1240 Broadway

1240 Broadway has about 672,000 square feet of floor area in total, including 571,000 square feet of office, 33,000 square feet of retail and 17,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1969 as the year built, with a major alteration recorded in 2014. The building is 39 floors tall.

City records list 1240-1250 Broadway, 43-49 West 31st Street and 44 West 32nd Street on the same tax lot (BBL 1008330011) as 1240 Broadway. A space listed on Leasemark at any of these addresses shows up on this page.

1240 Broadway is in ZIP code 10001, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 1240 Broadway, New York, NY 10001, in Midtown South.

The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 21.85 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 1240 Broadway is 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), about 650 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 28 St (the R and W trains), 3 min walk; 34 St-Penn Station (the 1, 2 and 3 trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 1250 BROADWAY ASSOCIATES LLC as the owner of record of 1240 Broadway (BBL 1008330011). 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.

Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 1240 Broadway. One investment manager files 13F holdings reports from the address: Benchstone Capital Management LP. 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.

1240 Broadway last sold in November 2016 for $565 million, according to the deed recorded with the city. JT MH 1250 OWNER LP sold it to 1250 BROADWAY ASSOCIATES LLC. That comes to about $841 per square foot of floor area. The deed is ACRIS document 2016110300578001 (BBL 1008330011) 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.

1240 Broadway 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 56.2 kBtu per square foot, less than half the national median of 121.4 for a similar property. Its greenhouse gas emissions were about 3,709 metric tons of CO2e (5.15 kg per square foot).

In the 12 months to October 2026, the Department of Buildings issued first permits for 32 jobs at 1240 Broadway. In the last two years, interior work was permitted on 39 floors (floors 1 to 39, the cellar and the sub-cellar). The newest build-out, on floor 1 and the cellar, was first permitted in October 2026 (plumbing, sprinklers; filed cost estimate $76,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008330011. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $120.5 million for 1240 Broadway. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $13.1 million a year, roughly $19.45 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008330011 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 1240 Broadway at $278.9 million ($65.8 million of it land) and its assessed value at $125.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 9% from 2022/23 ($255.5 million) to 2026/27.

Owners registered 5 storefronts at 1240 Broadway for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.

No space at 1240 Broadway 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.