Office building with commercial space · Chelsea, Manhattan

235 West 23rd Street

New York, NY 10011

235 West 23rd Street is an 8-floor office building with commercial space in Chelsea, Manhattan, built in 1906, with about 44,000 square feet of office space according to city records.

Also at 235-239 West 23rd Street.

Office space: 44K SF
Floors: 8
Year built: 1906
Zoning: C2-7A

Office space next to its nearest neighbors

226 West 26th Street2 min walk76K SF
235 West 23rd StreetThis building44K SF
164 West 25th Street3 min walk41K SF

The 19th largest of the 19 office buildings we track in Chelsea. Compare it with 6 neighbors

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Compared with its neighbors

How 235 West 23rd Street compares

Next to the 6 nearest large office buildings, all within a 3 minute walk, 235 West 23rd Street ranks 6th of 7 by office floor area. Built in 1906, it is the oldest of them. Its estimated property tax, about $8.69 a square foot of floor area before abatements, is below the neighbors' median of $10.05.

235 West 23rd Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
Building	Office space	Floors	Built	Tax / SF
235 West 23rd StreetThis building	44K SF	8	1906	$8.69
226 West 26th Street2 min walk	76K SF	10	1928	$10.70
164 West 25th Street3 min walk	41K SF	12	1918	$6.85
148 West 24th Street3 min walk	49K SF	12	1910	$9.41
155 West 23rd Street3 min walk	64K SF	12	1910	$17.04
152 West 25th Street3 min walk	58K SF	12	1911	$6.77
Lefcourt Clothing Center, 275 Seventh Avenue3 min walk	534K SF	27	1928	$14.47

The 19th largest of the 19 office buildings we track in Chelsea: 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 address: 235-239 West 23rd Street
ZIP code: 10011
Building type: Office building with commercial space (city class O6)
Total floor area: 49,183 SF
Commercial floor area: 49,183 SF
Office: 44,183 SF
Retail: 4,700 SF
Industrial and storage: 300 SF
Height: 8 floors
Average floor: About 6,100 SF (floor area divided by floors)
Year built: 1906
Last major alteration: 1958
Lot area: 5,925 SF
Zoning district: C2-7A
Built FAR: 8.3
Max commercial FAR: 2
Tax lot (BBL): 1007730024

Nearest subway

23 St2 min walk · Not accessible
23 St2 min walk · Not accessible
28 St5 min walk · Not accessible

Nearby large buildings

159 West 25th Street80K SF office · 12 floors · 3 min walk
150 West 25th Street61K SF office · 12 floors · 3 min walk
150 West 22nd Street69K SF office · 12 floors · 3 min walk
151 West 25th Street65K SF office · 12 floors · 3 min walk
322 Eighth Avenue166K SF office · 21 floors · 3 min walk
138 West 25th Street88K SF office · 12 floors · 3 min walk
147 West 25th Street38K SF office · 12 floors · 3 min walk
236 West 27th Street84K SF office · 15 floors · 3 min walk

All 11 large office buildings on West 23rd Street

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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered one storefront at 235 West 23rd Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2024: 1
Vacant that day: 0
Share vacant across Chelsea: 10.8%
Share vacant along West 23rd Street: 10.2%
Share vacant citywide: 8.7%

Vacant on December 31, by year

20190 of 1
20200 of 1
20210 of 1
20220 of 1
20230 of 1
20240 of 1

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

Need a storefront in Chelsea? Get matched Storefront 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 2026-10-08. 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 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

The Department of Finance lists ADVANCE REALITY CORP. as the owner of record. For tax year 2026/27 the city values 235 West 23rd Street at $8.76 million and assesses it at $3.94 million. After phase-ins and exemptions its taxable value is $3.94 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 $427,433 a year before abatements, roughly $8.69 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: ADVANCE REALITY CORP.
Tax class: Class 4 (commercial and industrial)
City market value: $8,756,000
Land market value: $1,540,000
Assessed value: $3,940,200
Estimated yearly tax: About $427,433
Tax per SF of floor area: About $8.69

City market value by tax year

2022/23$8.68 million
2023/24$8.96 million
2024/25$8.99 million
2025/26$9.68 million
2026/27$8.76 million

Market value rose 1% from 2022/23 ($8.68 million) to 2026/27.

How Chelsea compares: property tax per SF across NYC neighborhoods Estimate this tax bill, or a tenant's share of it

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.

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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 235 West 23rd Street.

New jobs, last 12 months: 1
Initial permits, last 12 months: 1
Newest job first permitted: June 2026
Interior build-outs, last 24 months: 0
Facade and sidewalk jobs, last 24 months: 1

New jobs by year

20210
20220
20231
20243
20250
2026 to date1

Build-outs across Chelsea Where 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.

What a requirement here looks like

No live requirements for office space in Chelsea yet. These labeled examples show what tenants post. List a space in 235 West 23rd Street and we match it against every new one automatically.

Want · Office / Flex / CreativeExample

Design studio seeking 4,000 SF loft

Posted by the tenant · Architecture

Where: Dumbo, Chelsea +1
Size: 3,000 to 5,500 SF
Budget: to $70/SF
Move in: Nov 2026

Exposed brickHigh ceilings

Owners: got a fit?I have a fit

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 235 West 23rd Street

How big is 235 West 23rd Street?

235 West 23rd Street has about 49,000 square feet of floor area in total, including 44,000 square feet of office, 5,000 square feet of retail and 0 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 235 West 23rd Street built?

City records list 1906 as the year built, with a major alteration recorded in 1958. The building is 8 floors tall.

What other addresses does 235 West 23rd Street have?

City records list 235-239 West 23rd Street on the same tax lot (BBL 1007730024) as 235 West 23rd Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 235 West 23rd Street?

235 West 23rd Street is in ZIP code 10011, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 235 West 23rd Street, New York, NY 10011, in Chelsea.

What is the zoning at 235 West 23rd Street?

The lot is in the C2-7A zoning district. PLUTO lists a built floor area ratio (FAR) of 8.3 and a maximum commercial FAR of 2 for this lot.

What subway station is closest to 235 West 23rd Street?

The closest subway station to 235 West 23rd Street is 23 St (the 1 train), about 400 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 23 St (the C and E trains), 2 min walk; 28 St (the 1 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 235 West 23rd Street?

The NYC Department of Finance's 2026/27 assessment roll lists ADVANCE REALITY CORP. as the owner of record of 235 West 23rd Street (BBL 1007730024). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Is there construction at 235 West 23rd Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 235 West 23rd Street. These are the Department of Buildings' DOB NOW work permits for tax lot 1007730024. 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 235 West 23rd Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.94 million for 235 West 23rd Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $427,433 a year, roughly $8.69 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007730024 show the actual bill.

What is the assessed value of 235 West 23rd Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 235 West 23rd Street at $8.76 million ($1.54 million of it land) and its assessed value at $3.94 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 1% from 2022/23 ($8.68 million) to 2026/27.

Are there vacant storefronts at 235 West 23rd Street?

Owners registered one storefront at 235 West 23rd Street for December 31, 2024, the newest annual filing the city has published, and it was not 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 235 West 23rd Street?

No space at 235 West 23rd 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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