Office building with commercial space · Chelsea, Manhattan

245 West 17th Street

New York, NY 10011

245 West 17th Street is a 12-floor office building with commercial space in Chelsea, Manhattan, built in 1909, with about 111,000 square feet of office space according to city records.

Also at 243-247 West 17th Street and 232-234 West 18th Street.

Office space
111K SF
Floors
12
Year built
1909
Zoning
C6-2A

Office space next to its nearest neighbors

  1. 80 Eighth Avenue3 min walk180K SF
  2. 245 West 17th StreetThis building111K SF
  3. 220 West 19th Street1 min walk98K SF
  4. 249 West 17th Street1 min walk65K SF

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

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Compared with its neighbors

How 245 West 17th Street compares

Next to the 6 nearest large office buildings, all within a 4 minute walk, 245 West 17th Street ranks 3rd of 7 by office floor area. It went up in 1909; the median neighbor dates from 1914. Its estimated property tax, about $31.05 a square foot of floor area before abatements, is above the neighbors' median of $11.64.

245 West 17th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
245 West 17th StreetThis building111K SF121909$31.05Oct 2017, $339M (2 lots)
249 West 17th Street1 min walk65K SF61902$28.17Oct 2017, $339M (2 lots)
220 West 19th Street1 min walk98K SF121910$12.50Aug 2006, $51.7M
80 Eighth Avenue3 min walk180K SF201930$9.75n/a
151 West 19th Street3 min walk45K SF121912$9.92n/a
111 Eighth Avenue4 min walk2.2M SF171931$26.63Dec 2010, $1.8B
214 West 14th Street4 min walk35K SF81916$10.79n/a
The 6th 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); 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 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
243-247 West 17th Street; 232-234 West 18th Street
ZIP code
10011
Building type
Office building with commercial space (city class O6)
Total floor area
118,945 SF
Commercial floor area
118,945 SF
Office
111,445 SF
Retail
7,500 SF
Height
12 floors
Average floor
About 9,900 SF (floor area divided by floors)
Year built
1909
Last major alteration
2013
Lot area
9,200 SF
Zoning district
C6-2A
Built FAR
12.93
Max commercial FAR
6
Tax lot (BBL)
1007670015

Nearest subway

  • 18 St2 min walk · Not accessible
  • 14 St2 min walk · Accessible station · connects to 8 Av
  • 14 St5 min walk · Accessible station · connects to 6 Av

Nearby large buildings

All 12 large office buildings on West 17th Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 245 - 249 WEST 17 STREET as the owner of record. For tax year 2026/27 the city values 245 West 17th Street at $81.5 million and assesses it at $36.7 million. After phase-ins and exemptions its taxable value is $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 $3.69 million a year before abatements, roughly $31.05 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
245 - 249 WEST 17 STREET
Tax class
Class 4 (commercial and industrial)
City market value
$81,511,000
Land market value
$3,240,000
Assessed value
$36,679,950
Taxable value (phased in)
$34,044,660
Estimated yearly tax
About $3.69 million
Tax per SF of floor area
About $31.05

City market value by tax year

  • 2022/23$58.8 million
  • 2023/24$69.6 million
  • 2024/25$83 million
  • 2025/26$85.5 million
  • 2026/27$81.5 million

Market value rose 39% from 2022/23 ($58.8 million) to 2026/27.

How Chelsea compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

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 2026-10-16; 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 property records (ACRIS)

Sales history

245 West 17th Street last sold in October 2017 in a $339.4 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. ARC NY24549W17, LLC sold it to COLUMBIA REIT-245-249 W. 17TH LLC.

Last sale (deed date)
October 11, 2017
Combined price
$339,400,000 for 2 tax lots
Seller
ARC NY24549W17, LLC
Buyer
COLUMBIA REIT-245-249 W. 17TH LLC
Deed recorded
October 18, 2017
ACRIS document
2017101800340003

Recorded sales

All 8 building sales in Chelsea since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out; a price for several tax lots is the combined price, not this building's alone.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

245 West 17th 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 58.7 kBtu per square foot, 44% below the national median of 105 for a similar property. Its greenhouse gas emissions were about 640 metric tons of CO2e (5.38 kg per square foot).

