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
Office building with commercial space · Midtown, Manhattan
New York, NY 10036
21 West 46th Street is a 15-floor office building with commercial space in Midtown, Manhattan, built in 1929, with about 69,000 square feet of office space according to city records.
Also at 21-27 West 46th Street.
The 271st largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 21 West 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
Next to the 6 nearest large office buildings, all within a 1 minute walk, 21 West 46th Street ranks 6th of 7 by office floor area. It went up in 1929; the median neighbor dates from 1925. Its estimated property tax, about $10.85 a square foot of floor area before abatements, is below the neighbors' median of $16.61.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 21 West 46th Street | 69K SF | 15 | 1929 | $10.85 | Jan 2025, $43M |
| 16 West 47th Street | 103K SF | 14 | 1924 | $24.16 | n/a |
| 10 West 46th Street | 65K SF | 20 | 1987 | $16.08 | n/a |
| 36 West 47th Street | 91K SF | 16 | 1924 | $12.36 | n/a |
| 2 West 46th Street | 99K SF | 16 | 1926 | $17.14 | n/a |
| 15 West 47th Street | 113K SF | 18 | 1926 | $20.77 | Dec 2020, $110M |
| 25 West 45th Street | 171K SF | 16 | 1913 | $14.60 | Apr 2026, $46.9M |
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
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)
Owners registered 2 storefronts at 21 West 46th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
Need a storefront in Midtown? 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
The Department of Finance lists MARTZ HOLDINGS DE LLC as the owner of record. For tax year 2026/27 the city values 21 West 46th Street at $20.4 million and assesses it at $9.2 million. After phase-ins and exemptions its taxable value is $7.5 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 $813,958 a year before abatements, roughly $10.85 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.
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 property records (ACRIS)
21 West 46th Street last sold in January 2025 for $43 million, according to the deed recorded with the city. 21 WEST 46TH STREET LLC sold it to MARTZ HOLDINGS DE LLC. That comes to about $573 per square foot of floor area.
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)
21 West 46th Street reported an ENERGY STAR score of 84 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 47.7 kBtu per square foot, 42% below the national median of 82.9 for a similar property. Its greenhouse gas emissions were about 328 metric tons of CO2e (4.37 kg per square foot).
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
In the 12 months to September 2026, the Department of Buildings issued first permits for 3 jobs at 21 West 46th Street. In the last two years, interior work was permitted on one floor (floor 2 and the cellar). The newest build-out, on floor 2, was first permitted in August 2025 (construction; filed cost estimate $100,000). A sidewalk shed permit here is active until December 22, 2026.
Build-outs across MidtownWhere 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.
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 21 West 46th Street and we match it against every new one automatically.
Posted by a tenant rep broker · Legal
Posted by a tenant rep broker · Finance
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21 West 46th Street has about 75,000 square feet of floor area in total, including 69,000 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.
City records list 1929 as the year built. The building is 15 floors tall.
City records list 21-27 West 46th Street on the same tax lot (BBL 1012620024) as 21 West 46th Street. A space listed on Leasemark at any of these addresses shows up on this page.
21 West 46th Street is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 21 West 46th Street, New York, NY 10036, in Midtown.
The lot is in the C6-4.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.16 and a maximum commercial FAR of 12 for this lot.
The closest subway station to 21 West 46th Street is 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), about 800 feet away in a straight line, roughly 3 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), 4 min walk; Grand Central-42 St (the 4, 5, 6, 7 and S trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists MARTZ HOLDINGS DE LLC as the owner of record of 21 West 46th Street (BBL 1012620024). 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.
21 West 46th Street last sold in January 2025 for $43 million, according to the deed recorded with the city. 21 WEST 46TH STREET LLC sold it to MARTZ HOLDINGS DE LLC. That comes to about $573 per square foot of floor area. The deed is ACRIS document 2025012600011001 (BBL 1012620024) 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.
21 West 46th Street reported an ENERGY STAR score of 84 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 84 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 47.7 kBtu per square foot, 42% below the national median of 82.9 for a similar property. Its greenhouse gas emissions were about 328 metric tons of CO2e (4.37 kg per square foot).
In the 12 months to September 2026, the Department of Buildings issued first permits for 3 jobs at 21 West 46th Street. In the last two years, interior work was permitted on one floor (floor 2 and the cellar). The newest build-out, on floor 2, was first permitted in August 2025 (construction; filed cost estimate $100,000). A sidewalk shed permit here is active until December 22, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012620024. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.5 million for 21 West 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 $813,958 a year, roughly $10.85 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012620024 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 21 West 46th Street at $20.4 million ($4.03 million of it land) and its assessed value at $9.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 38% from 2022/23 ($14.9 million) to 2026/27.
Owners registered 2 storefronts at 21 West 46th Street for December 31, 2024, the newest annual filing the city has published, and none stood 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.
No space at 21 West 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.
1,677 buildings from city records
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.