Office building with commercial space · Garment District, Manhattan
256 West 38th Street
New York, NY 10018
256 West 38th Street is a 14-floor office building with commercial space in the Garment District, Manhattan, built in 1924, with about 89,000 square feet of office space according to city records.
Also at 256-260 West 38th Street.
- Office space
- 89K SF
- Floors
- 14
- Year built
- 1924
- Zoning
- M1-9A
The 99th largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 256 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 256 West 38th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 256 West 38th Street ranks 4th of 7 by office floor area. It went up in 1924; the median neighbor dates from 1923. Its estimated property tax, about $10.33 a square foot of floor area before abatements, is above the neighbors' median of $7.78.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 256 West 38th Street | 89K SF | 14 | 1924 | $10.33 | May 2025, $21.5M |
| 252 West 38th Street | 62K SF | 14 | 1924 | $7.18 | Jun 2004, $11.2M |
| 262 West 38th Street | 89K SF | 16 | 1924 | $8.53 | n/a |
| 241 West 37th Street | 68K SF | 12 | 1913 | $10.31 | n/a |
| 247 West 37th Street | 199K SF | 18 | 1924 | $7.35 | n/a |
| 246 West 38th Street | 90K SF | 14 | 1922 | $8.21 | n/a |
| 237 West 37th Street | 60K SF | 14 | 1922 | $6.35 | 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
- 256-260 West 38th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 96,736 SF
- Commercial floor area
- 96,736 SF
- Office
- 88,736 SF
- Retail
- 8,000 SF
- Height
- 14 floors
- Average floor
- About 6,900 SF (floor area divided by floors)
- Year built
- 1924
- Lot area
- 7,357 SF
- Zoning district
- M1-9A
- Built FAR
- 13.15
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007870072
Nearest subway
- 34 St-Penn Station
- Times Sq-42 St
- 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 2 storefronts at 256 West 38th Street for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 1
- 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
Own or lease out a storefront at 256 West 38th 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 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 WEST 38 PROPERTY LLC as the owner of record. For tax year 2026/27 the city values 256 West 38th Street at $20.8 million and assesses it at $9.38 million. After phase-ins and exemptions its taxable value is $9.21 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 $999,498 a year before abatements, roughly $10.33 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
- WEST 38 PROPERTY LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $20,837,000
- Land market value
- $1,930,000
- Assessed value
- $9,376,650
- Taxable value (phased in)
- $9,213,660
- Estimated yearly tax
- About $999,498
- Tax per SF of floor area
- About $10.33
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
256 West 38th Street last sold in May 2025 for $21.5 million, according to the deed recorded with the city. WEST 38 LL, LLC sold it to CA 38TH STREET HOLDINGS LLC. That comes to about $222 per square foot of floor area.
- Last sale (deed date)
- May 23, 2025
- Price
- $21,500,000
- Price per SF of floor area
- About $222
- Seller
- WEST 38 LL, LLC
- Buyer
- CA 38TH STREET HOLDINGS LLC
- Deed recorded
- June 3, 2025
- ACRIS document
- 2025060200651003
Recorded sales
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 score, grade and emissions
256 West 38th Street reported an ENERGY STAR score of 91 out of 100 for 2023 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 39.5 kBtu per square foot, less than half the national median of 84.5 for a similar property. Its greenhouse gas emissions were about 362 metric tons of CO2e (3.7 kg per square foot).
- ENERGY STAR score (2023)
- 91 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 39.5 kBtu/SF
- National median for the type
- 84.5 kBtu/SF
- Greenhouse gas emissions
- 362 t CO2e
- Emissions per SF
- 3.7 kg CO2e
- Floor area in the filing
- 96,736 SF
ENERGY STAR score by year
Energy sources in 2023
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 (2023 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. 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.
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 256 West 38th Street. In the last two years, interior work was permitted on one floor (floor 1, the cellar and the mezzanine). The newest build-out, on floor 1, the cellar and the mezzanine, was first permitted in August 2026 (construction, plumbing; filed cost estimate $282,000). A sidewalk shed permit here is active until November 26, 2026.
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 3
- Newest job first permitted
- August 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1, cellar, mezzanine
- Facade and sidewalk jobs, last 24 months
- 1
- Sidewalk shed permit
- Active until Nov 26, 2026
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 2026-10-02 (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.
Before you sign
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Questions about 256 West 38th Street
How big is 256 West 38th Street?
256 West 38th Street has about 97,000 square feet of floor area in total, including 89,000 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 256 West 38th Street built?
City records list 1924 as the year built. The building is 14 floors tall.
What other addresses does 256 West 38th Street have?
City records list 256-260 West 38th Street on the same tax lot (BBL 1007870072) as 256 West 38th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 256 West 38th Street?
256 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 256 West 38th Street, New York, NY 10018, in the Garment District.
What is the zoning at 256 West 38th Street?
The lot is in the M1-9A zoning district. PLUTO lists a built floor area ratio (FAR) of 13.15 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 256 West 38th Street?
The closest subway station to 256 West 38th Street is 34 St-Penn Station (the A, C and E trains), about 950 feet away in a straight line, roughly 4 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 256 West 38th Street?
The NYC Department of Finance's 2026/27 assessment roll lists WEST 38 PROPERTY LLC as the owner of record of 256 West 38th Street (BBL 1007870072). 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 256 West 38th Street last sold?
256 West 38th Street last sold in May 2025 for $21.5 million, according to the deed recorded with the city. WEST 38 LL, LLC sold it to CA 38TH STREET HOLDINGS LLC. That comes to about $222 per square foot of floor area. The deed is ACRIS document 2025060200651003 (BBL 1007870072) 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 256 West 38th Street?
256 West 38th Street reported an ENERGY STAR score of 91 for calendar year 2023 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 91 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 39.5 kBtu per square foot, less than half the national median of 84.5 for a similar property. Its greenhouse gas emissions were about 362 metric tons of CO2e (3.7 kg per square foot).
Is there construction at 256 West 38th Street?
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 256 West 38th Street. In the last two years, interior work was permitted on one floor (floor 1, the cellar and the mezzanine). The newest build-out, on floor 1, the cellar and the mezzanine, was first permitted in August 2026 (construction, plumbing; filed cost estimate $282,000). A sidewalk shed permit here is active until November 26, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1007870072. 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 256 West 38th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.21 million for 256 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 $999,498 a year, roughly $10.33 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007870072 show the actual bill.
What is the assessed value of 256 West 38th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 256 West 38th Street at $20.8 million ($1.93 million of it land) and its assessed value at $9.38 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 6% from 2022/23 ($19.7 million) to 2026/27.
Are there vacant storefronts at 256 West 38th Street?
Owners registered 2 storefronts at 256 West 38th Street for December 31, 2024, the newest annual filing the city has published, and 1 of them stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 256 West 38th Street?
No space at 256 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