Office building with commercial space · Union Square, Manhattan

Knickerbocker Building

79 Fifth Avenue, New York, NY 10003

The Knickerbocker Building (79 Fifth Avenue) is a 16-floor office building with commercial space in Union Square, Manhattan, built in 1906, with about 256,000 square feet of office space according to city records.

Also at 2-6 East 16th Street and 79-83 Fifth Avenue.

Office space
256K SF
Floors
16
Year built
1906
Zoning
C6-4M

Office space next to its nearest neighbors

  1. Knickerbocker BuildingThis building256K SF
  2. Annin Building1 min walk95K SF
  3. 87 Fifth Avenue1 min walk51K SF
  4. Geraldine Building1 min walk37K SF

The 5th largest of the 53 office buildings we track in Union Square. Compare it with 6 neighbors

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Compared with its neighbors

How the Knickerbocker Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Knickerbocker Building is the largest by office floor area. It went up in 1906; the median neighbor dates from 1904. Its estimated property tax, about $26.27 a square foot of floor area before abatements, is above the neighbors' median of $15.85.

The Knickerbocker Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
Knickerbocker Building, 79 Fifth AvenueThis building256K SF161906$26.27
Annin Building, 85 Fifth Avenue1 min walk95K SF131901$14.04
Geraldine Building, 5 East 16th Street1 min walk37K SF121892$14.23
87 Fifth Avenue1 min walk51K SF111902$21.77
18 East 16th Street1 min walk38K SF71907$12.96
Stuyvesant Building, 100 Fifth Avenue1 min walk224K SF191907$23.19
Van Beuren Building, 71 Fifth Avenue1 min walk122K SF111907$17.47
The 5th largest of the 53 office buildings we track in Union Square: see the full list

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). 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

Building name
Knickerbocker Building
Other addresses
2-6 East 16th Street; 79-83 Fifth Avenue
ZIP code
10003
Building type
Office building with commercial space (city class O6)
Total floor area
272,566 SF
Commercial floor area
272,566 SF
Office
256,266 SF
Retail
16,300 SF
Height
16 floors
Average floor
About 17,000 SF (floor area divided by floors)
Year built
1906
Last major alteration
1979
Lot area
16,825 SF
Zoning district
C6-4M
Built FAR
16.2
Max commercial FAR
10
Historic district
Ladies' Mile Historic District
Tax lot (BBL)
1008430045

Nearest subway

  • 14 St-Union Sq3 min walk · Accessible station
  • 14 St4 min walk · Accessible station · connects to 6 Av
  • 23 St7 min walk · Not accessible

Nearby large buildings

All 115 large office buildings on Fifth Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 3 storefronts at the Knickerbocker Building for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day.

Storefronts registered for December 31, 2025
3
Vacant that day
1
Share vacant across Union Square
11.7%
Share vacant along Fifth Avenue
14.0%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20190 of 3
  • 20200 of 3
  • 20210 of 3
  • 20220 of 3
  • 20230 of 3
  • 20241 of 3
  • 20251 of 3

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 79 Fifth Avenue? Listing it is free, and it is matched against every active requirement for retail space in Union Square the day it goes up.

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 SAK 79 FIFTH LLC as the owner of record. For tax year 2026/27 the city values the Knickerbocker Building at $149 million and assesses it at $67 million. After phase-ins and exemptions its taxable value is $66 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 $7.16 million a year before abatements, roughly $26.27 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
SAK 79 FIFTH LLC
Tax class
Class 4 (commercial and industrial)
City market value
$148,988,900
Land market value
$30,000,000
Assessed value
$67,045,000
Taxable value (phased in)
$66,013,900
Estimated yearly tax
About $7.16 million
Tax per SF of floor area
About $26.27

City market value by tax year

  • 2022/23$131.6 million
  • 2023/24$148.8 million
  • 2024/25$149 million
  • 2025/26$155 million
  • 2026/27$149 million

Market value rose 13% from 2022/23 ($131.6 million) to 2026/27.

How Union Square compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

The Knickerbocker Building reported an ENERGY STAR score of 70 out of 100 for 2023 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 74.2 kBtu per square foot, 25% below the national median of 99.3 for a similar property. Its greenhouse gas emissions were about 1,767 metric tons of CO2e (6.5 kg per square foot).

ENERGY STAR score (2023)
70 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
74.2 kBtu/SF
National median for the type
99.3 kBtu/SF
Greenhouse gas emissions
1,767 t CO2e
Emissions per SF
6.5 kg CO2e
Floor area in the filing
272,680 SF

ENERGY STAR score by year

  • 202269 (C)
  • 202370 (B)

Energy sources in 2023

  • Electricity61%
  • Natural gas39%

Share of the energy used on site, as filed.

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 (2023 filing), pulled 2026-10-16; 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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2023 energy use, the Knickerbocker Building comes to about 1,468 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,067 tons for 2024 to 2029 (71% of the limit), so it would owe no penalty. From 2030 the limit drops to 734 tons and the same energy use counts as about 943 tons, about 209 tons over, or an estimated $56,000 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
2,067 t CO2e
Estimated emissions
1,468 t CO2e
Under the limit by
599 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
734 t CO2e
Estimated emissions
943 t CO2e
Over the limit by
209 t CO2e
Estimated penalty a year
$56,000

Estimated from the owner's 2023 Local Law 84 filing, which reports energy by source and floor area by use: Office 272,680 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 79 Fifth Avenue? List a space here free and we match it against every active requirement.

