Office building with commercial space · Garment District, Manhattan
247 West 37th Street
New York, NY 10018
247 West 37th Street is an 18-floor office building with commercial space in the Garment District, Manhattan, built in 1924, with about 199,000 square feet of office space according to city records.
Also at 247-263 West 37th Street.
- Office space
- 199K SF
- Floors
- 18
- Year built
- 1924
- Zoning
- M1-9A
The 39th largest of the 155 office buildings we track in the Garment District. Compare it with 6 neighbors
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Compared with its neighbors
How 247 West 37th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 247 West 37th Street ranks 2nd of 7 by office floor area. It went up in 1924; the median neighbor dates from 1924. Its estimated property tax, about $7.35 a square foot of floor area before abatements, is below the neighbors' median of $9.42.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 247 West 37th Street | 199K SF | 18 | 1924 | $7.35 | n/a |
| 262 West 38th Street | 89K SF | 16 | 1924 | $8.53 | n/a |
| 241 West 37th Street | 68K SF | 12 | 1913 | $10.31 | n/a |
| 256 West 38th Street | 89K SF | 14 | 1924 | $10.33 | May 2025, $21.5M |
| 540 Eighth Avenue | 216K SF | 23 | 1925 | $7.09 | n/a |
| 252 West 38th Street | 62K SF | 14 | 1924 | $7.18 | Jun 2004, $11.2M |
| 252 West 37th Street | 132K SF | 17 | 1924 | $11.19 | Feb 2007, $33.7M |
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 address
- 247-263 West 37th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 214,130 SF
- Commercial floor area
- 214,130 SF
- Office
- 199,130 SF
- Retail
- 15,000 SF
- Height
- 18 floors
- Average floor
- About 11,900 SF (floor area divided by floors)
- Year built
- 1924
- Lot area
- 14,812 SF
- Zoning district
- M1-9A
- Built FAR
- 14.46
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007870011
Nearest subway
- 34 St-Penn Station
- Times Sq-42 St
- 34 St-Penn Station
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 4 storefronts at 247 West 37th Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 4 did.
- Storefronts registered for December 31, 2025
- 4
- Vacant that day
- 1
- Share vacant across the Garment District
- 13.7%
- Share vacant along West 37th Street
- 20.5%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Own or lease out a storefront at 247 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 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 247 WEST 37TH ST. ASSOCIATES as the owner of record. For tax year 2026/27 the city values 247 West 37th Street at $33 million and assesses it at $14.8 million. After phase-ins and exemptions its taxable value is $14.5 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 $1.57 million a year before abatements, roughly $7.35 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
- 247 WEST 37TH ST. ASSOCIATES
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $32,970,000
- Land market value
- $3,880,000
- Assessed value
- $14,836,500
- Taxable value (phased in)
- $14,498,640
- Estimated yearly tax
- About $1.57 million
- Tax per SF of floor area
- About $7.35
City market value by tax year
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How to find who owns any NYC buildingSource: 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.
Own or manage 247 West 37th Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
247 West 37th Street reported an ENERGY STAR score of 94 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 41.1 kBtu per square foot, less than half the national median of 103.5 for a similar property. Its greenhouse gas emissions were about 949 metric tons of CO2e (3.94 kg per square foot).
- ENERGY STAR score (2024)
- 94 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 41.1 kBtu/SF
- National median for the type
- 103.5 kBtu/SF
- Greenhouse gas emissions
- 949 t CO2e
- Emissions per SF
- 3.94 kg CO2e
- Floor area in the filing
- 240,729 SF
ENERGY STAR score by year
Energy sources in 2024
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, 247 West 37th Street comes to about 783 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,906 tons for 2024 to 2029 (41% of the limit), so it would owe no penalty. From 2030 the limit drops to 671 tons and the same energy use counts as about 552 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 1,906 t CO2e
- Estimated emissions
- 783 t CO2e
- Under the limit by
- 1,123 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 671 t CO2e
- Estimated emissions
- 552 t CO2e
- Under the limit by
- 119 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 226,211 SF; Other - Restaurant/Bar 5,000 SF; Retail Store 9,518 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.
Own or manage 247 West 37th Street? List a space here free and we match it against every active requirement.
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 4 jobs at 247 West 37th Street. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1, was first permitted in August 2026 (construction, plumbing; filed cost estimate $547,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 7
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1, cellar
- Facade and sidewalk jobs, 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 2026-10-24 (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.
No office space listed in the Garment District yet
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Before you sign
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Questions about 247 West 37th Street
How big is 247 West 37th Street?
247 West 37th Street has about 214,000 square feet of floor area in total, including 199,000 square feet of office and 15,000 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 247 West 37th Street built?
City records list 1924 as the year built. The building is 18 floors tall.
What other addresses does 247 West 37th Street have?
City records list 247-263 West 37th Street on the same tax lot (BBL 1007870011) as 247 West 37th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 247 West 37th Street?
247 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 247 West 37th Street, New York, NY 10018, in the Garment District.
What is the zoning at 247 West 37th Street?
The lot is in the M1-9A zoning district. PLUTO lists a built floor area ratio (FAR) of 14.46 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 247 West 37th Street?
The closest subway station to 247 West 37th Street is 34 St-Penn Station (the A, C and E trains), about 850 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 247 West 37th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 247 WEST 37TH ST. ASSOCIATES as the owner of record of 247 West 37th Street (BBL 1007870011). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 247 West 37th Street?
247 West 37th Street reported an ENERGY STAR score of 94 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 94 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 41.1 kBtu per square foot, less than half the national median of 103.5 for a similar property. Its greenhouse gas emissions were about 949 metric tons of CO2e (3.94 kg per square foot).
Does 247 West 37th Street meet Local Law 97?
At its 2024 energy use, 247 West 37th Street comes to about 783 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,906 tons for 2024 to 2029 (41% of the limit), so it would owe no penalty. From 2030 the limit drops to 671 tons and the same energy use counts as about 552 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.
Is there construction at 247 West 37th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 247 West 37th Street. In the last two years, interior work was permitted on one floor (floor 1 and the cellar). The newest build-out, on floor 1, was first permitted in August 2026 (construction, plumbing; filed cost estimate $547,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007870011. 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 247 West 37th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $14.5 million for 247 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 $1.57 million a year, roughly $7.35 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007870011 show the actual bill.
What is the assessed value of 247 West 37th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 247 West 37th Street at $33 million ($3.88 million of it land) and its assessed value at $14.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($31.4 million) to 2026/27.
Are there vacant storefronts at 247 West 37th Street?
Owners registered 4 storefronts at 247 West 37th Street for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. A year earlier, none of 4 did. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 247 West 37th Street?
No space at 247 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