Office building with commercial space · Flatiron, Manhattan

287 Park Avenue South

New York, NY 10010

287 Park Avenue South is a 9-floor office building with commercial space in Flatiron, Manhattan, built in 1893, with about 96,000 square feet of office space according to city records.

Also at 101-109 East 22nd Street and 285-287 Park Avenue South.

Office space
96K SF
Floors
9
Year built
1893
Zoning
C6-4A

The 42nd largest of the 75 office buildings we track in Flatiron. Compare it with 6 neighbors

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Compared with its neighbors

How 287 Park Avenue South compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 287 Park Avenue South ranks 6th of 7 by office floor area. Built in 1893, it is the oldest of them. Its estimated property tax, about $16.81 a square foot of floor area before abatements, is close to the neighbors' median of $17.69.

287 Park Avenue South and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
287 Park Avenue SouthThis building96K SF91893$16.81Aug 2014, $128M
120 East 23rd Street1 min walk201K SF121913$11.56n/a
286 Park Avenue South1 min walk148K SF141911$16.56n/a
304 Park Avenue South1 min walk159K SF121930$22.65Jun 2012, $67M
115 East 23rd Street1 min walk65K SF121913$11.52n/a
315 Park Avenue South2 min walk344K SF201911$20.93Jan 2015, $354M
257 Park Avenue South2 min walk190K SF201913$18.83n/a
The 42nd largest of the 75 office buildings we track in Flatiron: see the full list

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 addresses
101-109 East 22nd Street; 285-287 Park Avenue South
ZIP code
10010
Building type
Office building with commercial space (city class O6)
Total floor area
106,453 SF
Commercial floor area
106,453 SF
Office
96,453 SF
Retail
10,000 SF
Height
9 floors
Average floor
About 11,800 SF (floor area divided by floors)
Year built
1893
Last major alteration
2017
Lot area
11,599 SF
Zoning district
C6-4A
Built FAR
9.18
Max commercial FAR
10
Tax lot (BBL)
1008780001

Nearest subway

  • 23 St-Baruch College1 min walk · Accessible station
  • 23 St4 min walk · Not accessible
  • 28 St5 min walk · Partly accessible

Nearby large buildings

All 31 large office buildings on Park Avenue South

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)

Storefronts and vacancy

Owners registered 3 storefronts at 287 Park Avenue South for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2024
3
Vacant that day
0
Share vacant across Flatiron
13.5%
Share vacant along Park Avenue South
17.3%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20191 of 2
  • 20202 of 3
  • 2021None registered
  • 2022None registered
  • 20230 of 3
  • 20240 of 3

Bars show the share of the lot's registered storefronts that stood vacant.

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

Owner, property tax and assessed value

The Department of Finance lists 287 PAS LLC as the owner of record. For tax year 2026/27 the city values 287 Park Avenue South at $36.7 million and assesses it at $16.5 million. After phase-ins and exemptions its taxable value is $16.5 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 $1.79 million a year before abatements, roughly $16.81 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
287 PAS LLC
Tax class
Class 4 (commercial and industrial)
City market value
$36,662,000
Land market value
$17,000,000
Assessed value
$16,497,900
Estimated yearly tax
About $1.79 million
Tax per SF of floor area
About $16.81

City market value by tax year

  • 2022/23$42.9 million
  • 2023/24$44.1 million
  • 2024/25$44.2 million
  • 2025/26$36.6 million
  • 2026/27$36.7 million

Market value fell 15% from 2022/23 ($42.9 million) to 2026/27.

How Flatiron compares: property tax per SF across NYC neighborhoods

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)

Sales history

287 Park Avenue South last sold in August 2014 for $128 million, according to the deed recorded with the city. THE UNITED CHARITIES sold it to SHS UPPER CITY NY III, LLC.