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 5 jobs at the Knickerbocker Building. In the last two years, interior work was permitted on 5 floors (floors 1, 3 and 12 to 14, the cellar, the mezzanine and the sub-cellar). The newest build-out, on the sub-cellar, was first permitted in August 2026 (plumbing, boiler; filed cost estimate $170,000). A sidewalk shed permit here is active until November 3, 2026.

New jobs, last 12 months
5
Initial permits, last 12 months
9
Newest job first permitted
August 2026
Interior build-outs, last 24 months
7
Floors with interior work, last 24 months
1, 3 and 12 to 14, cellar, mezzanine, sub-cellar
Facade and sidewalk jobs, last 24 months
2
Sidewalk shed permit
Active until Nov 3, 2026

Recent build-outs

  • Sub-cellarAugust 2026Plumbing, Boiler; est. $170,000
  • Floor 12January 2026Construction; est. $40,000; signed off
  • Floors 1 and 3, cellar, mezzanineDecember 2025Construction, Mechanical, Plumbing; est. $425,000
  • Floors 13 and 14August 2025Mechanical, Plumbing, Sprinklers, Standpipe, Structural; 4 jobs; est. $1 million
  • Floor 1, cellarAugust 2025Construction, Plumbing, Sprinklers, Structural; 3 jobs; est. $293,000
  • Floor 1, cellar, mezzanineJanuary 2025Plumbing, Sprinklers, Structural; 2 jobs; est. $208,000; signed off

The newest 6 of 7 in the last 24 months.

New jobs by year

  • 20213
  • 20225
  • 20234
  • 20249
  • 202513
  • 2026 to date2

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 Knickerbocker Building was designed by Albert S. Gottlieb and built in 1904-1906 in the Beaux-Arts style. It stands in the Ladies' Mile Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
Albert S. Gottlieb
Constructed
1904-1906
Style
Beaux-Arts
Primary material
Limestone
Built as
Store and lofts

Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database 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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Questions about Knickerbocker Building

How big is the Knickerbocker Building?

The Knickerbocker Building has about 273,000 square feet of floor area in total, including 256,000 square feet of office and 16,000 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 the Knickerbocker Building built?

The Landmarks Preservation Commission's building records date the Knickerbocker Building to 1904-1906, designed by Albert S. Gottlieb. The building is 16 floors tall.

Who designed the Knickerbocker Building?

Albert S. Gottlieb, according to the Landmarks Preservation Commission's building records, which list the style as Beaux-Arts and its original use as store and lofts.

What is the address of the Knickerbocker Building?

The Knickerbocker Building is at 79 Fifth Avenue in Union Square, Manhattan. City records list 2-6 East 16th Street and 79-83 Fifth Avenue on the same tax lot (BBL 1008430045). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 79 Fifth Avenue?

79 Fifth Avenue is in ZIP code 10003, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Knickerbocker Building is at 79 Fifth Avenue, New York, NY 10003, in Union Square.

What is the zoning at the Knickerbocker Building?

The lot is in the C6-4M zoning district. PLUTO lists a built floor area ratio (FAR) of 16.2 and a maximum commercial FAR of 10 for this lot. It is inside the Ladies' Mile Historic District, so exterior changes go through the Landmarks Preservation Commission.

What subway station is closest to the Knickerbocker Building?

The closest subway station to the Knickerbocker Building is 14 St-Union Sq (the 4, 5, 6, L, N, Q, R and W trains), about 700 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 14 St (the 1, 2, 3, F, M and L trains, connected to 6 Av), 4 min walk; 23 St (the R and W trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Knickerbocker Building?

The NYC Department of Finance's 2026/27 assessment roll lists SAK 79 FIFTH LLC as the owner of record of the Knickerbocker Building (BBL 1008430045). 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.

What is the energy grade of the Knickerbocker Building?

The Knickerbocker Building reported an ENERGY STAR score of 70 for calendar year 2023 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 70 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 74.2 kBtu per square foot, 25% below the national median of 99.3 for a similar property. Its greenhouse gas emissions were about 1,767 metric tons of CO2e (6.5 kg per square foot).

Does the Knickerbocker Building meet Local Law 97?

At its 2023 energy use, the Knickerbocker Building comes to about 1,468 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 2,067 tons for 2024 to 2029 (71% of the limit), so it would owe no penalty. From 2030 the limit drops to 734 tons and the same energy use counts as about 943 tons, about 209 tons over, or an estimated $56,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2023 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.

Is there construction at the Knickerbocker Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at the Knickerbocker Building. In the last two years, interior work was permitted on 5 floors (floors 1, 3 and 12 to 14, the cellar, the mezzanine and the sub-cellar). The newest build-out, on the sub-cellar, was first permitted in August 2026 (plumbing, boiler; filed cost estimate $170,000). A sidewalk shed permit here is active until November 3, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1008430045. 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 the Knickerbocker Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $66 million for the Knickerbocker Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $7.16 million a year, roughly $26.27 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008430045 show the actual bill.

What is the assessed value of the Knickerbocker Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Knickerbocker Building at $149 million ($30 million of it land) and its assessed value at $67 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($131.6 million) to 2026/27.

Are there vacant storefronts at the Knickerbocker Building?

Owners registered 3 storefronts at the Knickerbocker Building for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at the Knickerbocker Building?

No space at 79 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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