Commercial condominium · Murray Hill, Manhattan
300 East 42nd Street
New York, NY 10017
300 East 42nd Street is a 17-floor commercial condominium in Murray Hill, Manhattan, built in 1964, with about 177,000 square feet of office space according to city records.
Also at 301-303 East 41st Street and 768-782 Second Avenue.
- Office space
- 177K SF
- Floors
- 17
- Year built
- 1964
- Zoning
- C5-2
The 15th largest of the 27 office buildings we track in Murray Hill. Compare it with 6 neighbors
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Compared with its neighbors
How 300 East 42nd Street compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 300 East 42nd Street ranks 4th of 7 by office floor area. It went up in 1964; the median neighbor dates from 1959. Its estimated property tax, about $17.36 a square foot of floor area before abatements, is above the neighbors' median of $8.37.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 300 East 42nd Street | 177K SF | 17 | 1964 | $17.36 |
| 800 Second Avenue | 213K SF | 18 | 1957 | $7.70 |
| Daily News Building, 220 East 42nd Street | 820K SF | 37 | 1930 | $11.05 |
| Ford Foundation Building, 320 East 43rd Street | 299K SF | 11 | 1967 | Exempt |
| 801 Second Avenue | 134K SF | 22 | 1932 | $11.62 |
| 815 Second Avenue | 138K SF | 11 | 1963 | $3.45 |
| 820 Second Avenue | 122K SF | 19 | 1962 | $8.37 |
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 addresses
- 301-303 East 41st Street; 768-782 Second Avenue
- ZIP code
- 10017
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 187,963 SF
- Commercial floor area
- 187,963 SF
- Office
- 176,835 SF
- Retail
- 11,128 SF
- Height
- 17 floors
- Average floor
- About 11,100 SF (floor area divided by floors)
- Year built
- 1964
- Last major alteration
- 2025
- Lot area
- 13,800 SF
- Zoning district
- C5-2
- Built FAR
- 13.62
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1013347501
Nearest subway
- Grand Central-42 St
- 51 St
- 33 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
300 East 42nd Street is a condominium of 3 tax lots. 300 EAST HOLDINGS LLC, one of 2 owners of record on the roll, owns the units that make up 73% of its market value. For tax year 2026/27 the city values 300 East 42nd Street at $68.2 million and assesses it at $30.7 million. After phase-ins and exemptions its taxable value is $30.1 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 $3.26 million a year before abatements, roughly $17.36 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.
- Largest unit owner
- 300 EAST HOLDINGS LLC (73% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $68,156,000
- Land market value
- $17,600,000
- Assessed value
- $30,670,200
- Taxable value (phased in)
- $30,086,694
- Estimated yearly tax
- About $3.26 million
- Tax per SF of floor area
- About $17.36
- Condominium tax lots
- 3
- Owners of record
- 2
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, summed over 3 condominium tax lots; 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 300 East 42nd Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
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 7 jobs at 300 East 42nd Street. In the last two years, interior work was permitted on 18 floors (floors 1 to 18, the cellar, the ground floor and the mezzanine). The newest build-out, on floors 1, 2 and 6 to 18 and the cellar, was first permitted in September 2026 (structural; filed cost estimate $150,000). A sidewalk shed permit here is active until December 27, 2026.
- New jobs, last 12 months
- 7
- Initial permits, last 12 months
- 20
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 5
- Floors with interior work, last 24 months
- 1 to 18, cellar, ground floor, mezzanine
- Facade and sidewalk jobs, last 24 months
- 4
- Sidewalk shed permit
- Active until Dec 27, 2026
Recent build-outs
New jobs by year
Build-outs across Murray HillWhere 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 Murray Hill yet
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Before you sign
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Questions about 300 East 42nd Street
How big is 300 East 42nd Street?
300 East 42nd Street has about 188,000 square feet of floor area in total, including 177,000 square feet of office and 11,000 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 300 East 42nd Street built?
City records list 1964 as the year built, with a major alteration recorded in 2025. The building is 17 floors tall.
What other addresses does 300 East 42nd Street have?
City records list 301-303 East 41st Street and 768-782 Second Avenue on the same tax lot (BBL 1013347501) as 300 East 42nd Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 300 East 42nd Street?
300 East 42nd 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 300 East 42nd Street, New York, NY 10017, in Murray Hill.
What is the zoning at 300 East 42nd Street?
The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.62 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 300 East 42nd Street?
The closest subway station to 300 East 42nd Street is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 0.2 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), 11 min walk; 33 St (the 6 train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 300 East 42nd Street?
300 East 42nd Street is a condominium of 3 tax lots. 300 EAST HOLDINGS LLC, one of 2 owners of record on the roll, owns the units that make up 73% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1013347501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Is there construction at 300 East 42nd Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at 300 East 42nd Street. In the last two years, interior work was permitted on 18 floors (floors 1 to 18, the cellar, the ground floor and the mezzanine). The newest build-out, on floors 1, 2 and 6 to 18 and the cellar, was first permitted in September 2026 (structural; filed cost estimate $150,000). A sidewalk shed permit here is active until December 27, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1013347501. 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 300 East 42nd Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $30.1 million for 300 East 42nd Street (the sum of its 3 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.26 million a year, roughly $17.36 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013347501 show the actual bill.
What is the assessed value of 300 East 42nd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 300 East 42nd Street at $68.2 million ($17.6 million of it land) and its assessed value at $30.7 million, the 45% of market value the city assesses for Class 4 property.
Is there office space for lease at 300 East 42nd Street?
No space at 300 East 42nd 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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Murray Hill
Transit hubs in Murray Hill
- 6 at 33 St
- 4 5 6 7 S at Grand Central