Office building · Midtown, Manhattan
33 East 48th Street
New York, NY 10017
33 East 48th Street is a 40-floor office building in Midtown, Manhattan, built in 1968, with about 792,000 square feet of office space according to city records.
Also at 33-41 East 48th Street and 42-56 East 49th Street.
- Office space
- 792K SF
- Floors
- 40
- Year built
- 1968
- Zoning
- C5-2.5
The 40th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 33 East 48th 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. Manage or lease this building? Claim this page.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 33 East 48th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 33 East 48th Street ranks 2nd of 7 by office floor area. It went up in 1968; the median neighbor dates from 1958. Its estimated property tax, about $28.03 a square foot of floor area before abatements, is above the neighbors' median of $23.06.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 33 East 48th Street | 792K SF | 40 | 1968 | $28.03 | Nov 2007, $1.3B (2 lots) |
| 280 Park Avenue | 382K SF | 28 | 1962 | $27.52 | Nov 2007, $1.3B (2 lots) |
| 425 Madison Avenue | 98K SF | 19 | 1927 | $8.58 | n/a |
| 270 Park Avenue | 2.1M SF | 60 | 2021 | $36.38 | n/a |
| 437 Madison Avenue | 789K SF | 39 | 1967 | $18.60 | n/a |
| 300 Park Avenue | 613K SF | 25 | 1954 | $29.12 | n/a |
| 418 Madison Avenue | 41K SF | 15 | 1927 | $9.09 | n/a |
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); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). 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
- 33-41 East 48th Street; 42-56 East 49th Street
- ZIP code
- 10017
- Building type
- Office building (city class O4)
- Total floor area
- 810,426 SF
- Commercial floor area
- 810,426 SF
- Office
- 792,332 SF
- Retail
- 18,094 SF
- Height
- 40 floors
- Average floor
- About 20,300 SF (floor area divided by floors)
- Year built
- 1968
- Last major alteration
- 2013
- Lot area
- 35,200 SF
- Zoning district
- C5-2.5
- Built FAR
- 23.02
- Max commercial FAR
- 12
- Tax lot (BBL)
- 1012840026
Nearest subway
- 51 St
- 5 Av/53 St
- Grand Central-42 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 2 storefronts at 33 East 48th Street for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 2
- Vacant that day
- 0
- Share vacant across Midtown
- 14.3%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Midtown? 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 BROADWAY 240 PARK FEE LLC as the owner of record. For tax year 2026/27 the city values 33 East 48th Street at $465.3 million and assesses it at $209.4 million. After phase-ins and exemptions its taxable value is $209.4 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 $22.7 million a year before abatements, roughly $28.03 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
- BROADWAY 240 PARK FEE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $465,333,300
- Land market value
- $77,600,000
- Assessed value
- $209,400,000
- Estimated yearly tax
- About $22.7 million
- Tax per SF of floor area
- About $28.03
City market value by tax year
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; 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 33 East 48th Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
33 East 48th Street last sold in November 2007 in a $1.28 billion sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. ISTITHMAR BUILDING 280 PARK LLC sold it to BROADWAY 280 PARK FEE LLC.
