Lipstick Building

The Lipstick Building has about 444,000 square feet of floor area in total, including 420,000 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 1986 as the year built, with a major alteration recorded in 2006. The building is 34 floors tall.

The Lipstick Building is at 885 Third Avenue in Midtown, Manhattan. City records list 201-207 East 53rd Street, 198-212 East 54th Street and 877-895 Third Avenue on the same tax lot (BBL 1013277504). A space listed on Leasemark at any of these addresses shows up on this page.

885 Third 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 Lipstick Building is at 885 Third Avenue, New York, NY 10022, in Midtown.

The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 17.01 and a maximum commercial FAR of 15 for this lot.

The closest subway station to the Lipstick Building is Lexington Av/53 St (the E, F and 6 trains, connected to 51 St), about 150 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 59 St (the 4, 5, 6, N, R and W trains, connected to Lexington Av/59 St), 7 min walk; 5 Av/53 St (the E and F trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.

The Lipstick Building is a condominium of 35 tax lots. S.K.I. REALTY, INC, one of 2 owners of record on the roll, owns the units that make up 66% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1013277504). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the Lipstick Building. One investment manager files 13F holdings reports from the address: Harraden Circle Investments, LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

The Lipstick Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 49.2 kBtu per square foot, about the same as the national median of 49.3 for a similar property. Its greenhouse gas emissions were about 2,802 metric tons of CO2e (4.99 kg per square foot).

At its 2024 energy use, the Lipstick Building comes to about 2,049 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 4,278 tons for 2024 to 2029 (48% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,526 tons and the same energy use counts as about 1,188 tons, still under the limit. 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 13 jobs at the Lipstick Building. In the last two years, interior work was permitted on 12 floors (floors 1, 4, 6, 8, 9, 12, 15, 23, 24, 26, 32 and 36, the cellar and the mezzanine). The newest build-out, on floors 4, 6, 8, 9, 12, 15 and 23, was first permitted in October 2026 (sprinklers; filed cost estimate $368,000). A sidewalk shed permit here is active until November 9, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1013277504. 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 $42.7 million for the Lipstick Building (the sum of its 35 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 $4.63 million a year, roughly $10.42 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013277504 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Lipstick Building at $289.7 million ($60 million of it land) and its assessed value at $130.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 3% from 2023/24 ($298.7 million) to 2026/27.

Owners registered 3 storefronts at the Lipstick Building for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 1 did. 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.

No space at 885 Third Avenue is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.