Office building · Grand Central, Manhattan
363 Lexington Avenue
New York, NY 10017
363 Lexington Avenue is a 27-floor office building in Grand Central, Manhattan, built in 1937, with about 109,000 square feet of office space according to city records.
Also at 128 East 41st Street and 363-373 Lexington Avenue.
- Office space
- 109K SF
- Floors
- 27
- Year built
- 1937
- Zoning
- C5-3
The 57th largest of the 83 office buildings we track in Grand Central. Compare it with 6 neighbors
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Compared with its neighbors
How 363 Lexington Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 363 Lexington Avenue ranks 6th of 7 by office floor area. It went up in 1937; the median neighbor dates from 1957. Its estimated property tax, about $21.79 a square foot of floor area before abatements, is above the neighbors' median of $14.54.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 363 Lexington Avenue | 109K SF | 27 | 1937 | $21.79 | Mar 2004, $46M |
| 355 Lexington Avenue | 209K SF | 22 | 1958 | $11.76 | n/a |
| 364 Lexington Avenue | 233K SF | 26 | 1930 | $17.46 | Dec 2018, $190M |
| 354 Lexington Avenue | 226K SF | 24 | 1959 | $14.93 | Nov 2024, $65.5M |
| 622 Third Avenue | 960K SF | 41 | 1974 | $14.16 | n/a |
| 349 Lexington Avenue | 66K SF | 15 | 1925 | $12.43 | n/a |
| Socony-Mobil Building, 150 East 42nd Street | 1.2M SF | 42 | 1956 | $15.99 | 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
- 128 East 41st Street; 363-373 Lexington Avenue
- ZIP code
- 10017
- Building type
- Office building (city class O4)
- Total floor area
- 118,587 SF
- Commercial floor area
- 118,587 SF
- Office
- 108,587 SF
- Retail
- 10,000 SF
- Height
- 27 floors
- Average floor
- About 4,400 SF (floor area divided by floors)
- Year built
- 1937
- Last major alteration
- 1979
- Lot area
- 10,419 SF
- Zoning district
- C5-3
- Built FAR
- 11.38
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1012950020
Nearest subway
- Grand Central-42 St
- 5 Av
- 33 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 4 storefronts at 363 Lexington Avenue for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 4
- Vacant that day
- 0
- Share vacant across Grand Central
- 19.7%
- Share vacant along Lexington Avenue
- 11.2%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Grand Central? 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 369 LEXINGTON BORROWER LLC as the owner of record. For tax year 2026/27 the city values 363 Lexington Avenue at $59.3 million and assesses it at $26.7 million. After phase-ins and exemptions its taxable value is $23.8 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 $2.58 million a year before abatements, roughly $21.79 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
- 369 LEXINGTON BORROWER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $59,347,000
- Land market value
- $13,300,000
- Assessed value
- $26,706,150
- Taxable value (phased in)
- $23,819,130
- Estimated yearly tax
- About $2.58 million
- Tax per SF of floor area
- About $21.79
City market value by tax year
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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.
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NYC property records (ACRIS)
Sales history
363 Lexington Avenue last sold in March 2004 for $46 million, according to the deed recorded with the city. 369 LEXINGTON AVENUE CO., L.P. sold it to CPP 369 LEX LLC. That comes to about $387 per square foot of floor area.
- Last sale (deed date)
- March 31, 2004
- Price
- $45,950,000
- Price per SF of floor area
- About $387
- Seller
- 369 LEXINGTON AVENUE CO., L.P.
- Buyer
- CPP 369 LEX LLC
- Deed recorded
- May 26, 2004
- ACRIS document
- 2004040800763001
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.
SEC filings (EDGAR)
Companies with offices here
One investment manager gives 363 Lexington Avenue as its office address in SEC filings.
Investment manager
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 Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 363 Lexington Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 6). The newest build-out, on floors 1 and 6, was first permitted in February 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $78,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 7
- Newest job first permitted
- March 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1 and 6
Recent build-outs
New jobs by year
Build-outs across Grand CentralWhere NYC offices are being built out
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 363 Lexington Avenue
How big is 363 Lexington Avenue?
363 Lexington Avenue has about 119,000 square feet of floor area in total, including 109,000 square feet of office and 10,000 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 363 Lexington Avenue built?
City records list 1937 as the year built, with a major alteration recorded in 1979. The building is 27 floors tall.
What other addresses does 363 Lexington Avenue have?
City records list 128 East 41st Street and 363-373 Lexington Avenue on the same tax lot (BBL 1012950020) as 363 Lexington Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 363 Lexington Avenue?
363 Lexington Avenue 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 363 Lexington Avenue, New York, NY 10017, in Grand Central.
What is the zoning at 363 Lexington Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.38 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 363 Lexington Avenue?
The closest subway station to 363 Lexington Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 350 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 7 min walk; 33 St (the 6 train), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 363 Lexington Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 369 LEXINGTON BORROWER LLC as the owner of record of 363 Lexington Avenue (BBL 1012950020). 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 363 Lexington Avenue?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 363 Lexington Avenue. One investment manager files 13F holdings reports from the address: ELCO Management Co., LLC. 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.
When was 363 Lexington Avenue last sold?
363 Lexington Avenue last sold in March 2004 for $46 million, according to the deed recorded with the city. 369 LEXINGTON AVENUE CO., L.P. sold it to CPP 369 LEX LLC. That comes to about $387 per square foot of floor area. The deed is ACRIS document 2004040800763001 (BBL 1012950020) 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.
Is there construction at 363 Lexington Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 363 Lexington Avenue. In the last two years, interior work was permitted on 2 floors (floors 1 and 6). The newest build-out, on floors 1 and 6, was first permitted in February 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $78,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1012950020. 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 363 Lexington Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $23.8 million for 363 Lexington Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.58 million a year, roughly $21.79 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012950020 show the actual bill.
What is the assessed value of 363 Lexington Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 363 Lexington Avenue at $59.3 million ($13.3 million of it land) and its assessed value at $26.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($49.1 million) to 2026/27.
Are there vacant storefronts at 363 Lexington Avenue?
Owners registered 4 storefronts at 363 Lexington Avenue 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 363 Lexington Avenue?
No space at 363 Lexington Avenue 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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