Office building · Midtown South, Manhattan

38 East 29th Street

New York, NY 10016

38 East 29th Street is a 10-floor office building in Midtown South, Manhattan, built in 1919, with about 62,000 square feet of office space according to city records.

Also at 38-42 East 29th Street.

Office space
62K SF
Floors
10
Year built
1919
Zoning
C5-2

The 124th largest of the 156 office buildings we track in Midtown South. Compare it with 6 neighbors

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Compared with its neighbors

How 38 East 29th Street compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 38 East 29th Street is the smallest by office floor area. It went up in 1919; the median neighbor dates from 1914. Its estimated property tax, about $11.87 a square foot of floor area before abatements, is below the neighbors' median of $14.25.

38 East 29th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
38 East 29th StreetThis building62K SF101919$11.87
Emmet Building, 89 Madison Avenue1 min walk137K SF161912$10.82
79 Madison Avenue1 min walk205K SF161925$16.26
424 Park Avenue South1 min walk119K SF161913$12.71
99 Madison Avenue1 min walk113K SF171916$13.54
44 East 30th Street1 min walk76K SF131915$23.80
434 Park Avenue South1 min walk136K SF161913$14.96
The 124th largest of the 156 office buildings we track in Midtown South: 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address
38-42 East 29th Street
ZIP code
10016
Building type
Office building (city class O3)
Total floor area
62,100 SF
Commercial floor area
62,100 SF
Office
62,099 SF
Height
10 floors
Average floor
About 6,200 SF (floor area divided by floors)
Year built
1919
Last major alteration
1986
Lot area
6,172 SF
Zoning district
C5-2
Built FAR
10.06
Max commercial FAR
10
Tax lot (BBL)
1008580049

Nearest subway

  • 28 St1 min walk · Partly accessible
  • 33 St4 min walk · Not accessible
  • 28 St5 min walk · Not accessible

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. 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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists EAST 29 ASSOCIATES LLC as the owner of record. For tax year 2026/27 the city values 38 East 29th Street at $15.1 million and assesses it at $6.8 million. After phase-ins and exemptions its taxable value is $6.8 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 $737,317 a year before abatements, roughly $11.87 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
EAST 29 ASSOCIATES LLC
Tax class
Class 4 (commercial and industrial)
City market value
$15,104,000
Land market value
$4,000,000
Assessed value
$6,796,800
Estimated yearly tax
About $737,317
Tax per SF of floor area
About $11.87

City market value by tax year

  • 2022/23$16.5 million
  • 2023/24$17 million
  • 2024/25$17.3 million
  • 2025/26$16 million
  • 2026/27$15.1 million

Market value fell 9% from 2022/23 ($16.5 million) to 2026/27.

How Midtown South compares: property tax per SF across NYC neighborhoods

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 2026-10-02; 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.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

38 East 29th Street reported an ENERGY STAR score of 91 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 50.4 kBtu per square foot, less than half the national median of 108.4 for a similar property. Its greenhouse gas emissions were about 270 metric tons of CO2e (4.5 kg per square foot).

ENERGY STAR score (2024)
91 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
50.4 kBtu/SF
National median for the type
108.4 kBtu/SF
Greenhouse gas emissions
270 t CO2e
Emissions per SF
4.5 kg CO2e
Floor area in the filing
60,000 SF

ENERGY STAR score by year

  • 202281 (B)
  • 202385 (A)
  • 202491 (A)

Energy sources in 2024

  • Fuel oil63%
  • Electricity37%

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 2026-10-02; 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 September 2026, the Department of Buildings issued first permits for 1 job at 38 East 29th Street. In the last two years, interior work was permitted on the cellar. The newest build-out, on the cellar and the roof, was first permitted in June 2026 (mechanical; filed cost estimate $39,000).

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
June 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
Cellar

Recent build-outs

  • Cellar, roofJune 2026Mechanical; est. $39,000; signed off

New jobs by year

  • 20211
  • 20220
  • 20230
  • 20240
  • 20250
  • 2026 to date1

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). 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.

Office space nearby in Midtown South

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Midtown South yet. These labeled examples show what tenants post. List a space in 38 East 29th Street and we match it against every new one automatically.

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Questions about 38 East 29th Street

How big is 38 East 29th Street?

38 East 29th Street has about 62,000 square feet of floor area in total, including 62,000 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 38 East 29th Street built?

City records list 1919 as the year built, with a major alteration recorded in 1986. The building is 10 floors tall.

What other addresses does 38 East 29th Street have?

City records list 38-42 East 29th Street on the same tax lot (BBL 1008580049) as 38 East 29th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 38 East 29th Street?

38 East 29th Street is in ZIP code 10016, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 38 East 29th Street, New York, NY 10016, in Midtown South.

What is the zoning at 38 East 29th Street?

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.06 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 38 East 29th Street?

The closest subway station to 38 East 29th Street is 28 St (the 6 train), about 350 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as partly accessible. Also nearby: 33 St (the 6 train), 4 min walk; 28 St (the R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 38 East 29th Street?

The NYC Department of Finance's 2026/27 assessment roll lists EAST 29 ASSOCIATES LLC as the owner of record of 38 East 29th Street (BBL 1008580049). 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 38 East 29th Street?

38 East 29th Street reported an ENERGY STAR score of 91 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 91 earns an A. 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 50.4 kBtu per square foot, less than half the national median of 108.4 for a similar property. Its greenhouse gas emissions were about 270 metric tons of CO2e (4.5 kg per square foot).

Is there construction at 38 East 29th Street?

In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 38 East 29th Street. In the last two years, interior work was permitted on the cellar. The newest build-out, on the cellar and the roof, was first permitted in June 2026 (mechanical; filed cost estimate $39,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008580049. 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 38 East 29th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.8 million for 38 East 29th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $737,317 a year, roughly $11.87 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008580049 show the actual bill.

What is the assessed value of 38 East 29th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 38 East 29th Street at $15.1 million ($4 million of it land) and its assessed value at $6.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 9% from 2022/23 ($16.5 million) to 2026/27.

Is there office space for lease at 38 East 29th Street?

No space at 38 East 29th 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.

1,677 buildings from city records

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