Department store building · Midtown, Manhattan
742 Fifth Avenue
New York, NY 10019
742 Fifth Avenue is a 9-floor department store building in Midtown, Manhattan, built in 1928, with about 212,000 square feet of retail space according to city records.
Also at 742-754 Fifth Avenue, 1 West 57th Street and 2 West 58th Street.
- Retail space
- 212K SF
- Floors
- 9
- Year built
- 1928
- Zoning
- C5-3
The 2nd largest of the 6 retail buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 742 Fifth Avenue compares
Next to the 6 nearest large retail buildings, all within a 7 minute walk, 742 Fifth Avenue ranks 2nd of 7 by retail floor area. It went up in 1928; the median neighbor dates from 1920. Its estimated property tax, about $56.49 a square foot of floor area before abatements, is below the neighbors' median of $72.50.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 742 Fifth Avenue | 212K SF | 9 | 1928 | $56.49 | n/a |
| 731 Fifth Avenue | 90K SF | 10 | 1940 | $101.13 | Feb 2017, $132M |
| 15 East 57th Street | 36K SF | 16 | 1996 | $37.94 | Jun 2018, $81.5M |
| 706 Madison Avenue | 39K SF | 5 | 1921 | $75.36 | Nov 2012, $142M (2 lots) |
| Morton and Nellie Plant House and Edward and Frances Holbrook House, 649 Fifth Avenue | 41K SF | 6 | 1905 | $189.03 | n/a |
| 740 Madison Avenue | 36K SF | 6 | 1920 | $69.65 | Oct 2014, $16.9M |
| 743 Lexington Avenue | 839K SF | 12 | 1868 | $12.96 | 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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 742-754 Fifth Avenue; 1 West 57th Street; 2 West 58th Street
- ZIP code
- 10019
- Building type
- Department store building (city class K3)
- Total floor area
- 211,669 SF
- Commercial floor area
- 211,669 SF
- Retail
- 211,669 SF
- Height
- 9 floors
- Average floor
- About 23,500 SF (floor area divided by floors)
- Year built
- 1928
- Lot area
- 26,100 SF
- Zoning district
- C5-3
- Built FAR
- 8.11
- Max commercial FAR
- 15
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 1012730033
Nearest subway
- 5 Av/59 St
- 57 St
- 5 Av/53 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 2 storefronts at 742 Fifth Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 2
- Vacant that day
- 0
- Share vacant across Midtown
- 14.3%
- Share vacant along Fifth Avenue
- 14.0%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Midtown? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 754 FIFTH AVENUE ASSOC as the owner of record. For tax year 2026/27 the city values 742 Fifth Avenue at $262.1 million and assesses it at $117.9 million. After phase-ins and exemptions its taxable value is $110.2 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 $12 million a year before abatements, roughly $56.49 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
- 754 FIFTH AVENUE ASSOC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $262,091,000
- Land market value
- $31,000,000
- Assessed value
- $117,940,950
- Taxable value (phased in)
- $110,226,440
- Estimated yearly tax
- About $12 million
- Tax per SF of floor area
- About $56.49
City market value by tax year
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How to find who owns any NYC buildingSource: 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 2026-10-16; 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.
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NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 742 Fifth Avenue. In the last two years, interior work was permitted on 8 floors (floors 1 to 8, the cellar and the mezzanine). The newest build-out, on floor 4, was first permitted in August 2026 (mechanical; filed cost estimate $25,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 2
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 6
- Floors with interior work, last 24 months
- 1 to 8, cellar, mezzanine
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 2026-10-24 (permits issued through 2026-10-22). 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.
Landmarks Preservation Commission records
Architecture and history
The Landmarks Preservation Commission designated Bergdorf Goodman, on this tax lot, a New York City landmark on December 13, 2016.
- Landmark on this lot
- Bergdorf Goodman: individual landmark, designated December 13, 2016 (LP-00735)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
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Next door, in the Upper East Side
27 East 61st Street
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Questions about 742 Fifth Avenue
How big is 742 Fifth Avenue?
742 Fifth Avenue has about 212,000 square feet of floor area in total, including 212,000 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 742 Fifth Avenue built?
City records list 1928 as the year built. The building is 9 floors tall.
Is 742 Fifth Avenue a New York City landmark?
The tax lot at 742 Fifth Avenue includes Bergdorf Goodman, an individual landmark designated December 13, 2016 (LP-00735). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Landmarks Preservation Commission.
What other addresses does 742 Fifth Avenue have?
City records list 742-754 Fifth Avenue, 1 West 57th Street and 2 West 58th Street on the same tax lot (BBL 1012730033) as 742 Fifth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 742 Fifth Avenue?
742 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 full mailing address is 742 Fifth Avenue, New York, NY 10019, in Midtown.
What is the zoning at 742 Fifth Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.11 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 742 Fifth Avenue?
The closest subway station to 742 Fifth Avenue is 5 Av/59 St (the N, R and W trains), about 500 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 57 St (the M train), 4 min walk; 5 Av/53 St (the E and F trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 742 Fifth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 754 FIFTH AVENUE ASSOC as the owner of record of 742 Fifth Avenue (BBL 1012730033). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 742 Fifth Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 742 Fifth Avenue. In the last two years, interior work was permitted on 8 floors (floors 1 to 8, the cellar and the mezzanine). The newest build-out, on floor 4, was first permitted in August 2026 (mechanical; filed cost estimate $25,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012730033. 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 742 Fifth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $110.2 million for 742 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 $12 million a year, roughly $56.49 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012730033 show the actual bill.
What is the assessed value of 742 Fifth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 742 Fifth Avenue at $262.1 million ($31 million of it land) and its assessed value at $117.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($237.1 million) to 2026/27.
Are there vacant storefronts at 742 Fifth Avenue?
Owners registered 2 storefronts at 742 Fifth Avenue for December 31, 2025, 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.
Is there retail space for lease at 742 Fifth Avenue?
No space at 742 Fifth Avenue is listed on Leasemark right now. Nearby on Leasemark: retail space for lease at 27 East 61st Street in the Upper East Side (9,470 SF, $159/SF/yr). 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
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq