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
681 Fifth Avenue
New York, NY 10022
681 Fifth Avenue is a 12-floor office building with commercial space in Midtown, Manhattan, built in 1913, with about 37,000 square feet of office space according to city records.
- Office space
- 37K SF
- Floors
- 12
- Year built
- 1913
- Zoning
- C5-3
The 348th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 681 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
How 681 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 681 Fifth Avenue is the smallest by office floor area. Built in 1913, it is the oldest of them. Its estimated property tax, about $96.55 a square foot of floor area before abatements, is above the neighbors' median of $26.11.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 681 Fifth Avenue | 37K SF | 12 | 1913 | $96.55 | Dec 2005, $86M |
| Aeolian Building, 689 Fifth Avenue | 81K SF | 14 | 1927 | $49.60 | n/a |
| 693 Fifth Avenue | 81K SF | 20 | 1991 | $43.27 | Jun 2016, $455M |
| 680 Fifth Avenue | 171K SF | 27 | 1957 | $21.95 | n/a |
| 665 Fifth Avenue | 147K SF | 28 | 2024 | $5.88 | n/a |
| 512 Madison Avenue | 992K SF | 43 | 1982 | $30.26 | n/a |
| 3 East 54th Street | 207K SF | 19 | 1955 | $14.06 | Jan 2026, $141M |
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
- ZIP code
- 10022
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 58,824 SF
- Commercial floor area
- 58,824 SF
- Office
- 36,824 SF
- Retail
- 22,000 SF
- Height
- 12 floors
- Average floor
- About 4,900 SF (floor area divided by floors)
- Year built
- 1913
- Last major alteration
- 1987
- Lot area
- 5,250 SF
- Zoning district
- C5-3
- Built FAR
- 11.2
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012890072
Nearest subway
- 5 Av/53 St
- 57 St
- 51 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 681 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it stood vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 1
- Share vacant across Midtown
- 14.0%
- Share vacant along Fifth Avenue
- 12.6%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 681 Fifth 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 2024, pulled 2026-10-08. 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 2024 filing was due June 3, 2025, 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 681 FIFTH AVENUE LLC as the owner of record. For tax year 2026/27 the city values 681 Fifth Avenue at $116.3 million and assesses it at $52.4 million. After phase-ins and exemptions its taxable value is $52.4 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 $5.68 million a year before abatements, roughly $96.55 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
- 681 FIFTH AVENUE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $116,349,000
- Land market value
- $8,400,000
- Assessed value
- $52,357,050
- Estimated yearly tax
- About $5.68 million
- Tax per SF of floor area
- About $96.55
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 2026-10-08; 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 681 Fifth Avenue? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
681 Fifth Avenue last sold in December 2005 for $86 million, according to the deed recorded with the city. FORTUNOFF FINE JEWELRY AND SILVERWARE, INC. sold it to 681 FIFTH AVENUE LLC. That comes to about $1,462 per square foot of floor area.
- Last sale (deed date)
- December 1, 2005
- Price
- $86,000,000
- Price per SF of floor area
- About $1,462
- Seller
- FORTUNOFF FINE JEWELRY AND SILVERWARE, INC.
- Buyer
- 681 FIFTH AVENUE LLC
- Deed recorded
- December 14, 2005
- ACRIS document
- 2005120601055001
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 Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 681 Fifth Avenue. In the last two years, interior work was permitted on one floor (floor 12). The newest build-out, on floor 12, was first permitted in January 2026 (construction, sprinklers; filed cost estimate $655,000). A sidewalk shed permit here is active until December 8, 2026.
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 2
- Newest job first permitted
- January 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 12
- Facade and sidewalk jobs, last 24 months
- 2
- Sidewalk shed permit
- Active until Dec 8, 2026
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 2026-10-08 (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 681 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 681 Fifth Avenue
How big is 681 Fifth Avenue?
681 Fifth Avenue has about 59,000 square feet of floor area in total, including 37,000 square feet of office and 22,000 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 681 Fifth Avenue built?
City records list 1913 as the year built, with a major alteration recorded in 1987. The building is 12 floors tall.
What is the ZIP code of 681 Fifth Avenue?
681 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 681 Fifth Avenue, New York, NY 10022, in Midtown.
What is the zoning at 681 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.2 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 681 Fifth Avenue?
The closest subway station to 681 Fifth Avenue is 5 Av/53 St (the E and F trains), about 150 feet away in a straight line, roughly 1 minute on foot. Also nearby: 57 St (the M train), 5 min walk; 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 681 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 681 FIFTH AVENUE LLC as the owner of record of 681 Fifth Avenue (BBL 1012890072). 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 681 Fifth Avenue last sold?
681 Fifth Avenue last sold in December 2005 for $86 million, according to the deed recorded with the city. FORTUNOFF FINE JEWELRY AND SILVERWARE, INC. sold it to 681 FIFTH AVENUE LLC. That comes to about $1,462 per square foot of floor area. The deed is ACRIS document 2005120601055001 (BBL 1012890072) 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.
Is there construction at 681 Fifth Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 681 Fifth Avenue. In the last two years, interior work was permitted on one floor (floor 12). The newest build-out, on floor 12, was first permitted in January 2026 (construction, sprinklers; filed cost estimate $655,000). A sidewalk shed permit here is active until December 8, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012890072. 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 681 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $52.4 million for 681 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 $5.68 million a year, roughly $96.55 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012890072 show the actual bill.
What is the assessed value of 681 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 681 Fifth Avenue at $116.3 million ($8.4 million of it land) and its assessed value at $52.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 7% from 2022/23 ($124.9 million) to 2026/27.
Are there vacant storefronts at 681 Fifth Avenue?
Owners registered one storefront at 681 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it 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, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 681 Fifth Avenue?
No space at 681 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.
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