Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
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Office building with commercial space · Midtown, Manhattan
3 West 57th Street
New York, NY 10019
3 West 57th Street is a 12-floor office building with commercial space in Midtown, Manhattan, built in 1947, with about 49,000 square feet of office space according to city records.
Also at 3-5 West 57th Street.
- Office space
- 49K SF
- Floors
- 12
- Year built
- 1947
- Zoning
- C5-3
The 318th 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 West 57th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 3 West 57th Street ranks 6th of 7 by office floor area. It went up in 1947; the median neighbor dates from 1939. Its estimated property tax, about $18.04 a square foot of floor area before abatements, is below the neighbors' median of $36.51.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 3 West 57th Street | 49K SF | 12 | 1947 | $18.04 |
| 4 West 58th Street | 55K SF | 14 | 1948 | $42.68 |
| Solow Building, 9 West 57th Street | 1.6M SF | 49 | 1971 | $30.34 |
| Heckscher Building, 724 Fifth Avenue | 41K SF | 12 | 1921 | $109.89 |
| 737 Fifth Avenue | 63K SF | 16 | 1931 | $27.86 |
| 720 Fifth Avenue | 101K SF | 15 | 1954 | $50.55 |
| 745 Fifth Avenue | 393K SF | 34 | 1930 | $26.77 |
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
- 3-5 West 57th Street
- ZIP code
- 10019
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 58,001 SF
- Commercial floor area
- 58,001 SF
- Office
- 48,829 SF
- Retail
- 5,000 SF
- Industrial and storage
- 789 SF
- Height
- 12 floors
- Average floor
- About 4,800 SF (floor area divided by floors)
- Year built
- 1947
- Last major alteration
- 2002
- Lot area
- 5,020 SF
- Zoning district
- C5-3
- Built FAR
- 11.55
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012730031
Nearest subway
- 5 Av/59 St
- 57 St
- 5 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 EL-KAM REALTY CO. as the owner of record. For tax year 2026/27 the city values 3 West 57th Street at $23.4 million and assesses it at $10.5 million. After phase-ins and exemptions its taxable value is $9.65 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 $1.05 million a year before abatements, roughly $18.04 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
- EL-KAM REALTY CO.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $23,437,000
- Land market value
- $17,445,000
- Assessed value
- $10,546,650
- Taxable value (phased in)
- $9,646,790
- Estimated yearly tax
- About $1.05 million
- Tax per SF of floor area
- About $18.04
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 3 West 57th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
3 West 57th Street reported an ENERGY STAR score of 90 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 43.8 kBtu per square foot, less than half the national median of 93.2 for a similar property. Its greenhouse gas emissions were about 215 metric tons of CO2e (3.7 kg per square foot).
- ENERGY STAR score (2024)
- 90 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 43.8 kBtu/SF
- National median for the type
- 93.2 kBtu/SF
- Greenhouse gas emissions
- 215 t CO2e
- Emissions per SF
- 3.7 kg CO2e
- Floor area in the filing
- 58,001 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, 3 West 57th Street comes to about 152 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 440 tons for 2024 to 2029 (34% of the limit), so it would owe no penalty. From 2030 the limit drops to 156 tons and the same energy use counts as about 109 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 440 t CO2e
- Estimated emissions
- 152 t CO2e
- Under the limit by
- 288 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 156 t CO2e
- Estimated emissions
- 109 t CO2e
- Under the limit by
- 47 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 58,001 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 3 West 57th 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 3 West 57th Street in the 12 months to October 2026; the last one was first permitted in August 2025.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- August 2025
- Interior build-outs, last 24 months
- 0
- Facade and sidewalk jobs, last 24 months
- 2
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 2026-10-08 (permits issued through 2026-10-06). 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 Midtown
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
What a requirement here looks like
No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 3 West 57th Street and we match it against every new one automatically.
Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
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Questions about 3 West 57th Street
How big is 3 West 57th Street?
3 West 57th Street has about 58,000 square feet of floor area in total, including 49,000 square feet of office, 5,000 square feet of retail and 1,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 3 West 57th Street built?
City records list 1947 as the year built, with a major alteration recorded in 2002. The building is 12 floors tall.
What other addresses does 3 West 57th Street have?
City records list 3-5 West 57th Street on the same tax lot (BBL 1012730031) as 3 West 57th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 3 West 57th Street?
3 West 57th Street is in ZIP code 10019, 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 West 57th Street, New York, NY 10019, in Midtown.
What is the zoning at 3 West 57th Street?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.55 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 3 West 57th Street?
The closest subway station to 3 West 57th Street is 5 Av/59 St (the N, R and W trains), about 550 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 57 St (the M train), 3 min walk; 5 Av/53 St (the E and F trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 3 West 57th Street?
The NYC Department of Finance's 2026/27 assessment roll lists EL-KAM REALTY CO. as the owner of record of 3 West 57th Street (BBL 1012730031). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 3 West 57th Street?
3 West 57th Street reported an ENERGY STAR score of 90 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 90 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 43.8 kBtu per square foot, less than half the national median of 93.2 for a similar property. Its greenhouse gas emissions were about 215 metric tons of CO2e (3.7 kg per square foot).
Does 3 West 57th Street meet Local Law 97?
At its 2024 energy use, 3 West 57th Street comes to about 152 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 440 tons for 2024 to 2029 (34% of the limit), so it would owe no penalty. From 2030 the limit drops to 156 tons and the same energy use counts as about 109 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.
Is there construction at 3 West 57th Street?
The Department of Buildings issued no permits for new jobs at 3 West 57th Street in the 12 months to October 2026; the last one was first permitted in August 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 1012730031. 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 West 57th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.65 million for 3 West 57th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.05 million a year, roughly $18.04 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012730031 show the actual bill.
What is the assessed value of 3 West 57th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 3 West 57th Street at $23.4 million ($17.4 million of it land) and its assessed value at $10.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($21.8 million) to 2026/27.
Is there office space for lease at 3 West 57th Street?
No space at 3 West 57th 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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