Office building with commercial space · Garment District, Manhattan
148 West 37th Street
New York, NY 10018
148 West 37th Street is a 14-floor office building with commercial space in the Garment District, Manhattan, built in 1924, with about 88,000 square feet of office space according to city records.
Also at 148-152 West 37th Street.
- Office space
- 88K SF
- Floors
- 14
- Year built
- 1924
- Zoning
- M1-9A/R12
The 101st largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 148 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 148 West 37th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 148 West 37th Street is the smallest by office floor area. It went up in 1924; the median neighbor dates from 1922. Its estimated property tax, about $9.71 a square foot of floor area before abatements, is close to the neighbors' median of $9.79.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 148 West 37th Street | 88K SF | 14 | 1924 | $9.71 |
| 491 Seventh Avenue | 176K SF | 25 | 1925 | $11.02 |
| 134 West 37th Street | 90K SF | 12 | 1914 | $9.01 |
| 501 Seventh Avenue | 415K SF | 17 | 1923 | $10.56 |
| 141 West 36th Street | 161K SF | 22 | 1911 | $6.67 |
| 469 Seventh Avenue | 179K SF | 16 | 1921 | $17.74 |
| Fashion Tower, 135 West 36th Street | 104K SF | 22 | 1926 | $8.63 |
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
- 148-152 West 37th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 93,846 SF
- Commercial floor area
- 93,846 SF
- Office
- 87,846 SF
- Retail
- 6,000 SF
- Height
- 14 floors
- Average floor
- About 6,700 SF (floor area divided by floors)
- Year built
- 1924
- Lot area
- 6,616 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 14.18
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008120069
Nearest subway
- 34 St-Penn Station
- Times Sq-42 St
- 34 St-Herald Sq
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 148 West 37th Street for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2020.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 1
- Share vacant across the Garment District
- 14.0%
- Share vacant along West 37th Street
- 9.5%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 148 West 37th Street? Listing it is free, and it is matched against every active requirement for retail space in the Garment District the day it goes up.
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, 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
The Department of Finance lists LEFCOURT CENTRAL LLC as the owner of record. For tax year 2026/27 the city values 148 West 37th Street at $18.7 million and assesses it at $8.4 million. After phase-ins and exemptions its taxable value is $8.4 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 $911,248 a year before abatements, roughly $9.71 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
- LEFCOURT CENTRAL LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $18,667,000
- Land market value
- $4,000,000
- Assessed value
- $8,400,150
- Estimated yearly tax
- About $911,248
- Tax per SF of floor area
- About $9.71
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
148 West 37th Street reported an ENERGY STAR score of 99 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 16.7 kBtu per square foot, less than half the national median of 62.6 for a similar property. Its greenhouse gas emissions were about 202 metric tons of CO2e (1.92 kg per square foot).
- ENERGY STAR score (2024)
- 99 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 16.7 kBtu/SF
- National median for the type
- 62.6 kBtu/SF
- Greenhouse gas emissions
- 202 t CO2e
- Emissions per SF
- 1.92 kg CO2e
- Floor area in the filing
- 105,000 SF
- ENERGY STAR certified
- 2014, 2015, 2016, 2017, 2018, 2019, 2020
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 148 West 37th Street in the 12 months to September 2026; the last one was first permitted in August 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- August 2023
- Interior build-outs, last 24 months
- 0
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.
Before you sign
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Questions about 148 West 37th Street
How big is 148 West 37th Street?
148 West 37th Street has about 94,000 square feet of floor area in total, including 88,000 square feet of office and 6,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 148 West 37th Street built?
City records list 1924 as the year built. The building is 14 floors tall.
What other addresses does 148 West 37th Street have?
City records list 148-152 West 37th Street on the same tax lot (BBL 1008120069) as 148 West 37th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 148 West 37th Street?
148 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 148 West 37th Street, New York, NY 10018, in the Garment District.
What is the zoning at 148 West 37th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.18 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 148 West 37th Street?
The closest subway station to 148 West 37th Street is 34 St-Penn Station (the 1, 2 and 3 trains), about 1000 feet away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 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), 4 min walk; 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 148 West 37th Street?
The NYC Department of Finance's 2026/27 assessment roll lists LEFCOURT CENTRAL LLC as the owner of record of 148 West 37th Street (BBL 1008120069). 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.
What is the energy grade of 148 West 37th Street?
148 West 37th Street reported an ENERGY STAR score of 99 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 99 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 16.7 kBtu per square foot, less than half the national median of 62.6 for a similar property. Its greenhouse gas emissions were about 202 metric tons of CO2e (1.92 kg per square foot).
Is there construction at 148 West 37th Street?
The Department of Buildings issued no permits for new jobs at 148 West 37th Street in the 12 months to September 2026; the last one was first permitted in August 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 1008120069. 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 148 West 37th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $8.4 million for 148 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 $911,248 a year, roughly $9.71 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008120069 show the actual bill.
What is the assessed value of 148 West 37th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 148 West 37th Street at $18.7 million ($4 million of it land) and its assessed value at $8.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 5% from 2022/23 ($19.6 million) to 2026/27.
Are there vacant storefronts at 148 West 37th Street?
Owners registered 2 storefronts at 148 West 37th Street for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2020. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 148 West 37th Street?
No space at 148 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.
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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