Office building with commercial space · Midtown, Manhattan
3 East 54th Street
New York, NY 10022
3 East 54th Street is a 19-floor office building with commercial space in Midtown, Manhattan, built in 1955, with about 207,000 square feet of office space according to city records.
Also at 3-17 East 54th Street.
- Office space
- 207K SF
- Floors
- 19
- Year built
- 1955
- Zoning
- C5-2.5
The 162nd largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 3 East 54th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 3 East 54th Street ranks 4th of 7 by office floor area. It went up in 1955; the median neighbor dates from 1949. Its estimated property tax, about $14.06 a square foot of floor area before abatements, is below the neighbors' median of $46.44.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 3 East 54th Street | 207K SF | 19 | 1955 | $14.06 | Jan 2026, $141M |
| Aeolian Building, 689 Fifth Avenue | 81K SF | 14 | 1927 | $49.60 | n/a |
| 693 Fifth Avenue | 81K SF | 20 | 1991 | $43.27 | Jun 2016, $455M |
| 540 Madison Avenue | 264K SF | 37 | 1971 | $25.23 | Jun 2019, $310M |
| 512 Madison Avenue | 992K SF | 43 | 1982 | $30.26 | n/a |
| 681 Fifth Avenue | 37K SF | 12 | 1913 | $96.55 | Dec 2005, $86M |
| 711 Fifth Avenue | 262K SF | 18 | 1927 | $64.72 | Aug 2019, $909M |
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
- 3-17 East 54th Street
- ZIP code
- 10022
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 283,465 SF
- Commercial floor area
- 283,465 SF
- Office
- 206,992 SF
- Retail
- 15,273 SF
- Height
- 19 floors
- Average floor
- About 14,900 SF (floor area divided by floors)
- Year built
- 1955
- Last major alteration
- 2025
- Lot area
- 18,409 SF
- Zoning district
- C5-2.5
- Built FAR
- 15.4
- Max commercial FAR
- 12
- Tax lot (BBL)
- 1012900006
Nearest subway
- 5 Av/53 St
- 57 St
- 5 Av/59 St
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 EAST 54TH STREET NY PROPERTY LLC as the owner of record. For tax year 2026/27 the city values 3 East 54th Street at $88.4 million and assesses it at $39.8 million. After phase-ins and exemptions its taxable value is $36.7 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 $3.98 million a year before abatements, roughly $14.06 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
- EAST 54TH STREET NY PROPERTY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $88,395,000
- Land market value
- $21,800,000
- Assessed value
- $39,777,750
- Taxable value (phased in)
- $36,727,740
- Estimated yearly tax
- About $3.98 million
- Tax per SF of floor area
- About $14.06
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 3 East 54th 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
3 East 54th Street last sold in January 2026 for $141 million, according to the deed recorded with the city. 3 EAST 54TH NEW YORK LLC sold it to EAST 54TH STREET NY PROPERTY LLC. That comes to about $497 per square foot of floor area.
- Last sale (deed date)
- January 7, 2026
- Price
- $141,000,000
- Price per SF of floor area
- About $497
- Seller
- 3 EAST 54TH NEW YORK LLC
- Buyer
- EAST 54TH STREET NY PROPERTY LLC
- Deed recorded
- January 13, 2026
- ACRIS document
- 2026010900880001
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 9 jobs at 3 East 54th Street. In the last two years, interior work was permitted on 19 floors (floors 1 to 19 and the cellar). The newest build-out, on floors 1 to 3, was first permitted in June 2026 (construction; filed cost estimate $20,000). A sidewalk shed permit here is active until November 2, 2026.
- New jobs, last 12 months
- 9
- Initial permits, last 12 months
- 16
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 1 to 19, cellar
- Facade and sidewalk jobs, last 24 months
- 6
- Sidewalk shed permit
- Active until Nov 2, 2026
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.
No office space listed in Midtown yet
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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 3 East 54th Street
How big is 3 East 54th Street?
3 East 54th Street has about 283,000 square feet of floor area in total, including 207,000 square feet of office and 15,000 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 3 East 54th Street built?
City records list 1955 as the year built, with a major alteration recorded in 2025. The building is 19 floors tall.
What other addresses does 3 East 54th Street have?
City records list 3-17 East 54th Street on the same tax lot (BBL 1012900006) as 3 East 54th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 3 East 54th Street?
3 East 54th 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 3 East 54th Street, New York, NY 10022, in Midtown.
What is the zoning at 3 East 54th Street?
The lot is in the C5-2.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 15.4 and a maximum commercial FAR of 12 for this lot.
What subway station is closest to 3 East 54th Street?
The closest subway station to 3 East 54th Street is 5 Av/53 St (the E and F trains), about 350 feet away in a straight line, roughly 1 minute on foot. Also nearby: 57 St (the M train), 5 min walk; 5 Av/59 St (the N, R and W trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 3 East 54th Street?
The NYC Department of Finance's 2026/27 assessment roll lists EAST 54TH STREET NY PROPERTY LLC as the owner of record of 3 East 54th Street (BBL 1012900006). 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 3 East 54th Street last sold?
3 East 54th Street last sold in January 2026 for $141 million, according to the deed recorded with the city. 3 EAST 54TH NEW YORK LLC sold it to EAST 54TH STREET NY PROPERTY LLC. That comes to about $497 per square foot of floor area. The deed is ACRIS document 2026010900880001 (BBL 1012900006) 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 3 East 54th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 9 jobs at 3 East 54th Street. In the last two years, interior work was permitted on 19 floors (floors 1 to 19 and the cellar). The newest build-out, on floors 1 to 3, was first permitted in June 2026 (construction; filed cost estimate $20,000). A sidewalk shed permit here is active until November 2, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012900006. 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 3 East 54th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $36.7 million for 3 East 54th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.98 million a year, roughly $14.06 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012900006 show the actual bill.
What is the assessed value of 3 East 54th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 3 East 54th Street at $88.4 million ($21.8 million of it land) and its assessed value at $39.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 17% from 2022/23 ($75.8 million) to 2026/27.
Is there office space for lease at 3 East 54th Street?
No space at 3 East 54th 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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