Office building with commercial space · Upper East Side, Manhattan
1550 Third Avenue
New York, NY 10128
1550 Third Avenue is a 6-floor office building with commercial space in the Upper East Side, Manhattan, built in 1915, with about 57,000 square feet of office space according to city records.
Also at 177-181 East 87th Street and 1550-1556 Third Avenue.
- Office space
- 57K SF
- Floors
- 6
- Year built
- 1915
- Zoning
- C1-9
The 12th largest of the 12 office buildings we track in the Upper East Side. Compare it with 6 neighbors
No space at 1550 Third Avenue 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.
Compared with its neighbors
How 1550 Third Avenue compares
Next to the 6 nearest large office buildings, all within a 19 minute walk, 1550 Third Avenue is the smallest by office floor area. Built in 1915, it is the oldest of them. Its estimated property tax, about $21.22 a square foot of floor area before abatements, is above the neighbors' median of $19.32.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1550 Third Avenue | 57K SF | 6 | 1915 | $21.22 | Jul 2005, $45M |
| 210 East 86th Street | 61K SF | 9 | 1966 | $19.38 | Jun 2026, $64.1M |
| 320 East 94th Street | 57K SF | 5 | 1968 | Exempt | n/a |
| 309 East 94th Street | 146K SF | 5 | 1927 | $5.90 | Dec 2021, $70M (2 lots) |
| 974 Madison Avenue | 73K SF | 6 | 1950 | $44.90 | Jun 2024, $560M |
| 1334 York Avenue | 223K SF | 10 | 1921 | $19.26 | n/a |
| 511 East 71st Street | 82K SF | 11 | 1958 | Exempt | 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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 177-181 East 87th Street; 1550-1556 Third Avenue
- ZIP code
- 10128
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 67,500 SF
- Commercial floor area
- 67,500 SF
- Office
- 56,579 SF
- Retail
- 10,921 SF
- Height
- 6 floors
- Average floor
- About 11,300 SF (floor area divided by floors)
- Year built
- 1915
- Last major alteration
- 1989
- Lot area
- 12,659 SF
- Zoning district
- C1-9
- Built FAR
- 5.33
- Max commercial FAR
- 2
- Tax lot (BBL)
- 1015160032
Nearest subway
- 86 St
- 86 St
- 96 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 1550 Third Avenue 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 the Upper East Side
- 8.6%
- Share vacant along Third Avenue
- 13.3%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in the Upper East Side? 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 2026-10-02. 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
Property tax and assessed value
For tax year 2026/27 the city values 1550 Third Avenue at $30.1 million and assesses it at $13.5 million. After phase-ins and exemptions its taxable value is $13.2 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 $1.43 million a year before abatements, roughly $21.22 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
- $30,082,000
- Land market value
- $4,540,000
- Assessed value
- $13,536,900
- Taxable value (phased in)
- $13,205,010
- Estimated yearly tax
- About $1.43 million
- Tax per SF of floor area
- About $21.22
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll), 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 property records (ACRIS)
Sales history
1550 Third Avenue last sold in July 2005 for $45 million, according to the deed recorded with the city. VICTORIAN PROPERTIES LTD. sold it to ALLIED THIRD AVENUE, LLC. That comes to about $667 per square foot of floor area.
- Last sale (deed date)
- July 11, 2005
- Price
- $45,000,000
- Price per SF of floor area
- About $667
- Seller
- VICTORIAN PROPERTIES LTD.
- Buyer
- ALLIED THIRD AVENUE, LLC
- Deed recorded
- July 26, 2005
- ACRIS document
- 2005071301294001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; 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
1550 Third Avenue reported an ENERGY STAR score of 70 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 44.8 kBtu per square foot, 25% below the national median of 59.7 for a similar property. Its greenhouse gas emissions were about 348 metric tons of CO2e (5.16 kg per square foot).
- ENERGY STAR score (2024)
- 70 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 44.8 kBtu/SF
- National median for the type
- 59.7 kBtu/SF
- Greenhouse gas emissions
- 348 t CO2e
- Emissions per SF
- 5.16 kg CO2e
- Floor area in the filing
- 67,500 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 2026-10-02; 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 1550 Third Avenue. In the last two years, interior work was permitted on 2 floors (floors 2 and 4). The newest build-out, on floor 2, was first permitted in June 2026 (construction, mechanical, plumbing; filed cost estimate $250,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 3
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 2 and 4
Recent build-outs
New jobs by year
Build-outs across the Upper East SideWhere NYC offices are being built out
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.
Before you sign
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Questions about 1550 Third Avenue
How big is 1550 Third Avenue?
1550 Third Avenue has about 68,000 square feet of floor area in total, including 57,000 square feet of office and 11,000 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 1550 Third Avenue built?
City records list 1915 as the year built, with a major alteration recorded in 1989. The building is 6 floors tall.
What other addresses does 1550 Third Avenue have?
City records list 177-181 East 87th Street and 1550-1556 Third Avenue on the same tax lot (BBL 1015160032) as 1550 Third Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1550 Third Avenue?
1550 Third Avenue is in ZIP code 10128, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1550 Third Avenue, New York, NY 10128, in the Upper East Side.
What is the zoning at 1550 Third Avenue?
The lot is in the C1-9 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.33 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 1550 Third Avenue?
The closest subway station to 1550 Third Avenue is 86 St (the 4, 5 and 6 trains), about 550 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as partly accessible. Also nearby: 86 St (the Q train), 3 min walk; 96 St (the 6 train), 9 min walk. Walking times are straight-line estimates; the street route is longer.
When was 1550 Third Avenue last sold?
1550 Third Avenue last sold in July 2005 for $45 million, according to the deed recorded with the city. VICTORIAN PROPERTIES LTD. sold it to ALLIED THIRD AVENUE, LLC. That comes to about $667 per square foot of floor area. The deed is ACRIS document 2005071301294001 (BBL 1015160032) 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 1550 Third Avenue?
1550 Third Avenue reported an ENERGY STAR score of 70 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 70 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 44.8 kBtu per square foot, 25% below the national median of 59.7 for a similar property. Its greenhouse gas emissions were about 348 metric tons of CO2e (5.16 kg per square foot).
Is there construction at 1550 Third Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 1550 Third Avenue. In the last two years, interior work was permitted on 2 floors (floors 2 and 4). The newest build-out, on floor 2, was first permitted in June 2026 (construction, mechanical, plumbing; filed cost estimate $250,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1015160032. 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 1550 Third Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $13.2 million for 1550 Third Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.43 million a year, roughly $21.22 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1015160032 show the actual bill.
What is the assessed value of 1550 Third Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1550 Third Avenue at $30.1 million ($4.54 million of it land) and its assessed value at $13.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 3% from 2022/23 ($29.1 million) to 2026/27.
Are there vacant storefronts at 1550 Third Avenue?
Owners registered one storefront at 1550 Third Avenue 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 office space for lease at 1550 Third Avenue?
No space at 1550 Third 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.
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