Office building with commercial space · Garment District, Manhattan
250 West 39th Street
New York, NY 10018
250 West 39th Street is a 17-floor office building with commercial space in the Garment District, Manhattan, built in 1926, with about 177,000 square feet of office space according to city records.
Also at 248-256 West 39th Street.
- Office space
- 177K SF
- Floors
- 17
- Year built
- 1926
- Zoning
- M1-9A
The 45th 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 250 West 39th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 250 West 39th Street is the largest by office floor area. It went up in 1926; the median neighbor dates from 1925. Its estimated property tax, about $10.62 a square foot of floor area before abatements, is above the neighbors' median of $8.14.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 250 West 39th Street | 177K SF | 17 | 1926 | $10.62 | Dec 2015, $124M |
| 260 West 39th Street | 146K SF | 18 | 1926 | $6.93 | n/a |
| 234 West 39th Street | 77K SF | 10 | 1921 | $9.35 | May 2019, $56.5M |
| 263 West 38th Street | 140K SF | 17 | 1925 | $9.70 | n/a |
| 251 West 39th Street | 102K SF | 17 | 1925 | $5.56 | Dec 2018, $29.8M |
| 257 West 39th Street | 166K SF | 16 | 1925 | $5.45 | n/a |
| 230 West 39th Street | 53K SF | 16 | 1926 | $10.71 | 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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 248-256 West 39th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 181,921 SF
- Commercial floor area
- 181,921 SF
- Office
- 176,921 SF
- Retail
- 5,000 SF
- Height
- 17 floors
- Average floor
- About 10,700 SF (floor area divided by floors)
- Year built
- 1926
- Lot area
- 12,146 SF
- Zoning district
- M1-9A
- Built FAR
- 14.98
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007880073
Nearest subway
- Times Sq-42 St
- 34 St-Penn Station
- 42 St-Bryant Pk
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 250 WEST 39TH STREET, INC. as the owner of record. For tax year 2026/27 the city values 250 West 39th Street at $39.6 million and assesses it at $17.8 million. After phase-ins and exemptions its taxable value is $17.8 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 $1.93 million a year before abatements, roughly $10.62 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.
- Owner of record
- 250 WEST 39TH STREET, INC.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $39,572,000
- Land market value
- $3,170,000
- Assessed value
- $17,807,400
- Estimated yearly tax
- About $1.93 million
- Tax per SF of floor area
- About $10.62
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.
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NYC property records (ACRIS)
Sales history
250 West 39th Street last sold in December 2015 for $123.5 million, according to the deed recorded with the city. TR 39TH ST. LAND CORP. sold it to 250 WEST 39TH STREET, INC.. That comes to about $679 per square foot of floor area.
- Last sale (deed date)
- December 1, 2015
- Price
- $123,500,000
- Price per SF of floor area
- About $679
- Seller
- TR 39TH ST. LAND CORP.
- Buyer
- 250 WEST 39TH STREET, INC.
- Deed recorded
- December 21, 2015
- ACRIS document
- 2015120800877003
Recorded sales
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.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
250 West 39th Street reported an ENERGY STAR score of 88 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 55.3 kBtu per square foot, 49% below the national median of 108.7 for a similar property. Its greenhouse gas emissions were about 947 metric tons of CO2e (5.06 kg per square foot).
- ENERGY STAR score (2024)
- 88 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 55.3 kBtu/SF
- National median for the type
- 108.7 kBtu/SF
- Greenhouse gas emissions
- 947 t CO2e
- Emissions per SF
- 5.06 kg CO2e
- Floor area in the filing
- 187,170 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, 250 West 39th Street comes to about 814 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,419 tons for 2024 to 2029 (57% of the limit), so it would owe no penalty. From 2030 the limit drops to 488 tons and the same energy use counts as about 630 tons, about 142 tons over, or an estimated $38,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,419 t CO2e
- Estimated emissions
- 814 t CO2e
- Under the limit by
- 605 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 488 t CO2e
- Estimated emissions
- 630 t CO2e
- Over the limit by
- 142 t CO2e
- Estimated penalty a year
- $38,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 174,591 SF; Manufacturing/Industrial Plant 12,579 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 250 West 39th 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 250 West 39th Street. In the last two years, interior work was permitted on 5 floors (floors 5, 8, 9, 16 and 17 and the mezzanine). The newest build-out, on floor 5 and the mezzanine, was first permitted in November 2025 (mechanical; filed cost estimate $400,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 4
- Newest job first permitted
- November 2025
- Interior build-outs, last 24 months
- 4
- Floors with interior work, last 24 months
- 5, 8, 9, 16 and 17, mezzanine
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.
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Before you sign
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Questions about 250 West 39th Street
How big is 250 West 39th Street?
250 West 39th Street has about 182,000 square feet of floor area in total, including 177,000 square feet of office and 5,000 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 250 West 39th Street built?
City records list 1926 as the year built. The building is 17 floors tall.
What other addresses does 250 West 39th Street have?
City records list 248-256 West 39th Street on the same tax lot (BBL 1007880073) as 250 West 39th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 250 West 39th Street?
250 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 250 West 39th Street, New York, NY 10018, in the Garment District.
What is the zoning at 250 West 39th Street?
The lot is in the M1-9A zoning district. PLUTO lists a built floor area ratio (FAR) of 14.98 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 250 West 39th Street?
The closest subway station to 250 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 800 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.
Who owns 250 West 39th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 250 WEST 39TH STREET, INC. as the owner of record of 250 West 39th Street (BBL 1007880073). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 250 West 39th Street last sold?
250 West 39th Street last sold in December 2015 for $123.5 million, according to the deed recorded with the city. TR 39TH ST. LAND CORP. sold it to 250 WEST 39TH STREET, INC.. That comes to about $679 per square foot of floor area. The deed is ACRIS document 2015120800877003 (BBL 1007880073) 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 250 West 39th Street?
250 West 39th Street reported an ENERGY STAR score of 88 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 88 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 55.3 kBtu per square foot, 49% below the national median of 108.7 for a similar property. Its greenhouse gas emissions were about 947 metric tons of CO2e (5.06 kg per square foot).
Does 250 West 39th Street meet Local Law 97?
At its 2024 energy use, 250 West 39th Street comes to about 814 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,419 tons for 2024 to 2029 (57% of the limit), so it would owe no penalty. From 2030 the limit drops to 488 tons and the same energy use counts as about 630 tons, about 142 tons over, or an estimated $38,000 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 250 West 39th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 250 West 39th Street. In the last two years, interior work was permitted on 5 floors (floors 5, 8, 9, 16 and 17 and the mezzanine). The newest build-out, on floor 5 and the mezzanine, was first permitted in November 2025 (mechanical; filed cost estimate $400,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1007880073. 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 250 West 39th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $17.8 million for 250 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 $1.93 million a year, roughly $10.62 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007880073 show the actual bill.
What is the assessed value of 250 West 39th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 250 West 39th Street at $39.6 million ($3.17 million of it land) and its assessed value at $17.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value held steady from 2022/23 to 2026/27.
Is there office space for lease at 250 West 39th Street?
No space at 250 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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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