Retail building · Upper East Side, Manhattan
232 East 59th Street
New York, NY 10022
232 East 59th Street is a 6-floor retail building in the Upper East Side, Manhattan, built in 1926, with about 47,000 square feet of retail space according to city records.
Also at 232-236 East 59th Street.
- Retail space
- 47K SF
- Floors
- 6
- Year built
- 1926
- Zoning
- R8B
The 2nd largest of the 4 retail buildings we track in the Upper East Side. Compare it with 6 neighbors
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Compared with its neighbors
How 232 East 59th Street compares
Next to the 6 nearest large retail buildings, all within a 10 minute walk, 232 East 59th Street ranks 4th of 7 by retail floor area. It went up in 1926; the median neighbor dates from 1930. Its estimated property tax, about $17.25 a square foot of floor area before abatements, is below the neighbors' median of $53.80.
| Building | Retail space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 232 East 59th Street | 47K SF | 6 | 1926 | $17.25 | Oct 2017, $60M |
| 743 Lexington Avenue | 839K SF | 12 | 1868 | $12.96 | n/a |
| 325 East 60th Street | 86K SF | 5 | 1979 | $14.00 | n/a |
| 15 East 57th Street | 36K SF | 16 | 1996 | $37.94 | Jun 2018, $81.5M |
| 706 Madison Avenue | 39K SF | 5 | 1921 | $75.36 | Nov 2012, $142M (2 lots) |
| 731 Fifth Avenue | 90K SF | 10 | 1940 | $101.13 | Feb 2017, $132M |
| 740 Madison Avenue | 36K SF | 6 | 1920 | $69.65 | Oct 2014, $16.9M |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 232-236 East 59th Street
- ZIP code
- 10022
- Building type
- Retail building (city class K2)
- Total floor area
- 46,510 SF
- Commercial floor area
- 46,510 SF
- Retail
- 46,510 SF
- Height
- 6 floors
- Average floor
- About 7,800 SF (floor area divided by floors)
- Year built
- 1926
- Last major alteration
- 2015
- Lot area
- 7,531 SF
- Zoning district
- R8B
- Built FAR
- 6.18
- Tax lot (BBL)
- 1013320031
Nearest subway
- Lexington Av/59 St
- Lexington Av/63 St
- Lexington Av/53 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 232 EAST 59 ST OWNER LLC as the owner of record. For tax year 2026/27 the city values 232 East 59th Street at $18.9 million and assesses it at $8.52 million. After phase-ins and exemptions its taxable value is $7.4 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 $802,347 a year before abatements, roughly $17.25 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
- 232 EAST 59 ST OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $18,936,000
- Land market value
- $4,000,000
- Assessed value
- $8,521,200
- Taxable value (phased in)
- $7,396,270
- Estimated yearly tax
- About $802,347
- Tax per SF of floor area
- About $17.25
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 2026-10-08; 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 232 East 59th Street? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
232 East 59th Street last sold in October 2017 for $60 million, according to the deed recorded with the city. FINE ARTS NY LLC sold it to 232 EAST 59 ST OWNER LLC. That comes to about $1,290 per square foot of floor area.
- Last sale (deed date)
- October 17, 2017
- Price
- $60,000,000
- Price per SF of floor area
- About $1,290
- Seller
- FINE ARTS NY LLC
- Buyer
- 232 EAST 59 ST OWNER LLC
- Deed recorded
- October 23, 2017
- ACRIS document
- 2017101800535001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; 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)
Energy score, grade and emissions
232 East 59th Street reported an ENERGY STAR score of 97 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 16.8 kBtu per square foot, less than half the national median of 50.9 for a similar property. Its greenhouse gas emissions were about 81.6 metric tons of CO2e (1.93 kg per square foot).
- ENERGY STAR score (2024)
- 97 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 16.8 kBtu/SF
- National median for the type
- 50.9 kBtu/SF
- Greenhouse gas emissions
- 81.6 t CO2e
- Emissions per SF
- 1.93 kg CO2e
- Floor area in the filing
- 42,176 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 2026-10-08; 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 232 East 59th Street comes to about 60 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 320 tons for 2024 to 2029 (19% of the limit), so it would owe no penalty. From 2030 the limit drops to 113 tons and the same energy use counts as about 30 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 320 t CO2e
- Estimated emissions
- 60 t CO2e
- Under the limit by
- 260 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 113 t CO2e
- Estimated emissions
- 30 t CO2e
- Under the limit by
- 83 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 42,176 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 232 East 59th Street? List a space here free and we match it against every active requirement.
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Questions about 232 East 59th Street
How big is 232 East 59th Street?
232 East 59th Street has about 47,000 square feet of floor area in total, including 47,000 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 232 East 59th Street built?
City records list 1926 as the year built, with a major alteration recorded in 2015. The building is 6 floors tall.
What other addresses does 232 East 59th Street have?
City records list 232-236 East 59th Street on the same tax lot (BBL 1013320031) as 232 East 59th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 232 East 59th Street?
232 East 59th Street is in ZIP code 10022, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 232 East 59th Street, New York, NY 10022, in the Upper East Side.
What is the zoning at 232 East 59th Street?
The lot is in the R8B zoning district. PLUTO lists a built floor area ratio (FAR) of 6.18 for this lot.
What subway station is closest to 232 East 59th Street?
The closest subway station to 232 East 59th Street is Lexington Av/59 St (the N, R, W, 4, 5 and 6 trains, connected to 59 St), about 900 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Lexington Av/63 St (the M and Q trains), 5 min walk; Lexington Av/53 St (the E, F and 6 trains, connected to 51 St), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 232 East 59th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 232 EAST 59 ST OWNER LLC as the owner of record of 232 East 59th Street (BBL 1013320031). 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 232 East 59th Street last sold?
232 East 59th Street last sold in October 2017 for $60 million, according to the deed recorded with the city. FINE ARTS NY LLC sold it to 232 EAST 59 ST OWNER LLC. That comes to about $1,290 per square foot of floor area. The deed is ACRIS document 2017101800535001 (BBL 1013320031) 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.
What is the energy grade of 232 East 59th Street?
232 East 59th Street reported an ENERGY STAR score of 97 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 97 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 16.8 kBtu per square foot, less than half the national median of 50.9 for a similar property. Its greenhouse gas emissions were about 81.6 metric tons of CO2e (1.93 kg per square foot).
Does 232 East 59th Street meet Local Law 97?
At its 2024 energy use, 232 East 59th Street comes to about 60 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 320 tons for 2024 to 2029 (19% of the limit), so it would owe no penalty. From 2030 the limit drops to 113 tons and the same energy use counts as about 30 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
What are the property taxes at 232 East 59th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.4 million for 232 East 59th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $802,347 a year, roughly $17.25 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013320031 show the actual bill.
What is the assessed value of 232 East 59th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 232 East 59th Street at $18.9 million ($4 million of it land) and its assessed value at $8.52 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 31% from 2022/23 ($14.5 million) to 2026/27.
Is there retail space for lease at 232 East 59th Street?
No space at 232 East 59th 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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