Office building with commercial space · Times Square, Manhattan
234 West 44th Street
New York, NY 10036
234 West 44th Street is an 11-floor office building with commercial space in Times Square, Manhattan, built in 1927, with about 45,000 square feet of office space according to city records.
Also at 234-236 West 44th Street.
- Office space
- 45K SF
- Floors
- 11
- Year built
- 1927
- Zoning
- C6-5
The 16th largest of the 19 office buildings we track in Times Square. Compare it with 6 neighbors
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Compared with its neighbors
How 234 West 44th Street compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 234 West 44th Street ranks 5th of 7 by office floor area. It went up in 1927; the median neighbor dates from 1928. Its estimated property tax, about $10.17 a square foot of floor area before abatements, is below the neighbors' median of $21.97.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 234 West 44th Street | 45K SF | 11 | 1927 | $10.17 |
| New York Times Building, 229 West 43rd Street | 346K SF | 16 | 1932 | $22.50 |
| Paramount Building, 1493 Broadway | 599K SF | 32 | 1927 | $13.25 |
| One Astor Plaza, 1515 Broadway | 1.4M SF | 54 | 1970 | $21.43 |
| 300 West 43rd Street | 45K SF | 6 | 1928 | $19.42 |
| 221 West 41st Street | 195K SF | 25 | 1921 | $23.30 |
| 303 West 42nd Street | 44K SF | 12 | 1928 | $22.54 |
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
- 234-236 West 44th Street
- ZIP code
- 10036
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 55,486 SF
- Commercial floor area
- 55,486 SF
- Office
- 45,486 SF
- Retail
- 10,000 SF
- Height
- 11 floors
- Average floor
- About 5,000 SF (floor area divided by floors)
- Year built
- 1927
- Lot area
- 5,698 SF
- Zoning district
- C6-5
- Built FAR
- 9.74
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1010150049
Nearest subway
- 42 St-Port Authority Bus Terminal
- 49 St
- 42 St-Bryant Pk
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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 THE SHUBERT ORGANIZATION INC as the owner of record. For tax year 2026/27 the city values 234 West 44th Street at $13 million and assesses it at $5.84 million. After phase-ins and exemptions its taxable value is $5.2 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 $564,215 a year before abatements, roughly $10.17 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
- THE SHUBERT ORGANIZATION INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $12,974,000
- Land market value
- $2,600,000
- Assessed value
- $5,838,300
- Taxable value (phased in)
- $5,201,100
- Estimated yearly tax
- About $564,215
- Tax per SF of floor area
- About $10.17
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 2026-10-08; 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 234 West 44th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
234 West 44th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), 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 136.3 kBtu per square foot, 2.1 times the national median of 63.6 for a similar property. Its greenhouse gas emissions were about 697 metric tons of CO2e (11.45 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 136.3 kBtu/SF
- National median for the type
- 63.6 kBtu/SF
- Greenhouse gas emissions
- 697 t CO2e
- Emissions per SF
- 11.45 kg CO2e
- Floor area in the filing
- 60,992 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 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 234 West 44th Street comes to about 520 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 558 tons for 2024 to 2029 (93% of the limit), so it would owe no penalty. From 2030 the limit drops to 194 tons and the same energy use counts as about 370 tons, about 176 tons over, or an estimated $47,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 558 t CO2e
- Estimated emissions
- 520 t CO2e
- Under the limit by
- 38 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 194 t CO2e
- Estimated emissions
- 370 t CO2e
- Over the limit by
- 176 t CO2e
- Estimated penalty a year
- $47,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Restaurant 22,629 SF; Office 38,293 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 234 West 44th Street? List a space here free and we match it against every active requirement.
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 1 job at 234 West 44th Street. In the last two years, interior work was permitted on 5 floors (floors 1 to 4 and 11 and the cellar). The newest build-out, on floors 1 to 4, the cellar and the roof, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $800,000).
- New jobs, last 12 months
- 1
- Initial permits, last 12 months
- 7
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1 to 4 and 11, cellar
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 2026-10-08 (permits issued through 2026-10-06). 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.
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Questions about 234 West 44th Street
How big is 234 West 44th Street?
234 West 44th Street has about 55,000 square feet of floor area in total, including 45,000 square feet of office and 10,000 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 44th Street built?
City records list 1927 as the year built. The building is 11 floors tall.
What other addresses does 234 West 44th Street have?
City records list 234-236 West 44th Street on the same tax lot (BBL 1010150049) as 234 West 44th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 234 West 44th Street?
234 West 44th 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 44th Street, New York, NY 10036, in Times Square.
What is the zoning at 234 West 44th Street?
The lot is in the C6-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.74 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 234 West 44th Street?
The closest subway station to 234 West 44th Street is 42 St-Port Authority Bus Terminal (the A, C, E, 1, 2, 3, 7, N, Q, R, W and S trains, connected to Times Sq-42 St), about 600 feet away in a straight line, roughly 2 minutes on foot. The MTA lists it as an accessible station. Also nearby: 49 St (the N, R and W 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 44th Street?
The NYC Department of Finance's 2026/27 assessment roll lists THE SHUBERT ORGANIZATION INC as the owner of record of 234 West 44th Street (BBL 1010150049). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 234 West 44th Street have an energy grade?
234 West 44th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), 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 136.3 kBtu per square foot, 2.1 times the national median of 63.6 for a similar property. Its greenhouse gas emissions were about 697 metric tons of CO2e (11.45 kg per square foot).
Does 234 West 44th Street meet Local Law 97?
At its 2024 energy use, 234 West 44th Street comes to about 520 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 558 tons for 2024 to 2029 (93% of the limit), so it would owe no penalty. From 2030 the limit drops to 194 tons and the same energy use counts as about 370 tons, about 176 tons over, or an estimated $47,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
Is there construction at 234 West 44th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 234 West 44th Street. In the last two years, interior work was permitted on 5 floors (floors 1 to 4 and 11 and the cellar). The newest build-out, on floors 1 to 4, the cellar and the roof, was first permitted in June 2026 (construction, mechanical, plumbing, sprinklers, structural; filed cost estimate $800,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010150049. 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 44th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.2 million for 234 West 44th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $564,215 a year, roughly $10.17 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010150049 show the actual bill.
What is the assessed value of 234 West 44th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 234 West 44th Street at $13 million ($2.6 million of it land) and its assessed value at $5.84 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 26% from 2022/23 ($10.3 million) to 2026/27.
Is there office space for lease at 234 West 44th Street?
No space at 234 West 44th 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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Times Square
Transit hubs in Times Square
- 1 2 3 7 N Q R W S at Times Sq-42 St
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