Office building · Grand Central, Manhattan
Chanin Building
374 Lexington Avenue, New York, NY 10017
The Chanin Building (374 Lexington Avenue) is a 52-floor office building in Grand Central, Manhattan, built in 1929, with about 813,000 square feet of office space according to city records.
Also at 117-127 East 41st Street, 122-128 East 42nd Street and 374-388 Lexington Avenue.
- Office space
- 813K SF
- Floors
- 52
- Year built
- 1929
- Zoning
- C5-3
The 14th 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 the Chanin Building compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, the Chanin Building ranks 2nd of 7 by office floor area. It went up in 1929; the median neighbor dates from 1933. Its estimated property tax, about $9.81 a square foot of floor area before abatements, is below the neighbors' median of $21.65.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| Chanin Building, 374 Lexington Avenue | 813K SF | 52 | 1929 | $9.81 | n/a |
| Bowery Savings Bank Building, 110 East 42nd Street | 188K SF | 18 | 1921 | $21.51 | n/a |
| 364 Lexington Avenue | 233K SF | 26 | 1930 | $17.46 | Dec 2018, $190M |
| Pershing Square Building, 125 Park Avenue | 498K SF | 24 | 1923 | $22.28 | Aug 2010, $330M |
| 363 Lexington Avenue | 109K SF | 27 | 1937 | $21.79 | Mar 2004, $46M |
| 354 Lexington Avenue | 226K SF | 24 | 1959 | $14.93 | Nov 2024, $65.5M |
| 101 Park Avenue | 1.0M SF | 46 | 1982 | $23.18 | 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
- Building name
- Chanin Building
- Other addresses
- 117-127 East 41st Street; 122-128 East 42nd Street; 374-388 Lexington Avenue
- ZIP code
- 10017
- Building type
- Office building (city class O4)
- Total floor area
- 862,071 SF
- Commercial floor area
- 862,071 SF
- Office
- 812,773 SF
- Retail
- 41,913 SF
- Industrial and storage
- 7,385 SF
- Height
- 52 floors
- Average floor
- About 16,600 SF (floor area divided by floors)
- Year built
- 1929
- Lot area
- 29,625 SF
- Zoning district
- C5-3
- Built FAR
- 29.1
- Max commercial FAR
- 15
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 1012960014
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; building name from the NYC Landmarks Preservation Commission (below); 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 15 storefronts at the Chanin Building for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day.
- Storefronts registered for December 31, 2025
- 15
- Vacant that day
- 3
- Share vacant here
- 20.0%
- 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
Own or lease out a storefront at 374 Lexington Avenue? Listing it is free, and it is matched against every active requirement for retail space in Grand Central 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 C B LAND ASSOCIATES as the owner of record. For tax year 2026/27 the city values the Chanin Building at $173.3 million and assesses it at $78 million. After phase-ins and exemptions its taxable value is $78 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 $8.46 million a year before abatements, roughly $9.81 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
- C B LAND ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $173,286,000
- Land market value
- $42,800,000
- Assessed value
- $77,978,700
- Estimated yearly tax
- About $8.46 million
- Tax per SF of floor area
- About $9.81
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.
Own or manage 374 Lexington Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
SEC filings (EDGAR)
Companies with offices here
One investment manager gives 374 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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
The Chanin Building reported an ENERGY STAR score of 81 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 66.9 kBtu per square foot, 39% below the national median of 109.7 for a similar property. Its greenhouse gas emissions were about 5,018 metric tons of CO2e (5.9 kg per square foot).
- ENERGY STAR score (2024)
- 81 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Financial Office
- Site energy use intensity
- 66.9 kBtu/SF
- National median for the type
- 109.7 kBtu/SF
- Greenhouse gas emissions
- 5,018 t CO2e
- Emissions per SF
- 5.9 kg CO2e
- Floor area in the filing
- 850,510 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 2026-10-16; 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, the Chanin Building comes to about 3,573 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 7,195 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,144 tons and the same energy use counts as about 2,442 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 7,195 t CO2e
- Estimated emissions
- 3,573 t CO2e
- Under the limit by
- 3,622 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 3,144 t CO2e
- Estimated emissions
- 2,442 t CO2e
- Under the limit by
- 702 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: Financial Office 850,510 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.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 374 Lexington Avenue? List a space here free and we match it against every active requirement.
