Office building · Midtown, Manhattan

320 Park Avenue

New York, NY 10022

320 Park Avenue is a 33-floor office building in Midtown, Manhattan, built in 1994, with about 638,000 square feet of office space according to city records.

Also at 39-51 East 50th Street, 38-50 East 51st Street and 320-336 Park Avenue.

Office space
638K SF
Floors
33
Year built
1994
Zoning
C5-3

Office space next to its nearest neighbors

  1. 320 Park AvenueThis building638K SF
  2. 300 Park Avenue1 min walk613K SF
  3. 350 Park Avenue1 min walk518K SF
  4. 34 East 51st Street1 min walk66K SF

The 57th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How 320 Park Avenue compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 320 Park Avenue ranks 2nd of 7 by office floor area. It went up in 1994; the median neighbor dates from 1964. Its estimated property tax, about $22.42 a square foot of floor area before abatements, is close to the neighbors' median of $21.52.

320 Park Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
320 Park AvenueThis building638K SF331994$22.42
34 East 51st Street1 min walk66K SF212013$14.41
300 Park Avenue1 min walk613K SF251954$29.12
350 Park Avenue1 min walk518K SF311961$29.50
41 East 51st Street1 min walk352K SF231986$21.94
477 Madison Avenue1 min walk251K SF231954$21.10
437 Madison Avenue1 min walk789K SF391967$18.60
The 57th largest of the 351 office buildings we track in Midtown: 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). 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
39-51 East 50th Street; 38-50 East 51st Street; 320-336 Park Avenue
ZIP code
10022
Building type
Office building (city class O4)
Total floor area
656,436 SF
Commercial floor area
656,436 SF
Office
637,777 SF
Retail
18,639 SF
Industrial and storage
10 SF
Height
33 floors
Average floor
About 19,900 SF (floor area divided by floors)
Year built
1994
Lot area
30,625 SF
Zoning district
C5-3
Built FAR
21.43
Max commercial FAR
15
Tax lot (BBL)
1012860035

Nearest subway

  • 51 St3 min walk · Accessible station · connects to Lexington Av/53 St
  • 5 Av/53 St4 min walk · Not accessible
  • 47-50 Sts-Rockefeller Ctr8 min walk · Accessible station

Nearby large buildings

All 36 large office buildings on Park Avenue

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 5 storefronts at 320 Park Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 1 of 5 stood vacant.

Storefronts registered for December 31, 2025
5
Vacant that day
0
Share vacant here
0.0%
Share vacant across Midtown
14.3%
Share vacant along Park Avenue
11.5%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20190 of 8
  • 20200 of 7
  • 20211 of 6
  • 20220 of 6
  • 20230 of 6
  • 20241 of 5
  • 20250 of 5

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 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 320 PARK AVENUE LLC as the owner of record. For tax year 2026/27 the city values 320 Park Avenue at $307.7 million and assesses it at $138.5 million. After phase-ins and exemptions its taxable value is $135.7 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 $14.7 million a year before abatements, roughly $22.42 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
320 PARK AVENUE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$307,701,000
Land market value
$60,000,000
Assessed value
$138,465,450
Taxable value (phased in)
$135,683,250
Estimated yearly tax
About $14.7 million
Tax per SF of floor area
About $22.42

City market value by tax year

  • 2022/23$348.9 million
  • 2023/24$322.9 million
  • 2024/25$298.9 million
  • 2025/26$303.2 million
  • 2026/27$307.7 million

Market value fell 12% from 2022/23 ($348.9 million) to 2026/27.

How Midtown compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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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SEC filings (EDGAR)

Companies with offices here

4 public companies and 7 investment managers and funds give 320 Park Avenue as their office address in SEC filings.

Public companies

Principal executive office on their latest 10-K or 10-Q

  • CURBLINE PROPERTIES CORP. (CURB)10-Q, Jul 2026
  • EXLSERVICE HOLDINGS, INC. (EXLS)10-Q, Jul 2026
  • LADDER CAPITAL CORP (LADR)10-Q, Jul 2026
  • AUDAX PRIVATE CREDIT FUND, LLC10-Q, Aug 2026

Investment managers and funds

Office address on their latest 13F holdings report

  • Knighthead Capital Management, LLC13F, Aug 2026
  • MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC13F, Aug 2026
  • PZENA INVESTMENT MANAGEMENT LLC13F, Aug 2026
  • STONEHILL CAPITAL MANAGEMENT LLC13F, Aug 2026
  • Knighthead GP, LLC13F, Aug 2026
  • Knighthead Opportunities Capital Management, LLC13F, Aug 2026
  • MUTUAL OF AMERICA LIFE INSURANCE CO13F, Aug 2026

Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.

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NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

320 Park Avenue reported an ENERGY STAR score of 74 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 61.3 kBtu per square foot, 30% below the national median of 87.6 for a similar property. Its greenhouse gas emissions were about 4,383 metric tons of CO2e (6.07 kg per square foot).

