Want · Office
Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- May 2027
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Commercial condominium · Midtown, Manhattan
32 West 39th Street
New York, NY 10018
32 West 39th Street is a 14-floor commercial condominium in Midtown, Manhattan, built in 1925, with about 54,000 square feet of office space according to city records.
- Office space
- 54K SF
- Floors
- 14
- Year built
- 1925
- Zoning
- M1-9A/R12
The 305th largest of the 315 office buildings we track in Midtown. Compare it with 6 neighbors
No space at 32 West 39th 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 32 West 39th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 32 West 39th Street is the smallest by office floor area. It went up in 1925; the median neighbor dates from 1914. Its estimated property tax, about $13.17 a square foot of floor area before abatements, is above the neighbors' median of $9.02.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 32 West 39th Street | 54K SF | 14 | 1925 | $13.17 |
| 29 West 38th Street | 89K SF | 16 | 1912 | $9.56 |
| 42 West 39th Street | 147K SF | 19 | 1927 | $7.35 |
| 21 West 38th Street | 62K SF | 17 | 1917 | $8.75 |
| Engineering Societies' Building, 25 West 39th Street | 198K SF | 16 | 1906 | $13.55 |
| 15 West 39th Street | 74K SF | 16 | 1925 | $8.25 |
| Barbey Building, 15 West 38th Street | 60K SF | 12 | 1909 | $9.29 |
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
- ZIP code
- 10018
- Building type
- Commercial condominium (city class RC)
- Total floor area
- 67,799 SF
- Commercial floor area
- 67,799 SF
- Office
- 53,816 SF
- Retail
- 12,451 SF
- Industrial and storage
- 1,532 SF
- Height
- 14 floors
- Average floor
- About 4,800 SF (floor area divided by floors)
- Year built
- 1925
- Last major alteration
- 1989
- Lot area
- 7,406 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 9.15
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008407503
Nearest subway
- 42 St-Bryant Pk
- Times Sq-42 St
- 34 St-Herald Sq
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; 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
32 West 39th Street is a condominium of 17 tax lots with 8 owners of record, none holding half of its market value. For tax year 2026/27 the city values 32 West 39th Street at $19.2 million and assesses it at $8.66 million. After phase-ins and exemptions its taxable value is $8.23 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 $893,002 a year before abatements, roughly $13.17 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $19,236,893
- Land market value
- $4,110,000
- Assessed value
- $8,656,603
- Taxable value (phased in)
- $8,231,955
- Estimated yearly tax
- About $893,002
- Tax per SF of floor area
- About $13.17
- Condominium tax lots
- 17
- Owners of record
- 8
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 17 condominium tax lots; 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
32 West 39th Street reported an ENERGY STAR score of 93 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 53.3 kBtu per square foot, less than half the national median of 125.9 for a similar property. Its greenhouse gas emissions were about 306 metric tons of CO2e (4.51 kg per square foot).
- ENERGY STAR score (2024)
- 93 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 53.3 kBtu/SF
- National median for the type
- 125.9 kBtu/SF
- Greenhouse gas emissions
- 306 t CO2e
- Emissions per SF
- 4.51 kg CO2e
- Floor area in the filing
- 67,799 SF
Energy sources in 2024
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.
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 32 West 39th Street and we match it against every new one automatically.
Want · Office
Hedge fund, Hudson Yards or Plaza
Posted by a tenant rep broker · Finance
- Where
- Hudson Yards, Midtown
- Size
- 15,000 to 22,000 SF
- Budget
- to $140/SF
- Move in
- Jul 2027
24/7 access
Owners: got a fit?I have a fit
Before you sign
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Questions about 32 West 39th Street
How big is 32 West 39th Street?
32 West 39th Street has about 68,000 square feet of floor area in total, including 54,000 square feet of office, 12,000 square feet of retail and 2,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 32 West 39th Street built?
City records list 1925 as the year built, with a major alteration recorded in 1989. The building is 14 floors tall.
What is the ZIP code of 32 West 39th Street?
32 West 39th 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 32 West 39th Street, New York, NY 10018, in Midtown.
What is the zoning at 32 West 39th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.15 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 32 West 39th Street?
The closest subway station to 32 West 39th Street is 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), about 800 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 32 West 39th Street?
32 West 39th Street is a condominium of 17 tax lots with 8 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1008407503). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
What is the energy grade of 32 West 39th Street?
32 West 39th Street reported an ENERGY STAR score of 93 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 93 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 53.3 kBtu per square foot, less than half the national median of 125.9 for a similar property. Its greenhouse gas emissions were about 306 metric tons of CO2e (4.51 kg per square foot).
What are the property taxes at 32 West 39th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $8.23 million for 32 West 39th Street (the sum of its 17 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 $893,002 a year, roughly $13.17 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008407503 show the actual bill.
What is the assessed value of 32 West 39th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 32 West 39th Street at $19.2 million ($4.11 million of it land) and its assessed value at $8.66 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 3% from 2024/25 ($19.8 million) to 2026/27.
Is there office space for lease at 32 West 39th Street?
No space at 32 West 39th 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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Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq