Office building with commercial space · Midtown South, Manhattan

31 West 27th Street

New York, NY 10001

31 West 27th Street is a 12-floor office building with commercial space in Midtown South, Manhattan, built in 1909, with about 97,000 square feet of office space according to city records.

Also at 31-37 West 27th Street.

Office space
97K SF
Floors
12
Year built
1909
Zoning
M1-8A/R12

The 84th largest of the 156 office buildings we track in Midtown South. Compare it with 6 neighbors

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Compared with its neighbors

How 31 West 27th Street compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 31 West 27th Street ranks 2nd of 7 by office floor area. It went up in 1909; the median neighbor dates from 1910. Its estimated property tax, about $22.06 a square foot of floor area before abatements, is above the neighbors' median of $11.92.

31 West 27th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
31 West 27th StreetThis building97K SF121909$22.06Jul 2017, $126M
45 West 27th Street1 min walk50K SF121910$17.32Sep 2015, $43.1M
28 West 27th Street1 min walk58K SF121909$10.93n/a
34 West 27th Street1 min walk58K SF121912$10.34n/a
12 West 27th Street1 min walk85K SF181913$10.01n/a
49 West 27th Street1 min walk77K SF101883$12.92n/a
44 West 28th Street1 min walk133K SF161911$15.33Jun 2007, $51.5M
The 84th largest of the 156 office buildings we track in Midtown South: 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); 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
31-37 West 27th Street
ZIP code
10001
Building type
Office building with commercial space (city class O6)
Total floor area
106,800 SF
Commercial floor area
106,800 SF
Office
96,800 SF
Retail
10,000 SF
Height
12 floors
Average floor
About 8,900 SF (floor area divided by floors)
Year built
1909
Last major alteration
2019
Lot area
9,876 SF
Zoning district
M1-8A/R12
Built FAR
10.81
Max commercial FAR
12
Historic district
Madison Square North Historic District
Tax lot (BBL)
1008290016

Nearest subway

  • 28 St1 min walk · Not accessible
  • 23 St5 min walk · Not accessible
  • 28 St5 min walk · Not accessible

Nearby large buildings

All 18 large office buildings on West 27th 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 storefront registry (Local Law 157)

Storefronts and vacancy

Owners registered one storefront at 31 West 27th Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.

Storefronts registered for December 31, 2024
1
Vacant that day
0
Share vacant across Midtown South
12.7%
Share vacant along West 27th Street
24.0%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20190 of 2
  • 20200 of 1
  • 2021None registered
  • 20220 of 1
  • 2023None registered
  • 20240 of 1

Bars show the share of the lot's registered storefronts that stood vacant.

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 31 WEST 27TH STREET PROPERTY INVESTORS I V, LLC as the owner of record. For tax year 2026/27 the city values 31 West 27th Street at $48.3 million and assesses it at $21.7 million. After phase-ins and exemptions its taxable value is $21.7 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 $2.36 million a year before abatements, roughly $22.06 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
31 WEST 27TH STREET PROPERTY INVESTORS I V, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$48,254,000
Land market value
$6,000,000
Assessed value
$21,714,300
Estimated yearly tax
About $2.36 million
Tax per SF of floor area
About $22.06

City market value by tax year

  • 2022/23$48.8 million
  • 2023/24$56.1 million
  • 2024/25$52.4 million
  • 2025/26$53.3 million
  • 2026/27$48.3 million

Market value fell 1% from 2022/23 ($48.8 million) to 2026/27.

How Midtown South 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 property records (ACRIS)

Sales history

31 West 27th Street last sold in July 2017 for $126 million, according to the deed recorded with the city. 31 W27ST 9 OWNER, LLC sold it to 31 WEST 27TH STREET PROPERTY INVESTORS IV, LLC.

Last sale (deed date)
July 13, 2017
Price
$126,000,000
Seller
31 W27ST 9 OWNER, LLC
Buyer
31 WEST 27TH STREET PROPERTY INVESTORS IV, LLC
Deed recorded
July 17, 2017
ACRIS document
2017071700873001

Recorded sales

All 31 building sales in Midtown South since 2016

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

31 West 27th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), 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 88.8 kBtu per square foot, 77% above the national median of 50.2 for a similar property. Its greenhouse gas emissions were about 990 metric tons of CO2e (9.27 kg per square foot).

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
88.8 kBtu/SF
National median for the type
50.2 kBtu/SF
Greenhouse gas emissions
990 t CO2e
Emissions per SF
9.27 kg CO2e
Floor area in the filing
106,799 SF
ENERGY STAR certified
2019, 2020, 2021

Energy sources in 2024

  • Electricity73%
  • Fuel oil27%

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.

