Office building · Financial District, Manhattan

56 Nassau Street

New York, NY 10038

56 Nassau Street is a 27-floor office building in the Financial District, Manhattan, built in 1986, with about 554,000 square feet of office space according to city records.

Also at 1 Federal Reserve Plaza, 2 Federal Reserve Plaza, 32-40 John Street, 29-39 Maiden Lane and 1 more.

Office space
554K SF
Floors
27
Year built
1986
Zoning
C5-5

Office space next to its nearest neighbors

  1. 59 Maiden Lane1 min walk1.0M SF
  2. Federal Reserve Bank of New York Building1 min walk640K SF
  3. 56 Nassau StreetThis building554K SF
  4. 15 Maiden Lane1 min walk123K SF

The 42nd largest of the 106 office buildings we track in the Financial District. Compare it with 6 neighbors

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Compared with its neighbors

How 56 Nassau Street compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 56 Nassau Street ranks 3rd of 7 by office floor area. Built in 1986, it is the newest of them. Its estimated property tax, about $11.40 a square foot of floor area before abatements, is above the neighbors' median of $9.27.

56 Nassau 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
56 Nassau StreetThis building554K SF271986$11.40Feb 2012, $208M (2 lots)
59 Maiden Lane1 min walk1.0M SF441965$9.69n/a
15 Maiden Lane1 min walk123K SF201908$8.68n/a
Federal Reserve Bank of New York Building, 19 Liberty Street1 min walk640K SF141924$9.01n/a
160 Broadway1 min walk141K SF161908$5.80n/a
123 William Street1 min walk487K SF261912$9.53Mar 2015, $253M
150 Broadway2 min walk253K SF231924$10.87n/a
The 42nd largest of the 106 office buildings we track in the Financial District: 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 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
1 Federal Reserve Plaza; 2 Federal Reserve Plaza; 32-40 John Street; 29-39 Maiden Lane; 56-70 Nassau Street
ZIP code
10038
Building type
Office building (city class O4)
Total floor area
558,327 SF
Commercial floor area
558,327 SF
Office
553,501 SF
Retail
4,826 SF
Height
27 floors
Average floor
About 20,700 SF (floor area divided by floors)
Year built
1986
Last major alteration
1989
Lot area
23,382 SF
Zoning district
C5-5
Built FAR
23.88
Max commercial FAR
15
Tax lot (BBL)
1000670023

Nearest subway

  • Fulton St2 min walk · Accessible station
  • Wall St3 min walk · Not accessible
  • Cortlandt St3 min walk · Accessible station · connects to Chambers St, World Trade Center, Park Place

Nearby large buildings

All 10 large office buildings on Maiden Lane

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 3 storefronts at 56 Nassau Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2020.

Storefronts registered for December 31, 2025
3
Vacant that day
1
Share vacant across the Financial District
16.3%
Share vacant along Maiden Lane
18.8%
Share vacant citywide
9.2%

Vacant on December 31, by year

  • 20190 of 3
  • 20202 of 3
  • 20212 of 3
  • 20222 of 3
  • 20232 of 3
  • 20242 of 3
  • 20251 of 3

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 56 Nassau Street? Listing it is free, and it is matched against every active requirement for retail space in the Financial District the day it goes up.

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 MAIDEN & NASSAU LLC as the owner of record. For tax year 2026/27 the city values 56 Nassau Street at $134 million and assesses it at $60.3 million. After phase-ins and exemptions its taxable value is $58.6 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 $6.36 million a year before abatements, roughly $11.40 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
MAIDEN & NASSAU LLC
Tax class
Class 4 (commercial and industrial)
City market value
$133,966,000
Land market value
$21,900,000
Assessed value
$60,284,700
Taxable value (phased in)
$58,648,238
Estimated yearly tax
About $6.36 million
Tax per SF of floor area
About $11.40

City market value by tax year

  • 2022/23$125.7 million
  • 2023/24$125.9 million
  • 2024/25$128.3 million
  • 2025/26$133.1 million
  • 2026/27$134 million

Market value rose 7% from 2022/23 ($125.7 million) to 2026/27.

How the Financial District compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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.

Own or manage 56 Nassau Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.

NYC property records (ACRIS)

Sales history

56 Nassau Street last sold in February 2012 in a $207.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. MERIT US REAL ESTATE FUND III, L.P. sold it to FEDERAL RESERVE BANK OF NEW YORK.

Last sale (deed date)
February 28, 2012
Combined price
$207,500,000 for 2 tax lots
Seller
MERIT US REAL ESTATE FUND III, L.P.
Buyer
FEDERAL RESERVE BANK OF NEW YORK
Deed recorded
March 23, 2012
ACRIS document
2012030701149001
All 19 building sales in the Financial District since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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; a price for several tax lots is the combined price, not this building's alone.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

56 Nassau Street reported an ENERGY STAR score of 80 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 58.4 kBtu per square foot, 33% below the national median of 86.8 for a similar property. Its greenhouse gas emissions were about 3,144 metric tons of CO2e (5.85 kg per square foot).

