Office building with commercial space · Midtown, Manhattan

29 West 38th Street

New York, NY 10018

29 West 38th Street is a 16-floor office building with commercial space in Midtown, Manhattan, built in 1912, with about 89,000 square feet of office space according to city records.

Also at 29-33 West 38th Street.

Office space
89K SF
Floors
16
Year built
1912
Zoning
M1-9A/R12

The 251st largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors

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Compared with its neighbors

How 29 West 38th Street compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 29 West 38th Street ranks 2nd of 7 by office floor area. It went up in 1912; the median neighbor dates from 1920. Its estimated property tax, about $9.56 a square foot of floor area before abatements, is above the neighbors' median of $9.02.

29 West 38th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
29 West 38th StreetThis building89K SF161912$9.56
21 West 38th Street1 min walk62K SF171917$8.75
32 West 39th Street1 min walk54K SF141925$13.17
42 West 39th Street1 min walk147K SF191927$7.35
Barbey Building, 15 West 38th Street1 min walk60K SF121909$9.29
42 West 38th Street1 min walk61K SF121916$4.84
49 West 38th Street1 min walk51K SF161924$9.67
The 251st largest of the 315 office buildings we track in Midtown: 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address
29-33 West 38th Street
ZIP code
10018
Building type
Office building with commercial space (city class O6)
Total floor area
92,739 SF
Commercial floor area
92,739 SF
Office
88,739 SF
Retail
4,000 SF
Height
16 floors
Average floor
About 5,800 SF (floor area divided by floors)
Year built
1912
Last major alteration
2012
Lot area
6,320 SF
Zoning district
M1-9A/R12
Built FAR
14.67
Max commercial FAR
15
Tax lot (BBL)
1008400023

Nearest subway

  • 42 St-Bryant Pk3 min walk · Not accessible · connects to 5 Av
  • Times Sq-42 St5 min walk · Accessible station · connects to 42 St-Port Authority Bus Terminal
  • 34 St-Herald Sq5 min walk · Accessible station

Nearby large buildings

All 34 large office buildings on West 38th Street

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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists 2938 WEST LLC as the owner of record. For tax year 2026/27 the city values 29 West 38th Street at $18.8 million and assesses it at $8.48 million. After phase-ins and exemptions its taxable value is $8.17 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 $886,196 a year before abatements, roughly $9.56 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
2938 WEST LLC
Tax class
Class 4 (commercial and industrial)
City market value
$18,846,000
Land market value
$7,600,000
Assessed value
$8,480,700
Taxable value (phased in)
$8,169,210
Estimated yearly tax
About $886,196
Tax per SF of floor area
About $9.56

City market value by tax year

  • 2022/23$16.5 million
  • 2023/24$18.3 million
  • 2024/25$18.4 million
  • 2025/26$18.7 million
  • 2026/27$18.8 million

Market value rose 14% from 2022/23 ($16.5 million) to 2026/27.

How Midtown compares: property tax per SF across NYC neighborhoods

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 energy benchmarking (Local Law 84)

Energy score, grade and emissions

29 West 38th 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 43 kBtu per square foot, less than half the national median of 107.4 for a similar property. Its greenhouse gas emissions were about 430 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
43 kBtu/SF
National median for the type
107.4 kBtu/SF
Greenhouse gas emissions
430 t CO2e
Emissions per SF
3.94 kg CO2e
Floor area in the filing
109,172 SF
ENERGY STAR certified
2021, 2022

ENERGY STAR score by year

  • 202396 (A)
  • 202494 (A)

Energy sources in 2024

  • Fuel oil58%
  • Electricity42%

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 2026-10-02; 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 4 jobs at 29 West 38th Street. In the last two years, interior work was permitted on 2 floors (floors 10 and 16). The newest build-out, on floor 16 and the roof, was first permitted in August 2026 (construction, mechanical; filed cost estimate $165,000).

New jobs, last 12 months
4
Initial permits, last 12 months
10
Newest job first permitted
August 2026
Interior build-outs, last 24 months
4
Floors with interior work, last 24 months
10 and 16
Facade and sidewalk jobs, last 24 months
2

Recent build-outs

  • Floor 16, roofAugust 2026Construction, Mechanical; est. $165,000
  • Floor 16October 2025Construction, Plumbing, Sprinklers; 2 jobs; est. $317,000
  • Floor 16, roofOctober 2025Mechanical; est. $120,000
  • Floors 10 and 16January 2025Construction; est. $10,000

New jobs by year

  • 20211
  • 20224
  • 20234
  • 20242
  • 20254
  • 2026 to date1

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.

Office space nearby in Midtown

Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.

What a requirement here looks like

No live requirements for office space in Midtown yet. These labeled examples show what tenants post. List a space in 29 West 38th Street and we match it against every new one automatically.

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Questions about 29 West 38th Street

How big is 29 West 38th Street?

29 West 38th Street has about 93,000 square feet of floor area in total, including 89,000 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 29 West 38th Street built?

City records list 1912 as the year built, with a major alteration recorded in 2012. The building is 16 floors tall.

What other addresses does 29 West 38th Street have?

City records list 29-33 West 38th Street on the same tax lot (BBL 1008400023) as 29 West 38th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 29 West 38th Street?

29 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 29 West 38th Street, New York, NY 10018, in Midtown.

What is the zoning at 29 West 38th Street?

The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 14.67 and a maximum commercial FAR of 15 for this lot.

What subway station is closest to 29 West 38th Street?

The closest subway station to 29 West 38th Street is 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), about 850 feet away in a straight line, roughly 3 minutes on foot. 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), 5 min walk; 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 29 West 38th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 2938 WEST LLC as the owner of record of 29 West 38th Street (BBL 1008400023). 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.

What is the energy grade of 29 West 38th Street?

29 West 38th 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 43 kBtu per square foot, less than half the national median of 107.4 for a similar property. Its greenhouse gas emissions were about 430 metric tons of CO2e (3.94 kg per square foot).

Is there construction at 29 West 38th Street?

In the 12 months to September 2026, the Department of Buildings issued first permits for 4 jobs at 29 West 38th Street. In the last two years, interior work was permitted on 2 floors (floors 10 and 16). The newest build-out, on floor 16 and the roof, was first permitted in August 2026 (construction, mechanical; filed cost estimate $165,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008400023. 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 29 West 38th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $8.17 million for 29 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 $886,196 a year, roughly $9.56 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008400023 show the actual bill.

What is the assessed value of 29 West 38th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 29 West 38th Street at $18.8 million ($7.6 million of it land) and its assessed value at $8.48 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 14% from 2022/23 ($16.5 million) to 2026/27.

Is there office space for lease at 29 West 38th Street?

No space at 29 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.

1,677 buildings from city records

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