Factory and industrial building · Garment District, Manhattan

254 West 35th Street

New York, NY 10001

254 West 35th Street is a 16-floor factory and industrial building in the Garment District, Manhattan, built in 1924, with about 107,000 square feet of industrial and storage space according to city records.

Also at 254-258 West 35th Street.

Industrial and storage space
107K SF
Floors
16
Year built
1924
Zoning
M1-9A/R12

Industrial and storage space next to its nearest neighbors

  1. 554 Eighth Avenue3 min walk228K SF
  2. 254 West 35th StreetThis building107K SF
  3. 329 West 36th Street3 min walk103K SF
  4. 306 West 38th Street3 min walk69K SF

The 2nd 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

How 254 West 35th Street compares

Next to the 6 nearest large industrial and storage buildings, all within a 4 minute walk, 254 West 35th Street ranks 2nd of 7 by industrial and storage floor area. It went up in 1924; the median neighbor dates from 1925. Its estimated property tax, about $7.42 a square foot of floor area before abatements, is close to the neighbors' median of $7.36.

254 West 35th Street and the 6 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot
BuildingIndustrial and storage spaceFloorsBuiltTax / SF
254 West 35th StreetThis building107K SF161924$7.42
329 West 36th Street3 min walk103K SF121924$4.68
554 Eighth Avenue3 min walk228K SF211924$12.24
306 West 38th Street3 min walk69K SF161927$10.10
257 West 38th Street4 min walk74K SF161927$8.66
247 West 38th Street4 min walk86K SF171924$6.07
244 West 39th Street4 min walk44K SF141927$6.04
The 2nd largest of the 7 industrial and storage buildings we track in the Garment District: 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). 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
254-258 West 35th Street
ZIP code
10001
Building type
Factory and industrial building (city class F5)
Total floor area
106,642 SF
Commercial floor area
106,642 SF
Industrial and storage
106,642 SF
Height
16 floors
Average floor
About 6,700 SF (floor area divided by floors)
Year built
1924
Lot area
7,406 SF
Zoning district
M1-9A/R12
Built FAR
14.4
Max commercial FAR
15
Tax lot (BBL)
1007840071

Nearest subway

  • 34 St-Penn Station1 min walk · Accessible station
  • 34 St-Penn Station3 min walk · Accessible station
  • 34 St-Herald Sq6 min walk · Accessible station

Nearby large buildings

All 39 large office buildings on West 35th 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 254 WEST 35 HOLDINGS LLC as the owner of record. For tax year 2026/27 the city values 254 West 35th Street at $18 million and assesses it at $8.08 million. After phase-ins and exemptions its taxable value is $7.3 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 $791,737 a year before abatements, roughly $7.42 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
254 WEST 35 HOLDINGS LLC
Tax class
Class 4 (commercial and industrial)
City market value
$17,960,000
Land market value
$1,300,000
Assessed value
$8,082,000
Taxable value (phased in)
$7,298,460
Estimated yearly tax
About $791,737
Tax per SF of floor area
About $7.42

City market value by tax year

  • 2022/23$14.2 million
  • 2023/24$15.3 million
  • 2024/25$16.4 million
  • 2025/26$17.2 million
  • 2026/27$18 million

Market value rose 26% from 2022/23 ($14.2 million) to 2026/27.

How the Garment District 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

254 West 35th Street last sold in November 2024 for $16.1 million, according to the deed recorded with the city. 254-258 W 35TH ST LLC sold it to CS MIDTOWN 35 LLC. That comes to about $151 per square foot of floor area.

Last sale (deed date)
November 20, 2024
Price
$16,150,000
Price per SF of floor area
About $151
Seller
254-258 W 35TH ST LLC
Buyer
CS MIDTOWN 35 LLC
Deed recorded
November 29, 2024
ACRIS document
2024112600968003
All 25 building sales in the Garment District 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.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

254 West 35th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 28.2 kBtu per square foot, 35% above the national median of 20.9 for a similar property. Its greenhouse gas emissions were about 292 metric tons of CO2e (2.74 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Self-Storage Facility
Site energy use intensity
28.2 kBtu/SF
National median for the type
20.9 kBtu/SF
Greenhouse gas emissions
292 t CO2e
Emissions per SF
2.74 kg CO2e
Floor area in the filing
106,643 SF

Energy sources in 2024

  • Electricity71%
  • Natural gas29%

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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 254 West 35th Street comes to about 227 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 454 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 65 tons and the same energy use counts as about 137 tons, about 72 tons over, or an estimated $19,000 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
454 t CO2e
Estimated emissions
227 t CO2e
Under the limit by
227 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
65 t CO2e
Estimated emissions
137 t CO2e
Over the limit by
72 t CO2e
Estimated penalty a year
$19,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Self-Storage Facility 106,643 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.

