Commercial condominium · Midtown, Manhattan

Engineers' Club Building

24 West 40th Street, New York, NY 10018

The Engineers' Club Building (24 West 40th Street) is a 17-floor commercial condominium in Midtown, Manhattan, built in 1907, with about 52,000 square feet of office space according to city records.

Also at 24-26 West 40th Street.

Office space
52K SF
Floors
17
Year built
1907
Zoning
C5-3

The 308th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How the Engineers' Club Building compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, the Engineers' Club Building is the smallest by office floor area. It went up in 1907; the median neighbor dates from 1919. Its estimated property tax, about $17.62 a square foot of floor area before abatements, is above the neighbors' median of $13.36.

The Engineers' Club Building and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
Engineers' Club Building, 24 West 40th StreetThis building52K SF171907$17.62n/a
15 West 39th Street1 min walk74K SF161925$8.25n/a
1 West 39th Street1 min walk123K SF121923$14.22Apr 2010, $330M (2 lots)
Engineering Societies' Building, 25 West 39th Street1 min walk198K SF161906$13.55Dec 2005, $53M
8 West 40th Street1 min walk111K SF231916$11.04n/a
32 West 39th Street1 min walk54K SF141925$13.17n/a
Knox Building, 452 Fifth Avenue1 min walk592K SF291902$27.19Apr 2010, $330M (2 lots)
The 308th largest of the 315 office buildings we track in Midtown: 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); 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

Building name
Engineers' Club Building
Other address
24-26 West 40th Street
ZIP code
10018
Building type
Commercial condominium (city class RC)
Total floor area
62,883 SF
Commercial floor area
62,883 SF
Office
52,115 SF
Retail
10,768 SF
Height
17 floors
Average floor
About 3,700 SF (floor area divided by floors)
Year built (tax records)
1925
Last major alteration
2001
Lot area
5,184 SF
Zoning district
C5-3
Built FAR
12.13
Max commercial FAR
15
Tax lot (BBL)
1008417502

Nearest subway

  • 5 Av2 min walk · Not accessible · connects to 42 St-Bryant Pk
  • Grand Central-42 St4 min walk · Accessible station
  • Times Sq-42 St5 min walk · Accessible station · connects to 42 St-Port Authority Bus Terminal

Nearby large buildings

All 20 large office buildings on West 40th Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered 2 storefronts at the Engineers' Club Building for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.

Storefronts registered for December 31, 2024
2
Vacant that day
0
Share vacant across Midtown
14.0%
Share vacant along West 40th Street
0.0%
Share vacant citywide
8.7%
Condominium tax lots that filed
1

Vacant on December 31, by year

  • 20190 of 2
  • 20200 of 2
  • 20210 of 2
  • 20220 of 2
  • 20230 of 2
  • 20240 of 2

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

Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-02. 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, summed over the condominium's unit lot that filed, 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 Engineers' Club Building is a condominium of 16 tax lots with 6 owners of record, none holding half of its market value. For tax year 2026/27 the city values the Engineers' Club Building at $24.5 million and assesses it at $11 million. After phase-ins and exemptions its taxable value is $10.2 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 $1.11 million a year before abatements, roughly $17.62 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.

Tax class
Class 4 (commercial and industrial)
City market value
$24,538,000
Land market value
$939,000
Assessed value
$11,042,099
Taxable value (phased in)
$10,799,784
Exemptions
$585,559
Estimated yearly tax
About $1.11 million
Tax per SF of floor area
About $17.62
Condominium tax lots
16
Owners of record
6

City market value by tax year

  • 2022/23$22.3 million
  • 2023/24$24.1 million
  • 2024/25$24.8 million
  • 2025/26$25.4 million
  • 2026/27$24.5 million

Market value rose 10% from 2022/23 ($22.3 million) to 2026/27.

