Factory and industrial building · Garment District, Manhattan
New York, NY 10018
244 West 39th Street is a 14-floor factory and industrial building in the Garment District, Manhattan, built in 1927, with about 44,000 square feet of industrial and storage space according to city records.
Also at 244-246 West 39th Street.
The 7th largest of the 7 industrial and storage buildings we track in the Garment District. Compare it with 6 neighbors
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Compared with its neighbors
Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 244 West 39th Street is the smallest by industrial and storage floor area. It went up in 1927; the median neighbor dates from 1924. Its estimated property tax, about $6.04 a square foot of floor area before abatements, is below the neighbors' median of $8.04.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 244 West 39th Street | 44K SF | 14 | 1927 | $6.04 |
| 247 West 38th Street | 86K SF | 17 | 1924 | $6.07 |
| 257 West 38th Street | 74K SF | 16 | 1927 | $8.66 |
| 554 Eighth Avenue | 228K SF | 21 | 1924 | $12.24 |
| 306 West 38th Street | 69K SF | 16 | 1927 | $10.10 |
| 329 West 36th Street | 103K SF | 12 | 1924 | $4.68 |
| 254 West 35th Street | 107K SF | 16 | 1924 | $7.42 |
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
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
The Department of Finance lists 244 W. 39 ST REALTY, INC. as the owner of record. For tax year 2026/27 the city values 244 West 39th Street at $6.28 million and assesses it at $2.83 million. After phase-ins and exemptions its taxable value is $2.62 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 $284,617 a year before abatements, roughly $6.04 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.
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 244 West 39th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
244 West 39th Street reported an ENERGY STAR score of 85 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 39.2 kBtu per square foot, 44% below the national median of 70.3 for a similar property. Its greenhouse gas emissions were about 194 metric tons of CO2e (3.84 kg per square foot).
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. 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.
Local Law 97 of 2019, estimated
At its 2024 energy use, 244 West 39th Street comes to about 151 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 384 tons for 2024 to 2029 (39% of the limit), so it would owe no penalty. From 2030 the limit drops to 136 tons and the same energy use counts as about 90 tons, still under the limit.
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 50,643 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 244 West 39th Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
The Department of Buildings issued no permits for new jobs at 244 West 39th Street in the 12 months to October 2026; the last one was first permitted in May 2023.
Build-outs across the Garment DistrictWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (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.
No live requirements for industrial and storage space in the Garment District yet. These labeled examples show what tenants post. List a space in 244 West 39th Street and we match it against every new one automatically.
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244 West 39th Street has about 47,000 square feet of floor area in total, including 3,000 square feet of retail and 44,000 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.
City records list 1927 as the year built, with a major alteration recorded in 1989. The building is 14 floors tall.
City records list 244-246 West 39th Street on the same tax lot (BBL 1007880071) as 244 West 39th Street. A space listed on Leasemark at any of these addresses shows up on this page.
244 West 39th 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 244 West 39th Street, New York, NY 10018, in the Garment District.
The lot is in the M1-9A zoning district. PLUTO lists a built floor area ratio (FAR) of 12.96 and a maximum commercial FAR of 15 for this lot.
The closest subway station to 244 West 39th 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 750 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the A, C and E 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.
The NYC Department of Finance's 2026/27 assessment roll lists 244 W. 39 ST REALTY, INC. as the owner of record of 244 West 39th Street (BBL 1007880071). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
244 West 39th Street reported an ENERGY STAR score of 85 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 85 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 39.2 kBtu per square foot, 44% below the national median of 70.3 for a similar property. Its greenhouse gas emissions were about 194 metric tons of CO2e (3.84 kg per square foot).
At its 2024 energy use, 244 West 39th Street comes to about 151 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 384 tons for 2024 to 2029 (39% of the limit), so it would owe no penalty. From 2030 the limit drops to 136 tons and the same energy use counts as about 90 tons, still under the limit. 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.
The Department of Buildings issued no permits for new jobs at 244 West 39th Street in the 12 months to October 2026; the last one was first permitted in May 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 1007880071. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
The Department of Finance's 2026/27 assessment roll lists a taxable value of $2.62 million for 244 West 39th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $284,617 a year, roughly $6.04 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007880071 show the actual bill.
For tax year 2026/27, the NYC Department of Finance puts the market value of 244 West 39th Street at $6.28 million ($632,000 of it land) and its assessed value at $2.83 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 18% from 2022/23 ($5.35 million) to 2026/27.
No space at 244 West 39th 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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