Office building with commercial space · Grand Central, Manhattan

7 East 44th Street

New York, NY 10017

7 East 44th Street is an 18-floor office building with commercial space in Grand Central, Manhattan, built in 1927, with about 105,000 square feet of office space according to city records.

Also at 7-11 East 44th Street.

Office space
105K SF
Floors
18
Year built
1927
Zoning
C5-2.5

Office space next to its nearest neighbors

  1. 352 Madison Avenue1 min walk344K SF
  2. 7 East 44th StreetThis building105K SF
  3. 346 Madison Avenue1 min walk76K SF
  4. 6 East 45th Street1 min walk74K SF

The 59th largest of the 83 office buildings we track in Grand Central. Compare it with 6 neighbors

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Compared with its neighbors

How 7 East 44th Street compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 7 East 44th Street ranks 5th of 7 by office floor area. It went up in 1927; the median neighbor dates from 1928. Its estimated property tax, about $13.87 a square foot of floor area before abatements, is below the neighbors' median of $17.29.

7 East 44th 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
7 East 44th StreetThis building105K SF181927$13.87Oct 2025, $75M
346 Madison Avenue1 min walk76K SF111915$23.60Oct 2025, $85M
6 East 45th Street1 min walk74K SF191932$8.81Sep 2023, $26.8M
352 Madison Avenue1 min walk344K SF251922$17.09Mar 2013, $262M (2 lots)
531 Fifth Avenue1 min walk321K SF361927$17.50Mar 2006, $116M
545 Fifth Avenue1 min walk150K SF131930$20.95Mar 2006, $116M
529 Fifth Avenue1 min walk243K SF191958$14.68Jun 2023, $108M
The 59th largest of the 83 office buildings we track in Grand Central: 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 address
7-11 East 44th Street
ZIP code
10017
Building type
Office building with commercial space (city class O6)
Total floor area
110,999 SF
Commercial floor area
110,999 SF
Office
104,999 SF
Retail
6,000 SF
Height
18 floors
Average floor
About 6,200 SF (floor area divided by floors)
Year built
1927
Last major alteration
1988
Lot area
8,133 SF
Zoning district
C5-2.5
Built FAR
13.65
Max commercial FAR
12
Tax lot (BBL)
1012790009

Nearest subway

  • Grand Central-42 St3 min walk · Accessible station
  • 5 Av3 min walk · Not accessible · connects to 42 St-Bryant Pk
  • 47-50 Sts-Rockefeller Ctr6 min walk · Accessible station

Nearby large buildings

All 19 large office buildings on East 44th Street

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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 11 EAST 44TH OWNER LLC as the owner of record. For tax year 2026/27 the city values 7 East 44th Street at $31.5 million and assesses it at $14.2 million. After phase-ins and exemptions its taxable value is $14.2 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 $1.54 million a year before abatements, roughly $13.87 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
11 EAST 44TH OWNER LLC
Tax class
Class 4 (commercial and industrial)
City market value
$31,543,000
Land market value
$6,580,000
Assessed value
$14,194,350
Estimated yearly tax
About $1.54 million
Tax per SF of floor area
About $13.87

City market value by tax year

  • 2022/23$40.3 million
  • 2023/24$37.2 million
  • 2024/25$35.8 million
  • 2025/26$39 million
  • 2026/27$31.5 million

Market value fell 22% from 2022/23 ($40.3 million) to 2026/27.

How Grand Central 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.

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NYC property records (ACRIS)

Sales history

7 East 44th Street last sold in October 2025 for $75 million, according to the deed recorded with the city. 11 EAST 44TH STREET, LLC sold it to 11 EAST 44TH OWNER LLC. That comes to about $676 per square foot of floor area.

Last sale (deed date)
October 15, 2025
Price
$75,000,000
Price per SF of floor area
About $676
Seller
11 EAST 44TH STREET, LLC
Buyer
11 EAST 44TH OWNER LLC
Deed recorded
November 18, 2025
ACRIS document
2025101600694001

Recorded sales

All 24 building sales in Grand Central 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.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

7 East 44th Street's 2022 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 30.5 kBtu per square foot, 27% below the national median of 41.6 for a similar property. Its greenhouse gas emissions were about 340 metric tons of CO2e (2.6 kg per square foot).

