Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
24/7 accessADA accessible
Owners: got a fit?I have a fit
Office building · Midtown, Manhattan
1 West 37th Street
New York, NY 10018
1 West 37th Street is an 11-floor office building in Midtown, Manhattan, built in 1912, with about 57,000 square feet of office space according to city records.
Also at 1-3 West 37th Street.
- Office space
- 57K SF
- Floors
- 11
- Year built
- 1912
- Zoning
- M1-9A/R12
The 297th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 1 West 37th Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 1 West 37th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 1 West 37th Street ranks 6th of 7 by office floor area. It went up in 1912; the median neighbor dates from 1913. Its estimated property tax, about $24.12 a square foot of floor area before abatements, is above the neighbors' median of $10.69.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1 West 37th Street | 57K SF | 11 | 1912 | $24.12 | May 2016, $73M |
| 5 West 37th Street | 73K SF | 12 | 1921 | $10.42 | n/a |
| 8 West 38th Street | 101K SF | 12 | 1900 | $11.75 | Jul 2024, $35M |
| 13 West 37th Street | 120K SF | 16 | 1920 | $8.76 | n/a |
| Stewart & Company Building, 402 Fifth Avenue | 68K SF | 9 | 1914 | $17.27 | n/a |
| 22 West 38th Street | 56K SF | 12 | 1912 | $10.85 | Jun 2019, $60.5M |
| 20 West 37th Street | 65K SF | 12 | 1912 | $10.53 | Jan 2006, $25.5M |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 1-3 West 37th Street
- ZIP code
- 10018
- Building type
- Office building (city class O3)
- Total floor area
- 56,781 SF
- Commercial floor area
- 56,781 SF
- Office
- 56,781 SF
- Height
- 11 floors
- Average floor
- About 5,200 SF (floor area divided by floors)
- Year built
- 1912
- Last major alteration
- 2013
- Lot area
- 4,938 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 11.5
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008390037
Nearest subway
- 5 Av
- 34 St-Herald Sq
- Grand Central-42 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. 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 ESSILORLUXOTTICA USA INC. as the owner of record. For tax year 2026/27 the city values 1 West 37th Street at $29.7 million and assesses it at $13.4 million. After phase-ins and exemptions its taxable value is $12.6 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 $1.37 million a year before abatements, roughly $24.12 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
- ESSILORLUXOTTICA USA INC.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $29,744,000
- Land market value
- $4,580,000
- Assessed value
- $13,384,800
- Taxable value (phased in)
- $12,625,890
- Estimated yearly tax
- About $1.37 million
- Tax per SF of floor area
- About $24.12
City market value by tax year
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 2026-10-02; 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.
NYC property records (ACRIS)
Sales history
1 West 37th Street last sold in May 2016 for $73 million, according to the deed recorded with the city. 1W37TH LLC sold it to LUXOTTICA U.S. HOLDINGS CORP.. That comes to about $1,286 per square foot of floor area.
- Last sale (deed date)
- May 16, 2016
- Price
- $73,000,000
- Price per SF of floor area
- About $1,286
- Seller
- 1W37TH LLC
- Buyer
- LUXOTTICA U.S. HOLDINGS CORP.
- Deed recorded
- June 2, 2016
- ACRIS document
- 2016051900854002
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; 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 score, grade and emissions
1 West 37th Street reported an ENERGY STAR score of 59 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 72.2 kBtu per square foot, 12% below the national median of 82.3 for a similar property. Its greenhouse gas emissions were about 447 metric tons of CO2e (7.05 kg per square foot).
- ENERGY STAR score (2024)
- 59 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 72.2 kBtu/SF
- National median for the type
- 82.3 kBtu/SF
- Greenhouse gas emissions
- 447 t CO2e
- Emissions per SF
- 7.05 kg CO2e
- Floor area in the filing
- 63,433 SF
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 2026-10-02; 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.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 1 West 37th Street in the 12 months to September 2026; the last one was first permitted in April 2025.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- April 2025
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across MidtownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). 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 Midtown
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 Midtown yet. These labeled examples show what tenants post. List a space in 1 West 37th Street and we match it against every new one automatically.
Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
Owners: got a fit?I have a fit
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
Rentable vs usable square feet and the loss factor, explained
Rentable vs usable square feet in NYC: what the loss factor is, how to calculate it, and why two 5,000 SF suites at the same rent can be very different deals.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 1 West 37th Street
How big is 1 West 37th Street?
1 West 37th Street has about 57,000 square feet of floor area in total, including 57,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 1 West 37th Street built?
City records list 1912 as the year built, with a major alteration recorded in 2013. The building is 11 floors tall.
What other addresses does 1 West 37th Street have?
City records list 1-3 West 37th Street on the same tax lot (BBL 1008390037) as 1 West 37th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1 West 37th Street?
1 West 37th Street is in ZIP code 10018, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1 West 37th Street, New York, NY 10018, in Midtown.
What is the zoning at 1 West 37th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.5 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 1 West 37th Street?
The closest subway station to 1 West 37th Street is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 0.2 miles away in a straight line, roughly 5 minutes on foot. Also nearby: 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 5 min walk; Grand Central-42 St (the 4, 5, 6, 7 and S trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1 West 37th Street?
The NYC Department of Finance's 2026/27 assessment roll lists ESSILORLUXOTTICA USA INC. as the owner of record of 1 West 37th Street (BBL 1008390037). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 1 West 37th Street last sold?
1 West 37th Street last sold in May 2016 for $73 million, according to the deed recorded with the city. 1W37TH LLC sold it to LUXOTTICA U.S. HOLDINGS CORP.. That comes to about $1,286 per square foot of floor area. The deed is ACRIS document 2016051900854002 (BBL 1008390037) 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 1 West 37th Street?
1 West 37th Street reported an ENERGY STAR score of 59 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 59 earns a C. 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 72.2 kBtu per square foot, 12% below the national median of 82.3 for a similar property. Its greenhouse gas emissions were about 447 metric tons of CO2e (7.05 kg per square foot).
Is there construction at 1 West 37th Street?
The Department of Buildings issued no permits for new jobs at 1 West 37th Street in the 12 months to September 2026; the last one was first permitted in April 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 1008390037. 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 1 West 37th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $12.6 million for 1 West 37th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.37 million a year, roughly $24.12 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008390037 show the actual bill.
What is the assessed value of 1 West 37th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1 West 37th Street at $29.7 million ($4.58 million of it land) and its assessed value at $13.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($28.2 million) to 2026/27.
Is there office space for lease at 1 West 37th Street?
No space at 1 West 37th 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.
1,677 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Midtown
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq