Aeolian Building

The Aeolian Building has about 91,000 square feet of floor area in total, including 81,000 square feet of office and 11,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date the Aeolian Building to 1925-1927, designed by Warren & Wetmore (architect), James Baird Construction Co. (bldr). The building is 14 floors tall.

Warren & Wetmore (architect), James Baird Construction Co. (bldr), according to the Landmarks Preservation Commission's building records, which list the style as Neoclassical and its original use as store and offices.

Yes. The Landmarks Preservation Commission designated the Aeolian Building an individual landmark on December 10, 2002 (LP-02125). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

The Aeolian Building is at 689 Fifth Avenue in Midtown, Manhattan. City records list 1 East 54th Street and 689-691 Fifth Avenue on the same tax lot (BBL 1012900001). A space listed on Leasemark at any of these addresses shows up on this page.

689 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 Aeolian Building is at 689 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 13.17 and a maximum commercial FAR of 15 for this lot.

The closest subway station to the Aeolian Building is 5 Av/53 St (the E and F trains), about 300 feet away in a straight line, roughly 1 minute on foot. Also nearby: 57 St (the M train), 5 min walk; 5 Av/59 St (the N, R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 689 FIFTH AVENUE L.L.C. as the owner of record of the Aeolian Building (BBL 1012900001). 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.

The Aeolian Building reported an ENERGY STAR score of 60 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 60 earns a C. 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 73.1 kBtu per square foot, 13% below the national median of 83.8 for a similar property. Its greenhouse gas emissions were about 739 metric tons of CO2e (7.14 kg per square foot).

In the 12 months to September 2026, the Department of Buildings issued first permits for 8 jobs at the Aeolian Building. In the last two years, interior work was permitted on 5 floors (floors 1, 4, 6, 7 and 14). The newest build-out, on floor 7, was first permitted in August 2026 (construction; filed cost estimate $550,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012900001. 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 $41.7 million for the Aeolian Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $4.52 million a year, roughly $49.60 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012900001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Aeolian Building at $99 million ($11.5 million of it land) and its assessed value at $44.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($91.7 million) to 2026/27.

Owners registered 3 storefronts at the Aeolian Building for December 31, 2024, 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.

No space at 689 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.