Office building · Grand Central, Manhattan
99 Park Avenue
New York, NY 10016
99 Park Avenue is a 26-floor office building in Grand Central, Manhattan, built in 1953, with about 600,000 square feet of office space according to city records.
Also at 101-107 East 39th Street, 100-102 East 40th Street and 81-99 Park Avenue.
- Office space
- 600K SF
- Floors
- 26
- Year built
- 1953
- Zoning
- C5-3
The 19th 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 99 Park Avenue compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 99 Park Avenue ranks 4th of 7 by office floor area. It went up in 1953; the median neighbor dates from 1954. Its estimated property tax, about $11.89 a square foot of floor area before abatements, is below the neighbors' median of $16.68.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 99 Park Avenue | 600K SF | 26 | 1953 | $11.89 |
| 104 East 40th Street | 53K SF | 9 | 1915 | $15.49 |
| 101 Park Avenue | 1.0M SF | 46 | 1982 | $23.18 |
| 90 Park Avenue | 856K SF | 41 | 1963 | $19.87 |
| 348 Lexington Avenue | 44K SF | 11 | 1923 | $11.69 |
| 354 Lexington Avenue | 226K SF | 24 | 1959 | $14.93 |
| 100 Park Avenue | 757K SF | 36 | 1950 | $17.88 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 101-107 East 39th Street; 100-102 East 40th Street; 81-99 Park Avenue
- ZIP code
- 10016
- Building type
- Office building (city class O4)
- Total floor area
- 654,168 SF
- Commercial floor area
- 654,168 SF
- Office
- 600,133 SF
- Retail
- 20,525 SF
- Height
- 26 floors
- Average floor
- About 25,200 SF (floor area divided by floors)
- Year built
- 1953
- Lot area
- 25,675 SF
- Zoning district
- C5-3
- Built FAR
- 25.48
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008950001
Nearest subway
- Grand Central-42 St
- 5 Av
- 33 St
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 9 storefronts at 99 Park Avenue for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2021.
- Storefronts registered for December 31, 2025
- 9
- Vacant that day
- 3
- Share vacant here
- 33.3%
- Share vacant across Grand Central
- 19.7%
- Share vacant along Park Avenue
- 11.5%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Own or lease out a storefront at 99 Park Avenue? Listing it is free, and it is matched against every active requirement for retail space in Grand Central 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 99 PARK AV ASSOCIATES LP as the owner of record. For tax year 2026/27 the city values 99 Park Avenue at $159.5 million and assesses it at $71.8 million. After phase-ins and exemptions its taxable value is $71.7 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 $7.78 million a year before abatements, roughly $11.89 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 PARK AV ASSOCIATES LP
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $159,468,000
- Land market value
- $65,000,000
- Assessed value
- $71,760,600
- Taxable value (phased in)
- $71,682,082
- Estimated yearly tax
- About $7.78 million
- Tax per SF of floor area
- About $11.89
City market value by tax year
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How to find who owns any NYC buildingSource: 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 99 Park Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
SEC filings (EDGAR)
Companies with offices here
One public company and 5 investment managers and funds give 99 Park Avenue as their office address in SEC filings.
Public company
Investment managers and funds
Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.
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NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
99 Park Avenue reported an ENERGY STAR score of 91 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 41 kBtu per square foot, less than half the national median of 89.8 for a similar property. Its greenhouse gas emissions were about 2,606 metric tons of CO2e (3.98 kg per square foot).
