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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Office building with commercial space · Midtown, Manhattan
659 Fifth Avenue
New York, NY 10022
659 Fifth Avenue is an 8-floor office building with commercial space in Midtown, Manhattan, built in 1912, with about 61,000 square feet of office space according to city records.
Also at 659-663 Fifth Avenue.
- Office space
- 61K SF
- Floors
- 8
- Year built
- 1912
- Zoning
- C5-3
The 288th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 659 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 659 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 659 Fifth Avenue is the smallest by office floor area. Built in 1912, it is the oldest of them. Its estimated property tax, about $49.12 a square foot of floor area before abatements, is above the neighbors' median of $27.49.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 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 |
| 510 Madison Avenue | 283K SF | 30 | 2007 | $41.09 | n/a |
| 650 Fifth Avenue | 271K SF | 36 | 1977 | $35.33 | Mar 2026, $435M |
| 16 East 52nd Street | 82K SF | 16 | 1927 | $13.69 | n/a |
| 666 Fifth Avenue | 1.2M SF | 40 | 1958 | $33.15 | 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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 659-663 Fifth Avenue
- ZIP code
- 10022
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 75,871 SF
- Commercial floor area
- 75,871 SF
- Office
- 60,805 SF
- Retail
- 15,066 SF
- Height
- 8 floors
- Average floor
- About 9,500 SF (floor area divided by floors)
- Year built
- 1912
- Lot area
- 8,800 SF
- Zoning district
- C5-3
- Built FAR
- 8.62
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012880003
Nearest subway
- 5 Av/53 St
- 51 St
- 57 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists SATOR REALTY INC as the owner of record. For tax year 2026/27 the city values 659 Fifth Avenue at $87.8 million and assesses it at $39.5 million. After phase-ins and exemptions its taxable value is $34.4 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 $3.73 million a year before abatements, roughly $49.12 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
- SATOR REALTY INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $87,763,000
- Land market value
- $8,880,000
- Assessed value
- $39,493,350
- Taxable value (phased in)
- $34,356,240
- Estimated yearly tax
- About $3.73 million
- Tax per SF of floor area
- About $49.12
City market value by tax year
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 2026-10-02; 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
659 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 102.5 kBtu per square foot, 2.7 times the national median of 37.9 for a similar property. Its greenhouse gas emissions were about 808 metric tons of CO2e (10.41 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 102.5 kBtu/SF
- National median for the type
- 37.9 kBtu/SF
- Greenhouse gas emissions
- 808 t CO2e
- Emissions per SF
- 10.41 kg CO2e
- Floor area in the filing
- 77,586 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 4 jobs at 659 Fifth Avenue. In the last two years, interior work was permitted on 3 floors (floors 1 to 3 and the cellar). The newest build-out, on floors 1 to 3 and the cellar, was first permitted in April 2026 (construction, mechanical, sprinklers, structural; filed cost estimate $110,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 4
- Newest job first permitted
- April 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 to 3, cellar
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 659 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
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Questions about 659 Fifth Avenue
How big is 659 Fifth Avenue?
659 Fifth Avenue has about 76,000 square feet of floor area in total, including 61,000 square feet of office and 15,000 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 659 Fifth Avenue built?
City records list 1912 as the year built. The building is 8 floors tall.
What other addresses does 659 Fifth Avenue have?
City records list 659-663 Fifth Avenue on the same tax lot (BBL 1012880003) as 659 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 659 Fifth Avenue?
659 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 659 Fifth Avenue, New York, NY 10022, in Midtown.
What is the zoning at 659 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.62 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 659 Fifth Avenue?
The closest subway station to 659 Fifth Avenue is 5 Av/53 St (the E and F trains), about 200 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; 57 St (the M train), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 659 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists SATOR REALTY INC as the owner of record of 659 Fifth Avenue (BBL 1012880003). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 659 Fifth Avenue have an energy grade?
659 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 102.5 kBtu per square foot, 2.7 times the national median of 37.9 for a similar property. Its greenhouse gas emissions were about 808 metric tons of CO2e (10.41 kg per square foot).
Is there construction at 659 Fifth Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 4 jobs at 659 Fifth Avenue. In the last two years, interior work was permitted on 3 floors (floors 1 to 3 and the cellar). The newest build-out, on floors 1 to 3 and the cellar, was first permitted in April 2026 (construction, mechanical, sprinklers, structural; filed cost estimate $110,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012880003. 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 659 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $34.4 million for 659 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 $3.73 million a year, roughly $49.12 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012880003 show the actual bill.
What is the assessed value of 659 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 659 Fifth Avenue at $87.8 million ($8.88 million of it land) and its assessed value at $39.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($69.3 million) to 2026/27.
Is there office space for lease at 659 Fifth Avenue?
No space at 659 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
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