Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
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Office building with commercial space · Grand Central, Manhattan
18 East 46th Street
New York, NY 10017
18 East 46th Street is a 15-floor office building with commercial space in Grand Central, Manhattan, built in 1958, with about 78,000 square feet of office space according to city records.
Also at 18-22 East 46th Street.
- Office space
- 78K SF
- Floors
- 15
- Year built
- 1958
- Zoning
- C5-3
The 68th largest of the 80 office buildings we track in Grand Central. Compare it with 6 neighbors
No space at 18 East 46th 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.
Compared with its neighbors
How 18 East 46th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 18 East 46th Street is the smallest by office floor area. Built in 1958, it is the newest of them. Its estimated property tax, about $12.50 a square foot of floor area before abatements, is below the neighbors' median of $17.16.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 18 East 46th Street | 78K SF | 15 | 1958 | $12.50 | n/a |
| 366 Madison Avenue | 79K SF | 15 | 1921 | $19.36 | Oct 2025, $50M |
| 360 Madison Avenue | 319K SF | 24 | 1917 | $19.10 | n/a |
| 390 Madison Avenue | 760K SF | 32 | 1953 | Exempt | n/a |
| Fred F. French Building, 547 Fifth Avenue | 395K SF | 38 | 1927 | $16.04 | n/a |
| 352 Madison Avenue | 344K SF | 25 | 1922 | $17.09 | Mar 2013, $262M (2 lots) |
| 553 Fifth Avenue | 170K SF | 19 | 1955 | $17.16 | 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 address
- 18-22 East 46th Street
- ZIP code
- 10017
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 87,016 SF
- Commercial floor area
- 87,016 SF
- Office
- 77,716 SF
- Retail
- 9,300 SF
- Height
- 15 floors
- Average floor
- About 5,800 SF (floor area divided by floors)
- Year built
- 1958
- Lot area
- 6,025 SF
- Zoning district
- C5-3
- Built FAR
- 14.44
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012810059
Nearest subway
- Grand Central-42 St
- 5 Av
- 47-50 Sts-Rockefeller Ctr
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 18 East 46th 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 Grand Central
- 19.2%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Grand Central? 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
Owner, property tax and assessed value
The Department of Finance lists 18-20/22 EAST 46TH ST. as the owner of record. For tax year 2026/27 the city values 18 East 46th Street at $22.6 million and assesses it at $10.2 million. After phase-ins and exemptions its taxable value is $10 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 $1.09 million a year before abatements, roughly $12.50 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
- 18-20/22 EAST 46TH ST.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $22,621,000
- Land market value
- $7,760,000
- Assessed value
- $10,179,450
- Taxable value (phased in)
- $10,022,850
- Estimated yearly tax
- About $1.09 million
- Tax per SF of floor area
- About $12.50
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 2026-10-02; 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 Department of Buildings permits
Work permits and build-outs
In the 12 months to September 2026, the Department of Buildings issued first permits for 5 jobs at 18 East 46th Street. In the last two years, interior work was permitted on 15 floors (floors 1 to 15, the basement, the cellar, the mezzanine and the penthouse). The newest build-out, on floors 1 to 15, the cellar and the roof, was first permitted in June 2026 (boiler; filed cost estimate $20,000).
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 6
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 5
- Floors with interior work, last 24 months
- 1 to 15, basement, cellar, mezzanine, penthouse
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 2026-10-02 (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.
What a requirement here looks like
No live requirements for office space in Grand Central yet. These labeled examples show what tenants post. List a space in 18 East 46th Street and we match it against every new one automatically.
Before you sign
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Questions about 18 East 46th Street
How big is 18 East 46th Street?
18 East 46th Street has about 87,000 square feet of floor area in total, including 78,000 square feet of office and 9,000 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 18 East 46th Street built?
City records list 1958 as the year built. The building is 15 floors tall.
What other addresses does 18 East 46th Street have?
City records list 18-22 East 46th Street on the same tax lot (BBL 1012810059) as 18 East 46th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 18 East 46th Street?
18 East 46th 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 full mailing address is 18 East 46th Street, New York, NY 10017, in Grand Central.
What is the zoning at 18 East 46th Street?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.44 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 18 East 46th Street?
The closest subway station to 18 East 46th Street is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 1000 feet away in a straight line, roughly 4 minutes 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), 5 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 18 East 46th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 18-20/22 EAST 46TH ST. as the owner of record of 18 East 46th Street (BBL 1012810059). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 18 East 46th Street?
In the 12 months to September 2026, the Department of Buildings issued first permits for 5 jobs at 18 East 46th Street. In the last two years, interior work was permitted on 15 floors (floors 1 to 15, the basement, the cellar, the mezzanine and the penthouse). The newest build-out, on floors 1 to 15, the cellar and the roof, was first permitted in June 2026 (boiler; filed cost estimate $20,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012810059. 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 18 East 46th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $10 million for 18 East 46th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.09 million a year, roughly $12.50 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012810059 show the actual bill.
What is the assessed value of 18 East 46th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 18 East 46th Street at $22.6 million ($7.76 million of it land) and its assessed value at $10.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($21 million) to 2026/27.
Are there vacant storefronts at 18 East 46th Street?
Owners registered one storefront at 18 East 46th 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 office space for lease at 18 East 46th Street?
No space at 18 East 46th 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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