| Building name | The Fred F. French Building |
| Primary address | The Fred F. French Building - 551 5th Avenue |
| Secondary address | 1-7 E 45th St |
| Neighborhood | Central Midtown |
| Zip code | 10176 |
| Borough | Manhattan |
| Block & lot | 01281-0001 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 12/23/2002 |
| Purchase price | $100,000,000 |
| Tax class | Register |
| Estimated property tax | $6,852,692 |
| Lot sqft | 18,950 |
| Lot dimensions | |
| Building class | Office Only with or without Commercial - 20 Stories or More (O4) |
| Building sqft | 427,158 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 38 |
| Year built | 1927 |
| Year last altered | 1990 |
| Construction type | Register |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.40 Miles |
| Closest fire station | 0.13 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
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 The Fred F. French Building - 551 5th Avenue, New York, NY 10176 has a total of 427,158 square feet.
What is the year built & the current market value of The Fred F. French Building - 551 5th Avenue, New York, NY 10176?The Fred F. French Building - 551 5th Avenue, New York, NY 10176 was built in 1927 and has a current tax assessor's market value of $136,854,000.
How many commercial spaces does this building have?This building has 74 commercial spaces available for lease. There are 29 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 |
|---|---|
| Last updated | 02/12/2026 |
| Lot size | 0.43 Acre |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 8th Floor | General Office | Listing price not available | 20,853 | Kevin Driscoll Henry Korzec |
| 10th Floor | General Office | Listing price not available | 20,955 | Kevin Driscoll Henry Korzec |
| #1100 | General Office | Listing price not available | 6,778 | Kevin Driscoll Henry Korzec |
| #1710 | General Office | Listing price not available | 4,334 | Kevin Driscoll Henry Korzec |
| #1720 | General Office | Listing price not available | 3,371 | Kevin Driscoll Henry Korzec |
| #419 | General Office | Listing price not available | 2,401 | Kevin Driscoll Henry Korzec |
| #620 | General Office | Listing price not available | 2,462 | Kevin Driscoll Henry Korzec |
| #1125 | General Office | Listing price not available | 3,207 | Kevin Driscoll Henry Korzec |
| #1220 | General Office | Listing price not available | 5,094 | Kevin Driscoll Henry Korzec |
| #1425 | General Office | Listing price not available | 3,236 | Kevin Driscoll Henry Korzec |
| #1923 | General Office | Listing price not available | 1,688 | Kevin Driscoll Henry Korzec |
| #2000 | General Office | Listing price not available | 4,222 | Kevin Driscoll Henry Korzec |
| #2030 | General Office | Listing price not available | 4,609 | Kevin Driscoll Henry Korzec |
| #2040 | General Office | Listing price not available | 2,389 | Kevin Driscoll Henry Korzec |
| Listing type | For Lease |
|---|---|
| Listing date | 05/17/2025 |
| Last updated | 05/13/2026 |
OFFICE INTENSIVE SUBLEASE
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Space Available | General Office | Listing price not available | 10,305 | Aidan Campbell Robert Kennedy |
| Listing type | For Lease |
|---|---|
| Listing date | 08/16/2022 |
| Last updated | 05/13/2026 |
New York City’s list of renowned art deco structures would be incomplete without the exquisite Fred F. French Building. Conveniently located at 551 Fifth Avenue at 45th Street this architectural paragon is steps from major businesses, upscale 5-star hotels, elegant restaurants, exclusive retail stores, public transportation, and Grand Central Terminal, and offers sweeping panoramic views of Midtown Manhattan.
The magnificent 38-story French building was designed in 1927 by the architectural firm of H. Douglas Ives and was the business headquarters for the famous real estate tycoon Fred Fillmore French who also built Manhattan’s famous Tudor City and Knickerbocker Village residential complexes.
An ornate blend of art deco, ancient Babylonian and European styles, the innovative skyscraper significantly contributes to Fifth Avenue’s international identity. Mastery in design and attention to detail is evident from the moment you enter 551 Fifth Avenue. Created with the finest materials and finishes, the lobby has been designated an interior landmark and features Roman travertine floors, St. Genevieve marble walls, cast bronze elevator doors and a collection of patterned glass chandeliers.
Equally classic is the building’s exterior which boasts a striking vertical facade of limestone and brick that rises dramatically from a three-story limestone base, and is adorned with orange brickwork, terracotta décor with black trim on the setbacks, themed rectangular patterns and decorated with significant bronze paneling and bronze framed storefronts.
