Office condominium · Upper East Side, Manhattan
407 East 61st Street
New York, NY 10065
407 East 61st Street is a 7-floor office condominium in the Upper East Side, Manhattan, built in 1928, with about 39,000 square feet of office space according to city records.
Also at 407-413 East 61st Street.
- Office space
- 39K SF
- Floors
- 7
- Year built
- 1928
- Zoning
- C8-4
The 15th largest of the 18 office buildings we track in the Upper East Side. Compare it with 6 neighbors
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Compared with its neighbors
How 407 East 61st Street compares
Next to the 6 nearest large office buildings, all within a 6 minute walk, 407 East 61st Street ranks 5th of 7 by office floor area. It went up in 1928; the median neighbor dates from 1965. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 407 East 61st Street | 39K SF | 7 | 1928 | Exempt | n/a |
| 409 East 60th Street | 35K SF | 5 | 1930 | $28.14 | May 2011, $24M |
| 323 East 61st Street | 50K SF | 6 | 2019 | Exempt | n/a |
| 321 East 61st Street | 79K SF | 7 | 2017 | Exempt | n/a |
| 306 East 61st Street | 61K SF | 7 | 1901 | $11.71 | Feb 2018, $47M |
| 315 East 62nd Street | 63K SF | 6 | 1930 | $14.77 | Sep 2007, $31.3M |
| 222 East 59th Street | 38K SF | 5 | 2001 | $13.32 | 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 address
- 407-413 East 61st Street
- ZIP code
- 10065
- Building type
- Office condominium (city class RB)
- Total floor area
- 39,057 SF
- Commercial floor area
- 39,057 SF
- Office
- 39,057 SF
- Height
- 7 floors
- Average floor
- About 5,600 SF (floor area divided by floors)
- Year built
- 1928
- Last major alteration
- 2007
- Lot area
- 9,602 SF
- Zoning district
- C8-4
- Built FAR
- 4.07
- Max commercial FAR
- 5
- Tax lot (BBL)
- 1014567502
Nearest subway
- Roosevelt Island
- Lexington Av/59 St
- Lexington Av/63 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 Department of Finance records
Owner, property tax and assessed value
407 East 61st Street is a condominium of 2 tax lots. CORNELL UNIVERSITY owns the units that make up 100% of its market value. For tax year 2026/27 the city values 407 East 61st Street at $30.7 million and assesses it at $13.8 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
- Largest unit owner
- CORNELL UNIVERSITY (100% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $30,686,000
- Land market value
- $2,500,000
- Assessed value
- $13,808,700
- Exemptions
- $13,808,700
- Estimated yearly tax
- Fully exempt on the roll
- Condominium tax lots
- 2
- Owners of record
- 1
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-08. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
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NYC energy benchmarking (Local Law 84)
Energy use and emissions
407 East 61st Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 300.5 kBtu per square foot, 75% above the national median of 171.4 for a similar property. Its greenhouse gas emissions were about 1,685 metric tons of CO2e (24.56 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Laboratory
- Site energy use intensity
- 300.5 kBtu/SF
- National median for the type
- 171.4 kBtu/SF
- Greenhouse gas emissions
- 1,685 t CO2e
- Emissions per SF
- 24.56 kg CO2e
- Floor area in the filing
- 68,635 SF
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 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 407 East 61st Street in the 12 months to October 2026; the last one was first permitted in December 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- December 2024
- Interior build-outs, last 24 months
- 0
- Facade and sidewalk jobs, last 24 months
- 1
New jobs by year
Build-outs across the Upper East SideWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). 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 407 East 61st Street
How big is 407 East 61st Street?
407 East 61st Street has about 39,000 square feet of floor area in total, including 39,000 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 407 East 61st Street built?
City records list 1928 as the year built, with a major alteration recorded in 2007. The building is 7 floors tall.
What other addresses does 407 East 61st Street have?
City records list 407-413 East 61st Street on the same tax lot (BBL 1014567502) as 407 East 61st Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 407 East 61st Street?
407 East 61st Street is in ZIP code 10065, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 407 East 61st Street, New York, NY 10065, in the Upper East Side.
What is the zoning at 407 East 61st Street?
The lot is in the C8-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.07 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 407 East 61st Street?
The closest subway station to 407 East 61st Street is Roosevelt Island (the M train), about 0.4 miles away in a straight line, roughly 8 minutes on foot. The MTA lists it as an accessible station. Also nearby: Lexington Av/59 St (the N, R, W, 4, 5 and 6 trains, connected to 59 St), 8 min walk; Lexington Av/63 St (the M and Q trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 407 East 61st Street?
407 East 61st Street is a condominium of 2 tax lots. CORNELL UNIVERSITY owns the units that make up 100% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1014567502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Does 407 East 61st Street have an energy grade?
407 East 61st Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 300.5 kBtu per square foot, 75% above the national median of 171.4 for a similar property. Its greenhouse gas emissions were about 1,685 metric tons of CO2e (24.56 kg per square foot).
Is there construction at 407 East 61st Street?
The Department of Buildings issued no permits for new jobs at 407 East 61st Street in the 12 months to October 2026; the last one was first permitted in December 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1014567502. 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 407 East 61st Street?
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 407 East 61st Street (the sum of its 2 condominium tax lots), so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1014567502 show what is actually billed.
What is the assessed value of 407 East 61st Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 407 East 61st Street at $30.7 million ($2.5 million of it land) and its assessed value at $13.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 43% from 2022/23 ($21.4 million) to 2026/27.
Is there office space for lease at 407 East 61st Street?
No space at 407 East 61st 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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