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

Own or manage 254 West 35th 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 3 jobs at 254 West 35th Street. In the last two years, interior work was permitted on 16 floors (floors 1 to 16, the cellar, the mezzanine and the sub-cellar). The newest build-out, on floors 1 to 16, the cellar, the mezzanine, the roof and the sub-cellar, was first permitted in May 2026 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $17 million). A sidewalk shed permit here is active until January 19, 2027.

New jobs, last 12 months
3
Initial permits, last 12 months
11
Newest job first permitted
July 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
1 to 16, cellar, mezzanine, sub-cellar
Facade and sidewalk jobs, last 24 months
1
Sidewalk shed permit
Active until Jan 19, 2027

Recent build-outs

  • Floors 1 to 16, cellar, mezzanine, roof, sub-cellarMay 2026Construction, Mechanical, Plumbing, Sprinklers, Standpipe, Structural; est. $17 million
  • Floors 1 to 16, cellar, roofApril 2026Plumbing; est. $10,000; signed off

New jobs by year

  • 20210
  • 20220
  • 20230
  • 20241
  • 20250
  • 2026 to date3

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 industrial and storage space listed in the Garment District yet

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Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 254 West 35th Street

How big is 254 West 35th Street?

254 West 35th Street has about 107,000 square feet of floor area in total, including 107,000 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.

When was 254 West 35th Street built?

City records list 1924 as the year built. The building is 16 floors tall.

What other addresses does 254 West 35th Street have?

City records list 254-258 West 35th Street on the same tax lot (BBL 1007840071) as 254 West 35th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 254 West 35th Street?

254 West 35th Street is in ZIP code 10001, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 254 West 35th Street, New York, NY 10001, in the Garment District.

What is the zoning at 254 West 35th Street?

The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.4 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 254 West 35th Street?

The closest subway station to 254 West 35th Street is 34 St-Penn Station (the A, C and E trains), about 300 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the 1, 2 and 3 trains), 3 min walk; 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 254 West 35th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 254 WEST 35 HOLDINGS LLC as the owner of record of 254 West 35th Street (BBL 1007840071). 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 254 West 35th Street last sold?

254 West 35th Street last sold in November 2024 for $16.1 million, according to the deed recorded with the city. 254-258 W 35TH ST LLC sold it to CS MIDTOWN 35 LLC. That comes to about $151 per square foot of floor area. The deed is ACRIS document 2024112600968003 (BBL 1007840071) 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 254 West 35th Street have an energy grade?

254 West 35th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 28.2 kBtu per square foot, 35% above the national median of 20.9 for a similar property. Its greenhouse gas emissions were about 292 metric tons of CO2e (2.74 kg per square foot).

Does 254 West 35th Street meet Local Law 97?

At its 2024 energy use, 254 West 35th Street comes to about 227 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 454 tons for 2024 to 2029 (50% of the limit), so it would owe no penalty. From 2030 the limit drops to 65 tons and the same energy use counts as about 137 tons, about 72 tons over, or an estimated $19,000 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 254 West 35th Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 254 West 35th Street. In the last two years, interior work was permitted on 16 floors (floors 1 to 16, the cellar, the mezzanine and the sub-cellar). The newest build-out, on floors 1 to 16, the cellar, the mezzanine, the roof and the sub-cellar, was first permitted in May 2026 (construction, mechanical, plumbing, sprinklers, standpipe, structural; filed cost estimate $17 million). A sidewalk shed permit here is active until January 19, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1007840071. 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 254 West 35th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $7.3 million for 254 West 35th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $791,737 a year, roughly $7.42 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007840071 show the actual bill.

What is the assessed value of 254 West 35th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 254 West 35th Street at $18 million ($1.3 million of it land) and its assessed value at $8.08 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 26% from 2022/23 ($14.2 million) to 2026/27.

Is there industrial and storage space for lease at 254 West 35th Street?

No space at 254 West 35th 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.

2,723 buildings from city records

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