Commercial condominium · Garment District, Manhattan
132 West 32nd Street
New York, NY 10001
132 West 32nd Street is an 18-floor commercial condominium in the Garment District, Manhattan, built in 1960, with about 91,000 square feet of office space according to city records.
Also at 127-135 West 33rd Street.
- Office space
- 91K SF
- Floors
- 18
- Year built
- 1960
- Zoning
- C6-4.5
The 92nd largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 132 West 32nd 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 132 West 32nd Street compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 132 West 32nd Street ranks 5th of 7 by office floor area. It went up in 1960; the median neighbor dates from 1926. Its estimated property tax, about $17.64 a square foot of floor area before abatements, is above the neighbors' median of $15.07.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 132 West 32nd Street | 91K SF | 18 | 1960 | $17.64 |
| 112 West 34th Street | 708K SF | 25 | 1954 | $19.40 |
| 421 Seventh Avenue | 59K SF | 14 | 1926 | $40.89 |
| 100 West 33rd Street | 913K SF | 12 | 2001 | $14.26 |
| 119 West 31st Street | 208K SF | 16 | 1912 | $10.70 |
| 11 Penn Plaza, 393 Seventh Avenue | 1.1M SF | 26 | 1926 | $15.88 |
| 115 West 31st Street | 56K SF | 8 | 1920 | $12.53 |
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). 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
- 127-135 West 33rd Street
- ZIP code
- 10001
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 114,415 SF
- Commercial floor area
- 114,415 SF
- Office
- 91,253 SF
- Retail
- 22,493 SF
- Industrial and storage
- 669 SF
- Height
- 18 floors
- Average floor
- About 6,400 SF (floor area divided by floors)
- Year built
- 1960
- Lot area
- 12,343 SF
- Zoning district
- C6-4.5
- Built FAR
- 9.27
- Max commercial FAR
- 12
- Tax lot (BBL)
- 1008097501
Nearest subway
- 34 St-Penn Station
- 34 St-Herald Sq
- 34 St-Penn Station
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 2 storefronts at 132 West 32nd Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 0
- Share vacant across the Garment District
- 14.0%
- Share vacant along West 33rd Street
- 4.3%
- Share vacant citywide
- 8.7%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Need a storefront in the Garment District? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-02. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, summed over the condominium's unit lot that filed, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
132 West 32nd Street is a condominium of 35 tax lots with 27 owners of record, none holding half of its market value. For tax year 2026/27 the city values 132 West 32nd Street at $44.8 million and assesses it at $20.1 million. After phase-ins and exemptions its taxable value is $18.6 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 $2.02 million a year before abatements, roughly $17.64 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $44,775,308
- Land market value
- $9,119,998
- Assessed value
- $20,148,892
- Taxable value (phased in)
- $18,781,523
- Exemptions
- $175,073
- Estimated yearly tax
- About $2.02 million
- Tax per SF of floor area
- About $17.64
- Condominium tax lots
- 35
- Owners of record
- 27
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 35 condominium tax lots; 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 Department of Buildings permits
Work permits and build-outs
In the 12 months to September 2026, the Department of Buildings issued first permits for 5 jobs at 132 West 32nd Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, the cellar, the mezzanine and the roof, was first permitted in August 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $68,000).
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 10
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1 and 2, cellar, mezzanine
- Facade and sidewalk jobs, last 24 months
- 1
Recent build-outs
New jobs by year
Build-outs across the Garment DistrictWhere 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.
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Questions about 132 West 32nd Street
How big is 132 West 32nd Street?
132 West 32nd Street has about 114,000 square feet of floor area in total, including 91,000 square feet of office, 22,000 square feet of retail and 1,000 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.
When was 132 West 32nd Street built?
City records list 1960 as the year built. The building is 18 floors tall.
What other addresses does 132 West 32nd Street have?
City records list 127-135 West 33rd Street on the same tax lot (BBL 1008097501) as 132 West 32nd Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 132 West 32nd Street?
132 West 32nd Street 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 132 West 32nd Street, New York, NY 10001, in the Garment District.
What is the zoning at 132 West 32nd Street?
The lot is in the C6-4.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.27 and a maximum commercial FAR of 12 for this lot.
What subway station is closest to 132 West 32nd Street?
The closest subway station to 132 West 32nd Street is 34 St-Penn Station (the 1, 2 and 3 trains), about 400 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 2 min walk; 34 St-Penn Station (the A, C and E trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 132 West 32nd Street?
132 West 32nd Street is a condominium of 35 tax lots with 27 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1008097501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
Is there construction at 132 West 32nd Street?
In the 12 months to September 2026, the Department of Buildings issued first permits for 5 jobs at 132 West 32nd Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 2, the cellar and the mezzanine). The newest build-out, on floors 1 and 2, the cellar, the mezzanine and the roof, was first permitted in August 2026 (construction, mechanical, plumbing, sprinklers; filed cost estimate $68,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008097501. 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 132 West 32nd Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $18.6 million for 132 West 32nd Street (the sum of its 35 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.02 million a year, roughly $17.64 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008097501 show the actual bill.
What is the assessed value of 132 West 32nd Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 132 West 32nd Street at $44.8 million ($9.12 million of it land) and its assessed value at $20.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 17% from 2022/23 ($38.2 million) to 2026/27.
Are there vacant storefronts at 132 West 32nd Street?
Owners registered 2 storefronts at 132 West 32nd Street for December 31, 2024, 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.
Is there office space for lease at 132 West 32nd Street?
No space at 132 West 32nd 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.
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Garment District
Transit hubs in the Garment District
- B D F M N Q R W at 34 St-Herald Sq
- 1 2 3 at 34 St-Penn Station