New York City  »  10018  »  5th Ave  »  424 5th Ave

Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018 - Property report

Also known as: 1-11 W 38th St

Property image for Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018
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Property type

Office with Commercial 7-19 Stories (O6)

Year built

1920

Lot sq. ft.

51,271

Sale price

$978,090,439

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Lord & Taylor Department Store
Primary address
Lord & Taylor Department Store - 424 5th Avenue
Alternate address(es)
1-11 W 38th St
2-14 W 39th St
424-434 5th Ave
Show more
ZIP code
10018
Neighborhood
Garment District
Borough
Manhattan
Block & lot
00840-0042

Owner

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Building
Property type
Office with Commercial 7-19 Stories (O6)
Building sq. ft.
693,256
Building dimensions
134 ft x 258 ft
Buildings on lot
1
Stories
14
Year built
1920
Last altered
2019
Building material
Sales
Sale date
03/12/2020
Sale price
$978,090,439
Tax
Tax year
2026-2027
Property tax
$24,777,820
Tax class
Zoning & Use
Zoning
Commercial units
2
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
197.5 ft x 260 ft
Lot sq. ft.
51,271
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Current built area
693,184 sq. ft.
Buildable area

Area overview

Walk score
98 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
88 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.60 Miles
Closest fire station
0.22 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for Lord & Taylor Department Store - 424 5th Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018

Sale date Sale price Buyer name Seller name
03/12/2020 $978,090,439 XXXXXX. XXX XXXXXXXX XXX XXX XXXXX XXXXXX XXX
02/08/2019 $850,000,000 XXX XXXXX XXXXXX XXX XX XXX XXX
10/02/2006 $303,595,072 XX XXXXXX XXX XXXXXXXXX XXXXXX XXXXXXXX, XXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/07/2025 - R
08/18/2025 - D		 Declaration
(2025100700358001)		 XXXXXXX XXXXXXX
03/13/2020 - R
03/12/2020 - D		 Deed
(2020031201309007)		 XXX XXXXX XXXXXX XXX XXXXXXXXX XXXXXXXX XXX
03/13/2020 - R
03/12/2020 - D		 Termination of Agreement
(2020031201309006)		 XXXXXX XXXXX XXXXXX XXXXXX XXX XXX XXXXX XXXXXX XXX
03/13/2020 - R
03/12/2020 - D		 Termination of Lease or Memo
(2020031201309005)		 XXXXXX XXXXX XXXXXX XXXXXX XXX XXX XXXXX XXXXXX XXX
03/13/2020 - R
03/12/2020 - D		 Termination of Assign of L&R
(2020031201309004)		 XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXX XXXXXXXX XXXXXXXX XXXXXX X X X
03/13/2020 - R
03/12/2020 - D		 Termination of Agreement
(2020031201309003)		 XXX XXXXX XXXXXX XXXXXX XXXXXXXX XXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
03/13/2020 - R
03/12/2020 - D		 Sundry Agreement
(2020031201309002)		 XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXX XXXXX XXXXXX XXX
03/13/2020 - R
03/12/2020 - D		 Satisfaction of Mortgage
(2020031201309001)		 XX XXXXXX XXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/14/2020 - R
12/31/2019 - D		 Both RPTT and RETT
(2020011300768001)		 XXX XXX XXXXX XXXXXX XXXXXXX XXXXXXXX XXX XXX XXX XXXXX XXXXXX XXXXXXXX XXX
02/28/2019 - R UCC3 Termination
(2019021301087001)		 XX XXX XXX XXXXXXXX XXXXXXXX XXXX XX XXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Lord & Taylor Department Store - 424 5th Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$24,777,820
Municipal exemptions
Recent tax assessments
Market value
$509,288,000
Assessed value
$229,179,600

More about New York City Property Taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $508,569,000 $228,856,050 $228,173,850 10.848% $24,752,299 $24,752,299 +0.87%
2024/25 $506,674,000 $228,003,300 $228,003,300 10.762% $24,537,715 $24,537,715 +65.48%
2023/24 $311,097,000 $139,993,650 $139,993,650 10.592% $14,828,127 $14,828,127 +23.11%
2022/23 $251,964,400 $113,383,980 $113,137,593 10.646% $12,044,628 $12,044,628 +241.35%
2021/22 $74,658,000 $33,596,100 $32,808,570 10.755% $3,528,562 $3,528,562 +0.56%
2020/21 $81,222,000 $36,549,900 $32,812,222 10.694% $3,508,939 $3,508,939 -10.43%
2019/20 $91,594,600 $41,217,570 $37,180,422 10.537% $3,917,701 $3,917,701 +15.88%
2018/19 $82,381,000 $37,071,450 $32,155,489 10.514% $3,380,828 $3,380,828 +10.77%
2017/18 $77,440,000 $34,848,000 $29,028,037 10.514% $3,052,008 $3,052,008 +10.36%
2016/17 $72,240,000 $32,508,000 $26,153,961 10.574% $2,765,520 $2,765,520 +2.99%
Permits

Permit information for Lord & Taylor Department Store - 424 5th Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
06/11/2026 Alteration
06/11/2026 Alteration
03/25/2026 Alteration
03/25/2026 Alteration
02/05/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
02/22/2024 Bench-failure to benchmark none
12/01/2023 Egrade-failure to post energy grade/score none
11/02/2023 Bench-failure to benchmark none

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
6th Ave & 40th St at SE Corner
Station lines
B-D-F-M-7
Distance (miles)
0.163
View subway map

Access the detailed traffic volume map for Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for Lord & Taylor Department Store - 424 5th Avenue, New York, NY

16 W 39th St, New York 38 W 39th St, New York 40 W 39th St, New York 35 W 38th St, New York 29 W 38th St, New York 39 W 38th St, New York 20 W 39th St, New York 15 W 38th St, New York 45 W 38th St, New York 42 W 39th St, New York 21 W 38th St, New York 13 W 38th St, New York

Nearby ZIP codes for Lord & Taylor Department Store - 424 5th Avenue, New York, NY

10001, New York City, NY 10011, New York City, NY 10016, New York City, NY 10019, New York City, NY 10020, New York City, NY 10036, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018?

The development at Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018 was built in 1920.

What is the market value of Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018?

The current market value of Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018 is $509,288,000.

What is the total square footage of Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018?

Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018 has a total of 693,256 square feet.

What is the price per square foot for this property?

$1,410 per square foot is the price for Lord & Taylor Department Store - 424 5th Avenue, New York, NY 10018.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

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