Office building · Midtown, Manhattan

Seagram Building

375 Park Avenue, New York, NY

The Seagram Building (375 Park Avenue) is a 38-floor office building in Midtown, Manhattan, built in 1958, with about 795,000 square feet of office space according to city records.

Also at 99-131 East 52nd Street and 98 East 53rd Street.

Office space
795K SF
Floors
38
Year built
1958
Zoning
C5-2.5

Office space next to its nearest neighbors

  1. 399 Park Avenue1 min walk1.5M SF
  2. 345 Park Avenue1 min walk1.5M SF
  3. Seagram BuildingThis building795K SF
  4. 600 Lexington Avenue1 min walk264K SF

The 39th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How the Seagram Building compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, the Seagram Building ranks 4th of 7 by office floor area. It went up in 1958; the median neighbor dates from 1969. Its estimated property tax, about $33.01 a square foot of floor area before abatements, is above the neighbors' median of $28.97.

The Seagram Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
Seagram Building, 375 Park AvenueThis building795K SF381958$33.01
600 Lexington Avenue1 min walk264K SF351983$19.32
399 Park Avenue1 min walk1.5M SF391969$28.89
345 Park Avenue1 min walk1.5M SF441969$29.04
350 Park Avenue2 min walk518K SF311961$29.50
599 Lexington Avenue2 min walk971K SF471985$25.18
Lever House, 390 Park Avenue2 min walk239K SF221952$41.13
The 39th 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

Building name
Seagram Building
Other addresses
99-131 East 52nd Street; 98 East 53rd Street
ZIP code
10022 (PLUTO); 10152 (Finance roll)
Building type
Office building (city class O4)
Total floor area
849,014 SF
Commercial floor area
849,014 SF
Office
795,004 SF
Retail
27,000 SF
Industrial and storage
10 SF
Height
38 floors
Average floor
About 22,300 SF (floor area divided by floors)
Year built
1958
Last major alteration
2021
Lot area
59,950 SF
Zoning district
C5-2.5
Built FAR
14.16
Max commercial FAR
12
Landmark status
Individual and interior landmark
Tax lot (BBL)
1013070001

Nearest subway

  • 51 St2 min walk · Accessible station · connects to Lexington Av/53 St
  • 5 Av/53 St4 min walk · Not accessible
  • 59 St7 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; 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 one storefront at the Seagram Building for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2025
1
Vacant that day
0
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 2
  • 20200 of 2
  • 20210 of 1
  • 20220 of 1
  • 20230 of 1
  • 20240 of 1
  • 20250 of 1

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

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 375 PARK FEE LLC as the owner of record. For tax year 2026/27 the city values the Seagram Building at $576.3 million and assesses it at $259.3 million. After phase-ins and exemptions its taxable value is $258.4 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 $28 million a year before abatements, roughly $33.01 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
375 PARK FEE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$576,289,000
Land market value
$94,200,000
Assessed value
$259,330,050
Taxable value (phased in)
$258,374,933
Estimated yearly tax
About $28 million
Tax per SF of floor area
About $33.01

City market value by tax year

  • 2022/23$544 million
  • 2023/24$559.3 million
  • 2024/25$569.2 million
  • 2025/26$573.9 million
  • 2026/27$576.3 million

Market value rose 6% from 2022/23 ($544 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

3 public companies and 12 investment managers and funds give 375 Park Avenue as their office address in SEC filings.

Public companies

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

  • NUVEEN CHURCHILL DIRECT LENDING CORP. (NCDL)10-Q, Aug 2026
  • APS BDC, LLC10-Q, Aug 2026
  • NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND10-Q, Aug 2026

Investment managers and funds

Office address on their latest 13F holdings report

  • BRANT POINT INVESTMENT MANAGEMENT LLC13F, Aug 2026
  • Centerbridge Advisors III, LLC13F, Aug 2026
  • Ehrenkranz Partners L.P.13F, Aug 2026
  • ENTRUST GLOBAL PARTNERS L L C13F, Aug 2026
  • Lion Point Capital, LP13F, Aug 2026
  • Centerbridge Credit Advisors, L.L.C.13F, Aug 2026
  • Centerbridge Partners Holdings, LLC13F, Aug 2026
  • Centerbridge Partners Real Estate Advisors II, LLC13F, Aug 2026
  • Centerbridge Partners Real Estate Advisors, LLC13F, Aug 2026
  • Centerbridge Partners, L.P.13F, Aug 2026
  • Centerbridge Special Credit Advisors III, L.L.C.13F, Aug 2026
  • EnTrust Global Partners Offshore 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

The Seagram Building reported an ENERGY STAR score of 75 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 92.3 kBtu per square foot, 30% below the national median of 131.4 for a similar property. Its greenhouse gas emissions were about 7,161 metric tons of CO2e (8.68 kg per square foot).

ENERGY STAR score (2024)
75 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Financial Office
Site energy use intensity
92.3 kBtu/SF
National median for the type
131.4 kBtu/SF
Greenhouse gas emissions
7,161 t CO2e
Emissions per SF
8.68 kg CO2e
Floor area in the filing
824,906 SF

ENERGY STAR score by year

  • 202263 (C)
  • 202374 (B)
  • 202475 (B)

Energy sources in 2024

  • Electricity57%
  • District steam43%

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 9 jobs at the Seagram Building. In the last two years, interior work was permitted on 19 floors (floors 1 to 6, 8, 17 to 20, 23, 25, 27, 29 to 31, 33 and 36 and the sub-cellar). The newest build-out, on floor 25, was first permitted in October 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $764,000).