ENERGY STAR score (2022)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
30.5 kBtu/SF
National median for the type
41.6 kBtu/SF
Greenhouse gas emissions
340 t CO2e
Emissions per SF
2.6 kg CO2e
Floor area in the filing
132,107 SF
ENERGY STAR certified
2012, 2014

Energy sources in 2022

  • Electricity100%

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 (2022 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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2022 energy use, 7 East 44th Street comes to about 341 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,001 tons for 2024 to 2029 (34% of the limit), so it would owe no penalty. From 2030 the limit drops to 349 tons and the same energy use counts as about 171 tons, still under the limit.

Period
2024 to 2029
Emissions limit
1,001 t CO2e
Estimated emissions
341 t CO2e
Under the limit by
660 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
349 t CO2e
Estimated emissions
171 t CO2e
Under the limit by
178 t CO2e
Estimated penalty a year
None

Estimated from the owner's 2022 Local Law 84 filing, which reports energy by source and floor area by use: Office 121,181 SF; Retail Store 10,926 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.

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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 7 East 44th Street. In the last two years, interior work was permitted on 18 floors (floors 1 to 18 and the basement). The newest build-out, on floors 1 to 18, the basement and the roof, was first permitted in October 2026 (construction; filed cost estimate $100,000). A sidewalk shed permit here is active until December 14, 2026.

New jobs, last 12 months
2
Initial permits, last 12 months
8
Newest job first permitted
October 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
1 to 18, basement
Facade and sidewalk jobs, last 24 months
1
Sidewalk shed permit
Active until Dec 14, 2026

Recent build-outs

  • Floors 1 to 18, basement, roofOctober 2026Construction; est. $100,000

New jobs by year

  • 20210
  • 20220
  • 20230
  • 20240
  • 20250
  • 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.

No office space listed in Grand Central yet

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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 7 East 44th Street

How big is 7 East 44th Street?

7 East 44th Street has about 111,000 square feet of floor area in total, including 105,000 square feet of office and 6,000 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 7 East 44th Street built?

City records list 1927 as the year built, with a major alteration recorded in 1988. The building is 18 floors tall.

What other addresses does 7 East 44th Street have?

City records list 7-11 East 44th Street on the same tax lot (BBL 1012790009) as 7 East 44th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 7 East 44th Street?

7 East 44th Street is in ZIP code 10017, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 7 East 44th Street, New York, NY 10017, in Grand Central.

What is the zoning at 7 East 44th Street?

The lot is in the C5-2.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.65 and a maximum commercial FAR of 12 for this lot.

What subway station is closest to 7 East 44th Street?

The closest subway station to 7 East 44th Street is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 650 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), 3 min walk; 47-50 Sts-Rockefeller Ctr (the B, D, F and M trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 7 East 44th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 11 EAST 44TH OWNER LLC as the owner of record of 7 East 44th Street (BBL 1012790009). 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 7 East 44th Street last sold?

7 East 44th Street last sold in October 2025 for $75 million, according to the deed recorded with the city. 11 EAST 44TH STREET, LLC sold it to 11 EAST 44TH OWNER LLC. That comes to about $676 per square foot of floor area. The deed is ACRIS document 2025101600694001 (BBL 1012790009) 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.

Does 7 East 44th Street have an energy grade?

7 East 44th Street's 2022 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 30.5 kBtu per square foot, 27% below the national median of 41.6 for a similar property. Its greenhouse gas emissions were about 340 metric tons of CO2e (2.6 kg per square foot).

Does 7 East 44th Street meet Local Law 97?

At its 2022 energy use, 7 East 44th Street comes to about 341 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,001 tons for 2024 to 2029 (34% of the limit), so it would owe no penalty. From 2030 the limit drops to 349 tons and the same energy use counts as about 171 tons, still under the limit. This is an estimate from the owner's 2022 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 7 East 44th Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 7 East 44th Street. In the last two years, interior work was permitted on 18 floors (floors 1 to 18 and the basement). The newest build-out, on floors 1 to 18, the basement and the roof, was first permitted in October 2026 (construction; filed cost estimate $100,000). A sidewalk shed permit here is active until December 14, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1012790009. 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 7 East 44th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $14.2 million for 7 East 44th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.54 million a year, roughly $13.87 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1012790009 show the actual bill.

What is the assessed value of 7 East 44th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 7 East 44th Street at $31.5 million ($6.58 million of it land) and its assessed value at $14.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 22% from 2022/23 ($40.3 million) to 2026/27.

Is there office space for lease at 7 East 44th Street?

No space at 7 East 44th 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.

2,723 buildings from city records

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