Office building with commercial space · Flatiron, Manhattan

Adams Dry Goods Building

675 Avenue of the Americas, New York, NY 10010

The Adams Dry Goods Building (675 Avenue of the Americas) is a 6-floor office building with commercial space in Flatiron, Manhattan, built in 1902, with about 200,000 square feet of office space according to city records.

Also at 675-691 Avenue of the Americas, 101-115 West 21st Street and 100-114 West 22nd Street.

Office space
200K SF
Floors
6
Year built
1902
Zoning
C6-3A

Office space next to its nearest neighbors

  1. Adams Dry Goods BuildingThis building200K SF
  2. 54 West 21st Street2 min walk110K SF
  3. 118 West 22nd Street1 min walk82K SF
  4. 56 West 22nd Street1 min walk51K SF

The 15th largest of the 90 office buildings we track in Flatiron. Compare it with 6 neighbors

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Compared with its neighbors

How the Adams Dry Goods Building compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, the Adams Dry Goods Building is the largest by office floor area. It went up in 1902; the median neighbor dates from 1909. Its estimated property tax, about $24.69 a square foot of floor area before abatements, is above the neighbors' median of $12.65.

The Adams Dry Goods Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
Adams Dry Goods Building, 675 Avenue of the AmericasThis building200K SF61902$24.69n/a
118 West 22nd Street1 min walk82K SF121911$10.11Jun 2026, $28M
56 West 22nd Street1 min walk51K SF121908$12.53Mar 2020, $48.5M
54 West 21st Street2 min walk110K SF121910$12.78n/a
45 West 21st Street2 min walk50K SF61902$9.41n/a
Simpson, Crawford & Simpson Building, 641 Avenue of the Americas2 min walk122K SF81902$24.27Jun 2021, $204M
150 West 22nd Street2 min walk69K SF121910$13.10n/a
The 15th largest of the 90 office buildings we track in Flatiron: 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

Building name
Adams Dry Goods Building
Other addresses
675-691 Avenue of the Americas; 101-115 West 21st Street; 100-114 West 22nd Street
ZIP code
10010
Building type
Office building with commercial space (city class O5)
Total floor area
237,000 SF
Commercial floor area
237,000 SF
Office
200,000 SF
Retail
37,000 SF
Height
6 floors
Average floor
About 39,500 SF (floor area divided by floors)
Year built
1902
Last major alteration
2014
Lot area
39,500 SF
Zoning district
C6-3A
Built FAR
6
Max commercial FAR
6
Historic district
Ladies' Mile Historic District
Tax lot (BBL)
1007970037

Nearest subway

  • 23 St2 min walk · Not accessible
  • 23 St3 min walk · Not accessible
  • 18 St4 min walk · Not accessible

Nearby large buildings

All 59 large office buildings on Avenue of the Americas

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 3 storefronts at the Adams Dry Goods Building for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2025
3
Vacant that day
0
Share vacant across Flatiron
11.8%
Share vacant along Avenue of the Americas
14.1%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20190 of 3
  • 20200 of 3
  • 20210 of 3
  • 20220 of 3
  • 2023None registered
  • 20240 of 3
  • 20250 of 3

Bars show the share of the lot's registered storefronts that stood vacant.

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, 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

The Department of Finance lists 675 OWNERSHIP LLC as the owner of record. For tax year 2026/27 the city values the Adams Dry Goods Building at $124.4 million and assesses it at $56 million. After phase-ins and exemptions its taxable value is $53.9 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 $5.85 million a year before abatements, roughly $24.69 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
675 OWNERSHIP LLC
Tax class
Class 4 (commercial and industrial)
City market value
$124,428,000
Land market value
$42,000,000
Assessed value
$55,992,600
Taxable value (phased in)
$53,930,520
Estimated yearly tax
About $5.85 million
Tax per SF of floor area
About $24.69

City market value by tax year

  • 2022/23$113.5 million
  • 2023/24$118.5 million
  • 2024/25$120.4 million
  • 2025/26$122.4 million
  • 2026/27$124.4 million

Market value rose 10% from 2022/23 ($113.5 million) to 2026/27.

How Flatiron compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

The Adams Dry Goods Building reported an ENERGY STAR score of 83 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 68.9 kBtu per square foot, 40% below the national median of 114.1 for a similar property. Its greenhouse gas emissions were about 1,936 metric tons of CO2e (7.19 kg per square foot).

ENERGY STAR score (2024)
83 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
68.9 kBtu/SF
National median for the type
114.1 kBtu/SF
Greenhouse gas emissions
1,936 t CO2e
Emissions per SF
7.19 kg CO2e
Floor area in the filing
269,420 SF

ENERGY STAR score by year

  • 202283 (B)
  • 202374 (B)
  • 202483 (B)

Energy sources in 2024

  • Electricity83%
  • Natural gas17%

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 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, the Adams Dry Goods Building comes to about 1,470 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,331 tons for 2024 to 2029 (63% of the limit), so it would owe no penalty. From 2030 the limit drops to 805 tons and the same energy use counts as about 822 tons, about 17 tons over, or an estimated $4,600 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
2,331 t CO2e
Estimated emissions
1,470 t CO2e
Under the limit by
861 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
805 t CO2e
Estimated emissions
822 t CO2e
Over the limit by
17 t CO2e
Estimated penalty a year
$4,600

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.) 10,500 SF; Office 206,420 SF; Supermarket/Grocery Store 19,000 SF; Retail Store 33,500 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.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

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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 7 jobs at the Adams Dry Goods Building. In the last two years, interior work was permitted on 4 floors (floors 1, 3, 5 and 6, the cellar and the mezzanine). The newest build-out, on floor 6, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $286,000).