- ENERGY STAR score (2024)
- 91 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 41 kBtu/SF
- National median for the type
- 89.8 kBtu/SF
- Greenhouse gas emissions
- 2,606 t CO2e
- Emissions per SF
- 3.98 kg CO2e
- Floor area in the filing
- 654,168 SF
- ENERGY STAR certified
- 2021, 2024
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 2026-10-16; 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, 99 Park Avenue comes to about 1,898 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 4,988 tons for 2024 to 2029 (38% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,776 tons and the same energy use counts as about 1,157 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 4,988 t CO2e
- Estimated emissions
- 1,898 t CO2e
- Under the limit by
- 3,090 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 1,776 t CO2e
- Estimated emissions
- 1,157 t CO2e
- Under the limit by
- 619 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: Restaurant 5,115 SF; Office 639,934 SF; Financial Office 9,119 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 99 Park Avenue? 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 47 jobs at 99 Park Avenue. In the last two years, interior work was permitted on 16 floors (floors 1 to 12, 19, 20, 23 and 25, the cellar, the ground floor and the sub-cellar). The newest build-out, on floor 8, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $341,000). A sidewalk shed permit here is active until January 19, 2027.
- New jobs, last 12 months
- 47
- Initial permits, last 12 months
- 50
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 46
- Floors with interior work, last 24 months
- 1 to 12, 19, 20, 23 and 25, cellar, ground floor, sub-cellar
- Facade and sidewalk jobs, last 24 months
- 3
- Sidewalk shed permit
- Active until Jan 19, 2027
Recent build-outs
New jobs by year
Build-outs across Grand CentralWhere NYC offices are being built out
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
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Questions about 99 Park Avenue
How big is 99 Park Avenue?
99 Park Avenue has about 654,000 square feet of floor area in total, including 600,000 square feet of office and 21,000 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 99 Park Avenue built?
City records list 1953 as the year built. The building is 26 floors tall.
What other addresses does 99 Park Avenue have?
City records list 101-107 East 39th Street, 100-102 East 40th Street and 81-99 Park Avenue on the same tax lot (BBL 1008950001) as 99 Park Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 99 Park Avenue?
99 Park Avenue is in ZIP code 10016, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 99 Park Avenue, New York, NY 10016, in Grand Central.
What is the zoning at 99 Park Avenue?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 25.48 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 99 Park Avenue?
The closest subway station to 99 Park Avenue is Grand Central-42 St (the 4, 5, 6, 7 and S trains), about 700 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), 6 min walk; 33 St (the 6 train), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 99 Park Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 99 PARK AV ASSOCIATES LP as the owner of record of 99 Park Avenue (BBL 1008950001). 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.
Who are the tenants at 99 Park Avenue?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 99 Park Avenue. One public company reports the address as its principal executive office: METROPOLITAN BANK HOLDING CORP. (MCB). 5 investment managers and funds file 13F holdings reports from the address, including Cerity Partners LLC; Contour Asset Management LLC; and WEALTHEDGE INVESTMENT ADVISORS, LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.
What is the energy grade of 99 Park Avenue?
99 Park Avenue reported an ENERGY STAR score of 91 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 91 earns an A. 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 kBtu per square foot, less than half the national median of 89.8 for a similar property. Its greenhouse gas emissions were about 2,606 metric tons of CO2e (3.98 kg per square foot).
Does 99 Park Avenue meet Local Law 97?
At its 2024 energy use, 99 Park Avenue comes to about 1,898 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 4,988 tons for 2024 to 2029 (38% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,776 tons and the same energy use counts as about 1,157 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 99 Park Avenue?
In the 12 months to October 2026, the Department of Buildings issued first permits for 47 jobs at 99 Park Avenue. In the last two years, interior work was permitted on 16 floors (floors 1 to 12, 19, 20, 23 and 25, the cellar, the ground floor and the sub-cellar). The newest build-out, on floor 8, was first permitted in September 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $341,000). A sidewalk shed permit here is active until January 19, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1008950001. 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 99 Park Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $71.7 million for 99 Park Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $7.78 million a year, roughly $11.89 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008950001 show the actual bill.
What is the assessed value of 99 Park Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 99 Park Avenue at $159.5 million ($65 million of it land) and its assessed value at $71.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 3% from 2022/23 ($155.6 million) to 2026/27.
Are there vacant storefronts at 99 Park Avenue?
Owners registered 9 storefronts at 99 Park Avenue for December 31, 2025, the newest annual filing the city has published, and 3 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2021. 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 99 Park Avenue?
No space at 99 Park Avenue 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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