Office building · South Bronx, Bronx
351 East 148th Street
Bronx, NY 10451
351 East 148th Street is a 5-floor office building in the South Bronx, Bronx, built in 1911, with about 38,000 square feet of office space according to city records.
Also at 525-529 Courtlandt Avenue.
- Office space
- 38K SF
- Floors
- 5
- Year built
- 1911
- Zoning
- C4-4
The 16th largest of the 17 office buildings we track in the South Bronx. Compare it with 6 neighbors
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Compared with its neighbors
How 351 East 148th Street compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 351 East 148th Street ranks 6th of 7 by office floor area. Built in 1911, it is the oldest of them. Its estimated property tax, about $7.15 a square foot of floor area before abatements, is below the neighbors' median of $8.46.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 351 East 148th Street | 38K SF | 5 | 1911 | $7.15 | n/a |
| 332 East 149th Street | 42K SF | 8 | 1927 | $8.64 | Jun 2014, $10.5M |
| 362 Courtlandt Avenue | 65K SF | 6 | 2020 | $9.58 | n/a |
| 373 East 148th Street | 53K SF | 3 | 1931 | $5.68 | n/a |
| 349 East 149th Street | 59K SF | 10 | 1927 | $8.27 | n/a |
| 369 East 149th Street | 37K SF | 12 | 1929 | $6.56 | Sep 2013, $4.4M |
| 384 East 149th Street | 58K SF | 6 | 1930 | $9.13 | Feb 2011, $17.6M |
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 address
- 525-529 Courtlandt Avenue
- ZIP code
- 10451
- Building type
- Office building (city class O2)
- Total floor area
- 37,783 SF
- Commercial floor area
- 37,783 SF
- Office
- 37,783 SF
- Height
- 5 floors
- Average floor
- About 7,600 SF (floor area divided by floors)
- Year built
- 1911
- Lot area
- 8,400 SF
- Zoning district
- C4-4
- Built FAR
- 4.5
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 2023300045
Nearest subway
- 3 Av-149 St
- 149 St-Hostos
- 3 Av-138 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 351 East 148th Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across the South Bronx
- 11.3%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in the South Bronx? 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 2026-10-09. 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
Owner, property tax and assessed value
The Department of Finance lists 38 R HOLDING CO., LLC as the owner of record. For tax year 2026/27 the city values 351 East 148th Street at $6.23 million and assesses it at $2.8 million. After phase-ins and exemptions its taxable value is $2.49 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 $270,281 a year before abatements, roughly $7.15 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
- 38 R HOLDING CO., LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $6,228,000
- Land market value
- $504,000
- Assessed value
- $2,802,600
- Taxable value (phased in)
- $2,491,530
- Estimated yearly tax
- About $270,281
- Tax per SF of floor area
- About $7.15
City market value by tax year
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 2026-10-09; 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 351 East 148th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
351 East 148th Street reported an ENERGY STAR score of 71 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 55.3 kBtu per square foot, 26% below the national median of 74.5 for a similar property. Its greenhouse gas emissions were about 234 metric tons of CO2e (4.94 kg per square foot).
- ENERGY STAR score (2024)
- 71 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 55.3 kBtu/SF
- National median for the type
- 74.5 kBtu/SF
- Greenhouse gas emissions
- 234 t CO2e
- Emissions per SF
- 4.94 kg CO2e
- Floor area in the filing
- 47,450 SF
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), pulled 2026-10-09; 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, 351 East 148th Street comes to about 188 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 360 tons for 2024 to 2029 (52% of the limit), so it would owe no penalty. From 2030 the limit drops to 128 tons and the same energy use counts as about 123 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 360 t CO2e
- Estimated emissions
- 188 t CO2e
- Under the limit by
- 172 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 128 t CO2e
- Estimated emissions
- 123 t CO2e
- Under the limit by
- 5 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: Office 47,450 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.
Own or manage 351 East 148th Street? List a space here free and we match it against every active requirement.
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Questions about 351 East 148th Street
How big is 351 East 148th Street?
351 East 148th Street has about 38,000 square feet of floor area in total, including 38,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 351 East 148th Street built?
City records list 1911 as the year built. The building is 5 floors tall.
What other addresses does 351 East 148th Street have?
City records list 525-529 Courtlandt Avenue on the same tax lot (BBL 2023300045) as 351 East 148th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 351 East 148th Street?
351 East 148th Street is in ZIP code 10451, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 351 East 148th Street, Bronx, NY 10451, in the South Bronx.
What is the zoning at 351 East 148th Street?
The lot is in the C4-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.5 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 351 East 148th Street?
The closest subway station to 351 East 148th Street is 3 Av-149 St (the 2 and 5 trains), about 650 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 149 St-Hostos (the 2, 4 and 5 trains), 8 min walk; 3 Av-138 St (the 6 train), 10 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 351 East 148th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 38 R HOLDING CO., LLC as the owner of record of 351 East 148th Street (BBL 2023300045). 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.
What is the energy grade of 351 East 148th Street?
351 East 148th Street reported an ENERGY STAR score of 71 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 71 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 55.3 kBtu per square foot, 26% below the national median of 74.5 for a similar property. Its greenhouse gas emissions were about 234 metric tons of CO2e (4.94 kg per square foot).
Does 351 East 148th Street meet Local Law 97?
At its 2024 energy use, 351 East 148th Street comes to about 188 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 360 tons for 2024 to 2029 (52% of the limit), so it would owe no penalty. From 2030 the limit drops to 128 tons and the same energy use counts as about 123 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.
What are the property taxes at 351 East 148th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.49 million for 351 East 148th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $270,281 a year, roughly $7.15 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2023300045 show the actual bill.
What is the assessed value of 351 East 148th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 351 East 148th Street at $6.23 million ($504,000 of it land) and its assessed value at $2.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 11% from 2022/23 ($5.62 million) to 2026/27.
Are there vacant storefronts at 351 East 148th Street?
Owners registered one storefront at 351 East 148th 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.
Is there office space for lease at 351 East 148th Street?
No space at 351 East 148th 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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South Bronx
Transit hubs in the South Bronx
- 2 4 5 at 149 St-Hostos
- 6 at 3 Av-138 St