Office building · Grand Central, Manhattan

101 Park Avenue

New York, NY

101 Park Avenue is a 46-floor office building in Grand Central, Manhattan, built in 1982, with about 1 million square feet of office space according to city records.

Also at 101-119 East 40th Street, 100-114 East 41st Street and 101-111 Park Avenue.

Office space
1.0M SF
Floors
46
Year built
1982
Zoning
C5-2.5

Office space next to its nearest neighbors

  1. 101 Park AvenueThis building1.0M SF
  2. 364 Lexington Avenue1 min walk233K SF
  3. 354 Lexington Avenue1 min walk226K SF
  4. 104 East 40th Street1 min walk53K SF

The 9th largest of the 83 office buildings we track in Grand Central. Compare it with 6 neighbors

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Compared with its neighbors

How 101 Park Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 101 Park Avenue is the largest by office floor area. Built in 1982, it is the newest of them. Its estimated property tax, about $23.18 a square foot of floor area before abatements, is above the neighbors' median of $16.47.

101 Park Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
101 Park AvenueThis building1.0M SF461982$23.18n/a
104 East 40th Street1 min walk53K SF91915$15.49n/a
364 Lexington Avenue1 min walk233K SF261930$17.46Dec 2018, $190M
354 Lexington Avenue1 min walk226K SF241959$14.93Nov 2024, $65.5M
99 Park Avenue1 min walk600K SF261953$11.89n/a
Pershing Square Building, 125 Park Avenue1 min walk498K SF241923$22.28Aug 2010, $330M
Bowery Savings Bank Building, 110 East 42nd Street1 min walk188K SF181921$21.51n/a
The 9th largest of the 83 office buildings we track in Grand Central: 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
101-119 East 40th Street; 100-114 East 41st Street; 101-111 Park Avenue
ZIP code
10016 (PLUTO); 10178 (Finance roll)
Building type
Office building (city class O4)
Total floor area
1,088,389 SF
Commercial floor area
1,088,389 SF
Office
1,014,750 SF
Retail
36,230 SF
Height
46 floors
Average floor
About 23,700 SF (floor area divided by floors)
Year built
1982
Lot area
52,831 SF
Zoning district
C5-2.5
Built FAR
20.6
Max commercial FAR
12
Tax lot (BBL)
1012950001

Nearest subway

  • Grand Central-42 St2 min walk · Accessible station
  • 5 Av6 min walk · Not accessible · connects to 42 St-Bryant Pk
  • 33 St8 min walk · Not accessible

Nearby large buildings

All 36 large office buildings on Park Avenue

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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

Owners registered 4 storefronts at 101 Park Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2025
4
Vacant that day
0
Share vacant across Grand Central
19.7%
Share vacant along Park Avenue
11.5%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20190 of 4
  • 20200 of 4
  • 20210 of 4
  • 20220 of 4
  • 20231 of 4
  • 20240 of 4
  • 20250 of 4

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

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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, as the owners filed them. The 2025 filing was due June 1, 2026, 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

The Department of Finance lists 101 PARK AVENUE ASSOCIATES II LLC as the owner of record. For tax year 2026/27 the city values 101 Park Avenue at $516.8 million and assesses it at $232.5 million. After phase-ins and exemptions its taxable value is $232.5 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 $25.2 million a year before abatements, roughly $23.18 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.

Owner of record
101 PARK AVENUE ASSOCIATES II LLC
Tax class
Class 4 (commercial and industrial)
City market value
$516,758,000
Land market value
$90,600,000
Assessed value
$232,541,100
Estimated yearly tax
About $25.2 million
Tax per SF of floor area
About $23.18

City market value by tax year

  • 2022/23$537.2 million
  • 2023/24$530.7 million
  • 2024/25$533.3 million
  • 2025/26$513.3 million
  • 2026/27$516.8 million

Market value fell 4% from 2022/23 ($537.2 million) to 2026/27.

How Grand Central compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; 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.

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SEC filings (EDGAR)

Companies with offices here

One public company and 2 investment managers and funds give 101 Park Avenue as their office address in SEC filings.

Public company

Principal executive office on their latest 10-K or 10-Q

  • FEDERAL HOME LOAN BANK OF NEW YORK10-Q, Aug 2026

Investment managers and funds

Office address on their latest 13F holdings report

  • FEDERATED GLOBAL INVESTMENT MANAGEMENT CORP13F, Aug 2026
  • Nippon Life Global Investors Americas, Inc.13F, Aug 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

101 Park Avenue reported an ENERGY STAR score of 71 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 73.4 kBtu per square foot, 26% below the national median of 99 for a similar property. Its greenhouse gas emissions were about 7,871 metric tons of CO2e (7.23 kg per square foot).

