Office building with commercial space · Union Square, Manhattan

97 University Place

New York, NY 10003

97 University Place is a 10-floor office building with commercial space in Union Square, Manhattan, built in 1900, with about 38,000 square feet of office space according to city records.

Also at 34 East 12th Street and 97-99 University Place.

Office space
38K SF
Floors
10
Year built
1900
Zoning
C1-7

Office space next to its nearest neighbors

  1. 83 University Place1 min walk181K SF
  2. 88 University Place1 min walk65K SF
  3. 97 University PlaceThis building38K SF

The 48th largest of the 53 office buildings we track in Union Square. Compare it with 6 neighbors

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Compared with its neighbors

How 97 University Place compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 97 University Place is the smallest by office floor area. It went up in 1900; the median neighbor dates from 1904. Its estimated property tax, about $16.20 a square foot of floor area before abatements, is below the neighbors' median of $18.88.

97 University Place and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
97 University PlaceThis building38K SF101900$16.20n/a
83 University Place1 min walk181K SF111906$14.15n/a
88 University Place1 min walk65K SF111906$21.06Mar 2026, $46M
57 East 11th Street1 min walk50K SF111903$20.25n/a
113 University Place1 min walk52K SF111940$15.90n/a
817 Broadway1 min walk108K SF141898$17.51Nov 2016, $109M
Roosevelt Building, 849 Broadway2 min walk208K SF211894$28.82n/a
The 48th largest of the 53 office buildings we track in Union Square: 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
34 East 12th Street; 97-99 University Place
ZIP code
10003
Building type
Office building with commercial space (city class O6)
Total floor area
41,490 SF
Commercial floor area
41,490 SF
Office
37,990 SF
Retail
3,500 SF
Height
10 floors
Average floor
About 4,100 SF (floor area divided by floors)
Year built
1900
Last major alteration
1978
Lot area
4,025 SF
Zoning district
C1-7
Built FAR
10.31
Max commercial FAR
2
Tax lot (BBL)
1005630019

Nearest subway

  • 14 St-Union Sq3 min walk · Accessible station
  • 8 St-NYU5 min walk · Not accessible
  • Astor Pl5 min walk · Not accessible

Nearby large buildings

All 6 large commercial buildings on University Place

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 99 UNIVERSITY CORP as the owner of record. For tax year 2026/27 the city values 97 University Place at $13.9 million and assesses it at $6.27 million. After phase-ins and exemptions its taxable value is $6.2 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 $672,050 a year before abatements, roughly $16.20 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
99 UNIVERSITY CORP
Tax class
Class 4 (commercial and industrial)
City market value
$13,943,000
Land market value
$1,720,000
Assessed value
$6,274,350
Taxable value (phased in)
$6,195,150
Estimated yearly tax
About $672,050
Tax per SF of floor area
About $16.20

City market value by tax year

  • 2022/23$13.4 million
  • 2023/24$14.2 million
  • 2024/25$13.6 million
  • 2025/26$13.8 million
  • 2026/27$13.9 million

Market value rose 4% from 2022/23 ($13.4 million) to 2026/27.

How Union Square compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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 2026-10-08; 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 energy benchmarking (Local Law 84)

Energy use and emissions

97 University Place's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Floor area in the filing
41,490 SF

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 2026-10-08; 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 97 University Place in the 12 months to October 2026; the last one was first permitted in March 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 March 2025 (construction; filed cost estimate $101,000). A sidewalk shed permit here is active until November 11, 2026.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
March 2025
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
7
Sidewalk shed permit
Active until Nov 11, 2026

Recent build-outs

  • Floor 7March 2025Construction; est. $101,000

New jobs by year

  • 20210
  • 20220
  • 20231
  • 20240
  • 20251
  • 2026 to date0

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). 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 Union Square

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 Union Square yet. These labeled examples show what tenants post. List a space in 97 University Place and we match it against every new one automatically.

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Questions about 97 University Place

How big is 97 University Place?

97 University Place has about 41,000 square feet of floor area in total, including 38,000 square feet of office and 4,000 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 97 University Place built?

City records list 1900 as the year built, with a major alteration recorded in 1978. The building is 10 floors tall.

What other addresses does 97 University Place have?

City records list 34 East 12th Street and 97-99 University Place on the same tax lot (BBL 1005630019) as 97 University Place. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 97 University Place?

97 University Place is in ZIP code 10003, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 97 University Place, New York, NY 10003, in Union Square.

What is the zoning at 97 University Place?

The lot is in the C1-7 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.31 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 97 University Place?

The closest subway station to 97 University Place is 14 St-Union Sq (the 4, 5, 6, L, N, Q, R and W trains), about 650 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 8 St-NYU (the R and W trains), 5 min walk; Astor Pl (the 6 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 97 University Place?

The NYC Department of Finance's 2026/27 assessment roll lists 99 UNIVERSITY CORP as the owner of record of 97 University Place (BBL 1005630019). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 97 University Place have an energy grade?

97 University Place's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (the filing does not cover 12 full months of meter data), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade.

Is there construction at 97 University Place?

The Department of Buildings issued no permits for new jobs at 97 University Place in the 12 months to October 2026; the last one was first permitted in March 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 March 2025 (construction; filed cost estimate $101,000). A sidewalk shed permit here is active until November 11, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1005630019. 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 97 University Place?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.2 million for 97 University Place. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $672,050 a year, roughly $16.20 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1005630019 show the actual bill.

What is the assessed value of 97 University Place?

For tax year 2026/27, the NYC Department of Finance puts the market value of 97 University Place at $13.9 million ($1.72 million of it land) and its assessed value at $6.27 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2022/23 ($13.4 million) to 2026/27.

Is there office space for lease at 97 University Place?

No space at 97 University Place 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.

2,180 buildings from city records

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