Office building · Midtown, Manhattan
1 West 39th Street
New York, NY 10018
1 West 39th Street is a 12-floor office building in Midtown, Manhattan, built in 1923, with about 123,000 square feet of office space according to city records.
Also at 1-11 West 39th Street.
- Office space
- 123K SF
- Floors
- 12
- Year built
- 1923
- Zoning
- M1-9A/R12
The 209th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 1 West 39th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 1 West 39th Street ranks 3rd of 7 by office floor area. It went up in 1923; the median neighbor dates from 1915. Its estimated property tax, about $14.22 a square foot of floor area before abatements, is close to the neighbors' median of $14.33.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 1 West 39th Street | 123K SF | 12 | 1923 | $14.22 | Apr 2010, $330M (2 lots) |
| 15 West 39th Street | 74K SF | 16 | 1925 | $8.25 | n/a |
| 8 West 40th Street | 111K SF | 23 | 1916 | $11.04 | n/a |
| Engineers' Club Building, 24 West 40th Street | 52K SF | 17 | 1907 | $17.62 | n/a |
| 16 West 39th Street | 36K SF | 12 | 1916 | $10.25 | Jun 2024, $18M |
| Knox Building, 452 Fifth Avenue | 592K SF | 29 | 1902 | $27.19 | Apr 2010, $330M (2 lots) |
| Lord & Taylor Building, 424 Fifth Avenue | 614K SF | 14 | 1914 | $35.74 | Mar 2020, $978M |
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
- 1-11 West 39th Street
- ZIP code
- 10018
- Building type
- Office building (city class O3)
- Total floor area
- 123,090 SF
- Commercial floor area
- 123,090 SF
- Office
- 123,090 SF
- Height
- 12 floors
- Average floor
- About 10,300 SF (floor area divided by floors)
- Year built
- 1923
- Last major alteration
- 1982
- Lot area
- 11,520 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 10.68
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008410031
Nearest subway
- 5 Av
- Grand Central-42 St
- Times Sq-42 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 452 FIFTH OWNERS LLC as the owner of record. For tax year 2026/27 the city values 1 West 39th Street at $42.6 million and assesses it at $19.1 million. After phase-ins and exemptions its taxable value is $16.1 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 $1.75 million a year before abatements, roughly $14.22 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
- 452 FIFTH OWNERS LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $42,551,000
- Land market value
- $8,000,000
- Assessed value
- $19,147,950
- Taxable value (phased in)
- $16,134,469
- Estimated yearly tax
- About $1.75 million
- Tax per SF of floor area
- About $14.22
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.
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NYC property records (ACRIS)
Sales history
1 West 39th Street last sold in April 2010 in a $330 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. PROPERTY OWNER (USA) LLC sold it to 452 FIFTH OWNERS LLC.
- Last sale (deed date)
- April 13, 2010
- Combined price
- $330,000,000 for 2 tax lots
- Seller
- PROPERTY OWNER (USA) LLC
- Buyer
- 452 FIFTH OWNERS LLC
- Deed recorded
- April 15, 2010
- ACRIS document
- 2010041500321001
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; a price for several tax lots is the combined price, not this building's alone.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
1 West 39th Street's 2024 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 110.8 kBtu per square foot, 2.4 times the national median of 45.5 for a similar property. Its greenhouse gas emissions were about 1,615 metric tons of CO2e (11.93 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 110.8 kBtu/SF
- National median for the type
- 45.5 kBtu/SF
- Greenhouse gas emissions
- 1,615 t CO2e
- Emissions per SF
- 11.93 kg CO2e
- Floor area in the filing
- 135,332 SF
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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 1 West 39th Street comes to about 1,179 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,185 tons for 2024 to 2029 (99% of the limit), so it would owe no penalty. From 2030 the limit drops to 483 tons and the same energy use counts as about 639 tons, about 156 tons over, or an estimated $42,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,185 t CO2e
- Estimated emissions
- 1,179 t CO2e
- Under the limit by
- 6 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 483 t CO2e
- Estimated emissions
- 639 t CO2e
- Over the limit by
- 156 t CO2e
- Estimated penalty a year
- $42,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Data Center 9,816 SF; Office 125,516 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 1 West 39th Street? 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 4 jobs at 1 West 39th Street. In the last two years, interior work was permitted on 12 floors (floors 1 to 12 and the cellar). The newest build-out, on floors 3 to 9, 11 and 12, was first permitted in June 2026 (construction; filed cost estimate $35,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 7
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 7
- Floors with interior work, last 24 months
- 1 to 12, cellar
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
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 2026-10-24 (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.
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783 Madison 4th Floor
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Questions about 1 West 39th Street
How big is 1 West 39th Street?
1 West 39th Street has about 123,000 square feet of floor area in total, including 123,000 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 39th Street built?
City records list 1923 as the year built, with a major alteration recorded in 1982. The building is 12 floors tall.
What other addresses does 1 West 39th Street have?
City records list 1-11 West 39th Street on the same tax lot (BBL 1008410031) as 1 West 39th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 1 West 39th Street?
1 West 39th 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 39th Street, New York, NY 10018, in Midtown.
What is the zoning at 1 West 39th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.68 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 1 West 39th Street?
The closest subway station to 1 West 39th Street is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 700 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 4 min walk; Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 1 West 39th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 452 FIFTH OWNERS LLC as the owner of record of 1 West 39th Street (BBL 1008410031). 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 1 West 39th Street last sold?
1 West 39th Street last sold in April 2010 in a $330 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. PROPERTY OWNER (USA) LLC sold it to 452 FIFTH OWNERS LLC. The deed is ACRIS document 2010041500321001 (BBL 1008410031) 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 1 West 39th Street have an energy grade?
1 West 39th Street's 2024 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 110.8 kBtu per square foot, 2.4 times the national median of 45.5 for a similar property. Its greenhouse gas emissions were about 1,615 metric tons of CO2e (11.93 kg per square foot).
Does 1 West 39th Street meet Local Law 97?
At its 2024 energy use, 1 West 39th Street comes to about 1,179 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,185 tons for 2024 to 2029 (99% of the limit), so it would owe no penalty. From 2030 the limit drops to 483 tons and the same energy use counts as about 639 tons, about 156 tons over, or an estimated $42,000 a year unless the building cuts its emissions. 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 1 West 39th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 1 West 39th Street. In the last two years, interior work was permitted on 12 floors (floors 1 to 12 and the cellar). The newest build-out, on floors 3 to 9, 11 and 12, was first permitted in June 2026 (construction; filed cost estimate $35,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008410031. 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 39th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $16.1 million for 1 West 39th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.75 million a year, roughly $14.22 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008410031 show the actual bill.
What is the assessed value of 1 West 39th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 1 West 39th Street at $42.6 million ($8 million of it land) and its assessed value at $19.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 38% from 2022/23 ($30.8 million) to 2026/27.
Is there office space for lease at 1 West 39th Street?
No space at 1 West 39th Street is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). 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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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