Office building · Midtown, Manhattan

345 Park Avenue

New York, NY

345 Park Avenue is a 44-floor office building in Midtown, Manhattan, built in 1969, with about 1.5 million square feet of office space according to city records.

Also at 101-133 East 51st Street, 100-130 East 52nd Street, 576-594 Lexington Avenue and 341-353 Park Avenue.

Office space
1.5M SF
Floors
44
Year built
1969
Zoning
C5-2.5

Office space next to its nearest neighbors

  1. 345 Park AvenueThis building1.5M SF
  2. Seagram Building1 min walk795K SF
  3. General Electric Building1 min walk443K SF
  4. 600 Lexington Avenue1 min walk264K SF

The 18th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How 345 Park Avenue compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 345 Park Avenue is the largest by office floor area. It went up in 1969; the median neighbor dates from 1959. Its estimated property tax, about $29.04 a square foot of floor area before abatements, is above the neighbors' median of $17.82.

345 Park Avenue and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
345 Park AvenueThis building1.5M SF441969$29.04
General Electric Building, 566 Lexington Avenue1 min walk443K SF501931$12.36
600 Lexington Avenue1 min walk264K SF351983$19.32
Seagram Building, 375 Park Avenue1 min walk795K SF381958$33.01
560 Lexington Avenue1 min walk342K SF221980$16.32
575 Lexington Avenue1 min walk500K SF341958$14.63
350 Park Avenue2 min walk518K SF311961$29.50
The 18th 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
101-133 East 51st Street; 100-130 East 52nd Street; 576-594 Lexington Avenue; 341-353 Park Avenue
ZIP code
10022 (PLUTO); 10154 (Finance roll)
Building type
Office building (city class O4)
Total floor area
1,712,218 SF
Commercial floor area
1,712,218 SF
Office
1,504,490 SF
Retail
78,675 SF
Industrial and storage
83,531 SF
Height
44 floors
Average floor
About 38,900 SF (floor area divided by floors)
Year built
1969
Lot area
81,337 SF
Zoning district
C5-2.5
Built FAR
21.05
Max commercial FAR
12
Tax lot (BBL)
1013060001

Nearest subway

  • 51 St1 min walk · Accessible station · connects to Lexington Av/53 St
  • 5 Av/53 St4 min walk · Not accessible
  • 59 St8 min walk · Not accessible · connects to Lexington Av/59 St

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 3 storefronts at 345 Park Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 2 did.

Storefronts registered for December 31, 2025
3
Vacant that day
1
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 3
  • 20200 of 3
  • 20211 of 3
  • 20220 of 2
  • 20230 of 2
  • 20240 of 2
  • 20251 of 3

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 345 Park Avenue? Listing it is free, and it is matched against every active requirement for retail space in Midtown the day it goes up.

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 345 PARK AVENUE, L.P. as the owner of record. For tax year 2026/27 the city values 345 Park Avenue at $1.14 billion and assesses it at $512.2 million. After phase-ins and exemptions its taxable value is $458.4 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 $49.7 million a year before abatements, roughly $29.04 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
345 PARK AVENUE, L.P.
Tax class
Class 4 (commercial and industrial)
City market value
$1,138,114,000
Land market value
$102,000,000
Assessed value
$512,151,300
Taxable value (phased in)
$458,436,246
Estimated yearly tax
About $49.7 million
Tax per SF of floor area
About $29.04

City market value by tax year

  • 2022/23$889.2 million
  • 2023/24$922.1 million
  • 2024/25$1.04 billion
  • 2025/26$1.09 billion
  • 2026/27$1.14 billion

Market value rose 28% from 2022/23 ($889.2 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

10 public companies and 3 investment managers and funds give 345 Park Avenue as their office address in SEC filings.

Public companies

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

  • BLACKSTONE INC. (BX)10-Q, Aug 2026
  • BLACKSTONE REAL ESTATE INCOME TRUST, INC. (BSTT)10-Q, Aug 2026
  • BLACKSTONE SECURED LENDING FUND (BXSL)10-Q, Aug 2026
  • APARTMENT INCOME REIT, L.P.10-Q, Aug 2026
  • BLACKSTONE INFRASTRUCTURE STRATEGIES L.P.10-Q, Aug 2026
  • BLACKSTONE MULTI-STRATEGY HEDGE FUND L.P.10-Q, Aug 2026
  • BLACKSTONE PRIVATE CREDIT FUND10-Q, Aug 2026
  • BLACKSTONE PRIVATE EQUITY STRATEGIES FUND (TE) L.P.10-Q, May 2026
  • BLACKSTONE PRIVATE EQUITY STRATEGIES FUND L.P.10-Q, Aug 2026
  • BLACKSTONE PRIVATE REAL ESTATE CREDIT & INCOME FUND10-Q, Aug 2026

Investment managers and funds

Office address on their latest 13F holdings report

  • Blackstone Alternative Asset Management L.P.13F, Aug 2026
  • WAFRA INC.13F, Aug 2026
  • BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP13F, 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

345 Park Avenue reported an ENERGY STAR score of 47 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a D (under 55). Its site energy use came to 123 kBtu per square foot, about the same as the national median of 120 for a similar property. Its greenhouse gas emissions were about 19,363 metric tons of CO2e (10.86 kg per square foot).

ENERGY STAR score (2024)
47 of 100
Grade this score earns (Local Law 33)
D (under 55)
Property type (Portfolio Manager)
Office
Site energy use intensity
123 kBtu/SF
National median for the type
120 kBtu/SF
Greenhouse gas emissions
19,363 t CO2e
Emissions per SF
10.86 kg CO2e
Floor area in the filing
1,783,232 SF

ENERGY STAR score by year

  • 202244 (D)
  • 202346 (D)
  • 202447 (D)

Energy sources in 2024

  • District steam55%
  • Electricity45%

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.

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 22 jobs at 345 Park Avenue. In the last two years, interior work was permitted on 23 floors (floors 1, 2, 4, 7, 8, 13, 17, 22, 23, 28, 30 to 40, 43 and 44, the cellar and the sub-cellar). The newest build-out, on floors 22 and 23 and the cellar, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $20 million). A sidewalk shed permit here is active until February 3, 2027.

New jobs, last 12 months
22
Initial permits, last 12 months
66
Newest job first permitted
September 2026
Interior build-outs, last 24 months
22
Floors with interior work, last 24 months
1, 2, 4, 7, 8, 13, 17, 22, 23, 28, 30 to 40, 43 and 44, cellar, sub-cellar
Facade and sidewalk jobs, last 24 months
9
Sidewalk shed permit
Active until Feb 3, 2027

Recent build-outs

  • Floors 22 and 23, cellarSeptember 2026Construction, Mechanical, Plumbing, Sprinklers, Standpipe, Structural; est. $20 million
  • Floors 22 and 23August 2026Structural; est. $565,000
  • Floor 1, cellar, sub-cellarJuly 2026Construction, Mechanical, Plumbing, Sprinklers, Standpipe, Structural; est. $11 million
  • Floor 1, cellarJuly 2026Construction, Mechanical, Sprinklers, Structural; est. $1 million
  • Sub-cellarApril 2026Construction, Mechanical, Plumbing, Sprinklers; est. $303,000
  • Floor 1, cellar, sub-cellarMarch 2026Construction, Mechanical, Plumbing, Sprinklers, Standpipe, Structural; 2 jobs; est. $2.9 million

The newest 6 of 22 in the last 24 months.

New jobs by year

  • 202166
  • 202255
  • 202321
  • 202411
  • 202518
  • 2026 to date19

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 345 Park Avenue

How big is 345 Park Avenue?

345 Park Avenue has about 1.7 million square feet of floor area in total, including 1.5 million square feet of office, 79,000 square feet of retail and 84,000 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.

When was 345 Park Avenue built?

City records list 1969 as the year built. The building is 44 floors tall.

What other addresses does 345 Park Avenue have?

City records list 101-133 East 51st Street, 100-130 East 52nd Street, 576-594 Lexington Avenue and 341-353 Park Avenue on the same tax lot (BBL 1013060001) as 345 Park Avenue. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 345 Park Avenue?

City records give two ZIP codes for this tax lot: 10022 in NYC PLUTO 26v2 and 10154 on the Department of Finance's assessment roll. Some large New York buildings have a ZIP code of their own beside the area's, so check with the building's management which one it uses before you rely on either.

What is the zoning at 345 Park Avenue?

The lot is in the C5-2.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 21.05 and a maximum commercial FAR of 12 for this lot.

What subway station is closest to 345 Park Avenue?

The closest subway station to 345 Park Avenue is 51 St (the 6, E and F trains, connected to Lexington Av/53 St), about 250 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 5 Av/53 St (the E and F trains), 4 min walk; 59 St (the 4, 5, 6, N, R and W trains, connected to Lexington Av/59 St), 8 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 345 Park Avenue?

The NYC Department of Finance's 2026/27 assessment roll lists 345 PARK AVENUE, L.P. as the owner of record of 345 Park Avenue (BBL 1013060001). 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 345 Park Avenue?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 345 Park Avenue. 10 public companies report the address as their principal executive office: BLACKSTONE INC. (BX); BLACKSTONE REAL ESTATE INCOME TRUST, INC. (BSTT); BLACKSTONE SECURED LENDING FUND (BXSL); APARTMENT INCOME REIT, L.P.; BLACKSTONE INFRASTRUCTURE STRATEGIES L.P.; and 5 more. 3 investment managers and funds file 13F holdings reports from the address: Blackstone Alternative Asset Management L.P., WAFRA INC. and BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP. 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 345 Park Avenue?

345 Park Avenue reported an ENERGY STAR score of 47 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 47 earns a D. 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 123 kBtu per square foot, about the same as the national median of 120 for a similar property. Its greenhouse gas emissions were about 19,363 metric tons of CO2e (10.86 kg per square foot).

Is there construction at 345 Park Avenue?

In the 12 months to October 2026, the Department of Buildings issued first permits for 22 jobs at 345 Park Avenue. In the last two years, interior work was permitted on 23 floors (floors 1, 2, 4, 7, 8, 13, 17, 22, 23, 28, 30 to 40, 43 and 44, the cellar and the sub-cellar). The newest build-out, on floors 22 and 23 and the cellar, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $20 million). A sidewalk shed permit here is active until February 3, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1013060001. 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 345 Park Avenue?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $458.4 million for 345 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 $49.7 million a year, roughly $29.04 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013060001 show the actual bill.

What is the assessed value of 345 Park Avenue?

For tax year 2026/27, the NYC Department of Finance puts the market value of 345 Park Avenue at $1.14 billion ($102 million of it land) and its assessed value at $512.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 28% from 2022/23 ($889.2 million) to 2026/27.

Are there vacant storefronts at 345 Park Avenue?

Owners registered 3 storefronts at 345 Park Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 2 did. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 345 Park Avenue?

No space at 345 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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