Office building with commercial space · SoHo, Manhattan

42 Greene Street

New York, NY 10013

42 Greene Street is a 5-floor office building with commercial space in SoHo, Manhattan, built in 1900, with about 37,000 square feet of office space according to city records.

Also at 46-50 Greene Street.

Office space
37K SF
Floors
5
Year built
1900
Zoning
M1-5/R7X

Office space next to its nearest neighbors

  1. 90 Grand Street1 min walk45K SF
  2. 483 Broadway1 min walk42K SF
  3. 42 Greene StreetThis building37K SF

The 40th largest of the 42 office buildings we track in SoHo. Compare it with 6 neighbors

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Compared with its neighbors

How 42 Greene Street compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 42 Greene Street is the smallest by office floor area. It went up in 1900; the median neighbor dates from 1876. Its estimated property tax, about $26.40 a square foot of floor area before abatements, is above the neighbors' median of $18.41.

42 Greene Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
42 Greene StreetThis building37K SF51900$26.40May 2008, $49M (2 lots)
90 Grand Street1 min walk45K SF51867$21.01May 2008, $49M (2 lots)
483 Broadway1 min walk42K SF51870$19.31n/a
107 Grand Street1 min walk56K SF81882$6.52n/a
451 Broadway2 min walk50K SF51869$13.33n/a
495 Broadway2 min walk61K SF81893$17.51n/a
511 Broadway2 min walk124K SF51900$26.73n/a
The 40th largest of the 42 office buildings we track in SoHo: 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); 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
46-50 Greene Street
ZIP code
10013
Building type
Office building with commercial space (city class O5)
Total floor area
47,621 SF
Commercial floor area
47,621 SF
Office
36,571 SF
Retail
11,050 SF
Height
5 floors
Average floor
About 9,500 SF (floor area divided by floors)
Year built
1900
Last major alteration
2015
Lot area
11,067 SF
Zoning district
M1-5/R7X
Built FAR
4.3
Max commercial FAR
5
Historic district
SoHo-Cast Iron Historic District
Tax lot (BBL)
1004740001

Nearest subway

  • Canal St3 min walk · Accessible station
  • Canal St4 min walk · Not accessible
  • Spring St5 min walk · Not accessible

Nearby large buildings

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 4 storefronts at 42 Greene Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2024
4
Vacant that day
0
Share vacant across SoHo
8.3%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20190 of 3
  • 20200 of 4
  • 20210 of 4
  • 20221 of 4
  • 20230 of 4
  • 20240 of 4

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 2024, pulled 2026-10-08. 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 2024 filing was due June 3, 2025, 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 GRAND GREENE, LLC as the owner of record. For tax year 2026/27 the city values 42 Greene Street at $25.8 million and assesses it at $11.6 million. After phase-ins and exemptions its taxable value is $11.6 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 $1.26 million a year before abatements, roughly $26.40 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
GRAND GREENE, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$25,750,000
Land market value
$3,770,000
Assessed value
$11,587,500
Estimated yearly tax
About $1.26 million
Tax per SF of floor area
About $26.40

City market value by tax year

  • 2022/23$31.3 million
  • 2023/24$37 million
  • 2024/25$34.5 million
  • 2025/26$30.1 million
  • 2026/27$25.8 million

Market value fell 18% from 2022/23 ($31.3 million) to 2026/27.

How SoHo compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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 2026-10-08; 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

42 Greene Street last sold in May 2008 in a $49 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. D&R REALTY CORP. sold it to GRAND GREENE LLC.

Last sale (deed date)
May 20, 2008
Combined price
$49,000,000 for 2 tax lots
Seller
D&R REALTY CORP.
Buyer
GRAND GREENE LLC
Deed recorded
June 18, 2008
ACRIS document
2008060600200001
All 12 building sales in SoHo since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; 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; a price for several tax lots is the combined price, not this building's alone.

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 1 job at 42 Greene Street. In the last two years, interior work was permitted on one floor (floor 3). The newest build-out, on floor 3, was first permitted in July 2026 (construction; filed cost estimate $150,000).

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
July 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
3

Recent build-outs

  • Floor 3July 2026Construction; est. $150,000

New jobs by year

  • 20210
  • 20222
  • 20231
  • 20240
  • 20250
  • 2026 to date1

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.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about 42 Greene Street

How big is 42 Greene Street?

42 Greene Street has about 48,000 square feet of floor area in total, including 37,000 square feet of office and 11,000 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 42 Greene Street built?

City records list 1900 as the year built, with a major alteration recorded in 2015. The building is 5 floors tall.

What other addresses does 42 Greene Street have?

City records list 46-50 Greene Street on the same tax lot (BBL 1004740001) as 42 Greene Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 42 Greene Street?

42 Greene Street is in ZIP code 10013, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 42 Greene Street, New York, NY 10013, in SoHo.

What is the zoning at 42 Greene Street?

The lot is in the M1-5/R7X zoning district. PLUTO lists a built floor area ratio (FAR) of 4.3 and a maximum commercial FAR of 5 for this lot. It is inside the SoHo-Cast Iron Historic District, so exterior changes go through the Landmarks Preservation Commission.

What subway station is closest to 42 Greene Street?

The closest subway station to 42 Greene Street is Canal St (the 6, J, N, Q, R, W and Z trains), about 850 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: Canal St (the A, C and E trains), 4 min walk; Spring St (the 6 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 42 Greene Street?

The NYC Department of Finance's 2026/27 assessment roll lists GRAND GREENE, LLC as the owner of record of 42 Greene Street (BBL 1004740001). 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.

When was 42 Greene Street last sold?

42 Greene Street last sold in May 2008 in a $49 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. D&R REALTY CORP. sold it to GRAND GREENE LLC. The deed is ACRIS document 2008060600200001 (BBL 1004740001) 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 42 Greene Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 42 Greene Street. In the last two years, interior work was permitted on one floor (floor 3). The newest build-out, on floor 3, was first permitted in July 2026 (construction; filed cost estimate $150,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1004740001. 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 42 Greene Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $11.6 million for 42 Greene Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.26 million a year, roughly $26.40 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1004740001 show the actual bill.

What is the assessed value of 42 Greene Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 42 Greene Street at $25.8 million ($3.77 million of it land) and its assessed value at $11.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 18% from 2022/23 ($31.3 million) to 2026/27.

Are there vacant storefronts at 42 Greene Street?

Owners registered 4 storefronts at 42 Greene Street for December 31, 2024, 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 42 Greene Street?

No space at 42 Greene 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.

2,180 buildings from city records

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