Office building with commercial space · Garment District, Manhattan
241 West 37th Street
New York, NY 10018
241 West 37th Street is a 12-floor office building with commercial space in the Garment District, Manhattan, built in 1913, with about 68,000 square feet of office space according to city records.
Also at 241-245 West 37th Street.
- Office space
- 68K SF
- Floors
- 12
- Year built
- 1913
- Zoning
- M1-9A
The 119th largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 241 West 37th Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
Compared with its neighbors
How 241 West 37th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 241 West 37th Street ranks 5th of 7 by office floor area. Built in 1913, it is the oldest of them. Its estimated property tax, about $10.31 a square foot of floor area before abatements, is above the neighbors' median of $7.26.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 241 West 37th Street | 68K SF | 12 | 1913 | $10.31 | n/a |
| 237 West 37th Street | 60K SF | 14 | 1922 | $6.35 | n/a |
| 252 West 38th Street | 62K SF | 14 | 1924 | $7.18 | Jun 2004, $11.2M |
| 247 West 37th Street | 199K SF | 18 | 1924 | $7.35 | n/a |
| 256 West 38th Street | 89K SF | 14 | 1924 | $10.33 | May 2025, $21.5M |
| 246 West 38th Street | 90K SF | 14 | 1922 | $8.21 | n/a |
| 225 West 37th Street | 143K SF | 16 | 1923 | $5.91 | n/a |
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
- 241-245 West 37th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 87,802 SF
- Commercial floor area
- 87,802 SF
- Office
- 68,102 SF
- Retail
- 6,700 SF
- Height
- 12 floors
- Average floor
- About 7,300 SF (floor area divided by floors)
- Year built
- 1913
- Last major alteration
- 1985
- Lot area
- 7,406 SF
- Zoning district
- M1-9A
- Built FAR
- 11.86
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007870020
Nearest subway
- 34 St-Penn Station
- Times Sq-42 St
- 34 St-Penn Station
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 3 storefronts at 241 West 37th Street for December 31, 2024, the newest annual filing the city has published, and 2 of them stood vacant that day.
- Storefronts registered for December 31, 2024
- 3
- Vacant that day
- 2
- Share vacant across the Garment District
- 14.0%
- Share vacant along West 37th Street
- 9.5%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 241 West 37th Street? Listing it is free, and it is matched against every active requirement for retail space in the Garment District the day it goes up.
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, 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 CF 241 W 37 as the owner of record. For tax year 2026/27 the city values 241 West 37th Street at $18.5 million and assesses it at $8.34 million. After phase-ins and exemptions its taxable value is $8.34 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 $905,000 a year before abatements, roughly $10.31 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
- CF 241 W 37
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $18,539,000
- Land market value
- $1,950,000
- Assessed value
- $8,342,550
- Estimated yearly tax
- About $905,000
- Tax per SF of floor area
- About $10.31
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 Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 241 West 37th Street in the 12 months to September 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in September 2025 (construction, mechanical, plumbing; filed cost estimate $122,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- September 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1
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 241 West 37th Street
How big is 241 West 37th Street?
241 West 37th Street has about 88,000 square feet of floor area in total, including 68,000 square feet of office and 7,000 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 241 West 37th Street built?
City records list 1913 as the year built, with a major alteration recorded in 1985. The building is 12 floors tall.
What other addresses does 241 West 37th Street have?
City records list 241-245 West 37th Street on the same tax lot (BBL 1007870020) as 241 West 37th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 241 West 37th Street?
241 West 37th 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 241 West 37th Street, New York, NY 10018, in the Garment District.
What is the zoning at 241 West 37th Street?
The lot is in the M1-9A zoning district. PLUTO lists a built floor area ratio (FAR) of 11.86 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 241 West 37th Street?
The closest subway station to 241 West 37th Street is 34 St-Penn Station (the A, C and E trains), about 900 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 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), 4 min walk; 34 St-Penn Station (the 1, 2 and 3 trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 241 West 37th Street?
The NYC Department of Finance's 2026/27 assessment roll lists CF 241 W 37 as the owner of record of 241 West 37th Street (BBL 1007870020). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 241 West 37th Street?
The Department of Buildings issued no permits for new jobs at 241 West 37th Street in the 12 months to September 2026; the last one was first permitted in September 2025. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in September 2025 (construction, mechanical, plumbing; filed cost estimate $122,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007870020. 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 241 West 37th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $8.34 million for 241 West 37th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $905,000 a year, roughly $10.31 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007870020 show the actual bill.
What is the assessed value of 241 West 37th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 241 West 37th Street at $18.5 million ($1.95 million of it land) and its assessed value at $8.34 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2022/23 ($17.8 million) to 2026/27.
Are there vacant storefronts at 241 West 37th Street?
Owners registered 3 storefronts at 241 West 37th Street for December 31, 2024, the newest annual filing the city has published, and 2 of them stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 241 West 37th Street?
No space at 241 West 37th 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