Commercial condominium · Grand Central, Manhattan
Bowery Savings Bank Building
110 East 42nd Street, New York, NY 10017
The Bowery Savings Bank Building (110 East 42nd Street) is an 18-floor commercial condominium in Grand Central, Manhattan, built in 1921, with about 188,000 square feet of office space according to city records.
Also at 107-115 East 41st Street and 110-120 East 42nd Street.
- Office space
- 188K SF
- Floors
- 18
- Year built
- 1921
- Zoning
- C5-3
The 47th 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 the Bowery Savings Bank Building compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, the Bowery Savings Bank Building is the smallest by office floor area. Built in 1921, it is the oldest of them. Its estimated property tax, about $21.51 a square foot of floor area before abatements, is above the neighbors' median of $18.91.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| Bowery Savings Bank Building, 110 East 42nd Street | 188K SF | 18 | 1921 | $21.51 | n/a |
| Pershing Square Building, 125 Park Avenue | 498K SF | 24 | 1923 | $22.28 | Aug 2010, $330M |
| Chanin Building, 374 Lexington Avenue | 813K SF | 52 | 1929 | $9.81 | n/a |
| 364 Lexington Avenue | 233K SF | 26 | 1930 | $17.46 | Dec 2018, $190M |
| 101 Park Avenue | 1.0M SF | 46 | 1982 | $23.18 | n/a |
| 354 Lexington Avenue | 226K SF | 24 | 1959 | $14.93 | Nov 2024, $65.5M |
| 118 Park Avenue | 581K SF | 26 | 1981 | $20.36 | Mar 2008, $526M |
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
- Building name
- Bowery Savings Bank Building
- Other addresses
- 107-115 East 41st Street; 110-120 East 42nd Street
- ZIP code
- 10017
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 240,827 SF
- Commercial floor area
- 240,827 SF
- Office
- 187,822 SF
- Retail
- 40,471 SF
- Height
- 18 floors
- Average floor
- About 13,400 SF (floor area divided by floors)
- Year built
- 1921
- Lot area
- 25,613 SF
- Zoning district
- C5-3
- Built FAR
- 9.4
- Max commercial FAR
- 15
- Landmark status
- Individual and interior landmark
- Tax lot (BBL)
- 1012967501
Nearest subway
- Grand Central-42 St
- 5 Av
- 33 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 Department of Finance records
Owner, property tax and assessed value
The Bowery Savings Bank Building is a condominium of 7 tax lots. 42ND STREET GORP PROPERTY LLC owns the units that make up 60% of its market value. For tax year 2026/27 the city values the Bowery Savings Bank Building at $112.1 million and assesses it at $50.4 million. After phase-ins and exemptions its taxable value is $47.8 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 $5.18 million a year before abatements, roughly $21.51 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
- 42ND STREET GORP PROPERTY LLC (60% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $112,053,968
- Land market value
- $32,139,968
- Assessed value
- $50,424,287
- Taxable value (phased in)
- $47,755,396
- Estimated yearly tax
- About $5.18 million
- Tax per SF of floor area
- About $21.51
- Condominium tax lots
- 7
- Owners of record
- 1
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 7 condominium tax lots; 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 investment manager gives 110 East 42nd Street as its office address in SEC filings.
Investment manager
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 use and emissions
The Bowery Savings Bank Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 89.9 kBtu per square foot, 35% above the national median of 66.5 for a similar property. Its greenhouse gas emissions were about 2,385 metric tons of CO2e (7.45 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 89.9 kBtu/SF
- National median for the type
- 66.5 kBtu/SF
- Greenhouse gas emissions
- 2,385 t CO2e
- Emissions per SF
- 7.45 kg CO2e
- Floor area in the filing
- 319,981 SF
- ENERGY STAR certified
- 2021
ENERGY STAR score by year
Energy sources in 2024
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.
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 5 jobs at the Bowery Savings Bank Building. In the last two years, interior work was permitted on 7 floors (floors 7, 8, 10 to 13 and 16). The newest build-out, on floor 12, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $889,000).
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 13
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 7
- Floors with interior work, last 24 months
- 7, 8, 10 to 13 and 16
Recent build-outs
New jobs by year
Build-outs across Grand CentralWhere NYC offices are being built out
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.
Landmarks Preservation Commission records
Architecture and history
The Landmarks Preservation Commission designated the Bowery Savings Bank Building a New York City landmark on September 17, 1996. The Commission also designated part of its interior an interior landmark on September 17, 1996.
- City landmark
- Bowery Savings Bank Building: individual landmark, designated September 17, 1996 (LP-01912)
- City landmark
- Bowery Savings Bank Building: interior landmark, designated September 17, 1996 (LP-01913)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Designated and Calendared Buildings and Sites on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
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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 Bowery Savings Bank Building
How big is the Bowery Savings Bank Building?
The Bowery Savings Bank Building has about 241,000 square feet of floor area in total, including 188,000 square feet of office and 40,000 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 the Bowery Savings Bank Building built?
City records list 1921 as the year built. The building is 18 floors tall.
Is the Bowery Savings Bank Building a New York City landmark?
Yes. The Landmarks Preservation Commission designated the Bowery Savings Bank Building an individual landmark on September 17, 1996 (LP-01912). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of the Bowery Savings Bank Building?
The Bowery Savings Bank Building is at 110 East 42nd Street in Grand Central, Manhattan. City records list 107-115 East 41st Street and 110-120 East 42nd Street on the same tax lot (BBL 1012967501). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 110 East 42nd Street?
110 East 42nd Street is in ZIP code 10017, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Bowery Savings Bank Building is at 110 East 42nd Street, New York, NY 10017, in Grand Central.
What is the zoning at the Bowery Savings Bank Building?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.4 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to the Bowery Savings Bank Building?
The closest subway station to the Bowery Savings Bank Building is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 150 feet away in a straight line, roughly 1 minute 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), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns the Bowery Savings Bank Building?
The Bowery Savings Bank Building is a condominium of 7 tax lots. 42ND STREET GORP PROPERTY LLC owns the units that make up 60% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1012967501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Who are the tenants at the Bowery Savings Bank Building?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the Bowery Savings Bank Building. One investment manager files 13F holdings reports from the address: Apis Capital Advisors, LLC. 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.
Does the Bowery Savings Bank Building have an energy grade?
The Bowery Savings Bank Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 89.9 kBtu per square foot, 35% above the national median of 66.5 for a similar property. Its greenhouse gas emissions were about 2,385 metric tons of CO2e (7.45 kg per square foot).
Is there construction at the Bowery Savings Bank Building?
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at the Bowery Savings Bank Building. In the last two years, interior work was permitted on 7 floors (floors 7, 8, 10 to 13 and 16). The newest build-out, on floor 12, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $889,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012967501. 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 the Bowery Savings Bank Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $47.8 million for the Bowery Savings Bank Building (the sum of its 7 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 $5.18 million a year, roughly $21.51 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012967501 show the actual bill.
What is the assessed value of the Bowery Savings Bank Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Bowery Savings Bank Building at $112.1 million ($32.1 million of it land) and its assessed value at $50.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 15% from 2022/23 ($97.5 million) to 2026/27.
Is there office space for lease at the Bowery Savings Bank Building?
No space at 110 East 42nd Street 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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Grand Central
Transit hubs in Grand Central
- 4 5 6 7 S at Grand Central
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