How Midtown compares: property tax per SF across NYC neighborhoods

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 16 condominium tax lots; 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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

The Engineers' Club Building reported an ENERGY STAR score of 89 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 68.7 kBtu per square foot, less than half the national median of 138.6 for a similar property. Its greenhouse gas emissions were about 537 metric tons of CO2e (6.05 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

ENERGY STAR score (2024)
89 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
68.7 kBtu/SF
National median for the type
138.6 kBtu/SF
Greenhouse gas emissions
537 t CO2e
Emissions per SF
6.05 kg CO2e
Floor area in the filing
88,694 SF
ENERGY STAR certified
2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025
Tax lots in the filing
2

ENERGY STAR score by year

  • 202283 (B)
  • 202387 (A)
  • 202489 (A)

Energy sources in 2024

  • Fuel oil65%
  • Electricity34%
  • Natural gas1%

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, one filing for 2 tax lots), 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 the Engineers' Club Building in the 12 months to September 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on the cellar and the ground floor. The newest build-out, on the cellar and the ground floor, was first permitted in May 2025 (construction, structural; filed cost estimate $96,000).

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
Cellar, ground floor
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Cellar, ground floorMay 2025Construction, Structural; est. $96,000

New jobs by year

  • 20210
  • 20228
  • 20232
  • 20242
  • 20252
  • 2026 to date0

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.

Landmarks Preservation Commission records

Architecture and history

The Engineers' Club Building was designed by Whitfield & King and built in 1905-1907 in the Renaissance Revival style. The Landmarks Preservation Commission designated it a New York City landmark on March 22, 2011.

Architect
Whitfield & King
Constructed
1905-1907
Style
Renaissance Revival
Primary material
White marble
Built as
Club building
City landmark
Engineers' Club Building: individual landmark, designated March 22, 2011 (LP-02429)

Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.

Office space nearby in Midtown

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 24 West 40th Street and we match it against every new one automatically.

Before you sign

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

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Questions about Engineers' Club Building

How big is the Engineers' Club Building?

The Engineers' Club Building has about 63,000 square feet of floor area in total, including 52,000 square feet of office and 11,000 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 the Engineers' Club Building built?

The Landmarks Preservation Commission's building records date the Engineers' Club Building to 1905-1907, designed by Whitfield & King. City tax records list 1925 as the year built. The building is 17 floors tall.

Who designed the Engineers' Club Building?

Whitfield & King, according to the Landmarks Preservation Commission's building records, which list the style as Renaissance Revival and its original use as a club building.

Is the Engineers' Club Building a New York City landmark?

Yes. The Landmarks Preservation Commission designated the Engineers' Club Building an individual landmark on March 22, 2011 (LP-02429). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.

What is the address of the Engineers' Club Building?

The Engineers' Club Building is at 24 West 40th Street in Midtown, Manhattan. City records list 24-26 West 40th Street on the same tax lot (BBL 1008417502). A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 24 West 40th Street?

24 West 40th 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 Engineers' Club Building is at 24 West 40th Street, New York, NY 10018, in Midtown.

What is the zoning at the Engineers' Club Building?

The lot is in the C5-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.13 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to the Engineers' Club Building?

The closest subway station to the Engineers' Club Building is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 600 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Grand Central-42 St (the 4, 5, 6, 7 and S trains), 4 min walk; 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), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns the Engineers' Club Building?

The Engineers' Club Building is a condominium of 16 tax lots with 6 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1008417502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

What is the energy grade of the Engineers' Club Building?

The Engineers' Club Building reported an ENERGY STAR score of 89 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 89 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 68.7 kBtu per square foot, less than half the national median of 138.6 for a similar property. Its greenhouse gas emissions were about 537 metric tons of CO2e (6.05 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

Is there construction at the Engineers' Club Building?

The Department of Buildings issued no permits for new jobs at the Engineers' Club Building in the 12 months to September 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on the cellar and the ground floor. The newest build-out, on the cellar and the ground floor, was first permitted in May 2025 (construction, structural; filed cost estimate $96,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008417502. 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 the Engineers' Club Building?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $10.2 million for the Engineers' Club Building (the sum of its 16 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.11 million a year, roughly $17.62 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008417502 show the actual bill.

What is the assessed value of the Engineers' Club Building?

For tax year 2026/27, the NYC Department of Finance puts the market value of the Engineers' Club Building at $24.5 million ($939,000 of it land) and its assessed value at $11 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($22.3 million) to 2026/27.

Are there vacant storefronts at the Engineers' Club Building?

Owners registered 2 storefronts at the Engineers' Club Building for December 31, 2024, 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 the Engineers' Club Building?

No space at 24 West 40th 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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