Office building with commercial space · Garment District, Manhattan
325 West 38th Street
New York, NY 10018
325 West 38th Street is a 16-floor office building with commercial space in the Garment District, Manhattan, built in 1929, with about 100,000 square feet of office space according to city records.
Also at 323-327 West 38th Street.
- Office space
- 100K SF
- Floors
- 16
- Year built
- 1929
- Zoning
- C6-4M
The 87th largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 325 West 38th 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 325 West 38th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 325 West 38th Street ranks 4th of 7 by office floor area. It went up in 1929; the median neighbor dates from 1927. Its estimated property tax, about $9.41 a square foot of floor area before abatements, is above the neighbors' median of $8.25.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 325 West 38th Street | 100K SF | 16 | 1929 | $9.41 |
| 318 West 39th Street | 97K SF | 12 | 1915 | $7.95 |
| 307 West 38th Street | 197K SF | 20 | 1927 | $4.99 |
| 330 West 38th Street | 75K SF | 16 | 1928 | $9.72 |
| 315 West 39th Street | 120K SF | 16 | 1927 | $7.28 |
| 333 West 39th Street | 86K SF | 14 | 1929 | $8.54 |
| 575 Eighth Avenue | 197K SF | 23 | 1925 | $9.90 |
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
- 323-327 West 38th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 110,188 SF
- Commercial floor area
- 110,188 SF
- Office
- 99,988 SF
- Retail
- 10,200 SF
- Height
- 16 floors
- Average floor
- About 6,900 SF (floor area divided by floors)
- Year built
- 1929
- Lot area
- 7,801 SF
- Zoning district
- C6-4M
- Built FAR
- 14.12
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1007620019
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 3 storefronts at 325 West 38th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 3
- Vacant that day
- 0
- Share vacant across the Garment District
- 14.0%
- Share vacant along West 38th Street
- 7.1%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in the Garment District? Get matchedStorefront vacancy across New York City
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 NINHURSAG PROPERTIES LLC as the owner of record. For tax year 2026/27 the city values 325 West 38th Street at $23 million and assesses it at $10.3 million. After phase-ins and exemptions its taxable value is $9.56 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 $1.04 million a year before abatements, roughly $9.41 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
- NINHURSAG PROPERTIES LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $22,960,000
- Land market value
- $1,360,000
- Assessed value
- $10,332,000
- Taxable value (phased in)
- $9,563,220
- Estimated yearly tax
- About $1.04 million
- Tax per SF of floor area
- About $9.41
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
325 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 50.1 kBtu per square foot, less than half the national median of 127 for a similar property. Its greenhouse gas emissions were about 393 metric tons of CO2e (3.57 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
- 50.1 kBtu/SF
- National median for the type
- 127 kBtu/SF
- Greenhouse gas emissions
- 393 t CO2e
- Emissions per SF
- 3.57 kg CO2e
- Floor area in the filing
- 110,188 SF
ENERGY STAR score by year
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.
Before you sign
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Questions about 325 West 38th Street
How big is 325 West 38th Street?
325 West 38th Street has about 110,000 square feet of floor area in total, including 100,000 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 325 West 38th Street built?
City records list 1929 as the year built. The building is 16 floors tall.
What other addresses does 325 West 38th Street have?
City records list 323-327 West 38th Street on the same tax lot (BBL 1007620019) as 325 West 38th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 325 West 38th Street?
325 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 325 West 38th Street, New York, NY 10018, in the Garment District.
What is the zoning at 325 West 38th Street?
The lot is in the C6-4M zoning district. PLUTO lists a built floor area ratio (FAR) of 14.12 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 325 West 38th Street?
The closest subway station to 325 West 38th 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 0.2 miles away in a straight line, roughly 4 minutes on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the A, C and E trains), 4 min walk; 34 St-Penn Station (the 1, 2 and 3 trains), 7 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 325 West 38th Street?
The NYC Department of Finance's 2026/27 assessment roll lists NINHURSAG PROPERTIES LLC as the owner of record of 325 West 38th Street (BBL 1007620019). 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 325 West 38th Street?
325 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 50.1 kBtu per square foot, less than half the national median of 127 for a similar property. Its greenhouse gas emissions were about 393 metric tons of CO2e (3.57 kg per square foot).
What are the property taxes at 325 West 38th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.56 million for 325 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 $1.04 million a year, roughly $9.41 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007620019 show the actual bill.
What is the assessed value of 325 West 38th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 325 West 38th Street at $23 million ($1.36 million of it land) and its assessed value at $10.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($19.1 million) to 2026/27.
Are there vacant storefronts at 325 West 38th Street?
Owners registered 3 storefronts at 325 West 38th Street for December 31, 2024, the newest annual filing the city has published, and none stood 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 325 West 38th Street?
No space at 325 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.
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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