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 31 West 27th Street. In the last two years, interior work was permitted on 3 floors (floors 6, 10 and 11). The newest build-out, on floor 11, was first permitted in October 2025 (construction, mechanical, plumbing, sprinklers; filed cost estimate $1.2 million).

New jobs, last 12 months
4
Initial permits, last 12 months
4
Newest job first permitted
October 2025
Interior build-outs, last 24 months
3
Floors with interior work, last 24 months
6, 10 and 11

Recent build-outs

  • Floor 11October 2025Construction, Mechanical, Plumbing, Sprinklers; 4 jobs; est. $1.2 million
  • Floor 6December 2024Construction, Mechanical; est. $171,000; signed off
  • Floor 10December 2024Construction, Mechanical, Plumbing, Sprinklers; est. $600,000; signed off

New jobs by year

  • 20210
  • 202214
  • 20234
  • 20242
  • 20254
  • 2026 to date0

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.

Landmarks Preservation Commission records

Architecture and history

31 West 27th Street was designed by Cleverdon & Putzel and built in 1908-1909 in the Beaux-Arts style. It stands in the Madison Square North Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
Cleverdon & Putzel
Constructed
1908-1909
Style
Beaux-Arts
Primary material
Steel frame
Built as
Store and lofts

Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.

Office space nearby in Midtown South

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 South yet. These labeled examples show what tenants post. List a space in 31 West 27th Street and we match it against every new one automatically.

Before you sign

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Questions about 31 West 27th Street

How big is 31 West 27th Street?

31 West 27th Street has about 107,000 square feet of floor area in total, including 97,000 square feet of office and 10,000 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 31 West 27th Street built?

The Landmarks Preservation Commission's building records date 31 West 27th Street to 1908-1909, designed by Cleverdon & Putzel. The building is 12 floors tall.

Who designed 31 West 27th Street?

Cleverdon & Putzel, according to the Landmarks Preservation Commission's building records, which list the style as Beaux-Arts and its original use as store and lofts.

What other addresses does 31 West 27th Street have?

City records list 31-37 West 27th Street on the same tax lot (BBL 1008290016) as 31 West 27th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 31 West 27th Street?

31 West 27th 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 31 West 27th Street, New York, NY 10001, in Midtown South.

What is the zoning at 31 West 27th Street?

The lot is in the M1-8A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.81 and a maximum commercial FAR of 12 for this lot. It is inside the Madison Square North Historic District, so exterior changes go through the Landmarks Preservation Commission.

What subway station is closest to 31 West 27th Street?

The closest subway station to 31 West 27th Street is 28 St (the R and W trains), about 250 feet away in a straight line, roughly 1 minute on foot. Also nearby: 23 St (the F and M trains), 5 min walk; 28 St (the 1 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 31 West 27th Street?

The NYC Department of Finance's 2026/27 assessment roll lists 31 WEST 27TH STREET PROPERTY INVESTORS I V, LLC as the owner of record of 31 West 27th Street (BBL 1008290016). 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 31 West 27th Street last sold?

31 West 27th Street last sold in July 2017 for $126 million, according to the deed recorded with the city. 31 W27ST 9 OWNER, LLC sold it to 31 WEST 27TH STREET PROPERTY INVESTORS IV, LLC. The deed is ACRIS document 2017071700873001 (BBL 1008290016) 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 31 West 27th Street have an energy grade?

31 West 27th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), 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 88.8 kBtu per square foot, 77% above the national median of 50.2 for a similar property. Its greenhouse gas emissions were about 990 metric tons of CO2e (9.27 kg per square foot).

Is there construction at 31 West 27th Street?

In the 12 months to September 2026, the Department of Buildings issued first permits for 4 jobs at 31 West 27th Street. In the last two years, interior work was permitted on 3 floors (floors 6, 10 and 11). The newest build-out, on floor 11, was first permitted in October 2025 (construction, mechanical, plumbing, sprinklers; filed cost estimate $1.2 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1008290016. 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 31 West 27th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $21.7 million for 31 West 27th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.36 million a year, roughly $22.06 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008290016 show the actual bill.

What is the assessed value of 31 West 27th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 31 West 27th Street at $48.3 million ($6 million of it land) and its assessed value at $21.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 1% from 2022/23 ($48.8 million) to 2026/27.

Are there vacant storefronts at 31 West 27th Street?

Owners registered one storefront at 31 West 27th Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day. 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 31 West 27th Street?

No space at 31 West 27th 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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