Office building · Financial District, Manhattan

116 Nassau Street

New York, NY 10038

116 Nassau Street is a 12-floor office building in the Financial District, Manhattan, built in 1910, with about 94,000 square feet of office space according to city records.

Also at 39-45 Ann Street and 110-116 Nassau Street.

Office space
94K SF
Floors
12
Year built
1910
Zoning
C5-5

The 99th largest of the 104 office buildings we track in the Financial District. Compare it with 6 neighbors

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Compared with its neighbors

How 116 Nassau Street compares

Next to the 6 nearest large office buildings, all within a 3 minute walk, 116 Nassau Street ranks 6th of 7 by office floor area. It went up in 1910; the median neighbor dates from 1939. Its estimated property tax, about $7.31 a square foot of floor area before abatements, is below the neighbors' median of $9.53.

116 Nassau 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
116 Nassau StreetThis building94K SF121910$7.31n/a
Bennett Building, 99 Nassau Street1 min walk78K SF101873$7.60n/a
161 William1 min walk149K SF221951Exemptn/a
156 William Street2 min walk155K SF121955$11.04n/a
123 William Street2 min walk487K SF261912$9.53Mar 2015, $253M
81 Fulton Street2 min walk445K SF201927$7.86n/a
110 William Street3 min walk768K SF311956$15.80May 2014, $261M
The 99th largest of the 104 office buildings we track in the Financial District: 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
39-45 Ann Street; 110-116 Nassau Street
ZIP code
10038
Building type
Office building (city class O3)
Total floor area
109,173 SF
Commercial floor area
109,173 SF
Office
93,818 SF
Retail
15,355 SF
Height
12 floors
Average floor
About 9,100 SF (floor area divided by floors)
Year built
1910
Last major alteration
2016
Lot area
12,173 SF
Zoning district
C5-5
Built FAR
8.97
Max commercial FAR
15
Tax lot (BBL)
1000920024

Nearest subway

  • Fulton St1 min walk · Accessible station
  • City Hall4 min walk · Not accessible
  • Park Place4 min walk · Not accessible · connects to Cortlandt St, Chambers St, World Trade Center

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. 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 ABACUS REAL ESTATE HOLDINGS CORP. as the owner of record. For tax year 2026/27 the city values 116 Nassau Street at $17.1 million and assesses it at $7.7 million. After phase-ins and exemptions its taxable value is $7.36 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 $798,308 a year before abatements, roughly $7.31 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
ABACUS REAL ESTATE HOLDINGS CORP.
Tax class
Class 4 (commercial and industrial)
City market value
$17,110,000
Land market value
$6,000,000
Assessed value
$7,699,500
Taxable value (phased in)
$7,359,030
Estimated yearly tax
About $798,308
Tax per SF of floor area
About $7.31

City market value by tax year

  • 2022/23$15.1 million
  • 2023/24$16 million
  • 2024/25$16.3 million
  • 2025/26$17.2 million
  • 2026/27$17.1 million

Market value rose 13% from 2022/23 ($15.1 million) to 2026/27.

How the Financial District compares: property tax per SF across NYC neighborhoods

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 2026-10-02; 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.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

116 Nassau Street reported an ENERGY STAR score of 99 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 23.3 kBtu per square foot, less than half the national median of 98.4 for a similar property. Its greenhouse gas emissions were about 240 metric tons of CO2e (1.93 kg per square foot).

ENERGY STAR score (2024)
99 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Financial Office
Site energy use intensity
23.3 kBtu/SF
National median for the type
98.4 kBtu/SF
Greenhouse gas emissions
240 t CO2e
Emissions per SF
1.93 kg CO2e
Floor area in the filing
124,580 SF

ENERGY STAR score by year

  • 202297 (A)
  • 202398 (A)
  • 202499 (A)

Energy sources in 2024

  • Natural gas52%
  • Electricity48%

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 2026-10-02; 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 September 2026, the Department of Buildings issued first permits for 1 job at 116 Nassau Street. In the last two years, interior work was permitted on one floor (floor 2). The newest build-out, on floor 2, was first permitted in June 2026 (construction; filed cost estimate $373,000). A sidewalk shed permit here is active until February 12, 2027.

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
June 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
2
Sidewalk shed permit
Active until Feb 12, 2027

Recent build-outs

  • Floor 2June 2026Construction; est. $373,000; signed off

New jobs by year

  • 20212
  • 20222
  • 20230
  • 20242
  • 20250
  • 2026 to date1

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). 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 the Financial District

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 the Financial District yet. These labeled examples show what tenants post. List a space in 116 Nassau Street and we match it against every new one automatically.

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Questions about 116 Nassau Street

How big is 116 Nassau Street?

116 Nassau Street has about 109,000 square feet of floor area in total, including 94,000 square feet of office and 15,000 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 116 Nassau Street built?

City records list 1910 as the year built, with a major alteration recorded in 2016. The building is 12 floors tall.

What other addresses does 116 Nassau Street have?

City records list 39-45 Ann Street and 110-116 Nassau Street on the same tax lot (BBL 1000920024) as 116 Nassau Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 116 Nassau Street?

116 Nassau Street is in ZIP code 10038, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 116 Nassau Street, New York, NY 10038, in the Financial District.

What is the zoning at 116 Nassau Street?

The lot is in the C5-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.97 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 116 Nassau Street?

The closest subway station to 116 Nassau Street is Fulton St (the 2, 3, 4, 5, A, C, J and Z trains), about 200 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: City Hall (the R and W trains), 4 min walk; Park Place (the 2, 3, A, C, E, R and W trains, connected to Cortlandt St and Chambers St and World Trade Center), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 116 Nassau Street?

The NYC Department of Finance's 2026/27 assessment roll lists ABACUS REAL ESTATE HOLDINGS CORP. as the owner of record of 116 Nassau Street (BBL 1000920024). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

What is the energy grade of 116 Nassau Street?

116 Nassau Street reported an ENERGY STAR score of 99 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 99 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 23.3 kBtu per square foot, less than half the national median of 98.4 for a similar property. Its greenhouse gas emissions were about 240 metric tons of CO2e (1.93 kg per square foot).

Is there construction at 116 Nassau Street?

In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 116 Nassau Street. In the last two years, interior work was permitted on one floor (floor 2). The newest build-out, on floor 2, was first permitted in June 2026 (construction; filed cost estimate $373,000). A sidewalk shed permit here is active until February 12, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1000920024. 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 116 Nassau Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.36 million for 116 Nassau Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $798,308 a year, roughly $7.31 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000920024 show the actual bill.

What is the assessed value of 116 Nassau Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 116 Nassau Street at $17.1 million ($6 million of it land) and its assessed value at $7.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($15.1 million) to 2026/27.

Is there office space for lease at 116 Nassau Street?

No space at 116 Nassau 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.

1,677 buildings from city records

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