Commercial condominium · Murray Hill, Manhattan

1 Park Avenue

New York, NY 10016

1 Park Avenue is an 18-floor commercial condominium in Murray Hill, Manhattan, built in 1926, with about 38,000 square feet of office space according to city records.

Also at 101-117 East 32nd Street and 100-134 East 33rd Street.

Office space: 38K SF
Floors: 18
Year built: 1926
Zoning: C5-3

Office space next to its nearest neighbors

3 Park Avenue1 min walk592K SF
471 Park Avenue South1 min walk399K SF
1 Park AvenueThis building38K SF

The 27th largest of the 27 office buildings we track in Murray Hill. Compare it with 6 neighbors

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Compared with its neighbors

How 1 Park Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 1 Park Avenue is the smallest by office floor area. It went up in 1926; the median neighbor dates from 1931. Its estimated property tax, about $5.41 a square foot of floor area before abatements, is below the neighbors' median of $12.23.

1 Park Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
Building	Office space	Floors	Built	Tax / SF	Last sale
1 Park AvenueThis building	38K SF	18	1926	$5.41	n/a
471 Park Avenue South1 min walk	399K SF	34	1970	$11.59	n/a
3 Park Avenue1 min walk	592K SF	42	1977	$6.89	n/a
192 Lexington Avenue1 min walk	108K SF	16	1926	$12.88	Sep 2018, $89M
461 Park Avenue South1 min walk	50K SF	12	1935	$10.41	n/a
2 Park Avenue1 min walk	797K SF	25	1928	$14.48	Dec 2024, $357M
462 Park Avenue South1 min walk	195K SF	17	1925	$17.56	Dec 2024, $148M

The 27th largest of the 27 office buildings we track in Murray Hill: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses: 101-117 East 32nd Street; 100-134 East 33rd Street
ZIP code: 10016
Building type: Commercial condominium (city class RC)
Total floor area: 686,833 SF
Commercial floor area: 686,833 SF
Office: 37,731 SF
Height: 18 floors
Year built: 1926
Last major alteration: 1989
Lot area: 45,425 SF
Zoning district: C5-3
Built FAR: 15.12
Max commercial FAR: 15
Tax lot (BBL): 1008887503

Nearest subway

33 St1 min walk · Not accessible
28 St5 min walk · Partly accessible
28 St8 min walk · Not accessible

Nearby large buildings

200 Lexington Avenue470K SF retail · 16 floors · 1 min walk
44 East 32nd Street74K SF office · 12 floors · 2 min walk
215 Lexington Avenue113K SF office · 21 floors · 2 min walk
205 Lexington Avenue117K SF office · 18 floors · 2 min walk
38 East 32nd Street74K SF office · 12 floors · 2 min walk
30 East 33rd Street85K SF office · 12 floors · 2 min walk
31 East 32nd Street49K SF office · 12 floors · 2 min walk
33 East 33rd Street115K SF office · 12 floors · 2 min walk

All 36 large office buildings on Park Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC storefront registry (Local Law 157)

Storefronts and vacancy

Storefronts registered for December 31, 2024: 6
Vacant that day: 2
Share vacant here: 33.3%
Share vacant across Murray Hill: 15.1%
Share vacant along Park Avenue: 12.1%
Share vacant citywide: 8.7%
Condominium tax lots that filed: 1

Vacant on December 31, by year

20190 of 6
20201 of 6
20212 of 6
20222 of 6
20232 of 6
20242 of 6

Bars show the share of the lot's registered storefronts that stood vacant.

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Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-08. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lot that filed, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.

NYC Department of Finance records

Owner, property tax and assessed value

1 Park Avenue is a condominium of 19 tax lots. VNO ONE PARK LLC, one of 2 owners of record on the roll, owns the units that make up 94% of its market value. For tax year 2026/27 the city values 1 Park Avenue at $328.3 million and assesses it at $147.7 million. After phase-ins and exemptions its taxable value is $34.3 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $3.72 million a year before abatements, roughly $5.41 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Largest unit owner: VNO ONE PARK LLC (94% of market value)
Tax class: Class 4 (commercial and industrial)
City market value: $328,288,674
Land market value: $105,000,000
Assessed value: $147,729,905
Taxable value (phased in): $143,340,024
Exemptions: $109,075,354
Estimated yearly tax: About $3.72 million
Tax per SF of floor area: About $5.41
Condominium tax lots: 19
Owners of record: 2

How Murray Hill compares: property tax per SF across NYC neighborhoods Estimate this tax bill, or a tenant's share of it

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 19 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-08; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

Own or manage 1 Park Avenue? List a space here free and we match it against every active requirement.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

1 Park Avenue reported an ENERGY STAR score of 90 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 66 kBtu per square foot, 39% below the national median of 108.5 for a similar property. Its greenhouse gas emissions were about 5,574 metric tons of CO2e (6.89 kg per square foot).