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 the Chanin Building. In the last two years, interior work was permitted on 6 floors (floors 1, 16, 17, 22, 40 and 44). The newest build-out, on floor 17, was first permitted in October 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $85,000). A sidewalk shed permit here is active until December 2, 2026.
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 12
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 7
- Floors with interior work, last 24 months
- 1, 16, 17, 22, 40 and 44
- Sidewalk shed permit
- Active until Dec 2, 2026
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.
Landmarks Preservation Commission records
Architecture and history
The Chanin Building was designed by Sloan & Robertson, Rene Chambellan and built in 1927-1929 in the Art Deco style. The Landmarks Preservation Commission designated it a New York City landmark on November 14, 1978.
- Architect
- Sloan & Robertson, Rene Chambellan
- Constructed
- 1927-1929
- Style
- Art Deco
- Primary material
- Steel frame
- Built as
- Office building
- City landmark
- Chanin Building: individual landmark, designated November 14, 1978 (LP-00993)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
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Questions about Chanin Building
How big is the Chanin Building?
The Chanin Building has about 862,000 square feet of floor area in total, including 813,000 square feet of office, 42,000 square feet of retail and 7,000 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 the Chanin Building built?
The Landmarks Preservation Commission's building records date the Chanin Building to 1927-1929, designed by Sloan & Robertson, Rene Chambellan. The building is 52 floors tall.
Who designed the Chanin Building?
Sloan & Robertson, Rene Chambellan, according to the Landmarks Preservation Commission's building records, which list the style as Art Deco and its original use as an office building.
Is the Chanin Building a New York City landmark?
Yes. The Landmarks Preservation Commission designated the Chanin Building an individual landmark on November 14, 1978 (LP-00993). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of the Chanin Building?
The Chanin Building is at 374 Lexington Avenue in Grand Central, Manhattan. City records list 117-127 East 41st Street, 122-128 East 42nd Street and 374-388 Lexington Avenue on the same tax lot (BBL 1012960014). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 374 Lexington Avenue?
374 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 Chanin Building is at 374 Lexington Avenue, New York, NY 10017, in Grand Central.
What is the zoning at the Chanin Building?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 29.1 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to the Chanin Building?
The closest subway station to the Chanin Building is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 200 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), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns the Chanin Building?
The NYC Department of Finance's 2026/27 assessment roll lists C B LAND ASSOCIATES as the owner of record of the Chanin Building (BBL 1012960014). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Who are the tenants at the Chanin Building?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the Chanin Building. One investment manager files 13F holdings reports from the address: Hunting Hill Global Capital, 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.
What is the energy grade of the Chanin Building?
The Chanin Building reported an ENERGY STAR score of 81 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 81 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 66.9 kBtu per square foot, 39% below the national median of 109.7 for a similar property. Its greenhouse gas emissions were about 5,018 metric tons of CO2e (5.9 kg per square foot).
Does the Chanin Building meet Local Law 97?
At its 2024 energy use, the Chanin Building comes to about 3,573 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 7,195 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 3,144 tons and the same energy use counts as about 2,442 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.
Is there construction at the Chanin Building?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at the Chanin Building. In the last two years, interior work was permitted on 6 floors (floors 1, 16, 17, 22, 40 and 44). The newest build-out, on floor 17, was first permitted in October 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $85,000). A sidewalk shed permit here is active until December 2, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012960014. 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 the Chanin Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $78 million for the Chanin Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $8.46 million a year, roughly $9.81 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012960014 show the actual bill.
What is the assessed value of the Chanin Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Chanin Building at $173.3 million ($42.8 million of it land) and its assessed value at $78 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 2% from 2022/23 ($177.5 million) to 2026/27.
Are there vacant storefronts at the Chanin Building?
Owners registered 15 storefronts at the Chanin Building for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. 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 the Chanin Building?
No space at 374 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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