| Primary address | 261 5th Avenue |
| Secondary address | 2-6 E 29th St |
| Neighborhood | NoMad |
| Zip code | 10016 |
| Borough | Manhattan |
| Block & lot | 00858-0078 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 07/28/2005 |
| Purchase price | $180,000,000 |
| Tax class | Register |
| Estimated property tax | $5,680,698 |
| Lot sqft | 15,849 |
| Lot dimensions | |
| Building class | Office Only with or without Commercial - 20 Stories or More (O4)
|
| Building sqft | 444,716 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 25 |
| Year built | 1928 |
| Year last altered | 2003 |
| Construction type | Register |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.63 Miles |
| Closest fire station | 0.32 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
This Office Only with or without Commercial - 20 Stories or More (O4) located at 261 5th Avenue, New York, NY 10016 has a total of 444,716 square feet and a current price per square foot of $404.
What is the year built & the current market value of 261 5th Avenue, New York, NY 10016?261 5th Avenue, New York, NY 10016 was built in 1928 and has a current tax assessor's market value of $119,124,000.
How many commercial spaces does this building have?This building has 65 commercial spaces available for lease. There are 12 active listings at this address.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
| Listing type | For Lease |
|---|---|
| Listing date | 10/12/2022 |
| Last updated | 05/12/2026 |
A one-of-a-kind jewel located in the heart of Manhattan, 261 Fifth Avenue is the perfect combination of classic architecture and contemporary amenities, making it an extraordinary choice for an office environment. Once a source for the City’s vibrant textiles industry, 261 Fifth Avenue is the quintessential space in a storied environment.
Located on the corner of East 29th Street between the Flatiron and Garment Districts, the 23-story office building is situated in a lower Fifth Avenue neighborhood that has been transformed into a thriving environment with many exclusive residential, retail and restaurant developments. Historic Madison Square Park is located just three short blocks away. The Park is an oasis for those who live and work in the nearby area.
Built is 1928, 261 Fifth Avenue evokes the timeless architecture of the Art Deco era, complete with an ornate and impressive lobby with a gold-leaf ceiling and mosaic detail and unique chandeliers. The building is situated Madison Square North, an area designated by The Landmarks Preservation Committee as a historic district. Few neighborhoods can boast that designation within New York City making 261 Fifth Avenue a true Landmark Building.
Recently renovated, the building features oversized windows that give tenants a significant amount of daylight, unprecedented in today’s office building structures. New elevators and common corridors were W 3 also updated and modernized.
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 4th Fl, Ste 410 | Office | Listing price not available | 6,015 | Randall Briskin Timothy D. Parlante Kyle Young |
| 7th Fl, Ste 710 | Office | Listing price not available | 5,734 | Randall Briskin Timothy D. Parlante Kyle Young |
| 8th Fl, Ste 801 | Office | Listing price not available | 7,091 | Randall Briskin Timothy D. Parlante Kyle Young |
| 11th Fl, Ste 1108 | Office | Listing price not available | 2,759 | Randall Briskin Timothy D. Parlante Kyle Young |
| 11th Fl, Ste 1109 | Office | Listing price not available | 6,923 | Randall Briskin Timothy D. Parlante Kyle Young |
| 16th Fl, Ste 1600 | Office | Listing price not available | 2,439 | Randall Briskin Timothy D. Parlante Kyle Young |
| 19th Fl, Ste 1908 | Office | Listing price not available | 3,462 | Randall Briskin Timothy D. Parlante Kyle Young |
| 17th Fl, Ste 1709 | Office | Listing price not available | 1,361 | Randall Briskin Timothy D. Parlante Kyle Young |
| 5th Floor | Office | Listing price not available | 8,359 | Randall Briskin Timothy D. Parlante Kyle Young |
| 9th Floor | Office | Listing price not available | 8,207 | Randall Briskin Timothy D. Parlante Kyle Young |
| 20th Floor | Office | Listing price not available | 17,098 | Randall Briskin Timothy D. Parlante Kyle Young |
| 21st Floor | Office | Listing price not available | 12,236 | Randall Briskin Timothy D. Parlante Kyle Young |
Create a free account to view the complete sales history for 261 5th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 261 5th Avenue, New York, NY 10016. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $5,416,116 |
| Estimated property tax: | $5,680,698 |
| Tax assessor's market value: | $119,124,000 |
| Assessed value: | $53,605,800 |
Here's the assessment & property tax history for 261 5th Avenue, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $119,124,000 | $53,605,800 | $49,927,320 | 10.848% | $5,416,116 | $5,416,116 | +0.35% |
| 2024/25 | $117,767,000 | $52,995,150 | $50,148,450 | 10.762% | $5,396,976 | $5,396,976 | +1.81% |
| 2023/24 | $115,484,000 | $51,967,800 | $50,049,420 | 10.592% | $5,301,235 | $5,301,235 | +1.66% |
| 2022/23 | $108,853,000 | $48,983,850 | $48,983,850 | 10.646% | $5,214,821 | $5,214,821 | +15.22% |
| 2021/22 | $93,520,000 | $42,084,000 | $42,084,000 | 10.755% | $4,526,134 | $4,526,134 | -16.23% |
The complete history of permits filed for 261 5th Avenue, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | Broadway & 28th St at SE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | N-R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 5 Av/W 29 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 261 5th Avenue, New York, NY 10016.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 267 5th Ave, New York | 55,395 | 06/26/2019 | |
| 37 E 28th St, New York | 34,000 | 11/18/2020 | |
| 271 5th Ave, New York | 7,280 | 07/10/1998 | |
| 273 5th Ave, New York | 6,128 | 11/05/2025 | $9,200,000 |
| 1 E 29th St, New York | 5,710 | ||
| 95 Madison Ave, New York | 146,161 | 06/05/2024 | $65,000,000 |
| 38 E 29th St, New York | 62,100 | 08/01/2004 | |
| 102 Madison Ave, New York | 108,290 | 12/03/2018 | $2,225,173 |
| 99 Madison Ave, New York | 120,000 | ||
| 35 E 29th St, New York | 5,670 | 08/01/2003 | $2,500,000 |
| 28 E 29th St, New York | 11,725 | 04/19/2002 | |
| 420 Park Ave S, New York | 213,567 | 12/14/2017 | $115,053,791 |
| 37 E 29th St, New York | 7,655 | 08/18/1997 | |
| 45 E 28th St, New York | 7,150 | 03/21/2017 | $6,050,000 |
| 41 E 28th St, New York | 26,615 | 02/26/1980 | |
| 3 E 29th St, New York | 6,750 | 06/28/2005 | |
| 29 E 29th St, New York | 142,851 | 11/10/2015 | $157,750,000 |
