Commercial condominium · Grand Central, Manhattan
Socony-Mobil Building
150 East 42nd Street, New York, NY 10017
The Socony-Mobil Building (150 East 42nd Street) is a 42-floor commercial condominium in Grand Central, Manhattan, built in 1956, with about 1.2 million square feet of office space according to city records.
Also at 131-155 East 41st Street, 130-170 East 42nd Street, 375-391 Lexington Avenue and 640-658 Third Avenue.
- Office space
- 1.2M SF
- Floors
- 42
- Year built
- 1956
- Zoning
- C5-3
The 3rd largest of the 83 office buildings we track in Grand Central. Compare it with 6 neighbors
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Compared with its neighbors
How the Socony-Mobil Building compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, the Socony-Mobil Building is the largest by office floor area. It went up in 1956; the median neighbor dates from 1955. Its estimated property tax, about $15.99 a square foot of floor area before abatements, is close to the neighbors' median of $15.56.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| Socony-Mobil Building, 150 East 42nd Street | 1.2M SF | 42 | 1956 | $15.99 | n/a |
| 622 Third Avenue | 960K SF | 41 | 1974 | $14.16 | n/a |
| 363 Lexington Avenue | 109K SF | 27 | 1937 | $21.79 | Mar 2004, $46M |
| 630 Third Avenue | 203K SF | 22 | 1958 | $15.56 | Oct 2025, $66.2M |
| Chrysler Building, 395 Lexington Avenue | 992K SF | 77 | 1930 | Exempt | n/a |
| 666 Third Avenue | 633K SF | 32 | 1952 | $22.05 | n/a |
| 355 Lexington Avenue | 209K SF | 22 | 1958 | $11.76 | n/a |
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
- Building name
- Socony-Mobil Building
- Other addresses
- 131-155 East 41st Street; 130-170 East 42nd Street; 375-391 Lexington Avenue; 640-658 Third Avenue
- ZIP code
- 10017
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 1,241,644 SF
- Commercial floor area
- 1,241,644 SF
- Office
- 1,193,976 SF
- Retail
- 46,297 SF
- Industrial and storage
- 1,371 SF
- Height
- 42 floors
- Average floor
- About 29,600 SF (floor area divided by floors)
- Year built (tax records)
- 1955
- Last major alteration
- 2010
- Lot area
- 82,950 SF
- Zoning district
- C5-3
- Built FAR
- 14.97
- Max commercial FAR
- 15
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 1012967502
Nearest subway
- Grand Central-42 St
- 5 Av
- 33 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 11 storefronts at the Socony-Mobil Building for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day.
- Storefronts registered for December 31, 2025
- 11
- Vacant that day
- 3
- Share vacant here
- 27.3%
- Share vacant across Grand Central
- 19.7%
- Share vacant along East 42nd Street
- 13.5%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Own or lease out a storefront at 150 East 42nd Street? Listing it is free, and it is matched against every active requirement for retail space in Grand Central the day it goes up.
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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, summed over the condominium's unit lot that filed, as the owners filed them. The 2025 filing was due June 1, 2026, 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
Property tax and assessed value
For tax year 2026/27 the city values the Socony-Mobil Building at $603.4 million and assesses it at $271.5 million. After phase-ins and exemptions its taxable value is $183 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 $19.9 million a year before abatements, roughly $15.99 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $603,438,249
- Land market value
- $113,000,000
- Assessed value
- $271,547,213
- Taxable value (phased in)
- $252,679,281
- Exemptions
- $69,655,673
- Estimated yearly tax
- About $19.9 million
- Tax per SF of floor area
- About $15.99
- Condominium tax lots
- 47
- Owners of record
- 3
City market value by tax year
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Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 47 condominium tax lots), pulled 2026-10-16; 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 150 East 42nd Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
The Socony-Mobil Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Floor area in the filing
- 1,589,903 SF
- ENERGY STAR certified
- 2015, 2016, 2017, 2018, 2022, 2023, 2024
ENERGY STAR score by year
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 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at the Socony-Mobil Building. In the last two years, interior work was permitted on 5 floors (floors 1, 3, 4, 6 and 7, the concourse, the mezzanine and the sub-cellar). The newest build-out, on floor 1, the concourse, the mezzanine and the sub-cellar, was first permitted in October 2026 (mechanical; filed cost estimate $734,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 2
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 4
- Floors with interior work, last 24 months
- 1, 3, 4, 6 and 7, concourse, mezzanine, sub-cellar
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across Grand CentralWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.
Landmarks Preservation Commission records
Architecture and history
The Socony-Mobil Building was designed by Harrison & Abramowitz, John B. Peterkin and built in 1954-1956 in the International Style. The Landmarks Preservation Commission designated it a New York City landmark on February 25, 2003.
- Architect
- Harrison & Abramowitz, John B. Peterkin
- Constructed
- 1954-1956
- Style
- International Style
- Primary material
- Stainless steel
- Built as
- Office building
- City landmark
- Socony-Mobil Building: individual landmark, designated February 25, 2003 (LP-02117)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
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Before you sign
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Questions about Socony-Mobil Building
How big is the Socony-Mobil Building?
The Socony-Mobil Building has about 1.2 million square feet of floor area in total, including 1.2 million square feet of office, 46,000 square feet of retail and 1,000 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.
When was the Socony-Mobil Building built?
The Landmarks Preservation Commission's building records date the Socony-Mobil Building to 1954-1956, designed by Harrison & Abramowitz, John B. Peterkin. City tax records list 1955 as the year built. The building is 42 floors tall.
Who designed the Socony-Mobil Building?
Harrison & Abramowitz, John B. Peterkin, according to the Landmarks Preservation Commission's building records, which list the style as International Style and its original use as an office building.
Is the Socony-Mobil Building a New York City landmark?
Yes. The Landmarks Preservation Commission designated the Socony-Mobil Building an individual landmark on February 25, 2003 (LP-02117). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of the Socony-Mobil Building?
The Socony-Mobil Building is at 150 East 42nd Street in Grand Central, Manhattan. City records list 131-155 East 41st Street, 130-170 East 42nd Street, 375-391 Lexington Avenue and 640-658 Third Avenue on the same tax lot (BBL 1012967502). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 150 East 42nd Street?
150 East 42nd Street 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 Socony-Mobil Building is at 150 East 42nd Street, New York, NY 10017, in Grand Central.
What is the zoning at the Socony-Mobil Building?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.97 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to the Socony-Mobil Building?
The closest subway station to the Socony-Mobil Building is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 300 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), 8 min walk; 33 St (the 6 train), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Does the Socony-Mobil Building have an energy grade?
The Socony-Mobil Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.
Is there construction at the Socony-Mobil Building?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at the Socony-Mobil Building. In the last two years, interior work was permitted on 5 floors (floors 1, 3, 4, 6 and 7, the concourse, the mezzanine and the sub-cellar). The newest build-out, on floor 1, the concourse, the mezzanine and the sub-cellar, was first permitted in October 2026 (mechanical; filed cost estimate $734,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012967502. 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 the Socony-Mobil Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $183 million for the Socony-Mobil Building (the sum of its 47 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $19.9 million a year, roughly $15.99 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012967502 show the actual bill.
What is the assessed value of the Socony-Mobil Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Socony-Mobil Building at $603.4 million ($113 million of it land) and its assessed value at $271.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($500 million) to 2026/27.
Are there vacant storefronts at the Socony-Mobil Building?
Owners registered 11 storefronts at the Socony-Mobil Building for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. 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.
Is there office space for lease at the Socony-Mobil Building?
No space at 150 East 42nd 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.
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