Office building · Midtown, Manhattan
235 East 45th Street
New York, NY 10017
235 East 45th Street is a 16-floor office building in Midtown, Manhattan, built in 1929, with about 178,000 square feet of office space according to city records.
Also at 235-247 East 45th Street.
- Office space
- 178K SF
- Floors
- 16
- Year built
- 1929
- Zoning
- C6-4
The 172nd largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 235 East 45th Street compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 235 East 45th Street ranks 4th of 7 by office floor area. It went up in 1929; the median neighbor dates from 1942. Its estimated property tax, about $17.38 a square foot of floor area before abatements, is above the neighbors' median of $13.28.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 235 East 45th Street | 178K SF | 16 | 1929 | $17.38 |
| 227 East 45th Street | 152K SF | 16 | 1928 | $20.41 |
| 228 East 45th Street | 187K SF | 16 | 1929 | $11.64 |
| 216 East 45th Street | 148K SF | 17 | 1928 | $11.86 |
| 733 Third Avenue | 378K SF | 23 | 1960 | $14.72 |
| 711 Third Avenue | 479K SF | 19 | 1956 | $14.71 |
| 866 Second Avenue | 71K SF | 15 | 1970 | $2.22 |
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
- 235-247 East 45th Street
- ZIP code
- 10017
- Building type
- Office building (city class O3)
- Total floor area
- 200,311 SF
- Commercial floor area
- 200,311 SF
- Office
- 177,811 SF
- Height
- 16 floors
- Average floor
- About 12,500 SF (floor area divided by floors)
- Year built
- 1929
- Last major alteration
- 2012
- Lot area
- 15,062 SF
- Zoning district
- C6-4
- Built FAR
- 13.3
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1013190016
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 HEARST COMMUNICATIONS as the owner of record. For tax year 2026/27 the city values 235 East 45th Street at $74.4 million and assesses it at $33.5 million. After phase-ins and exemptions its taxable value is $32.1 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 $3.48 million a year before abatements, roughly $17.38 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
- HEARST COMMUNICATIONS
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $74,356,000
- Land market value
- $9,070,000
- Assessed value
- $33,460,200
- Taxable value (phased in)
- $32,097,106
- Estimated yearly tax
- About $3.48 million
- Tax per SF of floor area
- About $17.38
City market value by tax year
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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 235 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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
235 East 45th Street reported an ENERGY STAR score of 68 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 91.7 kBtu per square foot, 23% below the national median of 118.5 for a similar property. Its greenhouse gas emissions were about 1,922 metric tons of CO2e (9.59 kg per square foot).
- ENERGY STAR score (2024)
- 68 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 91.7 kBtu/SF
- National median for the type
- 118.5 kBtu/SF
- Greenhouse gas emissions
- 1,922 t CO2e
- Emissions per SF
- 9.59 kg CO2e
- Floor area in the filing
- 200,311 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 2026-10-16; 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, 235 East 45th Street comes to about 1,506 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,518 tons for 2024 to 2029 (99% of the limit), so it would owe no penalty. From 2030 the limit drops to 539 tons and the same energy use counts as about 929 tons, about 390 tons over, or an estimated $104,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,518 t CO2e
- Estimated emissions
- 1,506 t CO2e
- Under the limit by
- 12 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 539 t CO2e
- Estimated emissions
- 929 t CO2e
- Over the limit by
- 390 t CO2e
- Estimated penalty a year
- $104,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 200,311 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.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 235 East 45th Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 235 East 45th Street in the 12 months to October 2026; the last one was first permitted in April 2025.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- April 2025
- Interior build-outs, last 24 months
- 0
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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Next door, in the Upper East Side
783 Madison 4th Floor
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Questions about 235 East 45th Street
How big is 235 East 45th Street?
235 East 45th Street has about 200,000 square feet of floor area in total, including 178,000 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 235 East 45th Street built?
City records list 1929 as the year built, with a major alteration recorded in 2012. The building is 16 floors tall.
What other addresses does 235 East 45th Street have?
City records list 235-247 East 45th Street on the same tax lot (BBL 1013190016) as 235 East 45th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 235 East 45th Street?
235 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 235 East 45th Street, New York, NY 10017, in Midtown.
What is the zoning at 235 East 45th Street?
The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.3 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 235 East 45th Street?
The closest subway station to 235 East 45th Street is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 0.3 miles away in a straight line, roughly 5 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 235 East 45th Street?
The NYC Department of Finance's 2026/27 assessment roll lists HEARST COMMUNICATIONS as the owner of record of 235 East 45th Street (BBL 1013190016). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 235 East 45th Street?
235 East 45th Street reported an ENERGY STAR score of 68 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 68 earns a C. 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 91.7 kBtu per square foot, 23% below the national median of 118.5 for a similar property. Its greenhouse gas emissions were about 1,922 metric tons of CO2e (9.59 kg per square foot).
Does 235 East 45th Street meet Local Law 97?
At its 2024 energy use, 235 East 45th Street comes to about 1,506 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,518 tons for 2024 to 2029 (99% of the limit), so it would owe no penalty. From 2030 the limit drops to 539 tons and the same energy use counts as about 929 tons, about 390 tons over, or an estimated $104,000 a year unless the building cuts its emissions. 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.
Is there construction at 235 East 45th Street?
The Department of Buildings issued no permits for new jobs at 235 East 45th Street in the 12 months to October 2026; the last one was first permitted in April 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 1013190016. 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 235 East 45th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $32.1 million for 235 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 $3.48 million a year, roughly $17.38 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013190016 show the actual bill.
What is the assessed value of 235 East 45th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 235 East 45th Street at $74.4 million ($9.07 million of it land) and its assessed value at $33.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 17% from 2022/23 ($63.6 million) to 2026/27.
Is there office space for lease at 235 East 45th Street?
No space at 235 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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Midtown
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
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