Retail building · Midtown, Manhattan
731 Fifth Avenue
New York, NY 10022
731 Fifth Avenue is a 10-floor retail building in Midtown, Manhattan, built in 1940, with about 90,000 square feet of retail space according to city records.
Also at 2 East 57th Street and 727-735 Fifth Avenue.
- Retail space
- 90K SF
- Floors
- 10
- Year built
- 1940
- Zoning
- C5-3
The 3rd largest of the 3 retail buildings we track in Midtown. Compare it with 6 neighbors
No space at 731 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 731 Fifth Avenue compares
Next to the 6 nearest large retail buildings, all within a 18 minute walk, 731 Fifth Avenue ranks 5th of 7 by retail floor area. It went up in 1940; the median neighbor dates from 1933. Its estimated property tax, about $101.13 a square foot of floor area before abatements, is above the neighbors' median of $47.98.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 731 Fifth Avenue | 90K SF | 10 | 1940 | $101.13 | Feb 2017, $132M |
| 742 Fifth Avenue | 212K SF | 9 | 1928 | $56.49 | n/a |
| 743 Lexington Avenue | 839K SF | 12 | 1868 | $12.96 | n/a |
| 325 East 60th Street | 86K SF | 5 | 1979 | $14.00 | n/a |
| 1514 Broadway | 114K SF | 4 | 1938 | $121.57 | n/a |
| 1475 Broadway | 141K SF | 22 | 1908 | $73.54 | n/a |
| 660 Eighth Avenue | 60K SF | 6 | 1998 | $39.48 | Oct 2015, $40M |
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 addresses
- 2 East 57th Street; 727-735 Fifth Avenue
- ZIP code
- 10022
- Building type
- Retail building (city class K4)
- Total floor area
- 107,086 SF
- Commercial floor area
- 107,086 SF
- Office
- 17,337 SF
- Retail
- 89,749 SF
- Height
- 10 floors
- Average floor
- About 10,700 SF (floor area divided by floors)
- Year built
- 1940
- Last major alteration
- 2020
- Lot area
- 10,677 SF
- Zoning district
- C5-3
- Built FAR
- 10.03
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012920069
Nearest subway
- 5 Av/59 St
- 5 Av/53 St
- 57 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 731 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Midtown
- 14.0%
- Share vacant along Fifth Avenue
- 12.6%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Midtown? Get matchedStorefront vacancy across New York City
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 TIFFANY AND COMPANY U.S. SALES, LLC as the owner of record. For tax year 2026/27 the city values 731 Fifth Avenue at $221.8 million and assesses it at $99.8 million. After phase-ins and exemptions its taxable value is $99.8 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 $10.8 million a year before abatements, roughly $101.13 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
- TIFFANY AND COMPANY U.S. SALES, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $221,844,400
- Land market value
- $33,700,000
- Assessed value
- $99,830,000
- Estimated yearly tax
- About $10.8 million
- Tax per SF of floor area
- About $101.13
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
731 Fifth Avenue last sold in February 2017 for $131.7 million, according to the deed recorded with the city. TIFFANY AND COMPANY sold it to TIFFANY AND COMPANY U.S. SALES, LLC.
- Last sale (deed date)
- February 1, 2017
- Price
- $131,667,000
- Seller
- TIFFANY AND COMPANY
- Buyer
- TIFFANY AND COMPANY U.S. SALES, LLC
- Deed recorded
- March 24, 2017
- ACRIS document
- 2017032400727001
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
731 Fifth Avenue reported an ENERGY STAR score of 1 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 223 kBtu per square foot, 2.8 times the national median of 80.4 for a similar property. Its greenhouse gas emissions were about 2,336 metric tons of CO2e (21.81 kg per square foot).
- ENERGY STAR score (2024)
- 1 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Retail Store
- Site energy use intensity
- 223 kBtu/SF
- National median for the type
- 80.4 kBtu/SF
- Greenhouse gas emissions
- 2,336 t CO2e
- Emissions per SF
- 21.81 kg CO2e
- Floor area in the filing
- 107,086 SF
ENERGY STAR score by year
Energy sources in 2024
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
Work permits and build-outs
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 731 Fifth Avenue. In the last two years, interior work was permitted on 6 floors (floors 1 and 5 to 9, the cellar and the sub-cellar). The newest build-out, on floors 7 to 9, was first permitted in March 2026 (construction; filed cost estimate $10,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 3
- Newest job first permitted
- March 2026
- Interior build-outs, last 24 months
- 5
- Floors with interior work, last 24 months
- 1 and 5 to 9, cellar, sub-cellar
- Facade and sidewalk jobs, last 24 months
- 1
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.
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Questions about 731 Fifth Avenue
How big is 731 Fifth Avenue?
731 Fifth Avenue has about 107,000 square feet of floor area in total, including 17,000 square feet of office and 90,000 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 731 Fifth Avenue built?
City records list 1940 as the year built, with a major alteration recorded in 2020. The building is 10 floors tall.
What other addresses does 731 Fifth Avenue have?
City records list 2 East 57th Street and 727-735 Fifth Avenue on the same tax lot (BBL 1012920069) as 731 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 731 Fifth Avenue?
731 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 731 Fifth Avenue, New York, NY 10022, in Midtown.
What is the zoning at 731 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.03 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 731 Fifth Avenue?
The closest subway station to 731 Fifth Avenue is 5 Av/59 St (the N, R and W trains), about 800 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 5 Av/53 St (the E and F trains), 4 min walk; 57 St (the M train), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 731 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists TIFFANY AND COMPANY U.S. SALES, LLC as the owner of record of 731 Fifth Avenue (BBL 1012920069). 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 731 Fifth Avenue last sold?
731 Fifth Avenue last sold in February 2017 for $131.7 million, according to the deed recorded with the city. TIFFANY AND COMPANY sold it to TIFFANY AND COMPANY U.S. SALES, LLC. The deed is ACRIS document 2017032400727001 (BBL 1012920069) 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.
What is the energy grade of 731 Fifth Avenue?
731 Fifth Avenue reported an ENERGY STAR score of 1 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 1 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 223 kBtu per square foot, 2.8 times the national median of 80.4 for a similar property. Its greenhouse gas emissions were about 2,336 metric tons of CO2e (21.81 kg per square foot).
Is there construction at 731 Fifth Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 731 Fifth Avenue. In the last two years, interior work was permitted on 6 floors (floors 1 and 5 to 9, the cellar and the sub-cellar). The newest build-out, on floors 7 to 9, was first permitted in March 2026 (construction; filed cost estimate $10,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012920069. 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 731 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $99.8 million for 731 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 $10.8 million a year, roughly $101.13 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012920069 show the actual bill.
What is the assessed value of 731 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 731 Fifth Avenue at $221.8 million ($33.7 million of it land) and its assessed value at $99.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 129% from 2022/23 ($96.9 million) to 2026/27.
Are there vacant storefronts at 731 Fifth Avenue?
Owners registered one storefront at 731 Fifth Avenue for December 31, 2024, the newest annual filing the city has published, and it was not 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.
Is there retail space for lease at 731 Fifth Avenue?
No space at 731 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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Midtown
Transit hubs in Midtown
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