ENERGY STAR score (2024)
85 of 100
Grade this score earns (Local Law 33)
A (85 or higher)
Property type (Portfolio Manager)
Office
Site energy use intensity
58.7 kBtu/SF
National median for the type
105 kBtu/SF
Greenhouse gas emissions
640 t CO2e
Emissions per SF
5.38 kg CO2e
Floor area in the filing
118,945 SF
ENERGY STAR certified
2016, 2018, 2019, 2020, 2021, 2022, 2023, 2024

ENERGY STAR score by year

  • 202274 (B)
  • 202381 (B)
  • 202485 (A)

Energy sources in 2024

  • Electricity62%
  • Natural gas38%

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), pulled 2026-10-16; 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

Local Law 97 emissions limit

At its 2024 energy use, 245 West 17th Street comes to about 508 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 902 tons for 2024 to 2029 (56% of the limit), so it would owe no penalty. From 2030 the limit drops to 316 tons and the same energy use counts as about 324 tons, about 8 tons over, or an estimated $2,200 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
902 t CO2e
Estimated emissions
508 t CO2e
Under the limit by
394 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
316 t CO2e
Estimated emissions
324 t CO2e
Over the limit by
8 t CO2e
Estimated penalty a year
$2,200

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 112,478 SF; Retail Store 6,467 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.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

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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 245 West 17th Street.

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
October 2026
Interior build-outs, last 24 months
0

New jobs by year

  • 20211
  • 20220
  • 20230
  • 202410
  • 20250
  • 2026 to date1

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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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Before you sign

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Questions about 245 West 17th Street

How big is 245 West 17th Street?

245 West 17th Street has about 119,000 square feet of floor area in total, including 111,000 square feet of office and 8,000 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 245 West 17th Street built?

City records list 1909 as the year built, with a major alteration recorded in 2013. The building is 12 floors tall.

What other addresses does 245 West 17th Street have?

City records list 243-247 West 17th Street and 232-234 West 18th Street on the same tax lot (BBL 1007670015) as 245 West 17th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 245 West 17th Street?

245 West 17th 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 245 West 17th Street, New York, NY 10011, in Chelsea.

What is the zoning at 245 West 17th Street?

The lot is in the C6-2A zoning district. PLUTO lists a built floor area ratio (FAR) of 12.93 and a maximum commercial FAR of 6 for this lot.

What subway station is closest to 245 West 17th Street?

The closest subway station to 245 West 17th Street is 18 St (the 1 train), about 500 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 14 St (the A, C, E and L trains, connected to 8 Av), 2 min walk; 14 St (the 1, 2, 3, F, M and L trains, connected to 6 Av), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 245 West 17th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 245 - 249 WEST 17 STREET as the owner of record of 245 West 17th Street (BBL 1007670015). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

When was 245 West 17th Street last sold?

245 West 17th Street last sold in October 2017 in a $339.4 million sale that covered 2 tax lots, this one among them, according to the deed recorded with the city. ARC NY24549W17, LLC sold it to COLUMBIA REIT-245-249 W. 17TH LLC. The deed is ACRIS document 2017101800340003 (BBL 1007670015) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

What is the energy grade of 245 West 17th Street?

245 West 17th 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 58.7 kBtu per square foot, 44% below the national median of 105 for a similar property. Its greenhouse gas emissions were about 640 metric tons of CO2e (5.38 kg per square foot).

Does 245 West 17th Street meet Local Law 97?

At its 2024 energy use, 245 West 17th Street comes to about 508 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 902 tons for 2024 to 2029 (56% of the limit), so it would owe no penalty. From 2030 the limit drops to 316 tons and the same energy use counts as about 324 tons, about 8 tons over, or an estimated $2,200 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 245 West 17th Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 245 West 17th Street. These are the Department of Buildings' DOB NOW work permits for tax lot 1007670015. 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 245 West 17th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $34 million for 245 West 17th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.69 million a year, roughly $31.05 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007670015 show the actual bill.

What is the assessed value of 245 West 17th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 245 West 17th Street at $81.5 million ($3.24 million of it land) and its assessed value at $36.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 39% from 2022/23 ($58.8 million) to 2026/27.

Is there office space for lease at 245 West 17th Street?

No space at 245 West 17th Street is listed on Leasemark right now. 1 tenant is looking for office space in Chelsea. 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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