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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Commercial condominium · Midtown, Manhattan
A. T. Demarest & Company and Peerless Motor Car Company Buildings
224 West 57th Street, New York, NY 10019
A. T. Demarest & Company and Peerless Motor Car Company Buildings (224 West 57th Street) is an 11-floor commercial condominium in Midtown, Manhattan, built in 1909, with about 92,000 square feet of office space according to city records.
Also at 1758-1770 Broadway and 224-228 West 57th Street.
- Office space
- 92K SF
- Floors
- 11
- Year built
- 1909
- Zoning
- C5-3
The 249th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 224 West 57th 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 A. T. Demarest & Company and Peerless Motor Car Company Buildings compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, A. T. Demarest & Company and Peerless Motor Car Company Buildings is the smallest by office floor area. Built in 1909, it is the oldest of them. Its estimated property tax, about $6.89 a square foot of floor area before abatements, is below the neighbors' median of $21.44.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| A. T. Demarest & Company and Peerless Motor Car Company Buildings, 224 West 57th Street | 92K SF | 11 | 1909 | $6.89 | n/a |
| 1776 Broadway | 103K SF | 24 | 1927 | $14.43 | n/a |
| 888 Seventh Avenue | 785K SF | 45 | 1970 | $22.03 | n/a |
| Rodin Studios, 894 Seventh Avenue | 116K SF | 16 | 1917 | $25.17 | Apr 2015, $91M |
| 250 West 57th Street | 393K SF | 26 | 1921 | $19.25 | Jun 2026, $275M |
| 1740 Broadway | 512K SF | 26 | 1950 | $20.85 | Apr 2024, $186M |
| United States Rubber Company Building, 1784 Broadway | 189K SF | 20 | 1912 | $23.25 | 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
- Building name
- A. T. Demarest & Company and Peerless Motor Car Company Buildings
- Other addresses
- 1758-1770 Broadway; 224-228 West 57th Street
- ZIP code
- 10019
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 98,341 SF
- Commercial floor area
- 98,340 SF
- Office
- 92,234 SF
- Retail
- 6,106 SF
- Height
- 11 floors
- Average floor
- About 8,900 SF (floor area divided by floors)
- Year built
- 1909
- Lot area
- 14,200 SF
- Zoning district
- C5-3
- Built FAR
- 6.93
- Max commercial FAR
- 15
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 1010287502
Nearest subway
- 57 St-7 Av
- 59 St-Columbus Circle
- 7 Av
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 2 storefronts at A. T. Demarest & Company and Peerless Motor Car Company Buildings for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 0
- Share vacant across Midtown
- 14.0%
- Share vacant along West 57th Street
- 18.2%
- Share vacant citywide
- 8.7%
- Condominium tax lots that filed
- 2
Vacant on December 31, by year
Need a storefront in Midtown? 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, summed over the condominium's unit lots that filed, 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
A. T. Demarest & Company and Peerless Motor Car Company Buildings is a condominium of 4 tax lots. 224 SHUR LLC, one of 2 owners of record on the roll, owns the units that make up 70% of its market value. For tax year 2026/27 the city values A. T. Demarest & Company and Peerless Motor Car Company Buildings at $49.6 million and assesses it at $22.3 million. After phase-ins and exemptions its taxable value is $6.25 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 $677,668 a year before abatements, roughly $6.89 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.
- Largest unit owner
- 224 SHUR LLC (70% of market value)
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $49,639,740
- Land market value
- $8,750,000
- Assessed value
- $22,337,883
- Taxable value (phased in)
- $22,037,274
- Exemptions
- $15,790,331
- Estimated yearly tax
- About $677,668
- Tax per SF of floor area
- About $6.89
- Condominium tax lots
- 4
- Owners of record
- 2
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 4 condominium tax lots; 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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
A. T. Demarest & Company and Peerless Motor Car Company Buildings reported an ENERGY STAR score of 71 out of 100 for 2023 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 55.2 kBtu per square foot, 26% below the national median of 74.5 for a similar property. Its greenhouse gas emissions were about 882 metric tons of CO2e (5.2 kg per square foot).
- ENERGY STAR score (2023)
- 71 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 55.2 kBtu/SF
- National median for the type
- 74.5 kBtu/SF
- Greenhouse gas emissions
- 882 t CO2e
- Emissions per SF
- 5.2 kg CO2e
- Floor area in the filing
- 169,416 SF
- ENERGY STAR certified
- 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023
ENERGY STAR score by year
Energy sources in 2023
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 (2023 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 A. T. Demarest & Company and Peerless Motor Car Company Buildings. A sidewalk shed permit here is active until December 14, 2026.
