Office building with commercial space · Garment District, Manhattan
215 West 40th Street
New York, NY 10018
215 West 40th Street is a 14-floor office building with commercial space in the Garment District, Manhattan, built in 1924, with about 60,000 square feet of office space according to city records.
Also at 215-217 West 40th Street.
- Office space
- 60K SF
- Floors
- 14
- Year built
- 1924
- Zoning
- M1-9A/R12
The 129th largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 215 West 40th 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 215 West 40th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 215 West 40th Street is the smallest by office floor area. It went up in 1924; the median neighbor dates from 1923. Its estimated property tax, about $9.69 a square foot of floor area before abatements, is below the neighbors' median of $11.89.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 215 West 40th Street | 60K SF | 14 | 1924 | $9.69 | Aug 2015, $52.5M |
| 230 West 41st Street | 237K SF | 20 | 1923 | $5.44 | Jul 2004, $60M |
| 218 West 40th Street | 127K SF | 12 | 1923 | $12.62 | Nov 2004, $46.2M |
| 200 West 41st Street | 137K SF | 21 | 1926 | $15.38 | n/a |
| 205 West 39th Street | 222K SF | 16 | 1922 | $11.17 | n/a |
| 225 West 39th Street | 82K SF | 12 | 1910 | $6.55 | Mar 2024, $22.2M |
| 240 West 40th Street | 128K SF | 12 | 1923 | $17.07 | Jul 2018, $105M |
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
- 215-217 West 40th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 65,186 SF
- Commercial floor area
- 65,186 SF
- Office
- 60,286 SF
- Retail
- 4,900 SF
- Height
- 14 floors
- Average floor
- About 4,700 SF (floor area divided by floors)
- Year built
- 1924
- Lot area
- 4,937 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 13.2
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1010120023
Nearest subway
- Times Sq-42 St
- 42 St-Bryant Pk
- 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 one storefront at 215 West 40th Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across the Garment District
- 14.0%
- Share vacant along West 40th Street
- 0.0%
- Share vacant citywide
- 8.7%
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, 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 HESKELS CAPITAL LLC as the owner of record. For tax year 2026/27 the city values 215 West 40th Street at $12.9 million and assesses it at $5.82 million. After phase-ins and exemptions its taxable value is $5.82 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 $631,874 a year before abatements, roughly $9.69 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
- HESKELS CAPITAL LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $12,944,000
- Land market value
- $3,100,000
- Assessed value
- $5,824,800
- Estimated yearly tax
- About $631,874
- Tax per SF of floor area
- About $9.69
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 property records (ACRIS)
Sales history
215 West 40th Street last sold in August 2015 for $52.5 million, according to the deed recorded with the city. 215 ENTERPRISES LLC and EC 215 LAS VEGAS LLC sold it to HESKEL'S CAPITAL LLC. That comes to about $805 per square foot of floor area.
- Last sale (deed date)
- August 27, 2015
- Price
- $52,500,000
- Price per SF of floor area
- About $805
- Seller
- 215 ENTERPRISES LLC and EC 215 LAS VEGAS LLC
- Buyer
- HESKEL'S CAPITAL LLC
- Deed recorded
- September 15, 2015
- ACRIS document
- 2015083100670003
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
215 West 40th Street reported an ENERGY STAR score of 60 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 64.6 kBtu per square foot, 13% below the national median of 74.1 for a similar property. Its greenhouse gas emissions were about 380 metric tons of CO2e (5.6 kg per square foot).
- ENERGY STAR score (2024)
- 60 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 64.6 kBtu/SF
- National median for the type
- 74.1 kBtu/SF
- Greenhouse gas emissions
- 380 t CO2e
- Emissions per SF
- 5.6 kg CO2e
- Floor area in the filing
- 67,823 SF
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
In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 215 West 40th Street. In the last two years, interior work was permitted on the cellar. The newest build-out, on the cellar, was first permitted in June 2026 (boiler; filed cost estimate $45,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- Cellar
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 215 West 40th Street
How big is 215 West 40th Street?
215 West 40th Street has about 65,000 square feet of floor area in total, including 60,000 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 215 West 40th Street built?
City records list 1924 as the year built. The building is 14 floors tall.
What other addresses does 215 West 40th Street have?
City records list 215-217 West 40th Street on the same tax lot (BBL 1010120023) as 215 West 40th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 215 West 40th Street?
215 West 40th 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 215 West 40th Street, New York, NY 10018, in the Garment District.
What is the zoning at 215 West 40th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.2 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 215 West 40th Street?
The closest subway station to 215 West 40th 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 250 feet away in a straight line, roughly 1 minute 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), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 215 West 40th Street?
The NYC Department of Finance's 2026/27 assessment roll lists HESKELS CAPITAL LLC as the owner of record of 215 West 40th Street (BBL 1010120023). 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.
When was 215 West 40th Street last sold?
215 West 40th Street last sold in August 2015 for $52.5 million, according to the deed recorded with the city. 215 ENTERPRISES LLC and EC 215 LAS VEGAS LLC sold it to HESKEL'S CAPITAL LLC. That comes to about $805 per square foot of floor area. The deed is ACRIS document 2015083100670003 (BBL 1010120023) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
What is the energy grade of 215 West 40th Street?
215 West 40th Street reported an ENERGY STAR score of 60 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 60 earns a C. 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 64.6 kBtu per square foot, 13% below the national median of 74.1 for a similar property. Its greenhouse gas emissions were about 380 metric tons of CO2e (5.6 kg per square foot).
Is there construction at 215 West 40th Street?
In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 215 West 40th Street. In the last two years, interior work was permitted on the cellar. The newest build-out, on the cellar, was first permitted in June 2026 (boiler; filed cost estimate $45,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010120023. 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 215 West 40th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.82 million for 215 West 40th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $631,874 a year, roughly $9.69 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010120023 show the actual bill.
What is the assessed value of 215 West 40th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 215 West 40th Street at $12.9 million ($3.1 million of it land) and its assessed value at $5.82 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 3% from 2022/23 ($13.3 million) to 2026/27.
Are there vacant storefronts at 215 West 40th Street?
Owners registered one storefront at 215 West 40th Street for December 31, 2024, the newest annual filing the city has published, and it was not 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 215 West 40th Street?
No space at 215 West 40th 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