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
Office building with commercial space · Midtown, Manhattan
New York, NY 10022
655 Fifth Avenue is a 9-floor office building with commercial space in Midtown, Manhattan, built in 1912, with about 39,000 square feet of office space according to city records.
Also at 1 East 52nd Street and 655-657 Fifth Avenue.
The 343rd largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 655 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. Nothing free right now? Get tenant alerts for Midtown and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
Next to the 6 nearest large office buildings, all within a 1 minute walk, 655 Fifth Avenue is the smallest by office floor area. It went up in 1912; the median neighbor dates from 1974. Its estimated property tax, about $83.76 a square foot of floor area before abatements, is above the neighbors' median of $28.58.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 655 Fifth Avenue | 39K SF | 9 | 1912 | $83.76 | Oct 2010, $71M |
| 659 Fifth Avenue | 61K SF | 8 | 1912 | $49.12 | n/a |
| 665 Fifth Avenue | 147K SF | 28 | 2024 | $5.88 | n/a |
| 10 East 53rd Street | 361K SF | 38 | 1971 | $21.82 | Aug 2026, $310M |
| 650 Fifth Avenue | 271K SF | 36 | 1977 | $35.33 | Mar 2026, $435M |
| 16 East 52nd Street | 82K SF | 16 | 1927 | $13.69 | n/a |
| 510 Madison Avenue | 283K SF | 30 | 2007 | $41.09 | 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
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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
The Department of Finance lists 655 FIFTH AVENUE LLC as the owner of record. For tax year 2026/27 the city values 655 Fifth Avenue at $89.9 million and assesses it at $40.5 million. After phase-ins and exemptions its taxable value is $40.5 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 $4.39 million a year before abatements, roughly $83.76 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.
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 2026-10-08; 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 655 Fifth Avenue? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
655 Fifth Avenue last sold in October 2010 for $71 million, according to the deed recorded with the city. 655 FIFTH OWNER LLC, A DELAWARE CORPORATION sold it to MM 655 FIFTH LLC, A DELAWARE LIMITED LIABILITY. That comes to about $1,355 per square foot of floor area.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; 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.
NYC energy benchmarking (Local Law 84)
655 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 96 kBtu per square foot, 2.5 times the national median of 38.4 for a similar property. Its greenhouse gas emissions were about 521 metric tons of CO2e (9.59 kg per square foot).
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 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
At its 2024 energy use, 655 Fifth Avenue comes to about 386 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 396 tons for 2024 to 2029 (98% of the limit), so it would owe no penalty. From 2030 the limit drops to 154 tons and the same energy use counts as about 227 tons, about 74 tons over, or an estimated $20,000 a year unless the building cuts its emissions.
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Personal Services (Health/Beauty, Dry Cleaning, etc.) 8,639 SF; Office 26,745 SF; Retail Store 18,917 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 655 Fifth Avenue? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 655 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, was first permitted in May 2026 (mechanical; filed cost estimate $25,000).
Build-outs across MidtownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). 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.
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 655 Fifth Avenue and we match it against every new one automatically.
Posted by a tenant rep broker · Legal
Posted by a tenant rep broker · Finance
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655 Fifth Avenue has about 52,000 square feet of floor area in total, including 39,000 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.
City records list 1912 as the year built, with a major alteration recorded in 1969. The building is 9 floors tall.
City records list 1 East 52nd Street and 655-657 Fifth Avenue on the same tax lot (BBL 1012880001) as 655 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
655 Fifth 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 655 Fifth Avenue, New York, NY 10022, in Midtown.
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.11 and a maximum commercial FAR of 15 for this lot.
The closest subway station to 655 Fifth Avenue is 5 Av/53 St (the E and F trains), about 250 feet away in a straight line, roughly 1 minute on foot. Also nearby: 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 6 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists 655 FIFTH AVENUE LLC as the owner of record of 655 Fifth Avenue (BBL 1012880001). 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.
655 Fifth Avenue last sold in October 2010 for $71 million, according to the deed recorded with the city. 655 FIFTH OWNER LLC, A DELAWARE CORPORATION sold it to MM 655 FIFTH LLC, A DELAWARE LIMITED LIABILITY. That comes to about $1,355 per square foot of floor area. The deed is ACRIS document 2010102900242001 (BBL 1012880001) 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.
655 Fifth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 96 kBtu per square foot, 2.5 times the national median of 38.4 for a similar property. Its greenhouse gas emissions were about 521 metric tons of CO2e (9.59 kg per square foot).
At its 2024 energy use, 655 Fifth Avenue comes to about 386 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 396 tons for 2024 to 2029 (98% of the limit), so it would owe no penalty. From 2030 the limit drops to 154 tons and the same energy use counts as about 227 tons, about 74 tons over, or an estimated $20,000 a year unless the building cuts its emissions. 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 4 jobs at 655 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, was first permitted in May 2026 (mechanical; filed cost estimate $25,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012880001. 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 $40.5 million for 655 Fifth Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $4.39 million a year, roughly $83.76 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012880001 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 655 Fifth Avenue at $89.9 million ($11.5 million of it land) and its assessed value at $40.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 2% from 2022/23 ($88.1 million) to 2026/27.
No space at 655 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.
2,180 buildings from city records
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.
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