Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
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Office building with commercial space · Midtown, Manhattan
15 West 39th Street
New York, NY 10018
15 West 39th Street is a 16-floor office building with commercial space in Midtown, Manhattan, built in 1925, with about 74,000 square feet of office space according to city records.
Also at 15-19 West 39th Street.
- Office space
- 74K SF
- Floors
- 16
- Year built
- 1925
- Zoning
- M1-9A/R12
The 265th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 15 West 39th 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 15 West 39th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 15 West 39th Street ranks 4th of 7 by office floor area. It went up in 1925; the median neighbor dates from 1916. Its estimated property tax, about $8.25 a square foot of floor area before abatements, is below the neighbors' median of $13.36.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 15 West 39th Street | 74K SF | 16 | 1925 | $8.25 | n/a |
| Engineers' Club Building, 24 West 40th Street | 52K SF | 17 | 1907 | $17.62 | n/a |
| 1 West 39th Street | 123K SF | 12 | 1923 | $14.22 | Apr 2010, $330M (2 lots) |
| Engineering Societies' Building, 25 West 39th Street | 198K SF | 16 | 1906 | $13.55 | Dec 2005, $53M |
| 32 West 39th Street | 54K SF | 14 | 1925 | $13.17 | n/a |
| 8 West 40th Street | 111K SF | 23 | 1916 | $11.04 | n/a |
| 21 West 38th Street | 62K SF | 17 | 1917 | $8.75 | n/a |
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
- Other address
- 15-19 West 39th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 79,056 SF
- Commercial floor area
- 79,056 SF
- Office
- 74,056 SF
- Retail
- 5,000 SF
- Height
- 16 floors
- Average floor
- About 4,900 SF (floor area divided by floors)
- Year built
- 1925
- Last major alteration
- 2013
- Lot area
- 6,172 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 12.81
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008410027
Nearest subway
- 5 Av
- Grand Central-42 St
- Times Sq-42 St
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 15 W 39TH ST NY LLC as the owner of record. For tax year 2026/27 the city values 15 West 39th Street at $13.8 million and assesses it at $6.22 million. After phase-ins and exemptions its taxable value is $6.01 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 $652,387 a year before abatements, roughly $8.25 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
- 15 W 39TH ST NY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $13,817,000
- Land market value
- $5,000,000
- Assessed value
- $6,217,650
- Taxable value (phased in)
- $6,013,890
- Estimated yearly tax
- About $652,387
- Tax per SF of floor area
- About $8.25
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 Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 15 West 39th Street in the 12 months to September 2026; the last one was first permitted in July 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- July 2024
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across MidtownWhere 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.
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 39th Street and we match it against every new one automatically.
Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
Owners: got a fit?I have a fit
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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About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
Rentable vs usable square feet and the loss factor, explained
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Gross vs net leases in NYC: what tenants actually pay
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Questions about 15 West 39th Street
How big is 15 West 39th Street?
15 West 39th Street has about 79,000 square feet of floor area in total, including 74,000 square feet of office and 5,000 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 15 West 39th Street built?
City records list 1925 as the year built, with a major alteration recorded in 2013. The building is 16 floors tall.
What other addresses does 15 West 39th Street have?
City records list 15-19 West 39th Street on the same tax lot (BBL 1008410027) as 15 West 39th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 15 West 39th Street?
15 West 39th 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 15 West 39th Street, New York, NY 10018, in Midtown.
What is the zoning at 15 West 39th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.81 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 15 West 39th Street?
The closest subway station to 15 West 39th Street is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 700 feet away in a straight line, roughly 3 minutes on foot. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 4 min walk; 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), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 15 West 39th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 15 W 39TH ST NY LLC as the owner of record of 15 West 39th Street (BBL 1008410027). 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.
Is there construction at 15 West 39th Street?
The Department of Buildings issued no permits for new jobs at 15 West 39th Street in the 12 months to September 2026; the last one was first permitted in July 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1008410027. 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 15 West 39th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.01 million for 15 West 39th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $652,387 a year, roughly $8.25 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008410027 show the actual bill.
What is the assessed value of 15 West 39th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 15 West 39th Street at $13.8 million ($5 million of it land) and its assessed value at $6.22 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 9% from 2022/23 ($15.1 million) to 2026/27.
Is there office space for lease at 15 West 39th Street?
No space at 15 West 39th 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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Midtown
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq