Paramount Building

The Paramount Building has about 687,000 square feet of floor area in total, including 599,000 square feet of office and 87,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

The Landmarks Preservation Commission's building records date the Paramount Building to 1926-1927, designed by Rapp & Rapp. The building is 32 floors tall.

Rapp & Rapp, according to the Landmarks Preservation Commission's building records, which list the style as French Beaux-Arts and its original use as theater and office building.

Yes. The Landmarks Preservation Commission designated the Paramount Building an individual landmark on November 1, 1988 (LP-01566). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

The Paramount Building is at 1493 Broadway in Times Square, Manhattan. City records list 1493-1505 Broadway, 201-215 West 43rd Street and 200-214 West 44th Street on the same tax lot (BBL 1010150029). A space listed on Leasemark at any of these addresses shows up on this page.

1493 Broadway 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 Paramount Building is at 1493 Broadway, New York, NY 10036, in Times Square.

The closest subway station to the Paramount Building is 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), about 450 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 49 St (the N, R and W trains), 5 min walk; 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), 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 PARAMOUNT LEASEHOLD L.P. as the owner of record of the Paramount Building (BBL 1010150029). 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.

The Paramount Building reported an ENERGY STAR score of 47 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 47 earns a D. 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 107.2 kBtu per square foot, about the same as the national median of 103.6 for a similar property. Its greenhouse gas emissions were about 8,007 metric tons of CO2e (10.51 kg per square foot).

At its 2024 energy use, the Paramount Building comes to about 6,408 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 6,170 tons for 2024 to 2029: about 238 tons over, an estimated penalty of $64,000 a year. From 2030 the limit drops to 2,324 tons and the same energy use counts as about 4,189 tons, about 1,865 tons over, or an estimated $500,000 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 10 jobs at the Paramount Building. In the last two years, interior work was permitted on 13 floors (floors 1 to 5, 7 to 9, 11 to 13, 17 and 22, the cellar and the ground floor). The newest build-out, on floor 1, was first permitted in October 2026 (construction; filed cost estimate $80,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010150029. 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 $83.9 million for the Paramount Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $9.1 million a year, roughly $13.25 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010150029 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of the Paramount Building at $204.5 million ($47.9 million of it land) and its assessed value at $92 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 9% from 2022/23 ($188.1 million) to 2026/27.

Owners registered 10 storefronts at the Paramount 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 1493 Broadway 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.