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
Office building · Midtown, Manhattan
New York, NY 10017
327 East 47th Street is a 5-floor office building in Midtown, Manhattan, built in 1971, with about 41,000 square feet of office space according to city records.
Also at 327-333 East 47th Street.
The 332nd largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 327 East 47th Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once. Nothing free right now? Get tenant alerts for Midtown and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
Next to the 6 nearest large office buildings, all within a 2 minute walk, 327 East 47th Street is the smallest by office floor area. It went up in 1971; the median neighbor dates from 1967. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 327 East 47th Street | 41K SF | 5 | 1971 | Exempt |
| 305 East 47th Street | 125K SF | 14 | 1928 | $3.46 |
| 315 East 46th Street | 50K SF | 9 | 2018 | Exempt |
| 305 East 46th Street | 154K SF | 16 | 1928 | $25.54 |
| 821 First Avenue | 116K SF | 35 | 2018 | Exempt |
| 866 Second Avenue | 71K SF | 15 | 1970 | $2.22 |
| 809 First Avenue | 103K SF | 11 | 1964 | 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
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
The Department of Finance lists JAPAN SOCIETY, INC. as the owner of record. For tax year 2026/27 the city values 327 East 47th Street at $12.8 million and assesses it at $5.74 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
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. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
Own or manage 327 East 47th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
327 East 47th Street reported an ENERGY STAR score of 79 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 48.7 kBtu per square foot, 36% below the national median of 76.5 for a similar property. Its greenhouse gas emissions were about 197 metric tons of CO2e (4.75 kg per square foot).
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.
Landmarks Preservation Commission records
327 East 47th Street was designed by Junzō Yoshimura, George G. Shimamoto, Kelly & Gruzen and built in 1969-1971. The Landmarks Preservation Commission designated Japan Society Headquarters, on this tax lot, a New York City landmark on March 22, 2011.
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-08. A designation can cover part of a lot, such as a facade or a lobby interior.
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 327 East 47th Street and we match it against every new one automatically.
Posted by a tenant rep broker · Legal
Posted by a tenant rep broker · Finance
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327 East 47th Street has about 41,000 square feet of floor area in total, including 41,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
The Landmarks Preservation Commission's building records date 327 East 47th Street to 1969-1971, designed by Junzō Yoshimura, George G. Shimamoto, Kelly & Gruzen. The building is 5 floors tall.
Junzō Yoshimura, George G. Shimamoto, Kelly & Gruzen, according to the Landmarks Preservation Commission's building records, which list the style as Modernism (late) and its original use as a cultural center.
The tax lot at 327 East 47th Street includes Japan Society Headquarters, an individual landmark designated March 22, 2011 (LP-02420). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Landmarks Preservation Commission.
City records list 327-333 East 47th Street on the same tax lot (BBL 1013400016) as 327 East 47th Street. A space listed on Leasemark at any of these addresses shows up on this page.
327 East 47th 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 327 East 47th Street, New York, NY 10017, in Midtown.
The lot is in the C1-9 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.12 and a maximum commercial FAR of 2 for this lot.
The closest subway station to 327 East 47th Street is Lexington Av/53 St (the E, F and 6 trains, connected to 51 St), about 0.3 miles away in a straight line, roughly 7 minutes on foot. The MTA lists it as an accessible station. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 8 min walk; 5 Av/53 St (the E and F trains), 13 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists JAPAN SOCIETY, INC. as the owner of record of 327 East 47th Street (BBL 1013400016). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
327 East 47th Street reported an ENERGY STAR score of 79 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 79 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 48.7 kBtu per square foot, 36% below the national median of 76.5 for a similar property. Its greenhouse gas emissions were about 197 metric tons of CO2e (4.75 kg per square foot).
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 327 East 47th Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1013400016 show what is actually billed.
For tax year 2026/27, the NYC Department of Finance puts the market value of 327 East 47th Street at $12.8 million ($4.38 million of it land) and its assessed value at $5.74 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 28% from 2022/23 ($9.97 million) to 2026/27.
No space at 327 East 47th 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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