New jobs, last 12 months
9
Initial permits, last 12 months
35
Newest job first permitted
October 2026
Interior build-outs, last 24 months
17
Floors with interior work, last 24 months
1 to 6, 8, 17 to 20, 23, 25, 27, 29 to 31, 33 and 36, sub-cellar

Recent build-outs

  • Floor 25October 2026Construction, Mechanical, Plumbing, Sprinklers; est. $764,000
  • Floor 1September 2026Construction; est. $5,000
  • Floors 3, 4 and 17July 2026Construction, Mechanical; 2 jobs; est. $1.1 million
  • Floor 25May 2026Construction, Mechanical, Plumbing, Sprinklers; est. $51,000
  • Floor 27April 2026Construction, Mechanical, Plumbing, Sprinklers; est. $425,000
  • Floor 20January 2026Construction, Mechanical, Plumbing, Sprinklers; est. $2.8 million

The newest 6 of 17 in the last 24 months.

New jobs by year

  • 202133
  • 202245
  • 202325
  • 20247
  • 202515
  • 2026 to date7

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 Seagram Building was designed by Ludwig Mies van der Rohe, Philip Johnson, Kahn & Jacobs and built in 1956-1958 in the International Style. The Landmarks Preservation Commission designated it a New York City landmark on October 3, 1989. The Commission also designated Four Seasons Restaurant, inside the building, an interior landmark on October 3, 1989. The Commission also designated part of its interior an interior landmark on October 3, 1989.

Architect
Ludwig Mies van der Rohe, Philip Johnson, Kahn & Jacobs
Constructed
1956-1958
Style
International Style
Primary material
Bronze
Built as
Office building
City landmark
Seagram Building: individual landmark, designated October 3, 1989 (LP-01664)
Inside the building
Four Seasons Restaurant: interior landmark, designated October 3, 1989 (LP-01666)
City landmark
Seagram Building: interior landmark, designated October 3, 1989 (LP-01665)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites, Designated and Calendared Buildings and 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 Seagram Building

How big is the Seagram Building?

The Seagram Building has about 849,000 square feet of floor area in total, including 795,000 square feet of office, 27,000 square feet of retail and 0 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 Seagram Building built?

The Landmarks Preservation Commission's building records date the Seagram Building to 1956-1958, designed by Ludwig Mies van der Rohe, Philip Johnson, Kahn & Jacobs. The building is 38 floors tall.

Who designed the Seagram Building?

Ludwig Mies van der Rohe, Philip Johnson, Kahn & Jacobs, according to the Landmarks Preservation Commission's building records, which list the style as International Style and its original use as an office building.

Is the Seagram Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Seagram Building an individual landmark on October 3, 1989 (LP-01664). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Seagram Building?

The Seagram Building is at 375 Park Avenue in Midtown, Manhattan. City records list 99-131 East 52nd Street and 98 East 53rd Street on the same tax lot (BBL 1013070001). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 375 Park Avenue?

City records give two ZIP codes for this tax lot: 10022 in NYC PLUTO 26v2 and 10152 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 the Seagram Building?

The lot is in the C5-2.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.16 and a maximum commercial FAR of 12 for this lot.

What subway station is closest to the Seagram Building?

The closest subway station to the Seagram Building is 51 St (the 6, E and F trains, connected to Lexington Av/53 St), about 500 feet away in a straight line, roughly 2 minutes 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), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Seagram Building?

The NYC Department of Finance's 2026/27 assessment roll lists 375 PARK FEE LLC as the owner of record of the Seagram Building (BBL 1013070001). 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 the Seagram Building?

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at the Seagram Building. 3 public companies report the address as their principal executive office: NUVEEN CHURCHILL DIRECT LENDING CORP. (NCDL); APS BDC, LLC; and NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND. 12 investment managers and funds file 13F holdings reports from the address, including BRANT POINT INVESTMENT MANAGEMENT LLC; Centerbridge Advisors III, LLC; and Ehrenkranz Partners L.P.. 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 Seagram Building?

The Seagram Building reported an ENERGY STAR score of 75 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 75 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 92.3 kBtu per square foot, 30% below the national median of 131.4 for a similar property. Its greenhouse gas emissions were about 7,161 metric tons of CO2e (8.68 kg per square foot).

Is there construction at the Seagram Building?

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 jobs at the Seagram Building. In the last two years, interior work was permitted on 19 floors (floors 1 to 6, 8, 17 to 20, 23, 25, 27, 29 to 31, 33 and 36 and the sub-cellar). The newest build-out, on floor 25, was first permitted in October 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $764,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1013070001. 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 Seagram Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $258.4 million for the Seagram Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $28 million a year, roughly $33.01 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1013070001 show the actual bill.

What is the assessed value of the Seagram Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Seagram Building at $576.3 million ($94.2 million of it land) and its assessed value at $259.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($544 million) to 2026/27.

Are there vacant storefronts at the Seagram Building?

Owners registered one storefront at the Seagram Building for December 31, 2025, 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 the Seagram Building?

No space at 375 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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