Retail building · Midtown, Manhattan
15 East 57th Street
New York, NY 10022
15 East 57th Street is a 16-floor retail building in Midtown, Manhattan, built in 1996, with about 36,000 square feet of retail space according to city records.
- Retail space
- 36K SF
- Floors
- 16
- Year built
- 1996
- Zoning
- C5-3
The 6th largest of the 6 retail buildings we track in Midtown. Compare it with 6 neighbors
No space at 15 East 57th Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Midtown and hear the moment a tenant posts a requirement there.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 15 East 57th Street compares
Next to the 6 nearest large retail buildings, all within a 7 minute walk, 15 East 57th Street is the smallest by retail floor area. Built in 1996, it is the newest of them. Its estimated property tax, about $37.94 a square foot of floor area before abatements, is below the neighbors' median of $72.50.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 15 East 57th Street | 36K SF | 16 | 1996 | $37.94 | Jun 2018, $81.5M |
| 731 Fifth Avenue | 90K SF | 10 | 1940 | $101.13 | Feb 2017, $132M |
| 742 Fifth Avenue | 212K SF | 9 | 1928 | $56.49 | n/a |
| 706 Madison Avenue | 39K SF | 5 | 1921 | $75.36 | Nov 2012, $142M (2 lots) |
| Morton and Nellie Plant House and Edward and Frances Holbrook House, 649 Fifth Avenue | 41K SF | 6 | 1905 | $189.03 | n/a |
| 743 Lexington Avenue | 839K SF | 12 | 1868 | $12.96 | n/a |
| 740 Madison Avenue | 36K SF | 6 | 1920 | $69.65 | Oct 2014, $16.9M |
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
- 10022
- Building type
- Retail building (city class K4)
- Total floor area
- 63,875 SF
- Commercial floor area
- 63,875 SF
- Office
- 27,755 SF
- Retail
- 36,120 SF
- Height
- 16 floors
- Year built
- 1996
- Last major alteration
- 2017
- Lot area
- 4,317 SF
- Zoning district
- C5-3
- Built FAR
- 14.8
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012930012
Nearest subway
- 5 Av/59 St
- 5 Av/53 St
- 59 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 15 East 57th Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Midtown
- 14.0%
- Share vacant along East 57th Street
- 19.7%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Midtown? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-08. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists CHANEL, INC. as the owner of record. For tax year 2026/27 the city values 15 East 57th Street at $51.5 million and assesses it at $23.2 million. After phase-ins and exemptions its taxable value is $22.3 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 $2.42 million a year before abatements, roughly $37.94 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
- CHANEL, INC.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $51,537,000
- Land market value
- $11,100,000
- Assessed value
- $23,191,650
- Taxable value (phased in)
- $22,342,680
- Estimated yearly tax
- About $2.42 million
- Tax per SF of floor area
- About $37.94
City market value by tax year
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.
Own or manage 15 East 57th Street? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
15 East 57th Street last sold in June 2018 for $81.5 million, according to the deed recorded with the city. 15 EAST 57TH STREET ASSOCIATES sold it to CHANEL, INC.. That comes to about $1,275 per square foot of floor area.
- Last sale (deed date)
- June 13, 2018
- Price
- $81,466,435
- Price per SF of floor area
- About $1,275
- Seller
- 15 EAST 57TH STREET ASSOCIATES
- Buyer
- CHANEL, INC.
- Deed recorded
- June 22, 2018
- ACRIS document
- 2018062101463001
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
15 East 57th Street reported an ENERGY STAR score of 16 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 82.6 kBtu per square foot, 54% above the national median of 53.6 for a similar property. Its greenhouse gas emissions were about 579 metric tons of CO2e (8.23 kg per square foot).
