Office building with commercial space · Garment District, Manhattan
205 West 39th Street
New York, NY 10018
205 West 39th Street is a 16-floor office building with commercial space in the Garment District, Manhattan, built in 1922, with about 222,000 square feet of office space according to city records.
Also at 205-223 West 39th Street and 206-216 West 40th Street.
- Office space
- 222K SF
- Floors
- 16
- Year built
- 1922
- Zoning
- M1-9A/R12
The 31st largest of the 155 office buildings we track in the Garment District. Compare it with 6 neighbors
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Compared with its neighbors
How 205 West 39th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 205 West 39th Street is the largest by office floor area. It went up in 1922; the median neighbor dates from 1923. Its estimated property tax, about $11.17 a square foot of floor area before abatements, is close to the neighbors' median of $10.68.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 205 West 39th Street | 222K SF | 16 | 1922 | $11.17 | n/a |
| 202 West 40th Street | 37K SF | 15 | 1928 | $7.40 | May 2008, $22.4M |
| 225 West 39th Street | 82K SF | 12 | 1910 | $6.55 | Mar 2024, $22.2M |
| 218 West 40th Street | 127K SF | 12 | 1923 | $12.62 | Nov 2004, $46.2M |
| 550 Seventh Avenue | 215K SF | 23 | 1924 | $11.66 | n/a |
| 214 West 39th Street | 155K SF | 12 | 1910 | $13.26 | n/a |
| 215 West 40th Street | 60K SF | 14 | 1924 | $9.69 | Aug 2015, $52.5M |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 205-223 West 39th Street; 206-216 West 40th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 229,162 SF
- Commercial floor area
- 229,162 SF
- Office
- 222,162 SF
- Retail
- 7,000 SF
- Height
- 16 floors
- Average floor
- About 14,300 SF (floor area divided by floors)
- Year built
- 1922
- Last major alteration
- 1952
- Lot area
- 21,478 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 10.67
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007890030
Nearest subway
- Times Sq-42 St
- 42 St-Bryant Pk
- 34 St-Penn Station
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 205 WEST 39TH ST COMPANY as the owner of record. For tax year 2026/27 the city values 205 West 39th Street at $55.2 million and assesses it at $24.9 million. After phase-ins and exemptions its taxable value is $23.6 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 $2.56 million a year before abatements, roughly $11.17 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
- 205 WEST 39TH ST COMPANY
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $55,246,000
- Land market value
- $11,200,000
- Assessed value
- $24,860,700
- Taxable value (phased in)
- $23,596,021
- Estimated yearly tax
- About $2.56 million
- Tax per SF of floor area
- About $11.17
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: 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 2026-10-16; 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.
Own or manage 205 West 39th Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 205 West 39th Street. In the last two years, interior work was permitted on 2 floors (floors 3 and 15). The newest build-out, on floor 3, was first permitted in February 2026 (sprinklers; filed cost estimate $9,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- February 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 3 and 15
- 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 2026-10-24 (permits issued through 2026-10-22). 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.
No office space listed in the Garment District yet
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Before you sign
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Questions about 205 West 39th Street
How big is 205 West 39th Street?
205 West 39th Street has about 229,000 square feet of floor area in total, including 222,000 square feet of office and 7,000 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 205 West 39th Street built?
City records list 1922 as the year built, with a major alteration recorded in 1952. The building is 16 floors tall.
What other addresses does 205 West 39th Street have?
City records list 205-223 West 39th Street and 206-216 West 40th Street on the same tax lot (BBL 1007890030) as 205 West 39th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 205 West 39th Street?
205 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 205 West 39th Street, New York, NY 10018, in the Garment District.
What is the zoning at 205 West 39th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.67 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 205 West 39th Street?
The closest subway station to 205 West 39th Street is 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), about 400 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), 5 min walk; 34 St-Penn Station (the A, C and E trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 205 West 39th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 205 WEST 39TH ST COMPANY as the owner of record of 205 West 39th Street (BBL 1007890030). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 205 West 39th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 205 West 39th Street. In the last two years, interior work was permitted on 2 floors (floors 3 and 15). The newest build-out, on floor 3, was first permitted in February 2026 (sprinklers; filed cost estimate $9,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007890030. 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 205 West 39th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $23.6 million for 205 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 $2.56 million a year, roughly $11.17 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007890030 show the actual bill.
What is the assessed value of 205 West 39th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 205 West 39th Street at $55.2 million ($11.2 million of it land) and its assessed value at $24.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 12% from 2022/23 ($49.3 million) to 2026/27.
Is there office space for lease at 205 West 39th Street?
No space at 205 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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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