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
24/7 accessADA accessible
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Office building · Midtown, Manhattan
693 Fifth Avenue
New York, NY 10022
693 Fifth Avenue is a 20-floor office building in Midtown, Manhattan, built in 1991, with about 81,000 square feet of office space according to city records.
Also at 693-695 Fifth Avenue.
- Office space
- 81K SF
- Floors
- 20
- Year built
- 1991
- Zoning
- C5-3
The 257th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 693 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 693 Fifth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 693 Fifth Avenue ranks 6th of 7 by office floor area. Built in 1991, it is the newest of them. Its estimated property tax, about $43.27 a square foot of floor area before abatements, is above the neighbors' median of $37.24.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 693 Fifth Avenue | 81K SF | 20 | 1991 | $43.27 | Jun 2016, $455M |
| Aeolian Building, 689 Fifth Avenue | 81K SF | 14 | 1927 | $49.60 | n/a |
| 3 East 54th Street | 207K SF | 19 | 1955 | $14.06 | Jan 2026, $141M |
| 711 Fifth Avenue | 262K SF | 18 | 1927 | $64.72 | Aug 2019, $909M |
| 680 Fifth Avenue | 171K SF | 27 | 1957 | $21.95 | n/a |
| 540 Madison Avenue | 264K SF | 37 | 1971 | $25.23 | Jun 2019, $310M |
| 717 Fifth Avenue | 261K SF | 26 | 1958 | $49.25 | 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
- 693-695 Fifth Avenue
- ZIP code
- 10022
- Building type
- Office building (city class O4)
- Total floor area
- 101,319 SF
- Commercial floor area
- 101,319 SF
- Office
- 81,369 SF
- Retail
- 19,950 SF
- Height
- 20 floors
- Average floor
- About 5,100 SF (floor area divided by floors)
- Year built
- 1991
- Lot area
- 5,625 SF
- Zoning district
- C5-3
- Built FAR
- 18.01
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012900003
Nearest subway
- 5 Av/53 St
- 57 St
- 5 Av/59 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 693 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it stood vacant that day. A year earlier, none of 2 did.
- 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 693 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 2026-10-02. 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 693 FIFTH OWNER LLC as the owner of record. For tax year 2026/27 the city values 693 Fifth Avenue at $89.8 million and assesses it at $40.4 million. After phase-ins and exemptions its taxable value is $40.4 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 $4.38 million a year before abatements, roughly $43.27 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
- 693 FIFTH OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $89,806,000
- Land market value
- $7,640,000
- Assessed value
- $40,412,700
- Estimated yearly tax
- About $4.38 million
- Tax per SF of floor area
- About $43.27
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 property records (ACRIS)
Sales history
693 Fifth Avenue last sold in June 2016 for $455 million, according to the deed recorded with the city. THOR 693 LLC sold it to 693 FIFTH OWNER LLC. That comes to about $4,491 per square foot of floor area.
- Last sale (deed date)
- June 10, 2016
- Price
- $455,032,725
- Price per SF of floor area
- About $4,491
- Seller
- THOR 693 LLC
- Buyer
- 693 FIFTH OWNER LLC
- Deed recorded
- June 22, 2016
- ACRIS document
- 2016061401070002
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; 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 September 2026, the Department of Buildings issued first permits for 8 jobs at 693 Fifth Avenue. In the last two years, interior work was permitted on 8 floors (floors 6, 11, 12 and 15 to 19). The newest build-out, on floors 15 and 16, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $561,000).
- New jobs, last 12 months
- 8
- Initial permits, last 12 months
- 24
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 8
- Floors with interior work, last 24 months
- 6, 11, 12 and 15 to 19
- Facade and sidewalk jobs, last 24 months
- 2
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 693 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
24/7 access
Owners: got a fit?I have a fit
Before you sign
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Questions about 693 Fifth Avenue
How big is 693 Fifth Avenue?
693 Fifth Avenue has about 101,000 square feet of floor area in total, including 81,000 square feet of office and 20,000 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 693 Fifth Avenue built?
City records list 1991 as the year built. The building is 20 floors tall.
What other addresses does 693 Fifth Avenue have?
City records list 693-695 Fifth Avenue on the same tax lot (BBL 1012900003) as 693 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 693 Fifth Avenue?
693 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 693 Fifth Avenue, New York, NY 10022, in Midtown.
What is the zoning at 693 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 18.01 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 693 Fifth Avenue?
The closest subway station to 693 Fifth Avenue is 5 Av/53 St (the E and F trains), about 350 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.
Who owns 693 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 693 FIFTH OWNER LLC as the owner of record of 693 Fifth Avenue (BBL 1012900003). 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 693 Fifth Avenue last sold?
693 Fifth Avenue last sold in June 2016 for $455 million, according to the deed recorded with the city. THOR 693 LLC sold it to 693 FIFTH OWNER LLC. That comes to about $4,491 per square foot of floor area. The deed is ACRIS document 2016061401070002 (BBL 1012900003) 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 693 Fifth Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 8 jobs at 693 Fifth Avenue. In the last two years, interior work was permitted on 8 floors (floors 6, 11, 12 and 15 to 19). The newest build-out, on floors 15 and 16, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $561,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012900003. 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 693 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $40.4 million for 693 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 $4.38 million a year, roughly $43.27 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012900003 show the actual bill.
What is the assessed value of 693 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 693 Fifth Avenue at $89.8 million ($7.64 million of it land) and its assessed value at $40.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 22% from 2022/23 ($115.7 million) to 2026/27.
Are there vacant storefronts at 693 Fifth Avenue?
Owners registered one storefront at 693 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it stood vacant that day. A year earlier, none of 2 did. 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 693 Fifth Avenue?
No space at 693 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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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.
Midtown
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq