Office building · Concourse, Bronx
198 East 161st Street
Bronx, NY 10451
198 East 161st Street is a 10-floor office building in Concourse, Bronx, built in 1994, with about 310,000 square feet of office space according to city records.
Also at 848 Concourse Village West.
- Office space
- 310K SF
- Floors
- 10
- Year built
- 1994
- Zoning
- C6-2
The largest of the 5 office buildings we track in Concourse. Compare it with 6 neighbors
No space at 198 East 161st 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 Concourse and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 198 East 161st Street compares
Next to the 6 nearest large office buildings, all within a 13 minute walk, 198 East 161st Street is the largest by office floor area. It went up in 1994; the median neighbor dates from 1933. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 198 East 161st Street | 310K SF | 10 | 1994 | Exempt | n/a |
| 820 Concourse Village W | 75K SF | 5 | 2011 | $9.86 | n/a |
| 260 East 161st Street | 221K SF | 10 | 1930 | $6.60 | Dec 2017, $115M |
| 151 East 151st Street | 77K SF | 9 | 2008 | Exempt | n/a |
| 558 Grand Concourse | 71K SF | 4 | 1937 | $7.85 | Jul 2025, $44M |
| 349 East 149th Street | 59K SF | 10 | 1927 | $8.27 | n/a |
| 391 East 149th Street | 56K SF | 6 | 1908 | $13.53 | 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
- 848 Concourse Village West
- ZIP code
- 10451
- Building type
- Office building (city class O3)
- Total floor area
- 310,000 SF
- Commercial floor area
- 310,000 SF
- Office
- 310,000 SF
- Height
- 10 floors
- Average floor
- About 31,000 SF (floor area divided by floors)
- Year built
- 1994
- Lot area
- 36,219 SF
- Zoning district
- C6-2
- Built FAR
- 8.56
- Max commercial FAR
- 6
- Tax lot (BBL)
- 2024430094
Nearest subway
- 161 St-Yankee Stadium
- 167 St
- 149 St-Hostos
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 DCAS (the city's Department of Citywide Administrative Services) as the owner of record. For tax year 2026/27 the city values 198 East 161st Street at $63.1 million and assesses it at $28.4 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Owner of record
- DCAS (the city's Department of Citywide Administrative Services)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $63,130,000
- Land market value
- $1,000,000
- Assessed value
- $28,408,500
- Exemptions
- $28,408,500
- Estimated yearly tax
- Fully exempt on the roll
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 2026-10-03. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
198 East 161st Street reported an ENERGY STAR score of 73 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 73.2 kBtu per square foot, 28% below the national median of 102.2 for a similar property. Its greenhouse gas emissions were about 1,746 metric tons of CO2e (7.47 kg per square foot).
- ENERGY STAR score (2024)
- 73 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 73.2 kBtu/SF
- National median for the type
- 102.2 kBtu/SF
- Greenhouse gas emissions
- 1,746 t CO2e
- Emissions per SF
- 7.47 kg CO2e
- Floor area in the filing
- 233,647 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 2026-10-03; 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 October 2026, the Department of Buildings issued first permits for 1 job at 198 East 161st Street. In the last two years, interior work was permitted on 8 floors (floors 3 to 10). The newest build-out, on floors 3 to 10 and the roof, was first permitted in October 2025 (construction, mechanical, sprinklers, structural; filed cost estimate $7 million).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 4
- Newest job first permitted
- October 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 3 to 10
Recent build-outs
New jobs by year
Build-outs across ConcourseWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). 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.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
Rentable vs usable square feet and the loss factor, explained
Rentable vs usable square feet in NYC: what the loss factor is, how to calculate it, and why two 5,000 SF suites at the same rent can be very different deals.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
Questions about 198 East 161st Street
How big is 198 East 161st Street?
198 East 161st Street has about 310,000 square feet of floor area in total, including 310,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 198 East 161st Street built?
City records list 1994 as the year built. The building is 10 floors tall.
What other addresses does 198 East 161st Street have?
City records list 848 Concourse Village West on the same tax lot (BBL 2024430094) as 198 East 161st Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 198 East 161st Street?
198 East 161st Street is in ZIP code 10451, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 198 East 161st Street, Bronx, NY 10451, in Concourse.
What is the zoning at 198 East 161st Street?
The lot is in the C6-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.56 and a maximum commercial FAR of 6 for this lot.
What subway station is closest to 198 East 161st Street?
The closest subway station to 198 East 161st Street is 161 St-Yankee Stadium (the 4, B and D trains), about 0.3 miles away in a straight line, roughly 6 minutes on foot. The MTA lists it as an accessible station. Also nearby: 167 St (the B and D trains), 11 min walk; 149 St-Hostos (the 2, 4 and 5 trains), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 198 East 161st Street?
The NYC Department of Finance's 2026/27 assessment roll lists DCAS (the city's Department of Citywide Administrative Services) as the owner of record of 198 East 161st Street (BBL 2024430094). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 198 East 161st Street?
198 East 161st Street reported an ENERGY STAR score of 73 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 73 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 73.2 kBtu per square foot, 28% below the national median of 102.2 for a similar property. Its greenhouse gas emissions were about 1,746 metric tons of CO2e (7.47 kg per square foot).
Is there construction at 198 East 161st Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 198 East 161st Street. In the last two years, interior work was permitted on 8 floors (floors 3 to 10). The newest build-out, on floors 3 to 10 and the roof, was first permitted in October 2025 (construction, mechanical, sprinklers, structural; filed cost estimate $7 million). These are the Department of Buildings' DOB NOW work permits for tax lot 2024430094. 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 198 East 161st Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 198 East 161st Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 2024430094 show what is actually billed.
What is the assessed value of 198 East 161st Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 198 East 161st Street at $63.1 million ($1 million of it land) and its assessed value at $28.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($55.2 million) to 2026/27.
Is there office space for lease at 198 East 161st Street?
No space at 198 East 161st 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.
1,935 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.
Concourse
Transit hubs in Concourse
- 4 B D at 161 St-Yankee Stadium
- 2 4 5 at 149 St-Hostos
- Metro-North at Yankees-E 153 St