Office building with commercial space · Garment District, Manhattan
231 West 29th Street
New York, NY 10001
231 West 29th Street is a 15-floor office building with commercial space in the Garment District, Manhattan, built in 1927, with about 135,000 square feet of office space according to city records.
Also at 231-239 West 29th Street.
- Office space
- 135K SF
- Floors
- 15
- Year built
- 1927
- Zoning
- M1-9A/R12
The 62nd 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 231 West 29th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 231 West 29th Street is the largest by office floor area. It went up in 1927; the median neighbor dates from 1925. Its estimated property tax, about $5.66 a square foot of floor area before abatements, is below the neighbors' median of $7.46.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 231 West 29th Street | 135K SF | 15 | 1927 | $5.66 |
| 227 West 29th Street | 52K SF | 14 | 1927 | $6.64 |
| 224 West 30th Street | 133K SF | 14 | 1925 | $7.03 |
| 236 West 30th Street | 60K SF | 14 | 1926 | $6.53 |
| Furcraft Building, 242 West 30th Street | 87K SF | 14 | 1925 | $7.89 |
| 29th Street Towers, 224 West 29th Street | 41K SF | 14 | 1926 | $8.05 |
| 29th Street Towers, 214 West 29th Street | 117K SF | 16 | 1925 | $9.94 |
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). 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
- 231-239 West 29th Street
- ZIP code
- 10001
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 144,323 SF
- Commercial floor area
- 144,323 SF
- Office
- 135,323 SF
- Retail
- 9,000 SF
- Height
- 15 floors
- Average floor
- About 9,600 SF (floor area divided by floors)
- Year built
- 1927
- Lot area
- 11,482 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 12.57
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007790017
Nearest subway
- 28 St
- 34 St-Penn Station
- 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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 9 storefronts at 231 West 29th Street for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 9
- Vacant that day
- 0
- Share vacant here
- 0.0%
- Share vacant across the Garment District
- 13.7%
- Share vacant along West 29th Street
- 19.4%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in the Garment District? 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 JR BUILDING ASSOCIATES as the owner of record. For tax year 2026/27 the city values 231 West 29th Street at $16.7 million and assesses it at $7.53 million. After phase-ins and exemptions its taxable value is $7.53 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 $817,131 a year before abatements, roughly $5.66 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
- JR BUILDING ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $16,739,000
- Land market value
- $2,000,000
- Assessed value
- $7,532,550
- Estimated yearly tax
- About $817,131
- Tax per SF of floor area
- About $5.66
City market value by tax year
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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.
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SEC filings (EDGAR)
Companies with offices here
One investment manager gives 231 West 29th Street as its office address in SEC filings.
Investment manager
Source: U.S. Securities and Exchange Commission, EDGAR, Financial Statement Data Sets (2025 Q4 to 2026 Q3) and Form 13F Data Sets (through August 2026), pulled 2026-10-24; names as filed. The address is the one each company reports to the SEC. This is not a tenant roster: private companies and most smaller firms do not file with the SEC, a company can report a building it owns, and an address can trail a move by a quarter. Care-of addresses, blank check companies and asset-backed issuers are left out.
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NYC energy benchmarking (Local Law 84)
Energy use and emissions
231 West 29th 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 56.8 kBtu per square foot, 26% below the national median of 76.7 for a similar property. Its greenhouse gas emissions were about 759 metric tons of CO2e (4.91 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 56.8 kBtu/SF
- National median for the type
- 76.7 kBtu/SF
- Greenhouse gas emissions
- 759 t CO2e
- Emissions per SF
- 4.91 kg CO2e
- Floor area in the filing
- 154,426 SF
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 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 231 West 29th Street in the 12 months to October 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on one floor (floor 9). The newest build-out, on floor 9, was first permitted in May 2025 (construction; filed cost estimate $20,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- May 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 9
- 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 231 West 29th Street
How big is 231 West 29th Street?
231 West 29th Street has about 144,000 square feet of floor area in total, including 135,000 square feet of office and 9,000 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 231 West 29th Street built?
City records list 1927 as the year built. The building is 15 floors tall.
What other addresses does 231 West 29th Street have?
City records list 231-239 West 29th Street on the same tax lot (BBL 1007790017) as 231 West 29th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 231 West 29th Street?
231 West 29th Street is in ZIP code 10001, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 231 West 29th Street, New York, NY 10001, in the Garment District.
What is the zoning at 231 West 29th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.57 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 231 West 29th Street?
The closest subway station to 231 West 29th Street is 28 St (the 1 train), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 34 St-Penn Station (the 1, 2 and 3 trains), 4 min walk; 34 St-Penn Station (the A, C and E trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 231 West 29th Street?
The NYC Department of Finance's 2026/27 assessment roll lists JR BUILDING ASSOCIATES as the owner of record of 231 West 29th Street (BBL 1007790017). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Who are the tenants at 231 West 29th Street?
Leasemark does not have the building's tenant roster, but SEC filings name companies with offices at 231 West 29th Street. One investment manager files 13F holdings reports from the address: Payne Capital Management, LLC. Private companies do not file with the SEC, so the full list of tenants is longer, and a company can also report a building it owns.
Does 231 West 29th Street have an energy grade?
231 West 29th 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 56.8 kBtu per square foot, 26% below the national median of 76.7 for a similar property. Its greenhouse gas emissions were about 759 metric tons of CO2e (4.91 kg per square foot).
Is there construction at 231 West 29th Street?
The Department of Buildings issued no permits for new jobs at 231 West 29th Street in the 12 months to October 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on one floor (floor 9). The newest build-out, on floor 9, was first permitted in May 2025 (construction; filed cost estimate $20,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007790017. 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 231 West 29th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.53 million for 231 West 29th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $817,131 a year, roughly $5.66 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007790017 show the actual bill.
What is the assessed value of 231 West 29th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 231 West 29th Street at $16.7 million ($2 million of it land) and its assessed value at $7.53 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 18% from 2022/23 ($20.4 million) to 2026/27.
Are there vacant storefronts at 231 West 29th Street?
Owners registered 9 storefronts at 231 West 29th Street for December 31, 2025, 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 231 West 29th Street?
No space at 231 West 29th 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