Office building with commercial space · Garment District, Manhattan
341 West 38th Street
New York, NY 10018
341 West 38th Street is a 12-floor office building with commercial space in the Garment District, Manhattan, built in 1925, with about 46,000 square feet of office space according to city records.
Also at 339-343 West 38th Street.
- Office space
- 46K SF
- Floors
- 12
- Year built
- 1925
- Zoning
- C6-4M
The 146th largest of the 155 office buildings we track in the Garment District. Compare it with 6 neighbors
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Compared with its neighbors
How 341 West 38th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 341 West 38th Street is the smallest by office floor area. It went up in 1925; the median neighbor dates from 1927. Its estimated property tax, about $9.95 a square foot of floor area before abatements, is above the neighbors' median of $8.25.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 341 West 38th Street | 46K SF | 12 | 1925 | $9.95 |
| 330 West 38th Street | 75K SF | 16 | 1928 | $9.72 |
| 325 West 38th Street | 100K SF | 16 | 1929 | $9.41 |
| 318 West 39th Street | 97K SF | 12 | 1915 | $7.95 |
| 333 West 39th Street | 86K SF | 14 | 1929 | $8.54 |
| 315 West 39th Street | 120K SF | 16 | 1927 | $7.28 |
| 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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 339-343 West 38th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 54,935 SF
- Commercial floor area
- 54,935 SF
- Office
- 46,435 SF
- Retail
- 8,500 SF
- Height
- 12 floors
- Average floor
- About 4,600 SF (floor area divided by floors)
- Year built
- 1925
- Last major alteration
- 2021
- Lot area
- 7,406 SF
- Zoning district
- C6-4M
- Built FAR
- 7.42
- Max commercial FAR
- 10
- Tax lot (BBL)
- 1007620011
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 2026-10-05; 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
The Department of Finance lists CENTRAL PROPERTIES OWNER LLC as the owner of record. For tax year 2026/27 the city values 341 West 38th Street at $11.6 million and assesses it at $5.2 million. After phase-ins and exemptions its taxable value is $5.04 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 $546,456 a year before abatements, roughly $9.95 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
- CENTRAL PROPERTIES OWNER LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $11,561,000
- Land market value
- $1,347,000
- Assessed value
- $5,202,450
- Taxable value (phased in)
- $5,037,390
- Estimated yearly tax
- About $546,456
- Tax per SF of floor area
- About $9.95
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 2026-10-08; 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 Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 341 West 38th Street in the 12 months to October 2026; the last one was first permitted in April 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- April 2023
- 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 2026-10-08 (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.
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Questions about 341 West 38th Street
How big is 341 West 38th Street?
341 West 38th Street has about 55,000 square feet of floor area in total, including 46,000 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 341 West 38th Street built?
City records list 1925 as the year built, with a major alteration recorded in 2021. The building is 12 floors tall.
What other addresses does 341 West 38th Street have?
City records list 339-343 West 38th Street on the same tax lot (BBL 1007620011) as 341 West 38th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 341 West 38th Street?
341 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 341 West 38th Street, New York, NY 10018, in the Garment District.
What is the zoning at 341 West 38th Street?
The lot is in the C6-4M zoning district. PLUTO lists a built floor area ratio (FAR) of 7.42 and a maximum commercial FAR of 10 for this lot.
What subway station is closest to 341 West 38th Street?
The closest subway station to 341 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), 5 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 341 West 38th Street?
The NYC Department of Finance's 2026/27 assessment roll lists CENTRAL PROPERTIES OWNER LLC as the owner of record of 341 West 38th Street (BBL 1007620011). 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.
Is there construction at 341 West 38th Street?
The Department of Buildings issued no permits for new jobs at 341 West 38th Street in the 12 months to October 2026; the last one was first permitted in April 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 1007620011. 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 341 West 38th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.04 million for 341 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 $546,456 a year, roughly $9.95 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007620011 show the actual bill.
What is the assessed value of 341 West 38th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 341 West 38th Street at $11.6 million ($1.35 million of it land) and its assessed value at $5.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 21% from 2022/23 ($9.57 million) to 2026/27.
Is there office space for lease at 341 West 38th Street?
No space at 341 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