ENERGY STAR score (2024)
74 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Financial Office
Site energy use intensity
61.3 kBtu/SF
National median for the type
87.6 kBtu/SF
Greenhouse gas emissions
4,383 t CO2e
Emissions per SF
6.07 kg CO2e
Floor area in the filing
721,979 SF
ENERGY STAR certified
2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

ENERGY STAR score by year

  • 202273 (B)
  • 202373 (B)
  • 202474 (B)

Energy sources in 2024

  • Electricity67%
  • District steam33%

Share of the energy used on site, as filed.

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, 320 Park Avenue comes to about 3,168 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 6,135 tons for 2024 to 2029 (52% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,686 tons and the same energy use counts as about 1,890 tons, still under the limit.

Period
2024 to 2029
Emissions limit
6,135 t CO2e
Estimated emissions
3,168 t CO2e
Under the limit by
2,967 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
2,686 t CO2e
Estimated emissions
1,890 t CO2e
Under the limit by
796 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: Data Center 1,392 SF; Financial Office 716,348 SF; Bank Branch 4,239 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.

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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 20 jobs at 320 Park Avenue. In the last two years, interior work was permitted on 11 floors (floors 1 to 3, 16, 17, 20 to 22, 27, 29 and 33 and the ground floor). The newest build-out, on floor 1, was first permitted in October 2026 (construction; filed cost estimate $485,000).

New jobs, last 12 months
20
Initial permits, last 12 months
30
Newest job first permitted
October 2026
Interior build-outs, last 24 months
15
Floors with interior work, last 24 months
1 to 3, 16, 17, 20 to 22, 27, 29 and 33, ground floor
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floor 1October 2026Construction; est. $485,000
  • Floor 22September 2026Construction, Mechanical, Plumbing, Sprinklers, Structural; 4 jobs; est. $2.7 million
  • Floor 3June 2026Construction, Mechanical, Plumbing, Sprinklers; 3 jobs; est. $8 million
  • Floor 22March 2026Construction, Mechanical, Plumbing, Sprinklers; 6 jobs; est. $991,000
  • Floor 33January 2026Construction; est. $15,000; signed off
  • Floor 20January 2026Construction, Mechanical, Plumbing, Sprinklers; 5 jobs; est. $3.5 million

The newest 6 of 15 in the last 24 months.

New jobs by year

  • 202123
  • 202232
  • 202323
  • 202421
  • 202526
  • 2026 to date20

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.

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Questions about 320 Park Avenue

How big is 320 Park Avenue?

320 Park Avenue has about 656,000 square feet of floor area in total, including 638,000 square feet of office, 19,000 square feet of retail and 0 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 320 Park Avenue built?

City records list 1994 as the year built. The building is 33 floors tall.

What other addresses does 320 Park Avenue have?

City records list 39-51 East 50th Street, 38-50 East 51st Street and 320-336 Park Avenue on the same tax lot (BBL 1012860035) as 320 Park Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 320 Park Avenue?

320 Park Avenue 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 320 Park Avenue, New York, NY 10022, in Midtown.

What is the zoning at 320 Park Avenue?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 21.43 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 320 Park Avenue?

The closest subway station to 320 Park Avenue is 51 St (the 6, E and F trains, connected to Lexington Av/53 St), about 650 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av/53 St (the E and F trains), 4 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 320 Park Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 320 PARK AVENUE LLC as the owner of record of 320 Park Avenue (BBL 1012860035). 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.

Who are the tenants at 320 Park Avenue?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 320 Park Avenue. 4 public companies report the address as their principal executive office: CURBLINE PROPERTIES CORP. (CURB); EXLSERVICE HOLDINGS, INC. (EXLS); LADDER CAPITAL CORP (LADR); and AUDAX PRIVATE CREDIT FUND, LLC. 7 investment managers and funds file 13F holdings reports from the address, including Knighthead Capital Management, LLC; MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC; and PZENA INVESTMENT MANAGEMENT LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.

What is the energy grade of 320 Park Avenue?

320 Park Avenue reported an ENERGY STAR score of 74 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 74 earns a B. 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 61.3 kBtu per square foot, 30% below the national median of 87.6 for a similar property. Its greenhouse gas emissions were about 4,383 metric tons of CO2e (6.07 kg per square foot).

Does 320 Park Avenue meet Local Law 97?

At its 2024 energy use, 320 Park Avenue comes to about 3,168 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 6,135 tons for 2024 to 2029 (52% of the limit), so it would owe no penalty. From 2030 the limit drops to 2,686 tons and the same energy use counts as about 1,890 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 320 Park Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 20 jobs at 320 Park Avenue. In the last two years, interior work was permitted on 11 floors (floors 1 to 3, 16, 17, 20 to 22, 27, 29 and 33 and the ground floor). The newest build-out, on floor 1, was first permitted in October 2026 (construction; filed cost estimate $485,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012860035. 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 320 Park Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $135.7 million for 320 Park Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $14.7 million a year, roughly $22.42 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012860035 show the actual bill.

What is the assessed value of 320 Park Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 320 Park Avenue at $307.7 million ($60 million of it land) and its assessed value at $138.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 12% from 2022/23 ($348.9 million) to 2026/27.

Are there vacant storefronts at 320 Park Avenue?

Owners registered 5 storefronts at 320 Park Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 1 of 5 stood vacant. 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 320 Park Avenue?

No space at 320 Park Avenue 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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