Retail building · Times Square, Manhattan

234 West 42nd Street

New York, NY 10036

234 West 42nd Street is a 15-floor retail building in Times Square, Manhattan, built in 1999, with about 275,000 square feet of retail space according to city records.

Also at 231-239 West 41st Street and 226 West 42nd Street.

Retail space
275K SF
Floors
15
Year built
1999
Zoning
C6-7

Retail space next to its nearest neighbors

  1. 234 West 42nd StreetThis building275K SF
  2. 1475 Broadway2 min walk141K SF
  3. 1514 Broadway4 min walk114K SF
  4. 660 Eighth Avenue1 min walk60K SF

The largest of the 4 retail buildings we track in Times Square. Compare it with 6 neighbors

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Compared with its neighbors

How 234 West 42nd Street compares

Next to the 6 nearest large retail buildings, all within a 8 minute walk, 234 West 42nd Street ranks 2nd of 7 by retail floor area. It went up in 1999; the median neighbor dates from 1953. Its property tax is fully exempt on the city's assessment roll.

234 West 42nd Street and the 6 nearest large retail buildings: size, floors, year built, estimated property tax per square foot
BuildingRetail spaceFloorsBuiltTax / SF
234 West 42nd StreetThis building275K SF151999Exempt
660 Eighth Avenue1 min walk60K SF61998$39.48
1475 Broadway2 min walk141K SF221908$73.54
1514 Broadway4 min walk114K SF41938$121.57
223 West 34th Street7 min walk61K SF42010$55.74
441 Seventh Avenue8 min walk2.2M SF191930$7.34
420 Seventh Avenue8 min walk42K SF11969$67.17
The largest of the 4 retail buildings we track in Times Square: see the full list

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 addresses
231-239 West 41st Street; 226 West 42nd Street
ZIP code
10036
Building type
Retail building (city class K4)
Total floor area
275,345 SF
Commercial floor area
275,345 SF
Retail
275,345 SF
Height
15 floors
Average floor
About 18,400 SF (floor area divided by floors)
Year built
1999
Lot area
54,060 SF
Zoning district
C6-7
Built FAR
5.09
Max commercial FAR
15
Tax lot (BBL)
1010130012

Nearest subway

  • Times Sq-42 St2 min walk · Accessible station · connects to 42 St-Port Authority Bus Terminal
  • 42 St-Bryant Pk5 min walk · Not accessible · connects to 5 Av
  • 49 St7 min walk · Partly accessible

Nearby large buildings

All 16 large office buildings on West 42nd Street

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 13 storefronts at 234 West 42nd Street for December 31, 2025, the newest annual filing the city has published, and 6 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.

Storefronts registered for December 31, 2025
13
Vacant that day
6
Share vacant here
46.2%
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

  • 20191 of 10
  • 20203 of 10
  • 20214 of 10
  • 20222 of 13
  • 20234 of 12
  • 20246 of 13
  • 20256 of 13

Bars show the share of the lot's registered storefronts that stood vacant.

Own or lease out a storefront at 234 West 42nd Street? Listing it is free, and it is matched against every active requirement for retail space in Times Square the day it goes up.

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 NYC EDC as the owner of record. For tax year 2026/27 the city values 234 West 42nd Street at $141 million and assesses it at $63.5 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.

Owner of record
NYC EDC
Tax class
Class 4 (commercial and industrial)
City market value
$141,024,000
Land market value
$24,100,000
Assessed value
$63,460,800
Exemptions
$63,460,800
Estimated yearly tax
Fully exempt on the roll

City market value by tax year

  • 2022/23$106.5 million
  • 2023/24$111.8 million
  • 2024/25$132.3 million
  • 2025/26$134.9 million
  • 2026/27$141 million

Market value rose 32% from 2022/23 ($106.5 million) to 2026/27.

How Times Square compares: property tax per SF across NYC neighborhoodsHow NYC commercial property tax works, and why some towers show $0

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How to find who owns any NYC building

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 2026-10-16. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.

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NYC energy benchmarking (Local Law 84)

Energy use and emissions

234 West 42nd Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 94.4 kBtu per square foot, 2.4 times the national median of 40 for a similar property. Its greenhouse gas emissions were about 1,526 metric tons of CO2e (10.86 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Movie Theater
Site energy use intensity
94.4 kBtu/SF
National median for the type
40 kBtu/SF
Greenhouse gas emissions
1,526 t CO2e
Emissions per SF
10.86 kg CO2e
Floor area in the filing
140,510 SF

Energy sources in 2024

  • Electricity100%

Share of the energy used on site, as filed.

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

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 jobs at 234 West 42nd Street. In the last two years, interior work was permitted on 6 floors (floors 1 to 4, 8 and 9 and the cellar). The newest build-out, on floor 8, was first permitted in October 2026 (construction; filed cost estimate $5,000).

New jobs, last 12 months
9
Initial permits, last 12 months
9
Newest job first permitted
October 2026
Interior build-outs, last 24 months
6
Floors with interior work, last 24 months
1 to 4, 8 and 9, cellar
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floor 8October 2026Construction; est. $5,000
  • Floors 1 and 2, cellarJune 2026Sprinklers; est. $39,000
  • Floors 1 to 3, cellarJune 2026Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $1.8 million
  • Floors 3 and 4September 2025Mechanical; est. $200,000; signed off
  • Floors 1 and 2August 2025Construction; est. $150,000
  • Floor 9May 2025Construction; est. $24,000; signed off

New jobs by year

  • 20214
  • 202214
  • 20234
  • 202411
  • 20253
  • 2026 to date9

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 retail space listed in Times Square yet

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Questions about 234 West 42nd Street

How big is 234 West 42nd Street?

234 West 42nd Street has about 275,000 square feet of floor area in total, including 275,000 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 42nd Street built?

City records list 1999 as the year built. The building is 15 floors tall.

What other addresses does 234 West 42nd Street have?

City records list 231-239 West 41st Street and 226 West 42nd Street on the same tax lot (BBL 1010130012) as 234 West 42nd Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 234 West 42nd Street?

234 West 42nd 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 234 West 42nd Street, New York, NY 10036, in Times Square.

What is the zoning at 234 West 42nd Street?

The lot is in the C6-7 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.09 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 234 West 42nd Street?

The closest subway station to 234 West 42nd 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 450 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; 49 St (the N, R and W trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 234 West 42nd Street?

The NYC Department of Finance's 2026/27 assessment roll lists NYC EDC as the owner of record of 234 West 42nd Street (BBL 1010130012). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 234 West 42nd Street have an energy grade?

234 West 42nd Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 94.4 kBtu per square foot, 2.4 times the national median of 40 for a similar property. Its greenhouse gas emissions were about 1,526 metric tons of CO2e (10.86 kg per square foot).

Is there construction at 234 West 42nd Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 9 jobs at 234 West 42nd Street. In the last two years, interior work was permitted on 6 floors (floors 1 to 4, 8 and 9 and the cellar). The newest build-out, on floor 8, was first permitted in October 2026 (construction; filed cost estimate $5,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010130012. 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 42nd Street?

The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of 234 West 42nd Street, so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1010130012 show what is actually billed.

What is the assessed value of 234 West 42nd Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 234 West 42nd Street at $141 million ($24.1 million of it land) and its assessed value at $63.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 32% from 2022/23 ($106.5 million) to 2026/27.

Are there vacant storefronts at 234 West 42nd Street?

Owners registered 13 storefronts at 234 West 42nd Street for December 31, 2025, the newest annual filing the city has published, and 6 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.

Is there retail space for lease at 234 West 42nd Street?

No space at 234 West 42nd 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

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