W. R. Grace Building

The W. R. Grace Building has about 1.5 million square feet of floor area in total, including 1.4 million square feet of office and 27,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1971 as the year built, with a major alteration recorded in 2001. The building is 47 floors tall.

The W. R. Grace Building is at 1114 Avenue of the Americas in Midtown, Manhattan. City records list 1110-1116 Avenue of the Americas, 37-45 West 42nd Street and 38-76 West 43rd Street on the same tax lot (BBL 1012580009). A space listed on Leasemark at any of these addresses shows up on this page.

1114 Avenue of the Americas is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The W. R. Grace Building is at 1114 Avenue of the Americas, New York, NY 10036, in Midtown.

The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 22.36 and a maximum commercial FAR of 15 for this lot.

The closest subway station to the W. R. Grace Building is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), 4 min walk; Grand Central-42 St (the 4, 5, 6, 7 and S trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 1114 6TH AVENUE OWNER LLC as the owner of record of the W. R. Grace Building (BBL 1012580009). 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.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the W. R. Grace Building. One public company reports the address as its principal executive office: SAFEHOLD INC. (SAFE). 18 investment managers and funds file 13F holdings reports from the address, including Clark John Smith II; FLOW TRADERS U.S. LLC; and IDB Lido Wealth, 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.

The W. R. Grace Building reported an ENERGY STAR score of 72 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 72 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 85.1 kBtu per square foot, 26% below the national median of 115 for a similar property. Its greenhouse gas emissions were about 12,161 metric tons of CO2e (7.91 kg per square foot).

At its 2024 energy use, the W. R. Grace Building comes to about 8,779 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 12,414 tons for 2024 to 2029 (71% of the limit), so it would owe no penalty. From 2030 the limit drops to 4,599 tons and the same energy use counts as about 5,633 tons, about 1,034 tons over, or an estimated $277,000 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.

In the 12 months to October 2026, the Department of Buildings issued first permits for 50 jobs at the W. R. Grace Building. In the last two years, interior work was permitted on 21 floors (floors 1, 3 to 6, 18, 19, 22, 24, 26, 28, 31 and 38 to 46 and the cellar). The newest build-out, on floors 5 and 6, was first permitted in August 2026 (construction, mechanical; filed cost estimate $283,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012580009. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $363 million for the W. R. Grace Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $39.4 million a year, roughly $25.95 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012580009 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the W. R. Grace Building at $945.5 million ($117 million of it land) and its assessed value at $425.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 32% from 2022/23 ($717.9 million) to 2026/27.

Owners registered 5 storefronts at the W. R. Grace Building 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.

No space at 1114 Avenue of the Americas is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.