Office building with commercial space · Garment District, Manhattan
252 West 38th Street
New York, NY 10018
252 West 38th Street is a 14-floor office building with commercial space in the Garment District, Manhattan, built in 1924, with about 62,000 square feet of office space according to city records.
Also at 252-254 West 38th Street.
- Office space
- 62K SF
- Floors
- 14
- Year built
- 1924
- Zoning
- M1-9A
The 126th largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 252 West 38th 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 252 West 38th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 252 West 38th Street ranks 6th of 7 by office floor area. It went up in 1924; the median neighbor dates from 1923. Its estimated property tax, about $7.18 a square foot of floor area before abatements, is below the neighbors' median of $8.37.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 252 West 38th Street | 62K SF | 14 | 1924 | $7.18 | Jun 2004, $11.2M |
| 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 |
| 241 West 37th Street | 68K SF | 12 | 1913 | $10.31 | n/a |
| 237 West 37th Street | 60K SF | 14 | 1922 | $6.35 | n/a |
| 262 West 38th Street | 89K SF | 16 | 1924 | $8.53 | n/a |
| 247 West 37th Street | 199K SF | 18 | 1924 | $7.35 | 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
- 252-254 West 38th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 66,073 SF
- Commercial floor area
- 66,073 SF
- Office
- 62,443 SF
- Retail
- 3,630 SF
- Height
- 14 floors
- Average floor
- About 4,700 SF (floor area divided by floors)
- Year built
- 1924
- Last major alteration
- 1962
- Lot area
- 4,905 SF
- Zoning district
- M1-9A
- Built FAR
- 13.47
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007870070
Nearest subway
- Times Sq-42 St
- 34 St-Penn Station
- 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 7 storefronts at 252 West 38th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 2 of 9 stood vacant.
- Storefronts registered for December 31, 2024
- 7
- Vacant that day
- 0
- Share vacant here
- 0.0%
- Share vacant across the Garment District
- 14.0%
- Share vacant along West 38th Street
- 7.1%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in the Garment District? Get matchedStorefront vacancy across New York City
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 FLORENCIA PROPERTIES LLC as the owner of record. For tax year 2026/27 the city values 252 West 38th Street at $10 million and assesses it at $4.52 million. After phase-ins and exemptions its taxable value is $4.37 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 $474,267 a year before abatements, roughly $7.18 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
- FLORENCIA PROPERTIES LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $10,042,000
- Land market value
- $1,300,000
- Assessed value
- $4,518,900
- Taxable value (phased in)
- $4,371,930
- Estimated yearly tax
- About $474,267
- Tax per SF of floor area
- About $7.18
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 property records (ACRIS)
Sales history
252 West 38th Street last sold in June 2004 for $11.2 million, according to the deed recorded with the city. 252-254 WEST 38TH STREET LLC and FELDWIN LLC sold it to FLORENCIA PROPERTIES N.V. INCORPORATED. That comes to about $170 per square foot of floor area.
- Last sale (deed date)
- June 30, 2004
- Price
- $11,200,000
- Price per SF of floor area
- About $170
- Seller
- 252-254 WEST 38TH STREET LLC and FELDWIN LLC
- Buyer
- FLORENCIA PROPERTIES N.V. INCORPORATED
- Deed recorded
- February 1, 2005
- ACRIS document
- 2004080602609001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; 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 use and emissions
252 West 38th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 54.5 kBtu per square foot, 21% below the national median of 69 for a similar property. Its greenhouse gas emissions were about 270 metric tons of CO2e (4.12 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 54.5 kBtu/SF
- National median for the type
- 69 kBtu/SF
- Greenhouse gas emissions
- 270 t CO2e
- Emissions per SF
- 4.12 kg CO2e
- Floor area in the filing
- 65,613 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 2026-10-02; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 252 West 38th Street. A sidewalk shed permit here is active until October 6, 2026.
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 4
- Newest job first permitted
- April 2026
- Interior build-outs, last 24 months
- 0
- Facade and sidewalk jobs, last 24 months
- 2
- Sidewalk shed permit
- Active until Oct 6, 2026
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.
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Questions about 252 West 38th Street
How big is 252 West 38th Street?
252 West 38th Street has about 66,000 square feet of floor area in total, including 62,000 square feet of office and 4,000 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 252 West 38th Street built?
City records list 1924 as the year built, with a major alteration recorded in 1962. The building is 14 floors tall.
What other addresses does 252 West 38th Street have?
City records list 252-254 West 38th Street on the same tax lot (BBL 1007870070) as 252 West 38th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 252 West 38th Street?
252 West 38th 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 252 West 38th Street, New York, NY 10018, in the Garment District.
What is the zoning at 252 West 38th Street?
The lot is in the M1-9A zoning district. PLUTO lists a built floor area ratio (FAR) of 13.47 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 252 West 38th Street?
The closest subway station to 252 West 38th 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 950 feet away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the A, C and E trains), 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 252 West 38th Street?
The NYC Department of Finance's 2026/27 assessment roll lists FLORENCIA PROPERTIES LLC as the owner of record of 252 West 38th Street (BBL 1007870070). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 252 West 38th Street last sold?
252 West 38th Street last sold in June 2004 for $11.2 million, according to the deed recorded with the city. 252-254 WEST 38TH STREET LLC and FELDWIN LLC sold it to FLORENCIA PROPERTIES N.V. INCORPORATED. That comes to about $170 per square foot of floor area. The deed is ACRIS document 2004080602609001 (BBL 1007870070) 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.
Does 252 West 38th Street have an energy grade?
252 West 38th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 54.5 kBtu per square foot, 21% below the national median of 69 for a similar property. Its greenhouse gas emissions were about 270 metric tons of CO2e (4.12 kg per square foot).
Is there construction at 252 West 38th Street?
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 252 West 38th Street. A sidewalk shed permit here is active until October 6, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1007870070. 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 252 West 38th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.37 million for 252 West 38th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $474,267 a year, roughly $7.18 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007870070 show the actual bill.
What is the assessed value of 252 West 38th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 252 West 38th Street at $10 million ($1.3 million of it land) and its assessed value at $4.52 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($9.52 million) to 2026/27.
Are there vacant storefronts at 252 West 38th Street?
Owners registered 7 storefronts at 252 West 38th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 2 of 9 stood vacant. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 252 West 38th Street?
No space at 252 West 38th 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