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 1
- Newest job first permitted
- October 2025
- Interior build-outs, last 24 months
- 0
- Facade and sidewalk jobs, last 24 months
- 4
- Sidewalk shed permit
- Active until Dec 14, 2026
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.
Landmarks Preservation Commission records
Architecture and history
The Landmarks Preservation Commission designated A. T. Demarest & Company and Peerless Motor Car Company Buildings a New York City landmark on December 19, 2000.
- City landmark
- A. T. Demarest & Company and Peerless Motor Car Company Buildings: individual landmark, designated December 19, 2000 (LP-02082)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.
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 224 West 57th 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
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Questions about A. T. Demarest & Company and Peerless Motor Car Company Buildings
How big is A. T. Demarest & Company and Peerless Motor Car Company Buildings?
A. T. Demarest & Company and Peerless Motor Car Company Buildings has about 98,000 square feet of floor area in total, including 92,000 square feet of office and 6,000 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 A. T. Demarest & Company and Peerless Motor Car Company Buildings built?
City records list 1909 as the year built. The building is 11 floors tall.
Is A. T. Demarest & Company and Peerless Motor Car Company Buildings a New York City landmark?
Yes. The Landmarks Preservation Commission designated A. T. Demarest & Company and Peerless Motor Car Company Buildings an individual landmark on December 19, 2000 (LP-02082). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of A. T. Demarest & Company and Peerless Motor Car Company Buildings?
A. T. Demarest & Company and Peerless Motor Car Company Buildings is at 224 West 57th Street in Midtown, Manhattan. City records list 1758-1770 Broadway and 224-228 West 57th Street on the same tax lot (BBL 1010287502). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 224 West 57th Street?
224 West 57th Street is in ZIP code 10019, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. A. T. Demarest & Company and Peerless Motor Car Company Buildings is at 224 West 57th Street, New York, NY 10019, in Midtown.
What is the zoning at A. T. Demarest & Company and Peerless Motor Car Company Buildings?
The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 6.93 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to A. T. Demarest & Company and Peerless Motor Car Company Buildings?
The closest subway station to A. T. Demarest & Company and Peerless Motor Car Company Buildings is 57 St-7 Av (the N, Q, R and W trains), about 500 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 59 St-Columbus Circle (the 1, A, B, C and D trains), 3 min walk; 7 Av (the B, D and E trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns A. T. Demarest & Company and Peerless Motor Car Company Buildings?
A. T. Demarest & Company and Peerless Motor Car Company Buildings is a condominium of 4 tax lots. 224 SHUR LLC, one of 2 owners of record on the roll, owns the units that make up 70% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1010287502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
What is the energy grade of A. T. Demarest & Company and Peerless Motor Car Company Buildings?
A. T. Demarest & Company and Peerless Motor Car Company Buildings reported an ENERGY STAR score of 71 for calendar year 2023 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 71 earns a B. 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 55.2 kBtu per square foot, 26% below the national median of 74.5 for a similar property. Its greenhouse gas emissions were about 882 metric tons of CO2e (5.2 kg per square foot).
Is there construction at A. T. Demarest & Company and Peerless Motor Car Company Buildings?
In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at A. T. Demarest & Company and Peerless Motor Car Company Buildings. A sidewalk shed permit here is active until December 14, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1010287502. 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 A. T. Demarest & Company and Peerless Motor Car Company Buildings?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.25 million for A. T. Demarest & Company and Peerless Motor Car Company Buildings (the sum of its 4 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $677,668 a year, roughly $6.89 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010287502 show the actual bill.
What is the assessed value of A. T. Demarest & Company and Peerless Motor Car Company Buildings?
For tax year 2026/27, the NYC Department of Finance puts the market value of A. T. Demarest & Company and Peerless Motor Car Company Buildings at $49.6 million ($8.75 million of it land) and its assessed value at $22.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 1% from 2022/23 ($50.1 million) to 2026/27.
Are there vacant storefronts at A. T. Demarest & Company and Peerless Motor Car Company Buildings?
Owners registered 2 storefronts at A. T. Demarest & Company and Peerless Motor Car Company Buildings for December 31, 2024, the newest annual filing the city has published, and none stood 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 A. T. Demarest & Company and Peerless Motor Car Company Buildings?
No space at 224 West 57th 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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