- Last sale (deed date)
- November 19, 2007
- Combined price
- $1,279,800,000 for 2 tax lots
- Seller
- ISTITHMAR BUILDING 280 PARK LLC
- Buyer
- BROADWAY 280 PARK FEE LLC
- Deed recorded
- November 21, 2007
- ACRIS document
- 2007112000514001
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out; a price for several tax lots is the combined price, not this building's alone.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
33 East 48th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 117.5 kBtu per square foot, 86% above the national median of 63.2 for a similar property. Its greenhouse gas emissions were about 12,971 metric tons of CO2e (10.07 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Financial Office
- Site energy use intensity
- 117.5 kBtu/SF
- National median for the type
- 63.2 kBtu/SF
- Greenhouse gas emissions
- 12,971 t CO2e
- Emissions per SF
- 10.07 kg CO2e
- Floor area in the filing
- 1,287,610 SF
- Tax lots in the filing
- 2
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, one filing for 2 tax lots), 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 33 East 48th Street comes to about 9,224 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 10,887 tons for 2024 to 2029 (85% of the limit), so it would owe no penalty. From 2030 the limit drops to 4,602 tons and the same energy use counts as about 6,516 tons, about 1,913 tons over, or an estimated $513,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 10,887 t CO2e
- Estimated emissions
- 9,224 t CO2e
- Under the limit by
- 1,663 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 4,602 t CO2e
- Estimated emissions
- 6,516 t CO2e
- Over the limit by
- 1,913 t CO2e
- Estimated penalty a year
- $513,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Restaurant 40,271 SF; Office 178,108 SF; Data Center 1,000 SF; Financial Office 1,058,151 SF; Food Service 2,216 SF; Retail Store 7,864 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. The filing covers 2 tax lots together, so these figures are for the whole property.
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 33 East 48th Street? List a space here free and we match it against every active requirement.
No office space listed in Midtown yet
The closest real space on Leasemark is below. Own or broker space at 33 East 48th Street? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Real space close by
Listed now by its owner or broker. Open it and tap I'm interested to ask the lister for an intro; contact details are shared once both sides accept.
Next door, in the Upper East Side
783 Madison 4th Floor
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 33 East 48th Street
How big is 33 East 48th Street?
33 East 48th Street has about 810,000 square feet of floor area in total, including 792,000 square feet of office and 18,000 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 33 East 48th Street built?
City records list 1968 as the year built, with a major alteration recorded in 2013. The building is 40 floors tall.
What other addresses does 33 East 48th Street have?
City records list 33-41 East 48th Street and 42-56 East 49th Street on the same tax lot (BBL 1012840026) as 33 East 48th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 33 East 48th Street?
33 East 48th 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 33 East 48th Street, New York, NY 10017, in Midtown.
What is the zoning at 33 East 48th Street?
The lot is in the C5-2.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 23.02 and a maximum commercial FAR of 12 for this lot.
What subway station is closest to 33 East 48th Street?
The closest subway station to 33 East 48th Street is 51 St (the 6, E and F trains, connected to Lexington Av/53 St), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av/53 St (the E and F trains), 5 min walk; Grand Central-42 St (the 4, 5, 6, 7 and S trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 33 East 48th Street?
The NYC Department of Finance's 2026/27 assessment roll lists BROADWAY 240 PARK FEE LLC as the owner of record of 33 East 48th Street (BBL 1012840026). 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.
When was 33 East 48th Street last sold?
33 East 48th Street last sold in November 2007 in a $1.28 billion sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. ISTITHMAR BUILDING 280 PARK LLC sold it to BROADWAY 280 PARK FEE LLC. The deed is ACRIS document 2007112000514001 (BBL 1012840026) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Does 33 East 48th Street have an energy grade?
33 East 48th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 117.5 kBtu per square foot, 86% above the national median of 63.2 for a similar property. Its greenhouse gas emissions were about 12,971 metric tons of CO2e (10.07 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.
Does 33 East 48th Street meet Local Law 97?
At its 2024 energy use, 33 East 48th Street comes to about 9,224 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 10,887 tons for 2024 to 2029 (85% of the limit), so it would owe no penalty. From 2030 the limit drops to 4,602 tons and the same energy use counts as about 6,516 tons, about 1,913 tons over, or an estimated $513,000 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 33 East 48th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $209.4 million for 33 East 48th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $22.7 million a year, roughly $28.03 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012840026 show the actual bill.
What is the assessed value of 33 East 48th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 33 East 48th Street at $465.3 million ($77.6 million of it land) and its assessed value at $209.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 9% from 2022/23 ($426.9 million) to 2026/27.
Are there vacant storefronts at 33 East 48th Street?
Owners registered 2 storefronts at 33 East 48th Street for December 31, 2025, the newest annual filing the city has published, and none stood 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 33 East 48th Street?
No space at 33 East 48th Street 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.
2,723 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq