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 10022
34 East 51st Street is a 21-floor office building in Midtown, Manhattan, built in 2013, with about 66,000 square feet of office space according to city records.
Also at 34-36 East 51st Street.
The 276th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 34 East 51st 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.
Compared with its neighbors
Next to the 6 nearest large office buildings, all within a 1 minute walk, 34 East 51st Street is the smallest by office floor area. Built in 2013, it is the newest of them. Its estimated property tax, about $14.41 a square foot of floor area before abatements, is below the neighbors' median of $22.18.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 34 East 51st Street | 66K SF | 21 | 2013 | $14.41 |
| 320 Park Avenue | 638K SF | 33 | 1994 | $22.42 |
| 477 Madison Avenue | 251K SF | 23 | 1954 | $21.10 |
| 41 East 51st Street | 352K SF | 23 | 1986 | $21.94 |
| 350 Park Avenue | 518K SF | 31 | 1961 | $29.50 |
| 485 Madison Avenue | 235K SF | 24 | 1929 | $13.54 |
| 300 Park Avenue | 613K SF | 25 | 1954 | $29.12 |
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 50,000 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 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. 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)
Owners registered one storefront at 34 East 51st Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
Need a storefront in Midtown? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-02. 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 2024 filing was due June 3, 2025, 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
The Department of Finance lists PREF 34 EAST 51ST STREET LLC as the owner of record. For tax year 2026/27 the city values 34 East 51st Street at $27.4 million and assesses it at $12.3 million. After phase-ins and exemptions its taxable value is $9.89 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 $1.07 million a year before abatements, roughly $14.41 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.
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 2026-10-02; 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.
NYC energy benchmarking (Local Law 84)
34 East 51st Street reported an ENERGY STAR score of 57 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 98.4 kBtu per square foot, 9% below the national median of 108.6 for a similar property. Its greenhouse gas emissions were about 673 metric tons of CO2e (8.97 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 2026-10-02; 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.
NYC Department of Buildings permits
The Department of Buildings issued no permits for new jobs at 34 East 51st Street in the 12 months to September 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 9). The newest build-out, on floor 9, was first permitted in September 2025 (construction, mechanical, sprinklers; filed cost estimate $500,000).
Build-outs across MidtownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). 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.
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 34 East 51st 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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34 East 51st Street has about 74,000 square feet of floor area in total, including 66,000 square feet of office, 5,000 square feet of retail and 4,000 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.
City records list 2013 as the year built. The building is 21 floors tall.
City records list 34-36 East 51st Street on the same tax lot (BBL 1012860043) as 34 East 51st Street. A space listed on Leasemark at any of these addresses shows up on this page.
34 East 51st Street 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 34 East 51st Street, New York, NY 10022, in Midtown.
The lot is in the C5-2.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.83 and a maximum commercial FAR of 12 for this lot.
The closest subway station to 34 East 51st Street is 51 St (the 6, E and F trains, connected to Lexington Av/53 St), about 750 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), 3 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
The NYC Department of Finance's 2026/27 assessment roll lists PREF 34 EAST 51ST STREET LLC as the owner of record of 34 East 51st Street (BBL 1012860043). 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.
34 East 51st Street reported an ENERGY STAR score of 57 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 57 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 98.4 kBtu per square foot, 9% below the national median of 108.6 for a similar property. Its greenhouse gas emissions were about 673 metric tons of CO2e (8.97 kg per square foot).
The Department of Buildings issued no permits for new jobs at 34 East 51st Street in the 12 months to September 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 9). The newest build-out, on floor 9, was first permitted in September 2025 (construction, mechanical, sprinklers; filed cost estimate $500,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012860043. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.89 million for 34 East 51st Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.07 million a year, roughly $14.41 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012860043 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 34 East 51st Street at $27.4 million ($7.53 million of it land) and its assessed value at $12.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 42% from 2022/23 ($19.3 million) to 2026/27.
Owners registered one storefront at 34 East 51st Street for December 31, 2024, 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.
No space at 34 East 51st 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.
1,677 buildings from city records
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.