Heckscher Building

The Heckscher Building has about 54,000 square feet of floor area in total, including 41,000 square feet of office and 14,000 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 1921 as the year built. The building is 12 floors tall.

Yes. The Landmarks Preservation Commission designated the Heckscher Building an individual landmark on May 14, 2024 (LP-02678). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

724 Fifth Avenue is in ZIP code 10019, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Heckscher Building is at 724 Fifth Avenue, New York, NY 10019, in Midtown.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.9 and a maximum commercial FAR of 15 for this lot.

The closest subway station to the Heckscher Building is 5 Av/59 St (the N, R and W trains), about 850 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 57 St (the M train), 4 min walk; 5 Av/53 St (the E and F trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

The Heckscher Building is a condominium of 3 tax lots. PRADA USA CORP. owns the units that make up 100% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1012727502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

The Heckscher Building reported an ENERGY STAR score of 30 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 30 earns a D. 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 108.3 kBtu per square foot, 27% above the national median of 85.4 for a similar property. Its greenhouse gas emissions were about 680 metric tons of CO2e (10.85 kg per square foot).

At its 2024 energy use, the Heckscher Building comes to about 492 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 475 tons for 2024 to 2029: about 17 tons over, an estimated penalty of $4,600 a year. From 2030 the limit drops to 158 tons and the same energy use counts as about 290 tons, about 132 tons over, or an estimated $35,000 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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at the Heckscher Building. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in June 2026 (construction, sprinklers, structural; filed cost estimate $300,000). A sidewalk shed permit here is active until November 10, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012727502. 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 $55.2 million for the Heckscher Building (the sum of its 3 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $5.99 million a year, roughly $109.89 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012727502 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Heckscher Building at $128.6 million ($36 million of it land) and its assessed value at $57.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($113.8 million) to 2026/27.

Owners registered one storefront at the Heckscher Building for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. A year earlier, 1 of 2 stood vacant. 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 724 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.