Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
Owners: got a fit?I have a fit
Office building with commercial space · Hudson Yards, Manhattan
481 Tenth Avenue
New York, NY 10018
481 Tenth Avenue is a 6-floor office building with commercial space in Hudson Yards, Manhattan, built in 1900, with about 64,000 square feet of office space according to city records.
Also at 477-483 Tenth Avenue and 500-506 West 37th Street.
- Office space
- 64K SF
- Floors
- 6
- Year built
- 1900
- Zoning
- C2-8
The 23rd largest of the 25 office buildings we track in Hudson Yards. Compare it with 6 neighbors
No space at 481 Tenth Avenue 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 481 Tenth Avenue compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 481 Tenth Avenue is the smallest by office floor area. Built in 1900, it is the oldest of them. Its estimated property tax, about $11.27 a square foot of floor area before abatements, is close to the neighbors' median of $11.04.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 481 Tenth Avenue | 64K SF | 6 | 1900 | $11.27 |
| 469 Tenth Avenue | 223K SF | 14 | 1915 | $11.04 |
| 514 West 36th Street | 1.1M SF | 50 | 2025 | Exempt |
| The Spiral, 527 West 34th Street | 2.2M SF | 66 | 2018 | Exempt |
| 400 Eleventh Avenue | 419K SF | 14 | 2018 | $8.24 |
| 50 Hudson Yards, 427 Tenth Avenue | 2.5M SF | 58 | 2019 | Exempt |
| 460 West 34th Street | 509K SF | 19 | 1927 | $24.03 |
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 addresses
- 477-483 Tenth Avenue; 500-506 West 37th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 85,442 SF
- Commercial floor area
- 85,442 SF
- Office
- 63,967 SF
- Retail
- 14,100 SF
- Height
- 6 floors
- Average floor
- About 14,200 SF (floor area divided by floors)
- Year built
- 1900
- Last major alteration
- 1991
- Lot area
- 14,812 SF
- Zoning district
- C2-8
- Built FAR
- 5.77
- Max commercial FAR
- 2
- Tax lot (BBL)
- 1007080037
Nearest subway
- 34 St-Hudson Yards
- 34 St-Penn Station
- 42 St-Port Authority Bus Terminal
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 481 Tenth Avenue 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 Hudson Yards
- 26.7%
- Share vacant along Tenth Avenue
- 10.7%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Hudson Yards? Get matchedStorefront vacancy across New York City
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 500 WEST 37TH STREETCO. as the owner of record. For tax year 2026/27 the city values 481 Tenth Avenue at $22.6 million and assesses it at $10.2 million. After phase-ins and exemptions its taxable value is $8.87 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 $962,691 a year before abatements, roughly $11.27 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
- 500 WEST 37TH STREETCO.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $22,612,000
- Land market value
- $2,630,000
- Assessed value
- $10,175,400
- Taxable value (phased in)
- $8,874,360
- Estimated yearly tax
- About $962,691
- Tax per SF of floor area
- About $11.27
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
481 Tenth Avenue reported an ENERGY STAR score of 60 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 67.1 kBtu per square foot, 13% below the national median of 77.5 for a similar property. Its greenhouse gas emissions were about 595 metric tons of CO2e (6.9 kg per square foot).
- ENERGY STAR score (2024)
- 60 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 67.1 kBtu/SF
- National median for the type
- 77.5 kBtu/SF
- Greenhouse gas emissions
- 595 t CO2e
- Emissions per SF
- 6.9 kg CO2e
- Floor area in the filing
- 86,212 SF
ENERGY STAR score by year
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 2026-10-02; 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
The Department of Buildings issued no permits for new jobs at 481 Tenth Avenue in the 12 months to September 2026; the last one was first permitted in October 2022.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- October 2022
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Hudson YardsWhere 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.
Office space nearby in Hudson Yards
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 Hudson Yards yet. These labeled examples show what tenants post. List a space in 481 Tenth Avenue and we match it against every new one automatically.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
Rentable vs usable square feet and the loss factor, explained
Rentable vs usable square feet in NYC: what the loss factor is, how to calculate it, and why two 5,000 SF suites at the same rent can be very different deals.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 481 Tenth Avenue
How big is 481 Tenth Avenue?
481 Tenth Avenue has about 85,000 square feet of floor area in total, including 64,000 square feet of office and 14,000 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 481 Tenth Avenue built?
City records list 1900 as the year built, with a major alteration recorded in 1991. The building is 6 floors tall.
What other addresses does 481 Tenth Avenue have?
City records list 477-483 Tenth Avenue and 500-506 West 37th Street on the same tax lot (BBL 1007080037) as 481 Tenth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 481 Tenth Avenue?
481 Tenth Avenue is in ZIP code 10018, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 481 Tenth Avenue, New York, NY 10018, in Hudson Yards.
What is the zoning at 481 Tenth Avenue?
The lot is in the C2-8 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.77 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 481 Tenth Avenue?
The closest subway station to 481 Tenth Avenue is 34 St-Hudson Yards (the 7 train), about 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the A, C and E trains), 8 min walk; 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), 9 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 481 Tenth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 500 WEST 37TH STREETCO. as the owner of record of 481 Tenth Avenue (BBL 1007080037). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 481 Tenth Avenue?
481 Tenth Avenue reported an ENERGY STAR score of 60 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 60 earns a C. 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 67.1 kBtu per square foot, 13% below the national median of 77.5 for a similar property. Its greenhouse gas emissions were about 595 metric tons of CO2e (6.9 kg per square foot).
Is there construction at 481 Tenth Avenue?
The Department of Buildings issued no permits for new jobs at 481 Tenth Avenue in the 12 months to September 2026; the last one was first permitted in October 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 1007080037. 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 481 Tenth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $8.87 million for 481 Tenth Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $962,691 a year, roughly $11.27 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007080037 show the actual bill.
What is the assessed value of 481 Tenth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 481 Tenth Avenue at $22.6 million ($2.63 million of it land) and its assessed value at $10.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 34% from 2022/23 ($16.9 million) to 2026/27.
Are there vacant storefronts at 481 Tenth Avenue?
Owners registered 2 storefronts at 481 Tenth Avenue 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 481 Tenth Avenue?
No space at 481 Tenth Avenue 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
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Hudson Yards
Transit hubs in Hudson Yards
- 7 at 34 St-Hudson Yards
- A C E at 34 St-Penn Station