218 West 40th Street

218 West 40th Street has about 146,000 square feet of floor area in total, including 127,000 square feet of office and 19,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1923 as the year built, with a major alteration recorded in 1985. The building is 12 floors tall.

City records list 218-232 West 40th Street on the same tax lot (BBL 1007890052) as 218 West 40th Street. A space listed on Leasemark at any of these addresses shows up on this page.

218 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 218 West 40th Street, New York, NY 10018, in the Garment District.

The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.8 and a maximum commercial FAR of 15 for this lot.

The closest subway station to 218 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 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.

The NYC Department of Finance's 2026/27 assessment roll lists 218 W 40TH ASSOCIATES LLC as the owner of record of 218 West 40th Street (BBL 1007890052). 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.

218 West 40th Street last sold in November 2004 for $46.2 million, according to the deed recorded with the city. 218 WEST 40TH STREET INVESTORS, LLC sold it to 218 WEST 40TH ASSOCIATES LLC. That comes to about $315 per square foot of floor area. The deed is ACRIS document 2004111201825001 (BBL 1007890052) 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.

218 West 40th Street'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 35.8 kBtu per square foot, 50% below the national median of 71.4 for a similar property. Its greenhouse gas emissions were about 439 metric tons of CO2e (2.64 kg per square foot).

At its 2024 energy use, 218 West 40th Street comes to about 379 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,308 tons for 2024 to 2029 (29% of the limit), so it would owe no penalty. From 2030 the limit drops to 435 tons and the same energy use counts as about 296 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

In the 12 months to October 2026, the Department of Buildings issued first permits for 7 jobs at 218 West 40th Street. In the last two years, interior work was permitted on 10 floors (floors 1, 3 to 7 and 9 to 12, the ground floor and the mezzanine). The newest build-out, on floors 3 and 4, was first permitted in September 2026 (sprinklers; filed cost estimate $73,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007890052. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $17 million for 218 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 $1.85 million a year, roughly $12.62 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007890052 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 218 West 40th Street at $38 million ($3.21 million of it land) and its assessed value at $17.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 1% from 2022/23 ($37.7 million) to 2026/27.

Owners registered one storefront at 218 West 40th Street for December 31, 2025, 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.

No space at 218 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.