Office building with commercial space · Tribeca, Manhattan
Mutual Reserve Fund Life Association Building
305 Broadway, New York, NY 10007
The Mutual Reserve Fund Life Association Building (305 Broadway) is a 14-floor office building with commercial space in Tribeca, Manhattan, built in 1894, with about 122,000 square feet of office space according to city records.
Also at 305-309 Broadway and 91-99 Duane Street.
- Office space
- 122K SF
- Floors
- 14
- Year built
- 1894
- Zoning
- C6-4A
The 25th largest of the 36 office buildings we track in Tribeca. Compare it with 6 neighbors
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Compared with its neighbors
How the Mutual Reserve Fund Life Association Building compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, the Mutual Reserve Fund Life Association Building ranks 6th of 7 by office floor area. It went up in 1894; the median neighbor dates from 1932. Its estimated property tax, about $7.75 a square foot of floor area before abatements, is below the neighbors' median of $9.35.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| Mutual Reserve Fund Life Association Building, 305 Broadway | 122K SF | 14 | 1894 | $7.75 |
| 299 Broadway | 242K SF | 18 | 1910 | $9.35 |
| 291 Broadway | 123K SF | 19 | 1911 | $8.99 |
| Jacob K. Javits Federal Building, 306 Broadway | 906K SF | 41 | 1977 | Exempt |
| 325 Broadway | 40K SF | 5 | 1864 | $11.71 |
| Foley Square Federal Building, 290 Broadway | 1.0M SF | 32 | 1994 | Exempt |
| 117 Duane Street | 310K SF | 15 | 1954 | Exempt |
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
- Building name
- Mutual Reserve Fund Life Association Building
- Other addresses
- 305-309 Broadway; 91-99 Duane Street
- ZIP code
- 10007
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 132,600 SF
- Commercial floor area
- 132,600 SF
- Office
- 122,400 SF
- Retail
- 10,200 SF
- Height
- 14 floors
- Average floor
- About 9,500 SF (floor area divided by floors)
- Year built
- 1894
- Lot area
- 9,300 SF
- Zoning district
- C6-4A
- Built FAR
- 14.26
- Max commercial FAR
- 10
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 1001510032
Nearest subway
- City Hall
- Chambers St
- Brooklyn Bridge-City Hall
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at the Mutual Reserve Fund Life Association Building for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2025
- 1
- Vacant that day
- 0
- Share vacant across Tribeca
- 13.4%
- Share vacant along Broadway
- 12.0%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Tribeca? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 READE BROADWAY ASSOC. as the owner of record. For tax year 2026/27 the city values the Mutual Reserve Fund Life Association Building at $22.5 million and assesses it at $10.1 million. After phase-ins and exemptions its taxable value is $9.47 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 $1.03 million a year before abatements, roughly $7.75 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
- READE BROADWAY ASSOC.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $22,495,000
- Land market value
- $4,340,000
- Assessed value
- $10,122,750
- Taxable value (phased in)
- $9,467,210
- Estimated yearly tax
- About $1.03 million
- Tax per SF of floor area
- About $7.75
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.
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NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
The Mutual Reserve Fund Life Association Building reported an ENERGY STAR score of 64 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 63.8 kBtu per square foot, 18% below the national median of 77.5 for a similar property. Its greenhouse gas emissions were about 811 metric tons of CO2e (6.11 kg per square foot).
- ENERGY STAR score (2024)
- 64 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 63.8 kBtu/SF
- National median for the type
- 77.5 kBtu/SF
- Greenhouse gas emissions
- 811 t CO2e
- Emissions per SF
- 6.11 kg CO2e
- Floor area in the filing
- 132,600 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, the Mutual Reserve Fund Life Association Building comes to about 675 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 992 tons for 2024 to 2029 (68% of the limit), so it would owe no penalty. From 2030 the limit drops to 373 tons and the same energy use counts as about 487 tons, about 114 tons over, or an estimated $31,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 992 t CO2e
- Estimated emissions
- 675 t CO2e
- Under the limit by
- 317 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 373 t CO2e
- Estimated emissions
- 487 t CO2e
- Over the limit by
- 114 t CO2e
- Estimated penalty a year
- $31,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Personal Services (Health/Beauty, Dry Cleaning, etc.) 7,345 SF; Office 125,255 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 305 Broadway? List a space here free and we match it against every active requirement.
