Office building with commercial space · Midtown, Manhattan
216 East 45th Street
New York, NY 10017
216 East 45th Street is a 17-floor office building with commercial space in Midtown, Manhattan, built in 1928, with about 148,000 square feet of office space according to city records.
Also at 216-226 East 45th Street.
- Office space
- 148K SF
- Floors
- 17
- Year built
- 1928
- Zoning
- C6-4
The 187th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 216 East 45th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 216 East 45th Street is the smallest by office floor area. It went up in 1928; the median neighbor dates from 1929. Its estimated property tax, about $11.86 a square foot of floor area before abatements, is below the neighbors' median of $14.71.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 216 East 45th Street | 148K SF | 17 | 1928 | $11.86 |
| 228 East 45th Street | 187K SF | 16 | 1929 | $11.64 |
| 227 East 45th Street | 152K SF | 16 | 1928 | $20.41 |
| 711 Third Avenue | 479K SF | 19 | 1956 | $14.71 |
| 235 East 45th Street | 178K SF | 16 | 1929 | $17.38 |
| 733 Third Avenue | 378K SF | 23 | 1960 | $14.72 |
| 211 East 43rd Street | 160K SF | 24 | 1928 | $13.89 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 216-226 East 45th Street
- ZIP code
- 10017
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 156,626 SF
- Commercial floor area
- 156,626 SF
- Office
- 147,626 SF
- Retail
- 9,000 SF
- Height
- 17 floors
- Average floor
- About 9,200 SF (floor area divided by floors)
- Year built
- 1928
- Last major alteration
- 2004
- Lot area
- 12,853 SF
- Zoning district
- C6-4
- Built FAR
- 12.19
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1013180038
Nearest subway
- Grand Central-42 St
- 51 St
- 5 Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 216 WATERMARK HOLDINGS LLC as the owner of record. For tax year 2026/27 the city values 216 East 45th Street at $42.1 million and assesses it at $19 million. After phase-ins and exemptions its taxable value is $17.1 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 $1.86 million a year before abatements, roughly $11.86 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
- 216 WATERMARK HOLDINGS LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $42,116,000
- Land market value
- $7,750,000
- Assessed value
- $18,952,200
- Taxable value (phased in)
- $17,128,530
- Estimated yearly tax
- About $1.86 million
- Tax per SF of floor area
- About $11.86
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: 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 2026-10-16; 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.
Own or manage 216 East 45th Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
216 East 45th Street last sold in June 2008 for $60 million, according to the deed recorded with the city. THE JANCO REAL ESTATE COMPANY, LLC sold it to 216 WATERMARK HOLDINGS LLC. That comes to about $383 per square foot of floor area.
- Last sale (deed date)
- June 11, 2008
- Price
- $60,000,000
- Price per SF of floor area
- About $383
- Seller
- THE JANCO REAL ESTATE COMPANY, LLC
- Buyer
- 216 WATERMARK HOLDINGS LLC
- Deed recorded
- June 24, 2008
- ACRIS document
- 2008061800594001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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 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 216 East 45th Street. In the last two years, interior work was permitted on 3 floors (floors 2, 9 and 10, the lobby and the mezzanine). The newest build-out, on floor 9, was first permitted in March 2026 (construction, plumbing; filed cost estimate $75,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 2
- Newest job first permitted
- March 2026
- Interior build-outs, last 24 months
- 4
- Floors with interior work, last 24 months
- 2, 9 and 10, lobby, mezzanine
Recent build-outs
New jobs by year
Build-outs across MidtownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.
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Real space close by
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Next door, in the Upper East Side
783 Madison 4th Floor
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Questions about 216 East 45th Street
How big is 216 East 45th Street?
216 East 45th Street has about 157,000 square feet of floor area in total, including 148,000 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 216 East 45th Street built?
City records list 1928 as the year built, with a major alteration recorded in 2004. The building is 17 floors tall.
What other addresses does 216 East 45th Street have?
City records list 216-226 East 45th Street on the same tax lot (BBL 1013180038) as 216 East 45th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 216 East 45th Street?
216 East 45th 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 216 East 45th Street, New York, NY 10017, in Midtown.
What is the zoning at 216 East 45th Street?
The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.19 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 216 East 45th Street?
The closest subway station to 216 East 45th Street is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 51 St (the 6, E and F trains, connected to Lexington Av/53 St), 7 min walk; 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 216 East 45th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 216 WATERMARK HOLDINGS LLC as the owner of record of 216 East 45th Street (BBL 1013180038). 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.
When was 216 East 45th Street last sold?
216 East 45th Street last sold in June 2008 for $60 million, according to the deed recorded with the city. THE JANCO REAL ESTATE COMPANY, LLC sold it to 216 WATERMARK HOLDINGS LLC. That comes to about $383 per square foot of floor area. The deed is ACRIS document 2008061800594001 (BBL 1013180038) 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.
Is there construction at 216 East 45th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 216 East 45th Street. In the last two years, interior work was permitted on 3 floors (floors 2, 9 and 10, the lobby and the mezzanine). The newest build-out, on floor 9, was first permitted in March 2026 (construction, plumbing; filed cost estimate $75,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1013180038. 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 216 East 45th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $17.1 million for 216 East 45th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.86 million a year, roughly $11.86 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013180038 show the actual bill.
What is the assessed value of 216 East 45th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 216 East 45th Street at $42.1 million ($7.75 million of it land) and its assessed value at $19 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 22% from 2022/23 ($34.6 million) to 2026/27.
Is there office space for lease at 216 East 45th Street?
No space at 216 East 45th Street is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). 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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Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
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