Office building · Hell's Kitchen, Manhattan
432 West 45th Street
New York, NY 10036
432 West 45th Street is a 7-floor office building in Hell's Kitchen, Manhattan, built in 1880, with about 51,000 square feet of office space according to city records.
Also at 428-436 West 45th Street.
- Office space
- 51K SF
- Floors
- 7
- Year built
- 1880
- Zoning
- R8
The 15th largest of the 15 office buildings we track in Hell's Kitchen. Compare it with 6 neighbors
No space at 432 West 45th Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 432 West 45th Street compares
Next to the 6 nearest large office buildings, all within a 5 minute walk, 432 West 45th Street is the smallest by office floor area. Built in 1880, it is the oldest of them. Its estimated property tax, about $8.15 a square foot of floor area before abatements, is below the neighbors' median of $12.20.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 432 West 45th Street | 51K SF | 7 | 1880 | $8.15 | n/a |
| 420 West 45th Street | 59K SF | 7 | 1910 | $8.22 | n/a |
| Film Center Building, 630 Ninth Avenue | 218K SF | 13 | 1929 | $11.15 | n/a |
| 535 West 45th Street | 93K SF | 11 | 1930 | $12.16 | n/a |
| 315 West 44th Street | 163K SF | 10 | 1931 | $14.24 | Sep 2024, $40.5M |
| 311 West 43rd Street | 150K SF | 14 | 1925 | $12.24 | n/a |
| 636 Eleventh Avenue | 530K SF | 11 | 1917 | $19.51 | Apr 2005, $95M |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 428-436 West 45th Street
- ZIP code
- 10036
- Building type
- Office building (city class O3)
- Total floor area
- 51,509 SF
- Commercial floor area
- 51,509 SF
- Office
- 50,744 SF
- Height
- 7 floors
- Average floor
- About 7,400 SF (floor area divided by floors)
- Year built
- 1880
- Lot area
- 12,553 SF
- Zoning district
- R8
- Built FAR
- 4.1
- Tax lot (BBL)
- 1010540048
Nearest subway
- 42 St-Port Authority Bus Terminal
- 50 St
- 49 St
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 REISS REALTY CORP as the owner of record. For tax year 2026/27 the city values 432 West 45th Street at $8.96 million and assesses it at $4.03 million. After phase-ins and exemptions its taxable value is $3.87 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 $419,744 a year before abatements, roughly $8.15 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
- REISS REALTY CORP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,955,000
- Land market value
- $2,130,000
- Assessed value
- $4,029,750
- Taxable value (phased in)
- $3,869,320
- Estimated yearly tax
- About $419,744
- Tax per SF of floor area
- About $8.15
City market value by tax year
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 Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 432 West 45th Street in the 12 months to September 2026; the last one was first permitted in July 2025. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in July 2025 (construction, plumbing, structural; filed cost estimate $100,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- July 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across Hell's KitchenWhere NYC offices are being built out
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.
Before you sign
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Questions about 432 West 45th Street
How big is 432 West 45th Street?
432 West 45th Street has about 52,000 square feet of floor area in total, including 51,000 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 432 West 45th Street built?
City records list 1880 as the year built. The building is 7 floors tall.
What other addresses does 432 West 45th Street have?
City records list 428-436 West 45th Street on the same tax lot (BBL 1010540048) as 432 West 45th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 432 West 45th Street?
432 West 45th Street is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 432 West 45th Street, New York, NY 10036, in Hell's Kitchen.
What is the zoning at 432 West 45th Street?
The lot is in the R8 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.1 for this lot.
What subway station is closest to 432 West 45th Street?
The closest subway station to 432 West 45th Street is 42 St-Port Authority Bus Terminal (the A, C, E, 1, 2, 3, 7, N, Q, R, W and S trains, connected to Times Sq-42 St), about 0.3 miles away in a straight line, roughly 6 minutes on foot. The MTA lists it as an accessible station. Also nearby: 50 St (the C and E trains), 8 min walk; 49 St (the N, R and W trains), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 432 West 45th Street?
The NYC Department of Finance's 2026/27 assessment roll lists REISS REALTY CORP as the owner of record of 432 West 45th Street (BBL 1010540048). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 432 West 45th Street?
The Department of Buildings issued no permits for new jobs at 432 West 45th Street in the 12 months to September 2026; the last one was first permitted in July 2025. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in July 2025 (construction, plumbing, structural; filed cost estimate $100,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010540048. 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 432 West 45th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.87 million for 432 West 45th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $419,744 a year, roughly $8.15 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010540048 show the actual bill.
What is the assessed value of 432 West 45th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 432 West 45th Street at $8.96 million ($2.13 million of it land) and its assessed value at $4.03 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($8.41 million) to 2026/27.
Is there office space for lease at 432 West 45th Street?
No space at 432 West 45th 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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Hell's Kitchen
Transit hubs in Hell's Kitchen
- C E at 50 St
- 1 at 50 St
- A C E at 42 St-Port Authority