ENERGY STAR score (2024)
80 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
58.4 kBtu/SF
National median for the type
86.8 kBtu/SF
Greenhouse gas emissions
3,144 t CO2e
Emissions per SF
5.85 kg CO2e
Floor area in the filing
537,854 SF
ENERGY STAR certified
2011, 2013, 2014, 2015, 2016, 2017, 2018, 2024, 2025

ENERGY STAR score by year

  • 202280 (B)
  • 202388 (A)
  • 202480 (B)

Energy sources in 2024

  • Electricity69%
  • District steam31%

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 2026-10-16; 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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 56 Nassau Street comes to about 2,276 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 4,251 tons for 2024 to 2029 (54% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,601 tons and the same energy use counts as about 1,342 tons, still under the limit.

Period
2024 to 2029
Emissions limit
4,251 t CO2e
Estimated emissions
2,276 t CO2e
Under the limit by
1,975 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
1,601 t CO2e
Estimated emissions
1,342 t CO2e
Under the limit by
259 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 517,805 SF; Data Center 7,436 SF; Food Service 12,613 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 56 Nassau Street? List a space here free and we match it against every active requirement.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 56 Nassau Street. In the last two years, interior work was permitted on 3 floors (floors 1, 22 and 23, the cellar, the concourse, the ground floor, the mezzanine and the sub-cellar). The newest build-out, on floor 1, the cellar and the mezzanine, was first permitted in October 2026 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $1.2 million).

New jobs, last 12 months
2
Initial permits, last 12 months
8
Newest job first permitted
October 2026
Interior build-outs, last 24 months
6
Floors with interior work, last 24 months
1, 22 and 23, cellar, concourse, ground floor, mezzanine, sub-cellar
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floor 1, cellar, mezzanineOctober 2026Construction, Mechanical, Plumbing, Sprinklers, Structural; est. $1.2 million
  • Floor 1June 2026Sprinklers; est. $24,000; signed off
  • Cellar, concourseAugust 2025Construction; est. $640,000
  • CellarAugust 2025Mechanical, Plumbing, Sprinklers; 3 jobs; est. $379,000
  • Ground floor, sub-cellarAugust 2025Structural; est. $250,000
  • Floors 22 and 23March 2025Plumbing; est. $75,000; signed off

New jobs by year

  • 20219
  • 20228
  • 20235
  • 202417
  • 20256
  • 2026 to date2

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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.

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Questions about 56 Nassau Street

How big is 56 Nassau Street?

56 Nassau Street has about 558,000 square feet of floor area in total, including 554,000 square feet of office and 5,000 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 56 Nassau Street built?

City records list 1986 as the year built, with a major alteration recorded in 1989. The building is 27 floors tall.

What other addresses does 56 Nassau Street have?

City records list 1 Federal Reserve Plaza, 2 Federal Reserve Plaza, 32-40 John Street, 29-39 Maiden Lane and 56-70 Nassau Street on the same tax lot (BBL 1000670023) as 56 Nassau Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 56 Nassau Street?

56 Nassau Street is in ZIP code 10038, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 56 Nassau Street, New York, NY 10038, in the Financial District.

What is the zoning at 56 Nassau Street?

The lot is in the C5-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 23.88 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 56 Nassau Street?

The closest subway station to 56 Nassau Street is Fulton St (the 2, 3, 4, 5, A, C, J and Z trains), about 450 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: Wall St (the 2 and 3 trains), 3 min walk; Cortlandt St (the R, W, 2, 3, A, C and E trains, connected to Chambers St and World Trade Center and Park Place), 3 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 56 Nassau Street?

The NYC Department of Finance's 2026/27 assessment roll lists MAIDEN & NASSAU LLC as the owner of record of 56 Nassau Street (BBL 1000670023). 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 56 Nassau Street last sold?

56 Nassau Street last sold in February 2012 in a $207.5 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. MERIT US REAL ESTATE FUND III, L.P. sold it to FEDERAL RESERVE BANK OF NEW YORK. The deed is ACRIS document 2012030701149001 (BBL 1000670023) 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 56 Nassau Street?

56 Nassau Street reported an ENERGY STAR score of 80 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 80 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 58.4 kBtu per square foot, 33% below the national median of 86.8 for a similar property. Its greenhouse gas emissions were about 3,144 metric tons of CO2e (5.85 kg per square foot).

Does 56 Nassau Street meet Local Law 97?

At its 2024 energy use, 56 Nassau Street comes to about 2,276 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 4,251 tons for 2024 to 2029 (54% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,601 tons and the same energy use counts as about 1,342 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at 56 Nassau Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 56 Nassau Street. In the last two years, interior work was permitted on 3 floors (floors 1, 22 and 23, the cellar, the concourse, the ground floor, the mezzanine and the sub-cellar). The newest build-out, on floor 1, the cellar and the mezzanine, was first permitted in October 2026 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $1.2 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1000670023. 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 56 Nassau Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $58.6 million for 56 Nassau Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $6.36 million a year, roughly $11.40 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000670023 show the actual bill.

What is the assessed value of 56 Nassau Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 56 Nassau Street at $134 million ($21.9 million of it land) and its assessed value at $60.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 7% from 2022/23 ($125.7 million) to 2026/27.

Are there vacant storefronts at 56 Nassau Street?

Owners registered 3 storefronts at 56 Nassau Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2020. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there office space for lease at 56 Nassau Street?

No space at 56 Nassau 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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