Office building with commercial space · Midtown South, Manhattan

44 East 32nd Street

New York, NY 10016

44 East 32nd Street is a 12-floor office building with commercial space in Midtown South, Manhattan, built in 1916, with about 74,000 square feet of office space according to city records.

Also at 44-50 East 32nd Street.

Office space
74K SF
Floors
12
Year built
1916
Zoning
C5-2

The 113th 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 44 East 32nd Street compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 44 East 32nd Street is the smallest by office floor area. It went up in 1916; the median neighbor dates from 1916. Its estimated property tax, about $9.38 a square foot of floor area before abatements, is below the neighbors' median of $13.41.

44 East 32nd 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
44 East 32nd StreetThis building74K SF121916$9.38Dec 2018, $59M
38 East 32nd Street1 min walk74K SF121912$9.11n/a
462 Park Avenue South1 min walk195K SF171925$17.56Dec 2024, $148M
2 Park Avenue1 min walk797K SF251928$14.48Dec 2024, $357M
147 Madison Avenue1 min walk111K SF121917$17.45Feb 2023, $77M
36 East 31st Street1 min walk139K SF121915$5.98n/a
135 Madison Avenue1 min walk151K SF121912$12.33n/a
The 113th 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); 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
44-50 East 32nd Street
ZIP code
10016
Building type
Office building with commercial space (city class O6)
Total floor area
83,623 SF
Commercial floor area
83,623 SF
Office
73,623 SF
Retail
10,000 SF
Height
12 floors
Average floor
About 7,000 SF (floor area divided by floors)
Year built
1916
Last major alteration
2013
Lot area
7,340 SF
Zoning district
C5-2
Built FAR
11.39
Max commercial FAR
10
Tax lot (BBL)
1008610047

Nearest subway

  • 33 St1 min walk · Not accessible
  • 28 St4 min walk · Partly accessible
  • 28 St6 min walk · Not accessible

Nearby large buildings

All 15 large office buildings on East 32nd Street

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 2 storefronts at 44 East 32nd 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
2
Vacant that day
0
Share vacant across Midtown South
12.7%
Share vacant along East 32nd Street
4.3%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 2019None registered
  • 20200 of 2
  • 20210 of 2
  • 20220 of 2
  • 2023None registered
  • 20240 of 2

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 2026-10-02. 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 KIAMIE 44 EAST, LLC as the owner of record. For tax year 2026/27 the city values 44 East 32nd Street at $20 million and assesses it at $8.99 million. After phase-ins and exemptions its taxable value is $7.23 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 $784,385 a year before abatements, roughly $9.38 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
KIAMIE 44 EAST, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$19,985,000
Land market value
$4,092,000
Assessed value
$8,993,250
Taxable value (phased in)
$7,230,690
Estimated yearly tax
About $784,385
Tax per SF of floor area
About $9.38

City market value by tax year

  • 2022/23$11.6 million
  • 2023/24$14.4 million
  • 2024/25$16.7 million
  • 2025/26$17.6 million
  • 2026/27$20 million

Market value rose 73% from 2022/23 ($11.6 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 property records (ACRIS)

Sales history

44 East 32nd Street last sold in December 2018 for $59 million, according to the deed recorded with the city. BASSETT PROPERTIES LIMITED PARTNERSHIP sold it to KIAMIE 44 EAST, LLC. That comes to about $706 per square foot of floor area.

Last sale (deed date)
December 12, 2018
Price
$59,000,000
Price per SF of floor area
About $706
Seller
BASSETT PROPERTIES LIMITED PARTNERSHIP
Buyer
KIAMIE 44 EAST, LLC
Deed recorded
December 18, 2018
ACRIS document
2018121400525001
All 31 building sales in Midtown South since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; 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.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

44 East 32nd Street reported an ENERGY STAR score of 84 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 53.8 kBtu per square foot, 42% below the national median of 93.1 for a similar property. Its greenhouse gas emissions were about 412 metric tons of CO2e (4.93 kg per square foot).

ENERGY STAR score (2024)
84 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
53.8 kBtu/SF
National median for the type
93.1 kBtu/SF
Greenhouse gas emissions
412 t CO2e
Emissions per SF
4.93 kg CO2e
Floor area in the filing
83,623 SF

Energy sources in 2024

  • Electricity52%
  • Fuel oil29%
  • Natural gas18%

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 2 jobs at 44 East 32nd Street. In the last two years, interior work was permitted on 3 floors (floors 4 to 6). The newest build-out, on floors 4 and 5, was first permitted in April 2026 (construction; filed cost estimate $53,000).

New jobs, last 12 months
2
Initial permits, last 12 months
2
Newest job first permitted
April 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
4 to 6

Recent build-outs

  • Floors 4 and 5April 2026Construction; est. $53,000; signed off
  • Floor 6March 2026Construction; est. $175,000; signed off

New jobs by year

  • 20211
  • 20224
  • 20230
  • 20240
  • 20250
  • 2026 to date2

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 44 East 32nd Street and we match it against every new one automatically.

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Questions about 44 East 32nd Street

How big is 44 East 32nd Street?

44 East 32nd Street has about 84,000 square feet of floor area in total, including 74,000 square feet of office and 10,000 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 44 East 32nd Street built?

City records list 1916 as the year built, with a major alteration recorded in 2013. The building is 12 floors tall.

What other addresses does 44 East 32nd Street have?

City records list 44-50 East 32nd Street on the same tax lot (BBL 1008610047) as 44 East 32nd Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 44 East 32nd Street?

44 East 32nd 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 44 East 32nd Street, New York, NY 10016, in Midtown South.

What is the zoning at 44 East 32nd Street?

The lot is in the C5-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.39 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 44 East 32nd Street?

The closest subway station to 44 East 32nd Street is 33 St (the 6 train), about 250 feet away in a straight line, roughly 1 minute on foot. Also nearby: 28 St (the 6 train), 4 min walk; 28 St (the R and W trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 44 East 32nd Street?

The NYC Department of Finance's 2026/27 assessment roll lists KIAMIE 44 EAST, LLC as the owner of record of 44 East 32nd Street (BBL 1008610047). 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 44 East 32nd Street last sold?

44 East 32nd Street last sold in December 2018 for $59 million, according to the deed recorded with the city. BASSETT PROPERTIES LIMITED PARTNERSHIP sold it to KIAMIE 44 EAST, LLC. That comes to about $706 per square foot of floor area. The deed is ACRIS document 2018121400525001 (BBL 1008610047) 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.

What is the energy grade of 44 East 32nd Street?

44 East 32nd Street reported an ENERGY STAR score of 84 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 84 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 53.8 kBtu per square foot, 42% below the national median of 93.1 for a similar property. Its greenhouse gas emissions were about 412 metric tons of CO2e (4.93 kg per square foot).

Is there construction at 44 East 32nd Street?

In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 44 East 32nd Street. In the last two years, interior work was permitted on 3 floors (floors 4 to 6). The newest build-out, on floors 4 and 5, was first permitted in April 2026 (construction; filed cost estimate $53,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008610047. 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 44 East 32nd Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.23 million for 44 East 32nd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $784,385 a year, roughly $9.38 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008610047 show the actual bill.

What is the assessed value of 44 East 32nd Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 44 East 32nd Street at $20 million ($4.09 million of it land) and its assessed value at $8.99 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 73% from 2022/23 ($11.6 million) to 2026/27.

Are there vacant storefronts at 44 East 32nd Street?

Owners registered 2 storefronts at 44 East 32nd 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 44 East 32nd Street?

No space at 44 East 32nd 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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