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387 Park Ave S, New York, NY 10016 Property Information

387 Park Ave S, New York, NY 10016 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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387 Park Ave S, New York, NY 10016 2
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Address

Primary address 387 Park Ave S
Secondary address 101-113 E 27th St
Neighborhood NoMad
Zip code 10016
Borough Manhattan
Block & lot 00883-0001

Sales & Tax Overview for 387 Park Ave S, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 09/30/2005
Purchase price $67,974,000
Tax class
Estimated property tax $3,688,292

Lot & Building Information for 387 Park Ave S, New York

Lot sqft 16,458
Lot dimensions 98.75 ft x 166.67 ft
Building class Office with Commercial 7-19 Stories (O6)
Building sqft 183,913
Building dimensions 98.75 ft x 166.67 ft
Buildings on lot 1
Stories 12
Year built 1910
Year last altered 1984
Construction type
Status
Status date
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Zoning & Use for 387 Park Ave S, New York

Zoning
Commercial units 16
Office sqft
Retail sqft
Conversion feasibility index

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.74 Miles
Closest fire station 0.25 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 387 Park Ave S, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 387 Park Ave S, New York, NY 10016, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 387 Park Ave S, New York, NY 10016, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 101-113 E 27th St, New York, NY 10016
  • 387-393 Park Ave S, New York, NY 10016
  • 387-393 Pas, New York, NY 10016

About 387 Park Ave S, New York

How many square feet does 387 Park Ave S, New York, NY 10016 have?

This Office with Commercial 7-19 Stories (O6) located at 387 Park Ave S, New York, NY 10016 has a total of 183,913 square feet.

What is the year built & the current market value of 387 Park Ave S, New York, NY 10016?

387 Park Ave S, New York, NY 10016 was built in 1910 and has a current tax assessor's market value of $77,025,000.

How many commercial spaces does this building have?

This building has 16 commercial spaces available for lease. There are 3 active listings at this address.

Ownership Information for 387 Park Ave S, New York

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Property owner name for 387 Park Ave S, New York, NY 10016
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Building contacts for 387 Park Ave S, New York, NY 10016
Building management:
Representatives (from permits):
Tenants:

Spaces for Lease in 387 Park Ave S, New York

387 Park Avenue South
Listing type For Lease
Listing date 12/23/2021
Last updated 05/19/2026

A 14-story structure with approximately 204,000 rentable square feet, built in 1918.

View Listing

Brokers

Ethan Silverstein
Mark Mandell
John Fitzsimons
Spaces
Suite name Space type Lease rate Available space Brokers
2 Floor General Office $85/Sqft/Year 19,269 Ethan Silverstein
Mark Mandell
John Fitzsimons
10 Floor General Office $85/Sqft/Year 19,269 Ethan Silverstein
Mark Mandell
John Fitzsimons
11 Floor General Office $85/Sqft/Year 19,269 Ethan Silverstein
Mark Mandell
John Fitzsimons
Active Listings For This Property:
For Lease 387 Park Avenue South
387 Park Avenue South
387 Park Ave S, New York
Property Office
Availability 3 Spaces listed / 57807 Sqft
Price $85/Sqft/Year
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
Explore the key features that professionals should look for when investing in a data provider for commercial real estate comps, follow our step-by-step guide on how to leverage PropertyShark to find comparables, and discover the most frequently asked questions on the topic.
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Past Sales & Property History for 387 Park Ave S, New York

Create a free account to view the complete sales history for 387 Park Ave S, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
09/30/2005 $67,974,000

Title Documents for 387 Park Ave S, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
04/30/2025 - R UCC3 Continuation
(2025043000438001)
07/12/2024 - R UCC3 Amendment
(2024071200274001)
05/23/2023 - R UCC3 Amendment
(2023052300004001)
05/01/2020 - R UCC3 Continuation
(2020050100310001)
02/27/2019 - D
08/28/2019 - R
Sundry Agreement
(2019082700841001)
05/31/2017 - R Initial UCC1
(2017053000911001)
09/15/2015 - R Initial UCC1
(2015091000017005)
09/09/2015 - D
09/15/2015 - R
Assignment of Leases and Rents
(2015091000017004)
09/09/2015 - D
09/15/2015 - R
Agreement
(2015091000017003)
09/09/2015 - D
09/15/2015 - R
Mortgage
(2015091000017002)
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R: Recorded date
D: Document date

Property Taxes for 387 Park Ave S, New York

Access detailed property tax data for 387 Park Ave S, New York, NY 10016. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $3,577,539
Estimated property tax: $3,688,292
Tax assessor's market value: $77,025,000
Assessed value: $34,661,250

Assessment History for 387 Park Ave S, New York

Here's the assessment & property tax history for 387 Park Ave S, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $77,025,000 $34,661,250 $32,978,791 10.848% $3,577,539 $3,577,539 +3.84%
2024/25 $76,045,000 $34,220,250 $32,013,451 10.762% $3,445,288 $3,445,288 +6.41%
2023/24 $82,836,000 $37,276,200 $30,568,046 10.592% $3,237,767 $3,237,767 +9.15%
2022/23 $70,716,000 $31,822,200 $27,862,787 10.646% $2,966,272 $2,966,272 +5.12%
2021/22 $59,809,000 $26,914,050 $26,236,075 10.755% $2,821,690 $2,821,690 +7.67%

Permits for 387 Park Ave S, New York

The complete history of permits filed for 387 Park Ave S, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
05/08/2026 Alteration
05/08/2026 Alteration
05/08/2026 Alteration
05/08/2026 Alteration
03/27/2026 Alteration
03/27/2026 Alteration
12/19/2025 Alteration
10/01/2025 Alteration
08/27/2025 Alteration
08/27/2025 Alteration
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Manhattan Commercial Market Stats

Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.

Median Price/Sqft Q1/2026
$680
4.4% YoY
Median Price/Sqft Q4/2025
$550
-15.8% YoY
Median Price/Sqft 2025
$607
-2.5% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Park Ave & 28th St at SE Corner
Station lines 6
Distance (miles) 0.03
View subway map
Bus Routes
Name Park Av South/E 26 St
Line X10
Distance (miles) 0.067

Neighbors for 387 Park Ave S, New York

Here are the neighbors for 387 Park Ave S, New York, NY 10016.

Address Square feet Purchase date Purchase price
115 E 27th St, New York 13,095 09/03/1998
118 E 28th St, New York 60,000 09/30/1985
108 Lexington Ave, New York 6,163 11/12/1997
126 E 27th St, New York 7,345 03/28/2000
142 E 27th St, New York 30,777 03/22/2007
102 Lexington Ave, New York 4,188 03/31/2015 $17,000,000
106 Lexington Ave, New York 5,800 04/20/1979
124 E 27th St, New York 6,376 08/12/1999
97 Lexington Ave, New York 10,703 03/19/1996
100 Lexington Ave, New York 7,600 03/31/2015 $17,000,000
379 Park Ave S, New York 6,460 07/10/2002
131 E 27th St, New York 4,710 03/31/2015 $17,000,000
104 Lexington Ave, New York 4,721 03/31/2015 $17,000,000
116 E 27th St, New York 70,217 11/15/2002
140 E 27th St, New York 4,660 03/17/2015 $4,400,000
129 E 27th St, New York 5,126 12/17/2009
105 Lexington Ave, New York 41,053 09/18/2003
377 Park Ave S, New York 16,312 04/19/1989
138 E 27th St, New York 5,000 06/01/2024
122 E 27th St, New York 6,376 08/12/1999
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