Landmarks Preservation Commission records
Architecture and history
The Mutual Reserve Fund Life Association Building was designed by William H. Hume (architect), Richard Deeves (bldr) and built in 1892-1894 in the Richardsonian Romanesque Revival style. The Landmarks Preservation Commission designated it a New York City landmark on December 20, 2011.
- Architect
- William H. Hume (architect), Richard Deeves (bldr)
- Constructed
- 1892-1894
- Style
- Richardsonian Romanesque Revival
- Primary material
- Granite
- Built as
- Office building
- Also known as
- Langdon Building
- City landmark
- Mutual Reserve Fund Life Association Building: individual landmark, designated December 20, 2011 (LP-02431)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
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Before you sign
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Questions about Mutual Reserve Fund Life Association Building
How big is the Mutual Reserve Fund Life Association Building?
The Mutual Reserve Fund Life Association Building has about 133,000 square feet of floor area in total, including 122,000 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 the Mutual Reserve Fund Life Association Building built?
The Landmarks Preservation Commission's building records date the Mutual Reserve Fund Life Association Building to 1892-1894, designed by William H. Hume (architect), Richard Deeves (bldr). The building is 14 floors tall.
Who designed the Mutual Reserve Fund Life Association Building?
William H. Hume (architect), Richard Deeves (bldr), according to the Landmarks Preservation Commission's building records, which list the style as Richardsonian Romanesque Revival and its original use as an office building.
Is the Mutual Reserve Fund Life Association Building a New York City landmark?
Yes. The Landmarks Preservation Commission designated the Mutual Reserve Fund Life Association Building an individual landmark on December 20, 2011 (LP-02431). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of the Mutual Reserve Fund Life Association Building?
The Mutual Reserve Fund Life Association Building is at 305 Broadway in Tribeca, Manhattan. City records list 305-309 Broadway and 91-99 Duane Street on the same tax lot (BBL 1001510032). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 305 Broadway?
305 Broadway is in ZIP code 10007, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Mutual Reserve Fund Life Association Building is at 305 Broadway, New York, NY 10007, in Tribeca.
What is the zoning at the Mutual Reserve Fund Life Association Building?
The lot is in the C6-4A zoning district. PLUTO lists a built floor area ratio (FAR) of 14.26 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to the Mutual Reserve Fund Life Association Building?
The closest subway station to the Mutual Reserve Fund Life Association Building is City Hall (the R and W trains), about 900 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Chambers St (the A, C, 2, 3, E, R and W trains, connected to Cortlandt St and World Trade Center and Park Place), 4 min walk; Brooklyn Bridge-City Hall (the 4, 5, 6, J and Z trains, connected to Chambers St), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns the Mutual Reserve Fund Life Association Building?
The NYC Department of Finance's 2026/27 assessment roll lists READE BROADWAY ASSOC. as the owner of record of the Mutual Reserve Fund Life Association Building (BBL 1001510032). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of the Mutual Reserve Fund Life Association Building?
The Mutual Reserve Fund Life Association Building reported an ENERGY STAR score of 64 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 64 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 63.8 kBtu per square foot, 18% below the national median of 77.5 for a similar property. Its greenhouse gas emissions were about 811 metric tons of CO2e (6.11 kg per square foot).
Does the Mutual Reserve Fund Life Association Building meet Local Law 97?
At its 2024 energy use, the Mutual Reserve Fund Life Association Building comes to about 675 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 992 tons for 2024 to 2029 (68% of the limit), so it would owe no penalty. From 2030 the limit drops to 373 tons and the same energy use counts as about 487 tons, about 114 tons over, or an estimated $31,000 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.
What are the property taxes at the Mutual Reserve Fund Life Association Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.47 million for the Mutual Reserve Fund Life Association Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.03 million a year, roughly $7.75 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1001510032 show the actual bill.
What is the assessed value of the Mutual Reserve Fund Life Association Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Mutual Reserve Fund Life Association Building at $22.5 million ($4.34 million of it land) and its assessed value at $10.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($20.8 million) to 2026/27.
Are there vacant storefronts at the Mutual Reserve Fund Life Association Building?
Owners registered one storefront at the Mutual Reserve Fund Life Association Building for December 31, 2025, the newest annual filing the city has published, and it was not 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 the Mutual Reserve Fund Life Association Building?
No space at 305 Broadway 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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