Office condominium · Hell's Kitchen, Manhattan
535 West 45th Street
New York, NY 10036
535 West 45th Street is an 11-floor office condominium in Hell's Kitchen, Manhattan, built in 1930, with about 93,000 square feet of office space according to city records.
Also at 535-547 West 45th Street.
- Office space
- 93K SF
- Floors
- 11
- Year built
- 1930
- Zoning
- R8
The 12th largest of the 15 office buildings we track in Hell's Kitchen. Compare it with 6 neighbors
No space at 535 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 535 West 45th Street compares
Next to the 6 nearest large office buildings, all within a 6 minute walk, 535 West 45th Street ranks 5th of 7 by office floor area. It went up in 1930; the median neighbor dates from 1918. Its estimated property tax, about $12.16 a square foot of floor area before abatements, is above the neighbors' median of $10.40.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 535 West 45th Street | 93K SF | 11 | 1930 | $12.16 | n/a |
| 636 Eleventh Avenue | 530K SF | 11 | 1917 | $19.51 | Apr 2005, $95M |
| 514 West 49th Street | 102K SF | 4 | 1920 | Exempt | n/a |
| 432 West 45th Street | 51K SF | 7 | 1880 | $8.15 | n/a |
| 420 West 45th Street | 59K SF | 7 | 1910 | $8.22 | n/a |
| 601 West 50th Street | 104K SF | 6 | 1940 | $10.40 | Feb 2022, $95M (2 lots) |
| Film Center Building, 630 Ninth Avenue | 218K SF | 13 | 1929 | $11.15 | n/a |
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
- 535-547 West 45th Street
- ZIP code
- 10036
- Building type
- Office condominium (city class RB)
- Total floor area
- 130,400 SF
- Commercial floor area
- 130,400 SF
- Office
- 93,000 SF
- Industrial and storage
- 37,400 SF
- Height
- 11 floors
- Average floor
- About 11,900 SF (floor area divided by floors)
- Year built
- 1930
- Lot area
- 12,552 SF
- Zoning district
- R8
- Built FAR
- 10.39
- Tax lot (BBL)
- 1010747501
Nearest subway
- 42 St-Port Authority Bus Terminal
- 50 St
- 34 St-Hudson Yards
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
535 West 45th Street is a condominium of 11 tax lots with 11 owners of record, none holding half of its market value. For tax year 2026/27 the city values 535 West 45th Street at $34.4 million and assesses it at $15.5 million. After phase-ins and exemptions its taxable value is $14.6 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 $1.59 million a year before abatements, roughly $12.16 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $34,371,217
- Land market value
- $2,494,002
- Assessed value
- $15,467,047
- Taxable value (phased in)
- $14,617,146
- Estimated yearly tax
- About $1.59 million
- Tax per SF of floor area
- About $12.16
- Condominium tax lots
- 11
- Owners of record
- 11
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 11 condominium tax lots; 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 use and emissions
535 West 45th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 64 kBtu per square foot, about the same as the national median of 61.5 for a similar property. Its greenhouse gas emissions were about 762 metric tons of CO2e (5.31 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 64 kBtu/SF
- National median for the type
- 61.5 kBtu/SF
- Greenhouse gas emissions
- 762 t CO2e
- Emissions per SF
- 5.31 kg CO2e
- Floor area in the filing
- 143,440 SF
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.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 535 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 7). The newest build-out, on floor 7, was first permitted in July 2025 (construction; filed cost estimate $315,000).
- 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
- 7
- Facade and sidewalk jobs, 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
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 535 West 45th Street
How big is 535 West 45th Street?
535 West 45th Street has about 130,000 square feet of floor area in total, including 93,000 square feet of office and 37,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 535 West 45th Street built?
City records list 1930 as the year built. The building is 11 floors tall.
What other addresses does 535 West 45th Street have?
City records list 535-547 West 45th Street on the same tax lot (BBL 1010747501) as 535 West 45th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 535 West 45th Street?
535 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 535 West 45th Street, New York, NY 10036, in Hell's Kitchen.
What is the zoning at 535 West 45th Street?
The lot is in the R8 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.39 for this lot.
What subway station is closest to 535 West 45th Street?
The closest subway station to 535 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 0.5 miles away in a straight line, roughly 10 minutes on foot. The MTA lists it as an accessible station. Also nearby: 50 St (the C and E trains), 10 min walk; 34 St-Hudson Yards (the 7 train), 11 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 535 West 45th Street?
535 West 45th Street is a condominium of 11 tax lots with 11 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1010747501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Does 535 West 45th Street have an energy grade?
535 West 45th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 64 kBtu per square foot, about the same as the national median of 61.5 for a similar property. Its greenhouse gas emissions were about 762 metric tons of CO2e (5.31 kg per square foot).
Is there construction at 535 West 45th Street?
The Department of Buildings issued no permits for new jobs at 535 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 7). The newest build-out, on floor 7, was first permitted in July 2025 (construction; filed cost estimate $315,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010747501. 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 535 West 45th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $14.6 million for 535 West 45th Street (the sum of its 11 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.59 million a year, roughly $12.16 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010747501 show the actual bill.
What is the assessed value of 535 West 45th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 535 West 45th Street at $34.4 million ($2.49 million of it land) and its assessed value at $15.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($30 million) to 2026/27.
Is there office space for lease at 535 West 45th Street?
No space at 535 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.
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.
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