- ENERGY STAR score (2024)
- 16 of 100
- Grade this score earns (Local Law 33)
- D (under 55)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 82.6 kBtu/SF
- National median for the type
- 53.6 kBtu/SF
- Greenhouse gas emissions
- 579 t CO2e
- Emissions per SF
- 8.23 kg CO2e
- Floor area in the filing
- 70,262 SF
ENERGY STAR score by year
Energy sources in 2024
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 2026-10-08; 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 15 East 57th Street comes to about 446 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 533 tons for 2024 to 2029 (84% of the limit), so it would owe no penalty. From 2030 the limit drops to 177 tons and the same energy use counts as about 262 tons, about 85 tons over, or an estimated $23,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 533 t CO2e
- Estimated emissions
- 446 t CO2e
- Under the limit by
- 87 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 177 t CO2e
- Estimated emissions
- 262 t CO2e
- Over the limit by
- 85 t CO2e
- Estimated penalty a year
- $23,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 49,793 SF; Retail Store 20,469 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 15 East 57th Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 15 East 57th Street in the 12 months to October 2026; the last one was first permitted in November 2024. In the last two years, interior work was permitted on one floor (floor 17). The newest build-out, on floor 17, was first permitted in November 2024 (structural; filed cost estimate $50,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- November 2024
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 17
Recent build-outs
New jobs by year
Build-outs across MidtownWhere NYC offices are being built out
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.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
Retail lease terms in New York: percentage rent, escalations and more
A New York retail lease covers much more than rent. Here is what percentage rent, escalations, pass-throughs, use clauses and restaurant terms mean for you.
Tenant rep broker or going direct? Leasing in NYC
Should you hire a tenant rep broker or deal with landlords directly? Who pays commissions in NYC, what a tenant rep does, and how to choose one.
Questions about 15 East 57th Street
How big is 15 East 57th Street?
15 East 57th Street has about 64,000 square feet of floor area in total, including 28,000 square feet of office and 36,000 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 15 East 57th Street built?
City records list 1996 as the year built, with a major alteration recorded in 2017. The building is 16 floors tall.
What is the ZIP code of 15 East 57th Street?
15 East 57th Street is in ZIP code 10022, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 15 East 57th Street, New York, NY 10022, in Midtown.
What is the zoning at 15 East 57th Street?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.8 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 15 East 57th Street?
The closest subway station to 15 East 57th Street is 5 Av/59 St (the N, R and W trains), about 750 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 5 Av/53 St (the E and F trains), 4 min walk; 59 St (the 4, 5, 6, N, R and W trains, connected to Lexington Av/59 St), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 15 East 57th Street?
The NYC Department of Finance's 2026/27 assessment roll lists CHANEL, INC. as the owner of record of 15 East 57th Street (BBL 1012930012). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 15 East 57th Street last sold?
15 East 57th Street last sold in June 2018 for $81.5 million, according to the deed recorded with the city. 15 EAST 57TH STREET ASSOCIATES sold it to CHANEL, INC.. That comes to about $1,275 per square foot of floor area. The deed is ACRIS document 2018062101463001 (BBL 1012930012) 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.
What is the energy grade of 15 East 57th Street?
15 East 57th Street reported an ENERGY STAR score of 16 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 16 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 82.6 kBtu per square foot, 54% above the national median of 53.6 for a similar property. Its greenhouse gas emissions were about 579 metric tons of CO2e (8.23 kg per square foot).
Does 15 East 57th Street meet Local Law 97?
At its 2024 energy use, 15 East 57th Street comes to about 446 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 533 tons for 2024 to 2029 (84% of the limit), so it would owe no penalty. From 2030 the limit drops to 177 tons and the same energy use counts as about 262 tons, about 85 tons over, or an estimated $23,000 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.
Is there construction at 15 East 57th Street?
The Department of Buildings issued no permits for new jobs at 15 East 57th Street in the 12 months to October 2026; the last one was first permitted in November 2024. In the last two years, interior work was permitted on one floor (floor 17). The newest build-out, on floor 17, was first permitted in November 2024 (structural; filed cost estimate $50,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012930012. 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 15 East 57th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $22.3 million for 15 East 57th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.42 million a year, roughly $37.94 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012930012 show the actual bill.
What is the assessed value of 15 East 57th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 15 East 57th Street at $51.5 million ($11.1 million of it land) and its assessed value at $23.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($46.4 million) to 2026/27.
Are there vacant storefronts at 15 East 57th Street?
Owners registered one storefront at 15 East 57th Street for December 31, 2024, the newest annual filing the city has published, and it was not 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.
Is there retail space for lease at 15 East 57th Street?
No space at 15 East 57th 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
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Most searched building pages
- 48 West 38th StreetMidtown
- 30-30 Thomson AvenueLong Island City
- 117 Duane StreetTribeca
- One Bryant Park1111 Avenue of the Americas, Midtown
- 242 West 36th StreetGarment District
- 310 Hudson StreetHudson Square
- 101 Avenue of the AmericasHudson Square
- 45 Main StreetDumbo
Ranked by how often Google showed each page in search results, Sep 7 to Oct 4, 2026.
Midtown
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq