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
Office building · Midtown, Manhattan
New York, NY 10022
695 Lexington Avenue is a 20-floor office building in Midtown, Manhattan, built in 1931, with about 96,000 square feet of office space according to city records.
Also at 136 East 57th Street and 691-695 Lexington Avenue.
The 245th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 695 Lexington 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
Next to the 6 nearest large office buildings, all within a 2 minute walk, 695 Lexington Avenue ranks 5th of 7 by office floor area. It went up in 1931; the median neighbor dates from 1972. Its estimated property tax, about $12.89 a square foot of floor area before abatements, is below the neighbors' median of $16.49.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 695 Lexington Avenue | 96K SF | 20 | 1931 | $12.89 | n/a |
| 145 East 57th Street | 54K SF | 13 | 1926 | $16.48 | Oct 2016, $62.8M |
| 950 Third Avenue | 308K SF | 32 | 1977 | $11.60 | Mar 2012, $15.8M |
| 135 East 57th Street | 267K SF | 32 | 1987 | $19.99 | n/a |
| 150 East 58th Street | 346K SF | 39 | 1968 | $16.50 | n/a |
| 126 East 56th Street | 172K SF | 33 | 1982 | $21.07 | Apr 2023, $113M |
| 155 East 55th Street | 60K SF | 13 | 1961 | $7.17 | Jun 2021, $47M |
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
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
The Department of Finance lists 136 PROP CO LLC as the owner of record. For tax year 2026/27 the city values 695 Lexington Avenue at $29.7 million and assesses it at $13.4 million. After phase-ins and exemptions its taxable value is $12.2 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 $1.33 million a year before abatements, roughly $12.89 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.
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)
695 Lexington Avenue reported an ENERGY STAR score of 82 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 34.4 kBtu per square foot, 39% below the national median of 56.1 for a similar property. Its greenhouse gas emissions were about 407 metric tons of CO2e (3.95 kg per square foot).
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. 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.
NYC Department of Buildings permits
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 695 Lexington Avenue. In the last two years, interior work was permitted on 19 floors (floors 1 to 19, the cellar and the penthouse). The newest build-out, on floors 1 to 19, the cellar and the penthouse, was first permitted in September 2026 (construction; filed cost estimate $1.2 million).
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.
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 695 Lexington Avenue and we match it against every new one automatically.
Posted by a tenant rep broker · Legal
Posted by a tenant rep broker · Finance
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695 Lexington Avenue has about 103,000 square feet of floor area in total, including 96,000 square feet of office and 7,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
City records list 1931 as the year built, with a major alteration recorded in 1987. The building is 20 floors tall.
City records list 136 East 57th Street and 691-695 Lexington Avenue on the same tax lot (BBL 1013110050) as 695 Lexington Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
695 Lexington 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 695 Lexington Avenue, New York, NY 10022, in Midtown.
The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 20.42 and a maximum commercial FAR of 10 for this lot.
The closest subway station to 695 Lexington Avenue is 59 St (the 4, 5, 6, N, R and W trains, connected to Lexington Av/59 St), about 750 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Lexington Av/53 St (the E, F and 6 trains, connected to 51 St), 4 min walk; Lexington Av/63 St (the M and Q trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists 136 PROP CO LLC as the owner of record of 695 Lexington Avenue (BBL 1013110050). 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.
695 Lexington Avenue reported an ENERGY STAR score of 82 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 82 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 34.4 kBtu per square foot, 39% below the national median of 56.1 for a similar property. Its greenhouse gas emissions were about 407 metric tons of CO2e (3.95 kg per square foot).
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 695 Lexington Avenue. In the last two years, interior work was permitted on 19 floors (floors 1 to 19, the cellar and the penthouse). The newest build-out, on floors 1 to 19, the cellar and the penthouse, was first permitted in September 2026 (construction; filed cost estimate $1.2 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1013110050. 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 $12.2 million for 695 Lexington Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.33 million a year, roughly $12.89 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013110050 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 695 Lexington Avenue at $29.7 million ($8.8 million of it land) and its assessed value at $13.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 28% from 2022/23 ($23.2 million) to 2026/27.
No space at 695 Lexington 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
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.