131 Varick Street

131 Varick Street has about 281,000 square feet of floor area in total, including 46,000 square feet of office and 236,000 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 1924 as the year built, with a major alteration recorded in 1995. The building is 11 floors tall.

City records list 21-29 Dominick Street, 258-270 Spring Street and 125-135 Varick Street on the same tax lot (BBL 1005790030) as 131 Varick Street. A space listed on Leasemark at any of these addresses shows up on this page.

131 Varick Street is in ZIP code 10013, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 131 Varick Street, New York, NY 10013, in Hudson Square.

The lot is in the M1-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.05 and a maximum commercial FAR of 10 for this lot.

The closest subway station to 131 Varick Street is Spring St (the C and E trains), about 750 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as partly accessible. Also nearby: Canal St (the 1 train), 4 min walk; Houston St (the 1 train), 4 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists SM I MMS, L.L.C. as the owner of record of 131 Varick Street (BBL 1005790030). 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.

131 Varick Street last sold in December 2021 in a $367.7 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. EDISON SPRING STREET COMPANY, L.L.C. sold it to SM I MMS, L.L.C.. The deed is ACRIS document 2021121700645013 (BBL 1005790030) 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.

131 Varick Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 32.8 kBtu per square foot, 60% above the national median of 20.5 for a similar property. Its greenhouse gas emissions were about 910 metric tons of CO2e (3.23 kg per square foot).

At its 2024 energy use, 131 Varick Street comes to about 704 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,199 tons for 2024 to 2029 (59% of the limit), so it would owe no penalty. From 2030 the limit drops to 172 tons and the same energy use counts as about 418 tons, about 246 tons over, or an estimated $66,000 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.

The Department of Buildings issued no permits for new jobs at 131 Varick Street in the 12 months to October 2026; the last one was first permitted in July 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1005790030. 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 $21.9 million for 131 Varick Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.37 million a year, roughly $8.42 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1005790030 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 131 Varick Street at $57.3 million ($3.54 million of it land) and its assessed value at $25.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 31% from 2022/23 ($43.9 million) to 2026/27.

No space at 131 Varick 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.