Office building with commercial space · Washington Heights, Manhattan
516 West 181st Street
New York, NY 10033
516 West 181st Street is a 6-floor office building with commercial space in Washington Heights, Manhattan, built in 1917, with about 52,000 square feet of office space according to city records.
Also at 309 Audubon Avenue and 516-520 West 181st Street.
- Office space
- 52K SF
- Floors
- 6
- Year built
- 1917
- Zoning
- C8-3
The 3rd largest of the 3 office buildings we track in Washington Heights. Compare it with 3 neighbors
No space at 516 West 181st 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 516 West 181st Street compares
Next to the 3 nearest large commercial buildings, all within a 15 minute walk, 516 West 181st Street ranks 3rd of 4 by commercial floor area. It went up in 1917; the median neighbor dates from 1900.
| Building | Commercial space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 516 West 181st Street | 62K SF | 6 | 1917 | $8.58 |
| 2420 Amsterdam Avenue | 159K SF | 22 | 2019 | $12.77 |
| 600 West 181st Street | 53K SF | 2 | 1900 | $25.47 |
| Lasker Biomedical Research Building, 3940 Broadway | 127K SF | 6 | 1900 | Exempt |
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
- 309 Audubon Avenue; 516-520 West 181st Street
- ZIP code
- 10033
- Building type
- Office building with commercial space (city class O5)
- Total floor area
- 61,602 SF
- Commercial floor area
- 61,602 SF
- Office
- 51,966 SF
- Retail
- 9,636 SF
- Height
- 6 floors
- Average floor
- About 10,300 SF (floor area divided by floors)
- Year built
- 1917
- Last major alteration
- 2018
- Lot area
- 9,450 SF
- Zoning district
- C8-3
- Built FAR
- 6.52
- Max commercial FAR
- 2
- Tax lot (BBL)
- 1021520067
Nearest subway
- 181 St
- 181 St
- 175 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 ESERAC REALTY CORP as the owner of record. For tax year 2026/27 the city values 516 West 181st Street at $11.6 million and assesses it at $5.21 million. After phase-ins and exemptions its taxable value is $4.87 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 $528,542 a year before abatements, roughly $8.58 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
- ESERAC REALTY CORP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $11,570,000
- Land market value
- $600,000
- Assessed value
- $5,206,500
- Taxable value (phased in)
- $4,872,250
- Estimated yearly tax
- About $528,542
- Tax per SF of floor area
- About $8.58
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
516 West 181st Street reported an ENERGY STAR score of 71 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 41.3 kBtu per square foot, 26% below the national median of 55.6 for a similar property. Its greenhouse gas emissions were about 272 metric tons of CO2e (4.42 kg per square foot).
- ENERGY STAR score (2024)
- 71 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 41.3 kBtu/SF
- National median for the type
- 55.6 kBtu/SF
- Greenhouse gas emissions
- 272 t CO2e
- Emissions per SF
- 4.42 kg CO2e
- Floor area in the filing
- 61,602 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 516 West 181st Street in the 12 months to September 2026; the last one was first permitted in December 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- December 2023
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Washington HeightsWhere 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
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 516 West 181st Street
How big is 516 West 181st Street?
516 West 181st Street has about 62,000 square feet of floor area in total, including 52,000 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 516 West 181st Street built?
City records list 1917 as the year built, with a major alteration recorded in 2018. The building is 6 floors tall.
What other addresses does 516 West 181st Street have?
City records list 309 Audubon Avenue and 516-520 West 181st Street on the same tax lot (BBL 1021520067) as 516 West 181st Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 516 West 181st Street?
516 West 181st Street is in ZIP code 10033, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 516 West 181st Street, New York, NY 10033, in Washington Heights.
What is the zoning at 516 West 181st Street?
The lot is in the C8-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 6.52 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to 516 West 181st Street?
The closest subway station to 516 West 181st Street is 181 St (the 1 train), about 550 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 181 St (the A train), 8 min walk; 175 St (the A train), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 516 West 181st Street?
The NYC Department of Finance's 2026/27 assessment roll lists ESERAC REALTY CORP as the owner of record of 516 West 181st Street (BBL 1021520067). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 516 West 181st Street?
516 West 181st Street reported an ENERGY STAR score of 71 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 71 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 41.3 kBtu per square foot, 26% below the national median of 55.6 for a similar property. Its greenhouse gas emissions were about 272 metric tons of CO2e (4.42 kg per square foot).
Is there construction at 516 West 181st Street?
The Department of Buildings issued no permits for new jobs at 516 West 181st Street in the 12 months to September 2026; the last one was first permitted in December 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 1021520067. 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 516 West 181st Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.87 million for 516 West 181st Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $528,542 a year, roughly $8.58 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1021520067 show the actual bill.
What is the assessed value of 516 West 181st Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 516 West 181st Street at $11.6 million ($600,000 of it land) and its assessed value at $5.21 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($10.3 million) to 2026/27.
Is there office space for lease at 516 West 181st Street?
No space at 516 West 181st 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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Transit hubs in Washington Heights
- A C at 168 St
- 1 at 168 St-Washington Hts
- A at 181 St
- 1 at 181 St