The Fred F. French Building has recently been completely restored and upgraded with state-of-the-art equipment, mechanicals and elevator systems.
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Entire 8th Floor â Vacant | Office | Listing price not available | 20,853 | N/A |
| Entire 10th Floor â Vacant | Office | Listing price not available | 20,955 | N/A |
| Suite 1710 | Office | Listing price not available | 4,334 | N/A |
| Suite 1720 | Office | Listing price not available | 3,371 | N/A |
| Suite 1100 | Office | Listing price not available | 6,778 | N/A |
| Suite 419 | Office | Listing price not available | 2,401 | N/A |
| Suite 620 | Office | Listing price not available | 2,462 | N/A |
| Suite 1125 | Office | Listing price not available | 3,207 | N/A |
| Suite 1220 | Office | Listing price not available | 5,094 | N/A |
| Suite 1425 | Office | Listing price not available | 3,236 | N/A |
| Suite 1923 | Office | Listing price not available | 1,688 | N/A |
| Suite 2000 | Office | Listing price not available | 4,222 | N/A |
| Suite 2030 | Office | Listing price not available | 4,609 | N/A |
| Suite 2040 | Office | Listing price not available | 2,389 | N/A |
Create a free account to view the complete sales history for 551 5th Avenue, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 12/23/2002 | $100,000,000 | Register | Register |
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 The Fred F. French Building - The Fred F. French Building - 551 5th Avenue, New York, NY 10176. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $6,680,665 |
| Estimated property tax: | $6,852,692 |
| Tax assessor's market value: | $136,854,000 |
| Assessed value: | $61,584,300 |
Here's the assessment & property tax history for 551 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 | $136,854,000 | $61,584,300 | $61,584,300 | 10.848% | $6,680,665 | $6,680,665 | -6.60% |
| 2024/25 | $147,696,000 | $66,463,200 | $66,463,200 | 10.762% | $7,152,770 | $7,152,770 | +2.05% |
| 2023/24 | $147,053,000 | $66,173,850 | $66,173,850 | 10.592% | $7,009,134 | $7,009,134 | +0.36% |
| 2022/23 | $145,777,800 | $65,600,010 | $65,600,000 | 10.646% | $6,983,776 | $6,983,776 | -4.00% |
| 2021/22 | $156,224,000 | $70,300,800 | $67,643,670 | 10.755% | $7,275,077 | $7,275,077 | +1.50% |
The complete history of permits filed for 551 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 | Madison Ave & 42nd St at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | GS-4-5-6-7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.163 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 5 Av/W 45 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | X14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.036 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for The Fred F. French Building - The Fred F. French Building - 551 5th Avenue, New York, NY 10176.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 45 E 45th St, New York | 598,248 | 10/02/2020 | |
| 4 E 46th St, New York | 14,835 | 09/30/2013 | $16,812,000 |
| 16 E 46th St, New York | 31,512 | 12/10/2007 | $9,250,000 |
| 12 E 46th St, New York | 37,265 | 01/18/2006 | $13,500,000 |
| 10 E 46th St, New York | 11,738 | 07/28/1966 | |
| 200 Park Ave, New York | 2,768,775 | 11/01/2017 | $28,050,000 |
| 416 Lexington Ave, New York | 10/02/2020 | ||
| 555 5th Ave, New York | 206,378 | 10/21/2021 | |
| 390 Madison Ave, New York | 821,165 | 01/06/2006 | $15,792,259 |
| 89 E 42nd St, New York | 5,000 | 02/28/2020 | $33,072,265 |
| 9 E 45th St, New York | 18,933 | 06/19/2003 | $3,850,000 |
| 350 Madison Ave, New York | 380,776 | 11/01/2017 | $28,050,000 |
| 6 E 45th St, New York | 79,290 | 09/08/2023 | $26,835,000 |
| 366 Madison Ave, New York | 84,518 | 10/21/2025 | $50,000,000 |
| 109 E 42nd St, New York | 1,028,194 | 10/02/2020 | |
| 10 E 45th St, New York | 18,322 | 03/06/2013 | $261,500,000 |
| 20 E 46th St, New York | 87,016 | 04/22/1999 | |
| 41 Vanderbilt Ave, New York | 10/02/2020 | ||
| 545 5th Ave, New York | 180,349 | 05/22/2015 |
