Office building with commercial space · Union Square, Manhattan

17 Union Square

New York, NY 10003

17 Union Square is a 12-floor office building with commercial space in Union Square, Manhattan, built in 1912, with about 82,000 square feet of office space according to city records.

Also at 25-27 East 15th Street, 17-19 Union Square and 17-19 Union Square West.

Office space
82K SF
Floors
12
Year built
1912
Zoning
C6-4

The 30th largest of the 41 office buildings we track in Union Square. Compare it with 6 neighbors

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Compared with its neighbors

How 17 Union Square compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 17 Union Square ranks 4th of 7 by office floor area. It went up in 1912; the median neighbor dates from 1904. Its estimated property tax, about $21.08 a square foot of floor area before abatements, is above the neighbors' median of $19.62.

17 Union Square and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
17 Union SquareThis building82K SF121912$21.08
5 Union Square1 min walk74K SF81900$10.78
Van Beuren Building, 71 Fifth Avenue1 min walk122K SF111907$17.47
Knickerbocker Building, 79 Fifth Avenue2 min walk256K SF161906$26.27
41 Union Square2 min walk66K SF161920$28.18
Annin Building, 85 Fifth Avenue2 min walk95K SF131901$14.04
87 Fifth Avenue2 min walk51K SF111902$21.77
The 30th largest of the 41 office buildings we track in Union Square: see the full list

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). 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
25-27 East 15th Street; 17-19 Union Square; 17-19 Union Square West
ZIP code
10003
Building type
Office building with commercial space (city class O6)
Total floor area
87,545 SF
Commercial floor area
87,545 SF
Office
81,845 SF
Retail
5,700 SF
Height
12 floors
Average floor
About 7,300 SF (floor area divided by floors)
Year built
1912
Lot area
7,425 SF
Zoning district
C6-4
Built FAR
11.79
Max commercial FAR
10
Tax lot (BBL)
1008430020

Nearest subway

  • 14 St-Union Sq1 min walk · Accessible station
  • 14 St6 min walk · Accessible station · connects to 6 Av
  • 3 Av7 min walk · Not accessible

Nearby large buildings

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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists MERIEL REALTY LLC. as the owner of record. For tax year 2026/27 the city values 17 Union Square at $40.3 million and assesses it at $18.1 million. After phase-ins and exemptions its taxable value is $17 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 $1.85 million a year before abatements, roughly $21.08 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
MERIEL REALTY LLC.
Tax class
Class 4 (commercial and industrial)
City market value
$40,298,000
Land market value
$6,000,000
Assessed value
$18,134,100
Taxable value (phased in)
$17,011,800
Estimated yearly tax
About $1.85 million
Tax per SF of floor area
About $21.08

City market value by tax year

  • 2022/23$33.4 million
  • 2023/24$37.1 million
  • 2024/25$39 million
  • 2025/26$39.2 million
  • 2026/27$40.3 million

Market value rose 21% from 2022/23 ($33.4 million) to 2026/27.

How Union Square compares: property tax per SF across NYC neighborhoods

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 2026-10-02; 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

17 Union Square reported an ENERGY STAR score of 91 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 51.9 kBtu per square foot, less than half the national median of 109.3 for a similar property. Its greenhouse gas emissions were about 518 metric tons of CO2e (5.3 kg per square foot).

ENERGY STAR score (2024)
91 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
51.9 kBtu/SF
National median for the type
109.3 kBtu/SF
Greenhouse gas emissions
518 t CO2e
Emissions per SF
5.3 kg CO2e
Floor area in the filing
97,697 SF
ENERGY STAR certified
2015, 2016, 2017, 2018, 2021, 2023

ENERGY STAR score by year

  • 202388 (A)
  • 202491 (A)

Energy sources in 2024

  • Electricity68%
  • Fuel oil32%

Share of the energy used on site, as filed.

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 2 jobs at 17 Union Square. In the last two years, interior work was permitted on 3 floors (floors 1 to 3 and the cellar). The newest build-out, on floors 1 and 2, was first permitted in August 2026 (structural; filed cost estimate $123,000).

New jobs, last 12 months
2
Initial permits, last 12 months
2
Newest job first permitted
August 2026
Interior build-outs, last 24 months
3
Floors with interior work, last 24 months
1 to 3, cellar

Recent build-outs

  • Floors 1 and 2August 2026Structural; est. $123,000
  • Floors 1 and 2, cellarJuly 2026Construction; est. $726,000
  • Floor 3April 2025Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $644,000; signed off

New jobs by year

  • 20215
  • 20222
  • 20231
  • 20242
  • 20254
  • 2026 to date2

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.

Office space nearby in Union Square

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Union Square yet. These labeled examples show what tenants post. List a space in 17 Union Square and we match it against every new one automatically.

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Questions about 17 Union Square

How big is 17 Union Square?

17 Union Square has about 88,000 square feet of floor area in total, including 82,000 square feet of office and 6,000 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 17 Union Square built?

City records list 1912 as the year built. The building is 12 floors tall.

What other addresses does 17 Union Square have?

City records list 25-27 East 15th Street, 17-19 Union Square and 17-19 Union Square West on the same tax lot (BBL 1008430020) as 17 Union Square. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 17 Union Square?

17 Union Square is in ZIP code 10003, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 17 Union Square, New York, NY 10003, in Union Square.

What is the zoning at 17 Union Square?

The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.79 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 17 Union Square?

The closest subway station to 17 Union Square is 14 St-Union Sq (the 4, 5, 6, L, N, Q, R and W trains), about 300 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 14 St (the 1, 2, 3, F, M and L trains, connected to 6 Av), 6 min walk; 3 Av (the L train), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 17 Union Square?

The NYC Department of Finance's 2026/27 assessment roll lists MERIEL REALTY LLC. as the owner of record of 17 Union Square (BBL 1008430020). 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.

What is the energy grade of 17 Union Square?

17 Union Square reported an ENERGY STAR score of 91 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 91 earns an A. 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 51.9 kBtu per square foot, less than half the national median of 109.3 for a similar property. Its greenhouse gas emissions were about 518 metric tons of CO2e (5.3 kg per square foot).

Is there construction at 17 Union Square?

In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 17 Union Square. In the last two years, interior work was permitted on 3 floors (floors 1 to 3 and the cellar). The newest build-out, on floors 1 and 2, was first permitted in August 2026 (structural; filed cost estimate $123,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008430020. 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 17 Union Square?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $17 million for 17 Union Square. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.85 million a year, roughly $21.08 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008430020 show the actual bill.

What is the assessed value of 17 Union Square?

For tax year 2026/27, the NYC Department of Finance puts the market value of 17 Union Square at $40.3 million ($6 million of it land) and its assessed value at $18.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($33.4 million) to 2026/27.

Is there office space for lease at 17 Union Square?

No space at 17 Union Square 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.

1,677 buildings from city records

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