- 32
- Owners of record
- 2
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, summed over 32 condominium tax lots; 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.
Own or manage 641 Lexington Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
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 3 jobs at 641 Lexington Avenue. In the last two years, interior work was permitted on 4 floors (floors 7, 11, 12 and 26 and the cellar). The newest build-out, on floor 7, was first permitted in September 2026 (construction, plumbing, sprinklers; filed cost estimate $1.3 million).
- New jobs, last 12 months
- 3
- Initial permits, last 12 months
- 13
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 4
- Floors with interior work, last 24 months
- 7, 11, 12 and 26, cellar
- Facade and sidewalk jobs, last 24 months
- 2
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
The closest real space on Leasemark is below. Own or broker space at 641 Lexington Avenue? List it free: it shows on this page and is matched against every active requirement the day it goes up.
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
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 641 Lexington Avenue
How big is 641 Lexington Avenue?
641 Lexington Avenue has about 342,000 square feet of floor area in total, including 321,000 square feet of office, 14,000 square feet of retail and 8,000 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 641 Lexington Avenue built?
City records list 1964 as the year built. The building is 32 floors tall.
What other addresses does 641 Lexington Avenue have?
City records list 141-159 East 54th Street and 639-641 Lexington Avenue on the same tax lot (BBL 1013097503) as 641 Lexington Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 641 Lexington Avenue?
641 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 641 Lexington Avenue, New York, NY 10022, in Midtown.
What is the zoning at 641 Lexington Avenue?
The lot is in the C6-4.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.63 and a maximum commercial FAR of 12 for this lot.
What subway station is closest to 641 Lexington Avenue?
The closest subway station to 641 Lexington Avenue is Lexington Av/53 St (the E, F and 6 trains, connected to 51 St), about 550 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 59 St (the 4, 5, 6, N, R and W trains, connected to Lexington Av/59 St), 5 min walk; 5 Av/53 St (the E and F trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 641 Lexington Avenue?
641 Lexington Avenue is a condominium of 32 tax lots. FIRST LEXINGTON CORPORATION, one of 2 owners of record on the roll, owns the units that make up 75% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1013097503). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Is there construction at 641 Lexington Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 641 Lexington Avenue. In the last two years, interior work was permitted on 4 floors (floors 7, 11, 12 and 26 and the cellar). The newest build-out, on floor 7, was first permitted in September 2026 (construction, plumbing, sprinklers; filed cost estimate $1.3 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1013097503. 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 641 Lexington Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $37.7 million for 641 Lexington Avenue (the sum of its 32 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 $4.09 million a year, roughly $11.93 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013097503 show the actual bill.
What is the assessed value of 641 Lexington Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 641 Lexington Avenue at $112 million ($21.1 million of it land) and its assessed value at $50.4 million, the 45% of market value the city assesses for Class 4 property.
Are there vacant storefronts at 641 Lexington Avenue?
Owners registered 4 storefronts at 641 Lexington Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. 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 641 Lexington Avenue?
No space at 641 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.
2,723 buildings from city records
Look up another building
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