Office building with commercial space · Flatiron, Manhattan

114 East 25th Street

New York, NY 10010

114 East 25th Street is a 12-floor office building with commercial space in Flatiron, Manhattan, built in 1921, with about 37,000 square feet of office space according to city records.

Office space
37K SF
Floors
12
Year built
1921
Zoning
C6-2A

Office space next to its nearest neighbors

  1. 104 East 25th Street1 min walk97K SF
  2. 121 East 24th Street1 min walk55K SF
  3. 114 East 25th StreetThis building37K SF

The 89th largest of the 90 office buildings we track in Flatiron. Compare it with 6 neighbors

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Compared with its neighbors

How 114 East 25th Street compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 114 East 25th Street is the smallest by office floor area. Built in 1921, it is the newest of them. Its estimated property tax, about $15.41 a square foot of floor area before abatements, is below the neighbors' median of $16.81.

114 East 25th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
114 East 25th StreetThis building37K SF121921$15.41Jun 2020, $41.3M
104 East 25th Street1 min walk97K SF121913$16.81n/a
121 East 24th Street1 min walk55K SF121913$12.23n/a
351 Park Avenue South1 min walk217K SF121913ExemptSep 2019, $345M
315 Park Avenue South1 min walk344K SF201911$20.93Jan 2015, $354M
115 East 23rd Street1 min walk65K SF121913$11.52n/a
137 East 25th Street2 min walk71K SF101910$19.24n/a
The 89th largest of the 90 office buildings we track in Flatiron: 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

ZIP code
10010
Building type
Office building with commercial space (city class O6)
Total floor area
42,898 SF
Commercial floor area
42,898 SF
Office
36,648 SF
Retail
6,250 SF
Height
12 floors
Average floor
About 3,600 SF (floor area divided by floors)
Year built
1921
Last major alteration
2015
Lot area
4,115 SF
Zoning district
C6-2A
Built FAR
10.42
Max commercial FAR
6
Tax lot (BBL)
1008800082

Nearest subway

  • 23 St-Baruch College2 min walk · Accessible station
  • 28 St3 min walk · Partly accessible
  • 23 St5 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; 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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 114 EAST 25TH VENTURES, LLC as the owner of record. For tax year 2026/27 the city values 114 East 25th Street at $14 million and assesses it at $6.28 million. After phase-ins and exemptions its taxable value is $6.09 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 $661,129 a year before abatements, roughly $15.41 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.

Owner of record
114 EAST 25TH VENTURES, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$13,962,000
Land market value
$2,010,000
Assessed value
$6,282,900
Taxable value (phased in)
$6,094,476
Estimated yearly tax
About $661,129
Tax per SF of floor area
About $15.41

City market value by tax year

  • 2022/23$12.6 million
  • 2023/24$14.4 million
  • 2024/25$13.8 million
  • 2025/26$14.2 million
  • 2026/27$14 million

Market value rose 10% from 2022/23 ($12.6 million) to 2026/27.

How Flatiron compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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 2026-10-08; 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.

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NYC property records (ACRIS)

Sales history

114 East 25th Street last sold in June 2020 for $41.3 million, according to the deed recorded with the city. 25TH STREET PROPERTY OWNER LLC sold it to 114 EAST 25TH VENTURES, LLC. That comes to about $963 per square foot of floor area.

Last sale (deed date)
June 12, 2020
Price
$41,327,347
Price per SF of floor area
About $963
Seller
25TH STREET PROPERTY OWNER LLC
Buyer
114 EAST 25TH VENTURES, LLC
Deed recorded
June 16, 2020
ACRIS document
2020061500880001

Recorded sales

All 14 building sales in Flatiron since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 114 East 25th Street in the 12 months to October 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on 13 floors (floors 1 to 13, the cellar and the mezzanine). The newest build-out, on floors 1 to 13, the cellar, the mezzanine and the roof, was first permitted in May 2025 (construction, mechanical, plumbing, sprinklers, standpipe; filed cost estimate $5.6 million).

New jobs, last 12 months
0
Initial permits, last 12 months
1
Newest job first permitted
May 2025
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
1 to 13, cellar, mezzanine
Facade and sidewalk jobs, last 24 months
3

Recent build-outs

  • Floors 1 to 13, cellar, mezzanine, roofMay 2025Construction, Mechanical, Plumbing, Sprinklers, Standpipe; est. $5.6 million
  • Floors 1 to 12, facade, open space, roofNovember 2024Construction, Scaffold; est. $53,000; signed off

New jobs by year

  • 20210
  • 20222
  • 20232
  • 202412
  • 20251
  • 2026 to date0

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.

Office space nearby in Flatiron

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Flatiron yet. These labeled examples show what tenants post. List a space in 114 East 25th Street and we match it against every new one automatically.

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Questions about 114 East 25th Street

How big is 114 East 25th Street?

114 East 25th Street has about 43,000 square feet of floor area in total, including 37,000 square feet of office and 6,000 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 114 East 25th Street built?

City records list 1921 as the year built, with a major alteration recorded in 2015. The building is 12 floors tall.

What is the ZIP code of 114 East 25th Street?

114 East 25th Street is in ZIP code 10010, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 114 East 25th Street, New York, NY 10010, in Flatiron.

What is the zoning at 114 East 25th Street?

The lot is in the C6-2A zoning district. PLUTO lists a built floor area ratio (FAR) of 10.42 and a maximum commercial FAR of 6 for this lot.

What subway station is closest to 114 East 25th Street?

The closest subway station to 114 East 25th Street is 23 St-Baruch College (the 6 train), about 650 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 28 St (the 6 train), 3 min walk; 23 St (the R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 114 East 25th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 114 EAST 25TH VENTURES, LLC as the owner of record of 114 East 25th Street (BBL 1008800082). 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.

When was 114 East 25th Street last sold?

114 East 25th Street last sold in June 2020 for $41.3 million, according to the deed recorded with the city. 25TH STREET PROPERTY OWNER LLC sold it to 114 EAST 25TH VENTURES, LLC. That comes to about $963 per square foot of floor area. The deed is ACRIS document 2020061500880001 (BBL 1008800082) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

Is there construction at 114 East 25th Street?

The Department of Buildings issued no permits for new jobs at 114 East 25th Street in the 12 months to October 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on 13 floors (floors 1 to 13, the cellar and the mezzanine). The newest build-out, on floors 1 to 13, the cellar, the mezzanine and the roof, was first permitted in May 2025 (construction, mechanical, plumbing, sprinklers, standpipe; filed cost estimate $5.6 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1008800082. 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 114 East 25th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.09 million for 114 East 25th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $661,129 a year, roughly $15.41 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008800082 show the actual bill.

What is the assessed value of 114 East 25th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 114 East 25th Street at $14 million ($2.01 million of it land) and its assessed value at $6.28 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($12.6 million) to 2026/27.

Is there office space for lease at 114 East 25th Street?

No space at 114 East 25th 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.

2,180 buildings from city records

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