Pershing Square Building

The Pershing Square Building has about 520,000 square feet of floor area in total, including 498,000 square feet of office, 21,000 square feet of retail and 2,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date the Pershing Square Building to 1921-1923, designed by John Sloan and York and Sawyer. The building is 24 floors tall.

John Sloan and York and Sawyer, according to the Landmarks Preservation Commission's building records, which list the style as Lombard Romanesque-Renaissance Revival and its original use as an office building.

Yes. The Landmarks Preservation Commission designated the Pershing Square Building an individual landmark on November 22, 2016 (LP-02556). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

The Pershing Square Building is at 125 Park Avenue in Grand Central, Manhattan. City records list 101-105 East 41st Street, 100-108 East 42nd Street and 117-131 Park Avenue on the same tax lot (BBL 1012960001). A space listed on Leasemark at any of these addresses shows up on this page.

125 Park Avenue 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 Pershing Square Building is at 125 Park Avenue, New York, NY 10017, in Grand Central.

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 21 and a maximum commercial FAR of 15 for this lot.

The closest subway station to the Pershing Square Building is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 200 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.

The NYC Department of Finance's 2026/27 assessment roll lists 125 PARK OWNER LLC as the owner of record of the Pershing Square Building (BBL 1012960001). 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 Pershing Square Building. One public company reports the address as its principal executive office: NEWMARK GROUP, INC. (NMRK). 3 investment managers and funds file 13F holdings reports from the address: KLINGENSTEIN FIELDS & CO LP; Robotti & Co Advisors, LLC; and Value Investment Professionals, 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 Pershing Square Building last sold in August 2010 for $330 million, according to the deed recorded with the city. SRI SIX 125 PARK LLC sold it to 125 PARK OWNER LLC. The deed is ACRIS document 2010090300698003 (BBL 1012960001) 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.

The Pershing Square Building reported an ENERGY STAR score of 74 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 74 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 68.9 kBtu per square foot, 28% below the national median of 96.1 for a similar property. Its greenhouse gas emissions were about 4,262 metric tons of CO2e (7.17 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 22 jobs at the Pershing Square Building. In the last two years, interior work was permitted on 11 floors (floors 1, 4 to 6, 9 and 16 to 21). The newest build-out, on floor 16, was first permitted in September 2026 (plumbing; filed cost estimate $10,000). A sidewalk shed permit here is active until January 5, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1012960001. 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 $106.9 million for the Pershing Square Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $11.6 million a year, roughly $22.28 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012960001 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Pershing Square Building at $254.6 million ($28.6 million of it land) and its assessed value at $114.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 17% from 2022/23 ($218.2 million) to 2026/27.

Owners registered 8 storefronts at the Pershing Square Building for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 6 did. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

No space at 125 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.