ENERGY STAR score (2024)
71 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
73.4 kBtu/SF
National median for the type
99 kBtu/SF
Greenhouse gas emissions
7,871 t CO2e
Emissions per SF
7.23 kg CO2e
Floor area in the filing
1,088,389 SF

ENERGY STAR score by year

  • 202266 (C)
  • 202370 (B)
  • 202471 (B)

Energy sources in 2024

  • Electricity66%
  • District steam34%

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 2026-10-16; 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.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 15 jobs at 101 Park Avenue. In the last two years, interior work was permitted on 22 floors (floors 6, 8, 11, 13, 14, 17, 20, 21, 23, 24, 26 to 29, 32, 34 to 36 and 45 to 48 and the sub-cellar). The newest build-out, on floor 6, was first permitted in August 2026 (construction; filed cost estimate $20,000).

New jobs, last 12 months
15
Initial permits, last 12 months
31
Newest job first permitted
August 2026
Interior build-outs, last 24 months
22
Floors with interior work, last 24 months
6, 8, 11, 13, 14, 17, 20, 21, 23, 24, 26 to 29, 32, 34 to 36 and 45 to 48, sub-cellar
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floor 6August 2026Construction; est. $20,000; signed off
  • Floor 45June 2026Construction, Mechanical, Plumbing, Sprinklers, Standpipe; 2 jobs; est. $7.1 million
  • Floor 32May 2026Construction; est. $24,000; signed off
  • Floors 13 and 14April 2026Construction, Mechanical, Plumbing, Sprinklers; est. $1.1 million
  • Floors 34 to 36March 2026Structural; est. $200,000; signed off
  • Floor 20March 2026Construction, Mechanical, Plumbing, Sprinklers; 3 jobs; est. $4.2 million

The newest 6 of 22 in the last 24 months.

New jobs by year

  • 20212
  • 20228
  • 202328
  • 20249
  • 202526
  • 2026 to date12

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.

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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 101 Park Avenue

How big is 101 Park Avenue?

101 Park Avenue has about 1.1 million square feet of floor area in total, including 1 million square feet of office and 36,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 101 Park Avenue built?

City records list 1982 as the year built. The building is 46 floors tall.

What other addresses does 101 Park Avenue have?

City records list 101-119 East 40th Street, 100-114 East 41st Street and 101-111 Park Avenue on the same tax lot (BBL 1012950001) as 101 Park Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 101 Park Avenue?

City records give two ZIP codes for this tax lot: 10016 in NYC PLUTO 26v2 and 10178 on the Department of Finance's assessment roll. Some large New York buildings have a ZIP code of their own beside the area's, so check with the building's management which one it uses before you rely on either.

What is the zoning at 101 Park Avenue?

The lot is in the C5-2.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 20.6 and a maximum commercial FAR of 12 for this lot.

What subway station is closest to 101 Park Avenue?

The closest subway station to 101 Park Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 400 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 6 min walk; 33 St (the 6 train), 8 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 101 Park Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 101 PARK AVENUE ASSOCIATES II LLC as the owner of record of 101 Park Avenue (BBL 1012950001). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Who are the tenants at 101 Park Avenue?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 101 Park Avenue. One public company reports the address as its principal executive office: FEDERAL HOME LOAN BANK OF NEW YORK. 2 investment managers and funds file 13F holdings reports from the address: FEDERATED GLOBAL INVESTMENT MANAGEMENT CORP; and Nippon Life Global Investors Americas, Inc.. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

What is the energy grade of 101 Park Avenue?

101 Park Avenue reported an ENERGY STAR score of 71 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 71 earns a B. 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 73.4 kBtu per square foot, 26% below the national median of 99 for a similar property. Its greenhouse gas emissions were about 7,871 metric tons of CO2e (7.23 kg per square foot).

Is there construction at 101 Park Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 15 jobs at 101 Park Avenue. In the last two years, interior work was permitted on 22 floors (floors 6, 8, 11, 13, 14, 17, 20, 21, 23, 24, 26 to 29, 32, 34 to 36 and 45 to 48 and the sub-cellar). The newest build-out, on floor 6, was first permitted in August 2026 (construction; filed cost estimate $20,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012950001. 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 101 Park Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $232.5 million for 101 Park Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $25.2 million a year, roughly $23.18 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012950001 show the actual bill.

What is the assessed value of 101 Park Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 101 Park Avenue at $516.8 million ($90.6 million of it land) and its assessed value at $232.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 4% from 2022/23 ($537.2 million) to 2026/27.

Are there vacant storefronts at 101 Park Avenue?

Owners registered 4 storefronts at 101 Park Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 101 Park Avenue?

No space at 101 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.

2,723 buildings from city records

Look up another building

Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.