New York City  »  10036  »  5th Ave  »  580 5th Ave

The World Diamond Tower - 580 5th Avenue, New York, NY 10036 - Property report

Also known as: 1-11 W 47th St

Property image for The World Diamond Tower - 580 5th Avenue, New York, NY 10036
static Mapbox map

Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1927

Lot sq. ft.

25,104

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
The World Diamond Tower
Primary address
The World Diamond Tower - 580 5th Avenue
Alternate address(es)
1-11 W 47th St
580-586 5th Ave
ZIP code
10036
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01263-0034

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
373,005
Building dimensions
100 ft x 250 ft
Buildings on lot
1
Stories
32
Year built
1927
Last altered
2014
Tax
Tax year
2026-2027
Property tax
$8,300,934
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Commercial units
2
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100.42 ft x 250 ft
Lot sq. ft.
25,104

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
91 /100.  Biker's Paradise
School district
2
Community district
5
Closest police station
0.39 Miles
Closest fire station
0.18 Miles

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

Ownership

Ownership information for The World Diamond Tower - 580 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 The World Diamond Tower - 580 5th Avenue, New York, NY 10036

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/14/2026 - R UCC3 Continuation
(2026041300999001)		 XXXXX XXXXXXX XXXXX XX XXX XXXXXXXXX XXXX XXXXXXXXX XX
03/09/2021 - R UCC3 Continuation
(2021030900824001)		 XXXXX XXXXXXX XXXXX XXXXXXX XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
07/20/2016 - R Initial UCC1
(2016072000184006)		 XXXXX XXXXXXX XXXXX XXXXXXX XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
07/20/2016 - R UCC3 Termination
(2016072000184001)		 XXXXXX XXXXXXX XXXXX XXXXXXX XXX XXX XXXXXXXXXX XXXXXXXXX XXXXXXX XX XXXXXXX
07/20/2016 - R
07/14/2016 - D		 Agreement
(2016072000184007)		 XXXXXXXXX XXXX XXXXXXXXX XXXXXXX XXXXXXX XXX XXX
07/20/2016 - R
07/14/2016 - D		 Agreement
(2016072000184005)		 XXXXX XXXXXXX XXXXX XXXXXXX XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
07/20/2016 - R
07/14/2016 - D		 Mortgage
(2016072000184004)		 XXXXX XXXXXXX XXXXX XXXXXXX XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
07/20/2016 - R
07/14/2016 - D		 Assignment, Mortgage
(2016072000184003)		 XXX XXXXXXXXXX XXXXXXXXX XXXXXXX XX XXXXXXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
07/20/2016 - R
07/14/2016 - D		 Termination of Assign of L&R
(2016072000184002)		 XXX XXXXXXXXXX XXXXXXXXX XXXXXXX XX XXXXXXX XXXXXX XXXXXXX XXXXX XXXXXXX XXX
03/16/2015 - R
02/28/2015 - D		 Both RPTT and RETT
(2015030900437001)		 XXXXXXXX XXX XXXXX XXXXXXX XXXXX XXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for The World Diamond Tower - 580 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
$8,300,934
Municipal exemptions
Recent tax assessments
Market value
$182,057,000
Assessed value
$81,925,650

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 $176,806,000 $79,562,700 $72,616,570 10.848% $7,877,446 $7,877,446 -0.48%
2024/25 $177,777,800 $80,000,000 $73,552,841 10.762% $7,915,757 $7,915,757 +0.86%
2023/24 $166,377,000 $74,869,650 $74,095,165 10.592% $7,848,160 $7,848,160 +11.28%
2022/23 $147,209,000 $66,244,050 $66,244,050 10.646% $7,052,342 $7,052,342 +5.07%
2021/22 $138,681,000 $62,406,450 $62,406,450 10.755% $6,711,814 $6,711,814 -11.42%
2020/21 $187,209,000 $84,244,050 $70,852,852 10.694% $7,577,004 $7,577,004 +9.26%
2019/20 $187,257,000 $84,265,650 $65,815,958 10.537% $6,935,027 $6,935,027 +8.79%
2018/19 $138,354,000 $62,259,300 $60,632,828 10.514% $6,374,936 $6,374,936 +2.66%
2017/18 $132,233,000 $59,504,850 $59,062,500 10.514% $6,256,340 $6,209,831 -0.08%
2016/17 $141,751,000 $63,787,950 $58,774,579 10.574% $6,308,372 $6,214,824 +3.01%
Permits

Permit information for The World Diamond Tower - 580 5th Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/31/2026 Alteration
08/21/2026 Alteration
08/17/2026 Alteration
07/20/2026 Alteration
07/07/2026 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
03/06/2026 C-construction other optional
12/01/2023 Egrade-failure to post energy grade/score none
12/01/2022 Egrade-failure to post energy grade/score 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 & 47th St at NE Corner
Station lines
B-D-F-M
Distance (miles)
0.148
View subway map

Access the detailed traffic volume map for The World Diamond Tower - 580 5th Avenue, New York, NY 10036 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 The World Diamond Tower - 580 5th Avenue, New York, NY

24 W 45th St, New York 337 W 88th St, New York 30 Rockefeller Plz, New York 6 E 46th St, New York 11 W 42nd St, New York 301 W 89th St, New York 31 W 52nd St, New York 325 W 88th St, New York 1 Grand Army Plz, New York 401 W 79th St, New York 1 W 53rd St, New York 61 W 56th St, New York 511 5th Ave, New York 327 W 88th St, New York 42 W 58th St, New York 500 5th Ave, New York 605 W End Ave, New York 650 5th Ave, New York 57 W 56th St, New York 171 Riverside Dr, New York

Nearby ZIP codes for The World Diamond Tower - 580 5th Avenue, New York, NY

10001, New York City, NY 10018, New York City, NY 10019, New York City, NY 10020, 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 10171, New York City, NY 10172, 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 The World Diamond Tower - 580 5th Avenue, New York, NY 10036?

The development at The World Diamond Tower - 580 5th Avenue, New York, NY 10036 was built in 1927.

What is the market value of The World Diamond Tower - 580 5th Avenue, New York, NY 10036?

The current market value of The World Diamond Tower - 580 5th Avenue, New York, NY 10036 is $182,057,000.

What is the total square footage of The World Diamond Tower - 580 5th Avenue, New York, NY 10036?

The World Diamond Tower - 580 5th Avenue, New York, NY 10036 has a total of 373,005 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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