| Primary address | 589 5th Avenue |
| Secondary address | 2-4 E 48th St |
| Neighborhood | Central Midtown |
| Zip code | 10017 |
| Borough | Manhattan |
| Block & lot | 01283-0069 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $6,659,404 |
| Lot sqft | 11,325 |
| Lot dimensions | |
| Building class | Office with Commercial 7-19 Stories (O6)
|
| Building sqft | 156,319 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 17 |
| Year built | 1954 |
| Year last altered | 2013 |
| Construction type | Register |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.34 Miles |
| Closest fire station | 0.23 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 with Commercial 7-19 Stories (O6) located at 589 5th Avenue, New York, NY 10017 has a total of 156,319 square feet.
What is the year built & the current market value of 589 5th Avenue, New York, NY 10017?589 5th Avenue, New York, NY 10017 was built in 1954 and has a current tax assessor's market value of $139,222,200.
How many commercial spaces does this building have?This building has 2 commercial spaces available for lease. There are 11 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 | 04/29/2026 |
| Lot size | 0.26 Acre |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Lower Level | Office | Listing price not available | 8,019 | Robert Gibson Alexandra Sanoulis |
| 2nd Floor | Retail | Listing price not available | 10,495 | Robert Gibson Alexandra Sanoulis |
| 5th Floor | Office | Listing price not available | 11,457 | Robert Gibson Alexandra Sanoulis |
| 3rd Floor | Office | Listing price not available | 10,430 | Robert Gibson Alexandra Sanoulis |
| Ground Floor | Office | Listing price not available | 8,353 | Robert Gibson Alexandra Sanoulis |
| 4th Floor | Office | Listing price not available | 10,355 | Robert Gibson Alexandra Sanoulis |
| Listing type | For Lease |
|---|---|
| Listing date | 11/26/2025 |
| Last updated | 05/18/2026 |
A 17-story structure with approximately 161,364 rentable square feet, built in 1954.
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Suite 910 | General Office | Listing price not available | 3,717 | Harley Dalton Peter Kerans |
| Suite 810 | General Office | Listing price not available | 3,837 | Harley Dalton Peter Kerans |
| Suite 801 | General Office | Listing price not available | 810 | Harley Dalton Peter Kerans |
| Suite 1000 | General Office | Listing price not available | 3,251 | Harley Dalton Peter Kerans |
| Suite 1502 | General Office | Listing price not available | 2,102 | Harley Dalton Peter Kerans |
Create a free account to view the complete sales history for 589 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 589 5th Avenue, New York, NY 10017. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $6,024,953 |
| Estimated property tax: | $6,659,404 |
| Tax assessor's market value: | $139,222,200 |
| Assessed value: | $62,650,000 |
Here's the assessment & property tax history for 589 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 | $139,222,200 | $62,650,000 | $55,539,760 | 10.848% | $6,024,953 | $6,024,953 | +8.32% |
| 2024/25 | $140,817,000 | $63,367,650 | $51,684,410 | 10.762% | $5,562,276 | $5,562,276 | +10.29% |
| 2023/24 | $139,222,200 | $62,650,000 | $47,612,720 | 10.592% | $5,043,139 | $5,043,139 | +8.73% |
| 2022/23 | $123,142,000 | $55,413,900 | $43,567,290 | 10.646% | $4,638,174 | $4,638,174 | +28.28% |
| 2021/22 | $74,705,000 | $33,617,250 | $33,617,250 | 10.755% | $3,615,535 | $3,615,535 | -13.98% |
The complete history of permits filed for 589 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 | 6th Ave & 48th St at SE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | B-D-F-M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.204 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 5 Av/W 48 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | X7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.032 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 589 5th Avenue, New York, NY 10017.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 410 Madison Ave, New York | 58,395 | 06/17/2020 | $115,000,000 |
| 21 E 47th St, New York | 3,116 | 01/17/2001 | |
| 17 E 48th St, New York | 18,562 | 12/26/1986 | |
| 270 Park Ave, New York | 2,050,615 | 10/02/2020 | |
| 19 E 47th St, New York | 38,379 | 12/16/1977 | |
| 597 5th Ave, New York | 52,727 | 03/25/2026 | $54,000,000 |
| 587 5th Ave, New York | 33,922 | 12/06/2016 | $8,000,000 |
| 400 Madison Ave, New York | 146,191 | 10/24/2018 | $194,535,000 |
| 17 E 47th St, New York | 17,131 | 04/08/2025 | $7,900,000 |
| 3 E 48th St, New York | 14,701 | 03/24/2026 | $9,500,000 |
| 19 E 48th St, New York | 16,896 | 10/18/2000 | |
| 15 E 47th St, New York | 12,600 | 06/26/1975 | |
| 595 5th Ave, New York | 10,000 | 04/06/1973 | |
| 5 E 48th St, New York | 10,369 | 12/18/1986 | |
| 16 E 48th St, New York | 14,024 | 06/01/1998 | |
| 8 E 48th St, New York | 45,001 | ||
| 18 E 48th St, New York | 117,629 | 08/20/2003 | |
| 601 5th Ave, New York | 12,420 | 08/06/2015 | $137,041,875 |
| 12 E 49th St, New York | 656,428 | 11/01/2017 | $28,050,000 |