ENERGY STAR score (2024): 90 of 100
Grade this score earns (Local Law 33): A (85 or higher)
Property type (Portfolio Manager): Medical Office
Site energy use intensity: 66 kBtu/SF
National median for the type: 108.5 kBtu/SF
Greenhouse gas emissions: 5,574 t CO2e
Emissions per SF: 6.89 kg CO2e
Floor area in the filing: 809,483 SF
ENERGY STAR certified: 2009, 2010, 2011, 2016, 2017, 2018, 2024, 2025

ENERGY STAR score by year

202259 (C)
202380 (B)
202490 (A)

Energy sources in 2024

Electricity76%
Fuel oil19%
Natural gas3%
District steam2%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

Period: 2024 to 2029
Emissions limit: 8,066 t CO2e
Estimated emissions: 4,321 t CO2e
Under the limit by: 3,746 t CO2e
Estimated penalty a year: None

Period: 2030 to 2034
Emissions limit: 2,372 t CO2e
Estimated emissions: 2,609 t CO2e
Over the limit by: 237 t CO2e
Estimated penalty a year: $64,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 174,897 SF; Medical Office 570,448 SF; Bank Branch 22,797 SF; Retail Store 8,356 SF; Fitness Center/Health Club/Gym 32,985 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

Own or manage 1 Park Avenue? List a space here free and we match it against every active requirement.

NYC Department of Buildings permits

Work permits and build-outs

New jobs, last 12 months: 8
Initial permits, last 12 months: 16
Newest job first permitted: September 2026
Interior build-outs, last 24 months: 9
Floors with interior work, last 24 months: 1, 2, 18 and 19, cellar
Facade and sidewalk jobs, last 24 months: 1

Recent build-outs

Floor 1September 2026Construction, Mechanical, Plumbing, Sprinklers; est. $326,000
Floors 1 and 2September 2026Construction, Mechanical, Plumbing, Sprinklers; est. $84,000
Floor 1April 2026Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $333,000
CellarDecember 2025Boiler; est. $90,000; signed off
CellarJune 2025Construction, Sprinklers; 2 jobs; est. $158,000; signed off
Floors 18 and 19, roofJune 2025Construction; est. $644,000

The newest 6 of 9 in the last 24 months.

New jobs by year

202112
202214
202315
20247
20259
2026 to date7

Build-outs across Murray Hill Where NYC offices are being built out

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about 1 Park Avenue

How big is 1 Park Avenue?

1 Park Avenue has about 687,000 square feet of floor area in total, including 38,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 1 Park Avenue built?

City records list 1926 as the year built, with a major alteration recorded in 1989. The building is 18 floors tall.

What other addresses does 1 Park Avenue have?

City records list 101-117 East 32nd Street and 100-134 East 33rd Street on the same tax lot (BBL 1008887503) as 1 Park Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 1 Park Avenue?

1 Park Avenue is in ZIP code 10016, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1 Park Avenue, New York, NY 10016, in Murray Hill.

What is the zoning at 1 Park Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 15.12 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 1 Park Avenue?

The closest subway station to 1 Park Avenue is 33 St (the 6 train), about 200 feet away in a straight line, roughly 1 minute on foot. Also nearby: 28 St (the 6 train), 5 min walk; 28 St (the R and W trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 1 Park Avenue?

1 Park Avenue is a condominium of 19 tax lots. VNO ONE PARK LLC, one of 2 owners of record on the roll, owns the units that make up 94% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1008887503). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

What is the energy grade of 1 Park Avenue?

1 Park Avenue reported an ENERGY STAR score of 90 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 90 earns an A. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 66 kBtu per square foot, 39% below the national median of 108.5 for a similar property. Its greenhouse gas emissions were about 5,574 metric tons of CO2e (6.89 kg per square foot).

Does 1 Park Avenue meet Local Law 97?

At its 2024 energy use, 1 Park Avenue comes to about 4,321 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 8,066 tons for 2024 to 2029 (54% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,372 tons and the same energy use counts as about 2,609 tons, about 237 tons over, or an estimated $64,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at 1 Park Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 8 jobs at 1 Park Avenue. In the last two years, interior work was permitted on 4 floors (floors 1, 2, 18 and 19 and the cellar). The newest build-out, on floor 1, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $326,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008887503. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 1 Park Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $34.3 million for 1 Park Avenue (the sum of its 19 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.72 million a year, roughly $5.41 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008887503 show the actual bill.

What is the assessed value of 1 Park Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 1 Park Avenue at $328.3 million ($105 million of it land) and its assessed value at $147.7 million, the 45% of market value the city assesses for Class 4 property.

Are there vacant storefronts at 1 Park Avenue?

Owners registered 6 storefronts at 1 Park Avenue for December 31, 2024, the newest annual filing the city has published, and 2 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2020. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 1 Park Avenue?

No space at 1 Park Avenue is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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Murray Hill

Transit hubs in Murray Hill

6 at 33 St
4 5 6 7 S at Grand Central