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597-599 Fifth Avenue

597-599 Fifth Avenue is a property in Manhattan (BBL 1-1284-2), classified as commercial & office, built in 1913, owned by 597 FIFTH OWNER LLC. Crezly estimates about $35.1M in outstanding mortgage debt secured against it. The building has about 52,727 square feet across 10 units. It last recorded a sale of $54M on 2026-04-06.

$54MLast recorded sale
$35.1MEst. outstanding debt
52,727Building sqft
10Units

Building facts

Land useCommercial & office
Building classO6
Zoning districtC5-3
Year built1913 (altered 1989)
Floors12
Total units10
Building area52,727 sqft
Lot area5,341 sqft
Built FAR9.87 of 15.00 max
Assessed value$20.59M

This lot appears to carry roughly 27,399 sqft of unused development rights (the gap between its built and maximum FAR). What is FAR?

Ownership

The recorded owner is 597 FIFTH OWNER LLC. Crezly estimates about $35.1M in outstanding mortgage debt secured against this property.

Location

This building is in Midtown, Manhattan. See the neighborhood's recent sales, median prices and top owners.

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Compiled by Crezly from New York City public records (ACRIS deeds & mortgages, PLUTO tax-lot data). Estimated debt is derived from recorded mortgages and may not reflect paydowns or the most recent transactions. Not legal, financial or investment advice.