Commercial condominium · Times Square, Manhattan

303 West 42nd Street

New York, NY 10036

303 West 42nd Street is a 12-floor commercial condominium in Times Square, Manhattan, built in 1928, with about 44,000 square feet of office space according to city records.

Also at 669-671 Eighth Avenue.

Office space
44K SF
Floors
12
Year built
1928
Zoning
C6-4

Office space next to its nearest neighbors

  1. 311 West 43rd Street1 min walk150K SF
  2. 300 West 43rd Street1 min walk45K SF
  3. 303 West 42nd StreetThis building44K SF

The 18th largest of the 19 office buildings we track in Times Square. Compare it with 6 neighbors

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Compared with its neighbors

How 303 West 42nd Street compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 303 West 42nd Street is the smallest by office floor area. It went up in 1928; the median neighbor dates from 1929. Its estimated property tax, about $22.54 a square foot of floor area before abatements, is above the neighbors' median of $14.13.

303 West 42nd Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
303 West 42nd StreetThis building44K SF121928$22.54
300 West 43rd Street1 min walk45K SF61928$19.42
311 West 43rd Street1 min walk150K SF141925$12.24
Eleven Times Square, 640 Eighth Avenue2 min walk743K SF402007$28.90
McGraw-Hill Building, 330 West 42nd Street2 min walk523K SF331931$14.02
315 West 44th Street2 min walk163K SF101931$14.24
234 West 44th Street2 min walk45K SF111927$10.17
The 18th largest of the 19 office buildings we track in Times Square: 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
669-671 Eighth Avenue
ZIP code
10036
Building type
Commercial condominium (city class RC)
Total floor area
52,901 SF
Commercial floor area
52,901 SF
Office
43,805 SF
Retail
9,096 SF
Height
12 floors
Average floor
About 4,400 SF (floor area divided by floors)
Year built
1928
Lot area
6,351 SF
Zoning district
C6-4
Built FAR
8.33
Max commercial FAR
10
Tax lot (BBL)
1010337502

Nearest subway

  • 42 St-Port Authority Bus Terminal1 min walk · Accessible station · connects to Times Sq-42 St
  • 49 St7 min walk · Partly accessible
  • 42 St-Bryant Pk7 min walk · Not accessible · connects to 5 Av

Nearby large buildings

All 16 large office buildings on West 42nd Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. 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

303 West 42nd Street is a condominium of 2 tax lots. XIN CAPITAL TIMES SQUARE LLC owns the units that make up 100% of its market value. For tax year 2026/27 the city values 303 West 42nd Street at $29.5 million and assesses it at $13.3 million. After phase-ins and exemptions its taxable value is $11 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 $1.19 million a year before abatements, roughly $22.54 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.

Largest unit owner
XIN CAPITAL TIMES SQUARE LLC (100% of market value)
Tax class
Class 4 (commercial and industrial)
City market value
$29,488,000
Land market value
$4,652,000
Assessed value
$13,269,600
Taxable value (phased in)
$10,993,317
Estimated yearly tax
About $1.19 million
Tax per SF of floor area
About $22.54
Condominium tax lots
2
Owners of record
1

City market value by tax year

  • 2025/26$28 million
  • 2026/27$29.5 million

Market value rose 5% from 2025/26 ($28 million) to 2026/27.

How Times Square compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-08; 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 energy benchmarking (Local Law 84)

Energy use and emissions

303 West 42nd 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 73.1 kBtu per square foot, 29% above the national median of 56.7 for a similar property. Its greenhouse gas emissions were about 426 metric tons of CO2e (6.48 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
73.1 kBtu/SF
National median for the type
56.7 kBtu/SF
Greenhouse gas emissions
426 t CO2e
Emissions per SF
6.48 kg CO2e
Floor area in the filing
65,667 SF

Energy sources in 2024

  • Electricity57%
  • Natural gas43%

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 2026-10-08; 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, 303 West 42nd Street comes to about 342 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 498 tons for 2024 to 2029 (69% of the limit), so it would owe no penalty. From 2030 the limit drops to 170 tons and the same energy use counts as about 226 tons, about 55 tons over, or an estimated $15,000 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
498 t CO2e
Estimated emissions
342 t CO2e
Under the limit by
156 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
170 t CO2e
Estimated emissions
226 t CO2e
Over the limit by
55 t CO2e
Estimated penalty a year
$15,000

Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 54,984 SF; Retail Store 10,683 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.

Own or manage 303 West 42nd 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 1 job at 303 West 42nd Street.

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
January 2026
Interior build-outs, last 24 months
0

New jobs by year

  • 202114
  • 202210
  • 20230
  • 20240
  • 20252
  • 2026 to date1

Build-outs across Times SquareWhere NYC offices are being built out

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). 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

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 303 West 42nd Street

How big is 303 West 42nd Street?

303 West 42nd Street has about 53,000 square feet of floor area in total, including 44,000 square feet of office and 9,000 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 303 West 42nd Street built?

City records list 1928 as the year built. The building is 12 floors tall.

What other addresses does 303 West 42nd Street have?

City records list 669-671 Eighth Avenue on the same tax lot (BBL 1010337502) as 303 West 42nd Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 303 West 42nd Street?

303 West 42nd Street is in ZIP code 10036, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 303 West 42nd Street, New York, NY 10036, in Times Square.

What is the zoning at 303 West 42nd Street?

The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.33 and a maximum commercial FAR of 10 for this lot.

What subway station is closest to 303 West 42nd Street?

The closest subway station to 303 West 42nd Street is 42 St-Port Authority Bus Terminal (the A, C, E, 1, 2, 3, 7, N, Q, R, W and S trains, connected to Times Sq-42 St), about 150 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 49 St (the N, R and W trains), 7 min walk; 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), 7 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 303 West 42nd Street?

303 West 42nd Street is a condominium of 2 tax lots. XIN CAPITAL TIMES SQUARE LLC owns the units that make up 100% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1010337502). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.

Does 303 West 42nd Street have an energy grade?

303 West 42nd 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 73.1 kBtu per square foot, 29% above the national median of 56.7 for a similar property. Its greenhouse gas emissions were about 426 metric tons of CO2e (6.48 kg per square foot).

Does 303 West 42nd Street meet Local Law 97?

At its 2024 energy use, 303 West 42nd Street comes to about 342 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 498 tons for 2024 to 2029 (69% of the limit), so it would owe no penalty. From 2030 the limit drops to 170 tons and the same energy use counts as about 226 tons, about 55 tons over, or an estimated $15,000 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 303 West 42nd Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 303 West 42nd Street. These are the Department of Buildings' DOB NOW work permits for tax lot 1010337502. 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 303 West 42nd Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $11 million for 303 West 42nd Street (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.19 million a year, roughly $22.54 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010337502 show the actual bill.

What is the assessed value of 303 West 42nd Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 303 West 42nd Street at $29.5 million ($4.65 million of it land) and its assessed value at $13.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2025/26 ($28 million) to 2026/27.

Is there office space for lease at 303 West 42nd Street?

No space at 303 West 42nd 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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Times Square

Transit hubs in Times Square

  • 1 2 3 7 N Q R W S at Times Sq-42 St
  • A C E at 42 St-Port Authority

Next door