Last sale (deed date)
August 26, 2014
Price
$128,000,000
Seller
THE UNITED CHARITIES
Buyer
SHS UPPER CITY NY III, LLC
Deed recorded
October 10, 2014
ACRIS document
2014082800489001
All 10 building sales in Flatiron since 2016

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 Department of Buildings permits

Work permits and build-outs

In the 12 months to September 2026, the Department of Buildings issued first permits for 18 jobs at 287 Park Avenue South. In the last two years, interior work was permitted on 4 floors (floors 1 and 7 to 9, the cellar and the mezzanine). The newest build-out, on the cellar, the open space and the roof, was first permitted in August 2026 (mechanical; filed cost estimate $43,000).

New jobs, last 12 months
18
Initial permits, last 12 months
24
Newest job first permitted
August 2026
Interior build-outs, last 24 months
8
Floors with interior work, last 24 months
1 and 7 to 9, cellar, mezzanine

Recent build-outs

  • Cellar, open space, roofAugust 2026Mechanical; est. $43,000; signed off
  • Floors 8 and 9March 2026Construction, Structural; 2 jobs; est. $160,000
  • Floor 8February 2026Construction, Mechanical, Plumbing, Sprinklers; 7 jobs; est. $3.1 million
  • Floors 7 to 9December 2025Construction, Mechanical, Sprinklers, Structural; est. $50,000; signed off
  • Floor 1, cellarNovember 2025Plumbing, Sprinklers; est. $46,000; signed off
  • Floor 9, mezzanineOctober 2025Mechanical, Sprinklers; 2 jobs; est. $670,000; signed off

The newest 6 of 8 in the last 24 months.

New jobs by year

  • 20216
  • 20225
  • 20236
  • 20240
  • 20256
  • 2026 to date12

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.

Office space nearby in Flatiron

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

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Questions about 287 Park Avenue South

How big is 287 Park Avenue South?

287 Park Avenue South has about 106,000 square feet of floor area in total, including 96,000 square feet of office and 10,000 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 287 Park Avenue South built?

City records list 1893 as the year built, with a major alteration recorded in 2017. The building is 9 floors tall.

What other addresses does 287 Park Avenue South have?

City records list 101-109 East 22nd Street and 285-287 Park Avenue South on the same tax lot (BBL 1008780001) as 287 Park Avenue South. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 287 Park Avenue South?

287 Park Avenue South is in ZIP code 10010, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 287 Park Avenue South, New York, NY 10010, in Flatiron.

What is the zoning at 287 Park Avenue South?

The lot is in the C6-4A zoning district. PLUTO lists a built floor area ratio (FAR) of 9.18 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 287 Park Avenue South?

The closest subway station to 287 Park Avenue South is 23 St-Baruch College (the 6 train), about 150 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 23 St (the R and W trains), 4 min walk; 28 St (the 6 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 287 Park Avenue South?

The NYC Department of Finance's 2026/27 assessment roll lists 287 PAS LLC as the owner of record of 287 Park Avenue South (BBL 1008780001). 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 287 Park Avenue South last sold?

287 Park Avenue South last sold in August 2014 for $128 million, according to the deed recorded with the city. THE UNITED CHARITIES sold it to SHS UPPER CITY NY III, LLC. The deed is ACRIS document 2014082800489001 (BBL 1008780001) 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 287 Park Avenue South?

In the 12 months to September 2026, the Department of Buildings issued first permits for 18 jobs at 287 Park Avenue South. In the last two years, interior work was permitted on 4 floors (floors 1 and 7 to 9, the cellar and the mezzanine). The newest build-out, on the cellar, the open space and the roof, was first permitted in August 2026 (mechanical; filed cost estimate $43,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008780001. 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 287 Park Avenue South?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $16.5 million for 287 Park Avenue South. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.79 million a year, roughly $16.81 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008780001 show the actual bill.

What is the assessed value of 287 Park Avenue South?

For tax year 2026/27, the NYC Department of Finance puts the market value of 287 Park Avenue South at $36.7 million ($17 million of it land) and its assessed value at $16.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 15% from 2022/23 ($42.9 million) to 2026/27.

Are there vacant storefronts at 287 Park Avenue South?

Owners registered 3 storefronts at 287 Park Avenue South 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.

Is there office space for lease at 287 Park Avenue South?

No space at 287 Park Avenue South 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

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