Office building · Midtown, Manhattan

Barbey Building

15 West 38th Street, New York, NY 10018

The Barbey Building (15 West 38th Street) is a 12-floor office building in Midtown, Manhattan, built in 1909, with about 60,000 square feet of office space according to city records.

Also at 15-17 West 38th Street.

Office space
60K SF
Floors
12
Year built
1909
Zoning
M1-9A/R12

The 289th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How the Barbey Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Barbey Building ranks 5th of 7 by office floor area. It went up in 1909; the median neighbor dates from 1913. Its estimated property tax, about $9.29 a square foot of floor area before abatements, is below the neighbors' median of $11.30.

The Barbey Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
Barbey Building, 15 West 38th StreetThis building60K SF121909$9.29n/a
21 West 38th Street1 min walk62K SF171917$8.75n/a
22 West 38th Street1 min walk56K SF121912$10.85Jun 2019, $60.5M
29 West 38th Street1 min walk89K SF161912$9.56n/a
Lord & Taylor Building, 424 Fifth Avenue1 min walk614K SF141914$35.74Mar 2020, $978M
8 West 38th Street1 min walk101K SF121900$11.75Jul 2024, $35M
32 West 39th Street1 min walk54K SF141925$13.17n/a
The 289th largest of the 315 office buildings we track in Midtown: see the full list

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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Building name
Barbey Building
Other address
15-17 West 38th Street
ZIP code
10018
Building type
Office building (city class O3)
Total floor area
60,449 SF
Commercial floor area
60,449 SF
Office
60,449 SF
Height
12 floors
Average floor
About 5,000 SF (floor area divided by floors)
Year built (tax records)
1910
Lot area
5,555 SF
Zoning district
M1-9A/R12
Built FAR
10.88
Max commercial FAR
15
Landmark status
Individual landmark
Tax lot (BBL)
1008400031

Nearest subway

  • 5 Av4 min walk · Not accessible · connects to 42 St-Bryant Pk
  • Grand Central-42 St5 min walk · Accessible station
  • 34 St-Herald Sq5 min walk · Accessible station

Nearby large buildings

All 34 large office buildings on West 38th Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 15W38 SPE LLC as the owner of record. For tax year 2026/27 the city values the Barbey Building at $12.8 million and assesses it at $5.78 million. After phase-ins and exemptions its taxable value is $5.18 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 $561,872 a year before abatements, roughly $9.29 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
15W38 SPE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$12,835,000
Land market value
$4,420,000
Assessed value
$5,775,750
Taxable value (phased in)
$5,179,500
Estimated yearly tax
About $561,872
Tax per SF of floor area
About $9.29

City market value by tax year

  • 2022/23$9.88 million
  • 2023/24$10.5 million
  • 2024/25$12.1 million
  • 2025/26$12.3 million
  • 2026/27$12.8 million

Market value rose 30% from 2022/23 ($9.88 million) to 2026/27.

How Midtown compares: property tax per SF across NYC neighborhoods

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 use and emissions

The Barbey Building'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 53.6 kBtu per square foot, 29% above the national median of 41.6 for a similar property. Its greenhouse gas emissions were about 373 metric tons of CO2e (6.17 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
53.6 kBtu/SF
National median for the type
41.6 kBtu/SF
Greenhouse gas emissions
373 t CO2e
Emissions per SF
6.17 kg CO2e
Floor area in the filing
60,449 SF

Energy sources in 2024

  • Electricity100%

Share of the energy used on site, as filed.

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.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at the Barbey Building in the 12 months to September 2026; the last one was first permitted in January 2025.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
January 2025
Interior build-outs, last 24 months
0
Facade and sidewalk jobs, last 24 months
1

New jobs by year

  • 20210
  • 20221
  • 20230
  • 20241
  • 20251
  • 2026 to date0

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.

Landmarks Preservation Commission records

Architecture and history

The Barbey Building was designed by Delano & Aldrich and built in 1908-1909 in the Renaissance Revival style. The Landmarks Preservation Commission designated it a New York City landmark on August 12, 2025.

Architect
Delano & Aldrich
Constructed
1908-1909
Style
Renaissance Revival
Primary material
Red brick
Built as
Lofts and offices
City landmark
Barbey Building: individual landmark, designated August 12, 2025 (LP-02687)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.

Office space nearby in Midtown

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 15 West 38th Street and we match it against every new one automatically.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

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Questions about Barbey Building

How big is the Barbey Building?

The Barbey Building has about 60,000 square feet of floor area in total, including 60,000 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 the Barbey Building built?

The Landmarks Preservation Commission's building records date the Barbey Building to 1908-1909, designed by Delano & Aldrich. City tax records list 1910 as the year built. The building is 12 floors tall.

Who designed the Barbey Building?

Delano & Aldrich, according to the Landmarks Preservation Commission's building records, which list the style as Renaissance Revival and its original use as lofts and offices.

Is the Barbey Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Barbey Building an individual landmark on August 12, 2025 (LP-02687). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Barbey Building?

The Barbey Building is at 15 West 38th Street in Midtown, Manhattan. City records list 15-17 West 38th Street on the same tax lot (BBL 1008400031). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 15 West 38th Street?

15 West 38th 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 Barbey Building is at 15 West 38th Street, New York, NY 10018, in Midtown.

What is the zoning at the Barbey Building?

The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.88 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the Barbey Building?

The closest subway station to the Barbey Building is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 950 feet away in a straight line, roughly 4 minutes on foot. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 5 min walk; 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Barbey Building?

The NYC Department of Finance's 2026/27 assessment roll lists 15W38 SPE LLC as the owner of record of the Barbey Building (BBL 1008400031). 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.

Does the Barbey Building have an energy grade?

The Barbey Building'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 53.6 kBtu per square foot, 29% above the national median of 41.6 for a similar property. Its greenhouse gas emissions were about 373 metric tons of CO2e (6.17 kg per square foot).

Is there construction at the Barbey Building?

The Department of Buildings issued no permits for new jobs at the Barbey Building in the 12 months to September 2026; the last one was first permitted in January 2025. These are the Department of Buildings' DOB NOW work permits for tax lot 1008400031. 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 the Barbey Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.18 million for the Barbey Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $561,872 a year, roughly $9.29 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008400031 show the actual bill.

What is the assessed value of the Barbey Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Barbey Building at $12.8 million ($4.42 million of it land) and its assessed value at $5.78 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 30% from 2022/23 ($9.88 million) to 2026/27.

Is there office space for lease at the Barbey Building?

No space at 15 West 38th 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.

1,677 buildings from city records

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