New jobs, last 12 months
7
Initial permits, last 12 months
11
Newest job first permitted
July 2026
Interior build-outs, last 24 months
5
Floors with interior work, last 24 months
1, 3, 5 and 6, cellar, mezzanine

Recent build-outs

  • Floor 6June 2026Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $286,000
  • Floor 3May 2026Construction, Mechanical; 2 jobs; est. $130,000; signed off
  • CellarJanuary 2026Boiler; est. $36,000; signed off
  • Floor 1, mezzanine, roofJune 2025Construction, Plumbing; est. $200,000
  • Floor 5March 2025Construction, Mechanical, Plumbing, Sprinklers; 6 jobs; est. $5 million

New jobs by year

  • 20212
  • 20226
  • 20237
  • 20247
  • 20257
  • 2026 to date7

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.

Landmarks Preservation Commission records

Architecture and history

The Adams Dry Goods Building was designed by De Lemos & Cordes and built in 1900-1902 in the Beaux-Arts style. It stands in the Ladies' Mile Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
De Lemos & Cordes
Constructed
1900-1902
Style
Beaux-Arts
Primary material
Buff brick
Built as
Department store

Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.

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Questions about Adams Dry Goods Building

How big is the Adams Dry Goods Building?

The Adams Dry Goods Building has about 237,000 square feet of floor area in total, including 200,000 square feet of office and 37,000 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 the Adams Dry Goods Building built?

The Landmarks Preservation Commission's building records date the Adams Dry Goods Building to 1900-1902, designed by De Lemos & Cordes. The building is 6 floors tall.

Who designed the Adams Dry Goods Building?

De Lemos & Cordes, according to the Landmarks Preservation Commission's building records, which list the style as Beaux-Arts and its original use as a department store.

What is the address of the Adams Dry Goods Building?

The Adams Dry Goods Building is at 675 Avenue of the Americas in Flatiron, Manhattan. City records list 675-691 Avenue of the Americas, 101-115 West 21st Street and 100-114 West 22nd Street on the same tax lot (BBL 1007970037). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 675 Avenue of the Americas?

675 Avenue of the Americas is in ZIP code 10010, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Adams Dry Goods Building is at 675 Avenue of the Americas, New York, NY 10010, in Flatiron.

What is the zoning at the Adams Dry Goods Building?

The lot is in the C6-3A zoning district. PLUTO lists a built floor area ratio (FAR) of 6 and a maximum commercial FAR of 6 for this lot. It is inside the Ladies' Mile Historic District, so exterior changes go through the Landmarks Preservation Commission.

What subway station is closest to the Adams Dry Goods Building?

The closest subway station to the Adams Dry Goods Building is 23 St (the F and M trains), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 23 St (the 1 train), 3 min walk; 18 St (the 1 train), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Adams Dry Goods Building?

The NYC Department of Finance's 2026/27 assessment roll lists 675 OWNERSHIP LLC as the owner of record of the Adams Dry Goods Building (BBL 1007970037). 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.

What is the energy grade of the Adams Dry Goods Building?

The Adams Dry Goods Building reported an ENERGY STAR score of 83 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 83 earns a B. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 68.9 kBtu per square foot, 40% below the national median of 114.1 for a similar property. Its greenhouse gas emissions were about 1,936 metric tons of CO2e (7.19 kg per square foot).

Does the Adams Dry Goods Building meet Local Law 97?

At its 2024 energy use, the Adams Dry Goods Building comes to about 1,470 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,331 tons for 2024 to 2029 (63% of the limit), so it would owe no penalty. From 2030 the limit drops to 805 tons and the same energy use counts as about 822 tons, about 17 tons over, or an estimated $4,600 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 the Adams Dry Goods Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at the Adams Dry Goods Building. In the last two years, interior work was permitted on 4 floors (floors 1, 3, 5 and 6, the cellar and the mezzanine). The newest build-out, on floor 6, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $286,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007970037. 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 the Adams Dry Goods Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $53.9 million for the Adams Dry Goods Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $5.85 million a year, roughly $24.69 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007970037 show the actual bill.

What is the assessed value of the Adams Dry Goods Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Adams Dry Goods Building at $124.4 million ($42 million of it land) and its assessed value at $56 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($113.5 million) to 2026/27.

Are there vacant storefronts at the Adams Dry Goods Building?

Owners registered 3 storefronts at the Adams Dry Goods Building for December 31, 2025, 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 the Adams Dry Goods Building?

No space at 675 Avenue of the Americas 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.

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