Office building with commercial space · Midtown, Manhattan

655 Fifth Avenue

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.

Office space
39K SF
Floors
9
Year built
1912
Zoning
C5-3

Office space next to its nearest neighbors

  1. 665 Fifth Avenue1 min walk147K SF
  2. 659 Fifth Avenue1 min walk61K SF
  3. 655 Fifth AvenueThis building39K SF

The 343rd largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How 655 Fifth Avenue compares

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.

655 Fifth Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
655 Fifth AvenueThis building39K SF91912$83.76Oct 2010, $71M
659 Fifth Avenue1 min walk61K SF81912$49.12n/a
665 Fifth Avenue1 min walk147K SF282024$5.88n/a
10 East 53rd Street1 min walk361K SF381971$21.82Aug 2026, $310M
650 Fifth Avenue1 min walk271K SF361977$35.33Mar 2026, $435M
16 East 52nd Street1 min walk82K SF161927$13.69n/a
510 Madison Avenue1 min walk283K SF302007$41.09n/a
The 343rd 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

Other addresses
1 East 52nd Street; 655-657 Fifth Avenue
ZIP code
10022
Building type
Office building with commercial space (city class O6)
Total floor area
52,400 SF
Commercial floor area
52,400 SF
Office
39,300 SF
Retail
13,100 SF
Height
9 floors
Average floor
About 5,800 SF (floor area divided by floors)
Year built
1912
Last major alteration
1969
Lot area
5,750 SF
Zoning district
C5-3
Built FAR
9.11
Max commercial FAR
15
Tax lot (BBL)
1012880001

Nearest subway

  • 5 Av/53 St1 min walk · Not accessible
  • 51 St6 min walk · Accessible station · connects to Lexington Av/53 St
  • 47-50 Sts-Rockefeller Ctr6 min walk · Accessible station

Nearby large buildings

All 115 large office buildings on Fifth Avenue

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

Owner, property tax and assessed value

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.

Owner of record
655 FIFTH AVENUE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$89,905,000
Land market value
$11,500,000
Assessed value
$40,457,250
Estimated yearly tax
About $4.39 million
Tax per SF of floor area
About $83.76

City market value by tax year

  • 2022/23$88.1 million
  • 2023/24$93.5 million
  • 2024/25$95.3 million
  • 2025/26$96.7 million
  • 2026/27$89.9 million

Market value rose 2% from 2022/23 ($88.1 million) to 2026/27.

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

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.

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NYC property records (ACRIS)

Sales history

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.

Last sale (deed date)
October 18, 2010
Price
$71,000,000
Price per SF of floor area
About $1,355
Seller
655 FIFTH OWNER LLC, A DELAWARE CORPORATION
Buyer
MM 655 FIFTH LLC, A DELAWARE LIMITED LIABILITY
Deed recorded
November 12, 2010
ACRIS document
2010102900242001
All 82 building sales in Midtown since 2016

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)

Energy use and emissions

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).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Mixed Use Property
Site energy use intensity
96 kBtu/SF
National median for the type
38.4 kBtu/SF
Greenhouse gas emissions
521 t CO2e
Emissions per SF
9.59 kg CO2e
Floor area in the filing
54,301 SF

Energy sources in 2024

  • Electricity71%
  • District steam19%
  • Natural gas10%

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), 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

Local Law 97 emissions limit

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.

Period
2024 to 2029
Emissions limit
396 t CO2e
Estimated emissions
386 t CO2e
Under the limit by
10 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
154 t CO2e
Estimated emissions
227 t CO2e
Over the limit by
74 t CO2e
Estimated penalty a year
$20,000

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

Work permits and build-outs

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).

New jobs, last 12 months
4
Initial permits, last 12 months
7
Newest job first permitted
May 2026
Interior build-outs, last 24 months
3
Floors with interior work, last 24 months
1 and 2, cellar, mezzanine
Facade and sidewalk jobs, last 24 months
2

Recent build-outs

  • Floors 1 and 2May 2026Mechanical; est. $25,000
  • Floors 1 and 2, cellar, mezzanineApril 2026Plumbing, Sprinklers; est. $26,000
  • Floors 1 and 2, cellarApril 2026Construction, Structural; 2 jobs; est. $1.1 million

New jobs by year

  • 20210
  • 20222
  • 20230
  • 20245
  • 20251
  • 2026 to date4

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.

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 655 Fifth Avenue and we match it against every new one automatically.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 655 Fifth Avenue

How big is 655 Fifth Avenue?

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.

When was 655 Fifth Avenue built?

City records list 1912 as the year built, with a major alteration recorded in 1969. The building is 9 floors tall.

What other addresses does 655 Fifth Avenue have?

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.

What is the ZIP code of 655 Fifth Avenue?

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.

What is the zoning at 655 Fifth Avenue?

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.

What subway station is closest to 655 Fifth Avenue?

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.

Who owns 655 Fifth Avenue?

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.

When was 655 Fifth Avenue last sold?

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.

Does 655 Fifth Avenue have an energy grade?

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).

Does 655 Fifth Avenue meet Local Law 97?

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.

Is there construction at 655 Fifth Avenue?

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.

What are the property taxes at 655 Fifth Avenue?

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.

What is the assessed value of 655 Fifth Avenue?

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.

Is there office space for lease at 655 Fifth Avenue?

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

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.