Office building · Times Square, Manhattan
221 West 41st Street
New York, NY 10036
221 West 41st Street is a 25-floor office building in Times Square, Manhattan, built in 1921, with about 195,000 square feet of office space according to city records.
Also at 220-224 West 42nd Street.
- Office space
- 195K SF
- Floors
- 25
- Year built
- 1921
- Zoning
- C6-7
The 10th largest of the 19 office buildings we track in Times Square. Compare it with 6 neighbors
No space at 221 West 41st 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. Nothing free right now? Get tenant alerts for Times Square and hear the moment a tenant posts a requirement there. Manage or lease this building? Claim this page.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 221 West 41st Street compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 221 West 41st Street ranks 5th of 7 by office floor area. Built in 1921, it is the oldest of them. Its estimated property tax, about $23.30 a square foot of floor area before abatements, is above the neighbors' median of $15.38.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 221 West 41st Street | 195K SF | 25 | 1921 | $23.30 | Mar 2022, $161M |
| 5 Times Square, 592 Seventh Avenue | 1.1M SF | 38 | 2000 | $17.31 | n/a |
| 230 West 41st Street | 237K SF | 20 | 1923 | $5.44 | Jul 2004, $60M |
| 200 West 41st Street | 137K SF | 21 | 1926 | $15.38 | n/a |
| 215 West 40th Street | 60K SF | 14 | 1924 | $9.69 | Aug 2015, $52.5M |
| Times Square Tower, 1459 Broadway | 1.1M SF | 48 | 2002 | Exempt | n/a |
| Eleven Times Square, 640 Eighth Avenue | 743K SF | 40 | 2007 | $28.90 | 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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 220-224 West 42nd Street
- ZIP code
- 10036
- Building type
- Office building (city class O4)
- Total floor area
- 235,300 SF
- Commercial floor area
- 235,300 SF
- Office
- 195,300 SF
- Retail
- 40,000 SF
- Height
- 25 floors
- Average floor
- About 9,400 SF (floor area divided by floors)
- Year built
- 1921
- Last major alteration
- 2019
- Lot area
- 10,109 SF
- Zoning district
- C6-7
- Built FAR
- 23.28
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1010130042
Nearest subway
- Times Sq-42 St
- 42 St-Bryant Pk
- 49 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 221 West 41st Street for December 31, 2025, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2025
- 1
- Vacant that day
- 0
- Share vacant across Times Square
- 18.0%
- Share vacant along West 42nd Street
- 15.8%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Times Square? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 YS 220W42 OWNER LLC as the owner of record. For tax year 2026/27 the city values 221 West 41st Street at $116.1 million and assesses it at $52.3 million. After phase-ins and exemptions its taxable value is $50.5 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 $5.48 million a year before abatements, roughly $23.30 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
- YS 220W42 OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $116,132,000
- Land market value
- $32,000,000
- Assessed value
- $52,259,400
- Taxable value (phased in)
- $50,544,840
- Estimated yearly tax
- About $5.48 million
- Tax per SF of floor area
- About $23.30
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 221 West 41st Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC property records (ACRIS)
Sales history
221 West 41st Street last sold in March 2022 for $161.1 million, according to the deed recorded with the city. EPIC CANDLER LLC sold it to YS 220W42 OWNER LLC. That comes to about $685 per square foot of floor area.
- Last sale (deed date)
- March 17, 2022
- Price
- $161,109,000
- Price per SF of floor area
- About $685
- Seller
- EPIC CANDLER LLC
- Buyer
- YS 220W42 OWNER LLC
- Deed recorded
- March 24, 2022
- ACRIS document
- 2022032100513001
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; 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 Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 221 West 41st Street. In the last two years, interior work was permitted on 6 floors (floors 1, 3 to 6 and 15, the cellar, the mezzanine and the sub-cellar). The newest build-out, on floors 1, 3 to 6 and 15, the cellar, the mezzanine and the sub-cellar, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $30 million). A sidewalk shed permit here is active until December 7, 2026.
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 11
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1, 3 to 6 and 15, cellar, mezzanine, sub-cellar
- Facade and sidewalk jobs, last 24 months
- 5
- Sidewalk shed permit
- Active until Dec 7, 2026
Recent build-outs
New jobs by year
Build-outs across Times SquareWhere 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 Times Square yet
Own or broker space at 221 West 41st Street? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
How much office space do you need per employee in 2026
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.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 221 West 41st Street
How big is 221 West 41st Street?
221 West 41st Street has about 235,000 square feet of floor area in total, including 195,000 square feet of office and 40,000 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 221 West 41st Street built?
City records list 1921 as the year built, with a major alteration recorded in 2019. The building is 25 floors tall.
What other addresses does 221 West 41st Street have?
City records list 220-224 West 42nd Street on the same tax lot (BBL 1010130042) as 221 West 41st Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 221 West 41st Street?
221 West 41st Street is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 221 West 41st Street, New York, NY 10036, in Times Square.
What is the zoning at 221 West 41st Street?
The lot is in the C6-7 zoning district. PLUTO lists a built floor area ratio (FAR) of 23.28 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 221 West 41st Street?
The closest subway station to 221 West 41st 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 300 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; 49 St (the N, R and W trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 221 West 41st Street?
The NYC Department of Finance's 2026/27 assessment roll lists YS 220W42 OWNER LLC as the owner of record of 221 West 41st Street (BBL 1010130042). 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 221 West 41st Street last sold?
221 West 41st Street last sold in March 2022 for $161.1 million, according to the deed recorded with the city. EPIC CANDLER LLC sold it to YS 220W42 OWNER LLC. That comes to about $685 per square foot of floor area. The deed is ACRIS document 2022032100513001 (BBL 1010130042) 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.
Is there construction at 221 West 41st Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 221 West 41st Street. In the last two years, interior work was permitted on 6 floors (floors 1, 3 to 6 and 15, the cellar, the mezzanine and the sub-cellar). The newest build-out, on floors 1, 3 to 6 and 15, the cellar, the mezzanine and the sub-cellar, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $30 million). A sidewalk shed permit here is active until December 7, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1010130042. 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 221 West 41st Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $50.5 million for 221 West 41st Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $5.48 million a year, roughly $23.30 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010130042 show the actual bill.
What is the assessed value of 221 West 41st Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 221 West 41st Street at $116.1 million ($32 million of it land) and its assessed value at $52.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($110.5 million) to 2026/27.
Are there vacant storefronts at 221 West 41st Street?
Owners registered one storefront at 221 West 41st 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.
Is there office space for lease at 221 West 41st Street?
No space at 221 West 41st 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.
2,723 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
Times Square
Transit hubs in Times Square
- 1 2 3 7 N Q R W S at Times Sq-42 St
- A C E at 42 St-Port Authority