Office building with commercial space · Garment District, Manhattan
234 West 39th Street
New York, NY 10018
234 West 39th Street is a 10-floor office building with commercial space in the Garment District, Manhattan, built in 1921, with about 77,000 square feet of office space according to city records.
Also at 234-242 West 39th Street.
- Office space
- 77K SF
- Floors
- 10
- Year built
- 1921
- Zoning
- M1-9A/R12
The 114th largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
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Compared with its neighbors
How 234 West 39th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 234 West 39th Street ranks 6th of 7 by office floor area. It went up in 1921; the median neighbor dates from 1918. Its estimated property tax, about $9.35 a square foot of floor area before abatements, is close to the neighbors' median of $9.69.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 234 West 39th Street | 77K SF | 10 | 1921 | $9.35 | May 2019, $56.5M |
| 230 West 39th Street | 53K SF | 16 | 1926 | $10.71 | n/a |
| 250 West 39th Street | 177K SF | 17 | 1926 | $10.62 | Dec 2015, $124M |
| 231 West 39th Street | 199K SF | 12 | 1911 | $8.77 | n/a |
| 214 West 39th Street | 155K SF | 12 | 1910 | $13.26 | n/a |
| 225 West 39th Street | 82K SF | 12 | 1910 | $6.55 | Mar 2024, $22.2M |
| 251 West 39th Street | 102K SF | 17 | 1925 | $5.56 | Dec 2018, $29.8M |
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
- 234-242 West 39th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 81,763 SF
- Commercial floor area
- 81,763 SF
- Office
- 76,763 SF
- Retail
- 5,000 SF
- Height
- 10 floors
- Average floor
- About 8,200 SF (floor area divided by floors)
- Year built
- 1921
- Lot area
- 8,475 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 9.65
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007880066
Nearest subway
- Times Sq-42 St
- 34 St-Penn Station
- 42 St-Bryant Pk
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists 234 WEST 39TH STREET, INC. as the owner of record. For tax year 2026/27 the city values 234 West 39th Street at $15.7 million and assesses it at $7.05 million. After phase-ins and exemptions its taxable value is $7.05 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 $764,361 a year before abatements, roughly $9.35 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
- 234 WEST 39TH STREET, INC.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $15,658,000
- Land market value
- $2,240,000
- Assessed value
- $7,046,100
- Estimated yearly tax
- About $764,361
- Tax per SF of floor area
- About $9.35
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
234 West 39th Street last sold in May 2019 for $56.5 million, according to the deed recorded with the city. 234 W 39TH STREET BORROWER LLC sold it to 234 WEST 39TH STREET, INC.. That comes to about $691 per square foot of floor area.
- Last sale (deed date)
- May 30, 2019
- Price
- $56,500,000
- Price per SF of floor area
- About $691
- Seller
- 234 W 39TH STREET BORROWER LLC
- Buyer
- 234 WEST 39TH STREET, INC.
- Deed recorded
- June 13, 2019
- ACRIS document
- 2019060401303002
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
234 West 39th Street reported an ENERGY STAR score of 97 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 35.8 kBtu per square foot, less than half the national median of 106.7 for a similar property. Its greenhouse gas emissions were about 261 metric tons of CO2e (3.19 kg per square foot).
- ENERGY STAR score (2024)
- 97 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 35.8 kBtu/SF
- National median for the type
- 106.7 kBtu/SF
- Greenhouse gas emissions
- 261 t CO2e
- Emissions per SF
- 3.19 kg CO2e
- Floor area in the filing
- 81,779 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
The Department of Buildings issued no permits for new jobs at 234 West 39th Street in the 12 months to September 2026; the last one was first permitted in June 2025. In the last two years, interior work was permitted on 2 floors (floors 3 and 4 and the lobby). The newest build-out, on floors 3 and 4, was first permitted in May 2025 (construction, mechanical, plumbing, sprinklers; filed cost estimate $820,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- June 2025
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 3 and 4, lobby
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.
Before you sign
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Questions about 234 West 39th Street
How big is 234 West 39th Street?
234 West 39th Street has about 82,000 square feet of floor area in total, including 77,000 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 234 West 39th Street built?
City records list 1921 as the year built. The building is 10 floors tall.
What other addresses does 234 West 39th Street have?
City records list 234-242 West 39th Street on the same tax lot (BBL 1007880066) as 234 West 39th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 234 West 39th Street?
234 West 39th 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 234 West 39th Street, New York, NY 10018, in the Garment District.
What is the zoning at 234 West 39th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.65 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 234 West 39th Street?
The closest subway station to 234 West 39th 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 700 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the A, C and E trains), 5 min walk; 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 234 West 39th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 234 WEST 39TH STREET, INC. as the owner of record of 234 West 39th Street (BBL 1007880066). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 234 West 39th Street last sold?
234 West 39th Street last sold in May 2019 for $56.5 million, according to the deed recorded with the city. 234 W 39TH STREET BORROWER LLC sold it to 234 WEST 39TH STREET, INC.. That comes to about $691 per square foot of floor area. The deed is ACRIS document 2019060401303002 (BBL 1007880066) 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 234 West 39th Street?
234 West 39th Street reported an ENERGY STAR score of 97 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 97 earns an A. 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 35.8 kBtu per square foot, less than half the national median of 106.7 for a similar property. Its greenhouse gas emissions were about 261 metric tons of CO2e (3.19 kg per square foot).
Is there construction at 234 West 39th Street?
The Department of Buildings issued no permits for new jobs at 234 West 39th Street in the 12 months to September 2026; the last one was first permitted in June 2025. In the last two years, interior work was permitted on 2 floors (floors 3 and 4 and the lobby). The newest build-out, on floors 3 and 4, was first permitted in May 2025 (construction, mechanical, plumbing, sprinklers; filed cost estimate $820,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007880066. 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 234 West 39th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.05 million for 234 West 39th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $764,361 a year, roughly $9.35 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007880066 show the actual bill.
What is the assessed value of 234 West 39th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 234 West 39th Street at $15.7 million ($2.24 million of it land) and its assessed value at $7.05 million, the 45% of market value the city assesses for Class 4 property. The city's market value held steady from 2022/23 to 2026/27.
Is there office space for lease at 234 West 39th Street?
No space at 234 West 39th 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