Office building · Garment District, Manhattan
314 West 40th Street
New York, NY 10018
314 West 40th Street is a 5-floor office building in the Garment District, Manhattan, built in 1947, with about 68,000 square feet of office space according to city records.
Also at 314-324 West 40th Street.
- Office space
- 68K SF
- Floors
- 5
- Year built
- 1947
- Zoning
- C6-4
The 120th largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 314 West 40th 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 314 West 40th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 314 West 40th Street is the smallest by office floor area. Built in 1947, it is the newest of them. Its estimated property tax, about $10.20 a square foot of floor area before abatements, is above the neighbors' median of $8.25.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 314 West 40th Street | 68K SF | 5 | 1947 | $10.20 |
| 315 West 39th Street | 120K SF | 16 | 1927 | $7.28 |
| 333 West 39th Street | 86K SF | 14 | 1929 | $8.54 |
| 318 West 39th Street | 97K SF | 12 | 1915 | $7.95 |
| 589 Eighth Avenue | 108K SF | 23 | 1927 | $8.86 |
| 325 West 38th Street | 100K SF | 16 | 1929 | $9.41 |
| 307 West 38th Street | 197K SF | 20 | 1927 | $4.99 |
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
- 314-324 West 40th Street
- ZIP code
- 10018
- Building type
- Office building (city class O2)
- Total floor area
- 68,060 SF
- Commercial floor area
- 68,060 SF
- Office
- 68,060 SF
- Height
- 5 floors
- Average floor
- About 13,600 SF (floor area divided by floors)
- Year built
- 1947
- Lot area
- 14,812 SF
- Zoning district
- C6-4
- Built FAR
- 4.59
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1007630049
Nearest subway
- 42 St-Port Authority Bus Terminal
- 34 St-Penn Station
- 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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists GOULD 40TH STREET as the owner of record. For tax year 2026/27 the city values 314 West 40th Street at $15 million and assesses it at $6.73 million. After phase-ins and exemptions its taxable value is $6.4 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 $694,193 a year before abatements, roughly $10.20 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
- GOULD 40TH STREET
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $14,952,000
- Land market value
- $6,480,000
- Assessed value
- $6,728,400
- Taxable value (phased in)
- $6,399,270
- Estimated yearly tax
- About $694,193
- Tax per SF of floor area
- About $10.20
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 Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 314 West 40th Street in the 12 months to September 2026; the last one was first permitted in September 2022.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- September 2022
- Interior build-outs, last 24 months
- 0
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.
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Questions about 314 West 40th Street
How big is 314 West 40th Street?
314 West 40th Street has about 68,000 square feet of floor area in total, including 68,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 314 West 40th Street built?
City records list 1947 as the year built. The building is 5 floors tall.
What other addresses does 314 West 40th Street have?
City records list 314-324 West 40th Street on the same tax lot (BBL 1007630049) as 314 West 40th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 314 West 40th Street?
314 West 40th 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 314 West 40th Street, New York, NY 10018, in the Garment District.
What is the zoning at 314 West 40th Street?
The lot is in the C6-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.59 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 314 West 40th Street?
The closest subway station to 314 West 40th 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 750 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the A, C and E trains), 6 min walk; 34 St-Penn Station (the 1, 2 and 3 trains), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 314 West 40th Street?
The NYC Department of Finance's 2026/27 assessment roll lists GOULD 40TH STREET as the owner of record of 314 West 40th Street (BBL 1007630049). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Is there construction at 314 West 40th Street?
The Department of Buildings issued no permits for new jobs at 314 West 40th Street in the 12 months to September 2026; the last one was first permitted in September 2022. These are the Department of Buildings' DOB NOW work permits for tax lot 1007630049. 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 314 West 40th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.4 million for 314 West 40th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $694,193 a year, roughly $10.20 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007630049 show the actual bill.
What is the assessed value of 314 West 40th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 314 West 40th Street at $15 million ($6.48 million of it land) and its assessed value at $6.73 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 16% from 2022/23 ($12.9 million) to 2026/27.
Is there office space for lease at 314 West 40th Street?
No space at 314 West 40th 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