Office condominium · Financial District, Manhattan
40 Rector Street
New York, NY 10006
40 Rector Street is an 18-floor office condominium in the Financial District, Manhattan, built in 1921, with about 389,000 square feet of office space according to city records.
Also at 30-40 Rector Street, 94-106 Washington Street, 57-69 West Street and 60 West Street.
- Office space
- 389K SF
- Floors
- 18
- Year built
- 1921
- Zoning
- C6-9
The 57th largest of the 106 office buildings we track in the Financial District. Compare it with 6 neighbors
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Compared with its neighbors
How 40 Rector Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 40 Rector Street ranks 4th of 7 by office floor area. It went up in 1921; the median neighbor dates from 1919. Its estimated property tax, about $3.22 a square foot of floor area before abatements, is below the neighbors' median of $7.62.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 40 Rector Street | 389K SF | 18 | 1921 | $3.22 | n/a |
| 101 Greenwich Street | 390K SF | 26 | 1907 | $9.84 | Jan 2026, $105M |
| 68 Trinity Place | 137K SF | 27 | 2017 | $5.59 | n/a |
| New York Curb Exchange, 86 Trinity Place | 182K SF | 14 | 1921 | $6.07 | Oct 2021, $155M |
| American Express Company Building, 65 Broadway | 330K SF | 21 | 1917 | $7.62 | Jan 2015, $45.3M |
| Adams Express Building, 61 Broadway | 633K SF | 33 | 1913 | $7.93 | May 2014, $330M |
| 200 Liberty Street | 1.4M SF | 40 | 1986 | Exempt | n/a |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 30-40 Rector Street; 94-106 Washington Street; 57-69 West Street; 60 West Street
- ZIP code
- 10006
- Building type
- Office condominium (city class RB)
- Total floor area
- 406,421 SF
- Commercial floor area
- 406,421 SF
- Office
- 389,182 SF
- Retail
- 17,239 SF
- Height
- 18 floors
- Average floor
- About 22,600 SF (floor area divided by floors)
- Year built
- 1921
- Lot area
- 30,080 SF
- Zoning district
- C6-9
- Built FAR
- 13.51
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1000557501
Nearest subway
- Rector St
- Rector St
- Wall St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 4 storefronts at 40 Rector Street for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 4
- Vacant that day
- 0
- Share vacant across the Financial District
- 16.3%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 4
Vacant on December 31, by year
Need a storefront in the Financial District? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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, summed over the condominium's unit lots that filed, as the owners filed them. The 2025 filing was due June 1, 2026, 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
40 Rector Street is a condominium of 28 tax lots with 17 owners of record, none holding half of its market value. For tax year 2026/27 the city values 40 Rector Street at $70.2 million and assesses it at $31.6 million. After phase-ins and exemptions its taxable value is $12.1 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 $1.31 million a year before abatements, roughly $3.22 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
- $70,200,004
- Land market value
- $18,000,054
- Assessed value
- $31,590,003
- Taxable value (phased in)
- $30,863,254
- Exemptions
- $18,795,923
- Estimated yearly tax
- About $1.31 million
- Tax per SF of floor area
- About $3.22
- Condominium tax lots
- 28
- Owners of record
- 17
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 28 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; 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.
Own or manage 40 Rector Street? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
40 Rector Street reported an ENERGY STAR score of 84 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 43.5 kBtu per square foot, 42% below the national median of 75.5 for a similar property. Its greenhouse gas emissions were about 2,395 metric tons of CO2e (5.01 kg per square foot).
- ENERGY STAR score (2024)
- 84 of 100
- Grade this score earns (Local Law 33)
- B (70 to 84)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 43.5 kBtu/SF
- National median for the type
- 75.5 kBtu/SF
- Greenhouse gas emissions
- 2,395 t CO2e
- Emissions per SF
- 5.01 kg CO2e
- Floor area in the filing
- 478,239 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 2026-10-16; 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.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 40 Rector Street comes to about 1,763 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,636 tons for 2024 to 2029 (48% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,300 tons and the same energy use counts as about 884 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 3,636 t CO2e
- Estimated emissions
- 1,763 t CO2e
- Under the limit by
- 1,873 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 1,300 t CO2e
- Estimated emissions
- 884 t CO2e
- Under the limit by
- 415 t CO2e
- Estimated penalty a year
- None
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 475,661 SF; Food Service 2,578 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.
Own or manage 40 Rector Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 40 Rector Street. In the last two years, interior work was permitted on 2 floors (floors 5 and 9 and the cellar). The newest build-out, on floor 5, was first permitted in February 2026 (construction, mechanical, sprinklers; filed cost estimate $78,000). A sidewalk shed permit here is active until January 7, 2027.
- New jobs, last 12 months
- 5
- Initial permits, last 12 months
- 6
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 3
- Floors with interior work, last 24 months
- 5 and 9, cellar
- Facade and sidewalk jobs, last 24 months
- 1
- Sidewalk shed permit
- Active until Jan 7, 2027
Recent build-outs
New jobs by year
Build-outs across the Financial DistrictWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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 40 Rector Street
How big is 40 Rector Street?
40 Rector Street has about 406,000 square feet of floor area in total, including 389,000 square feet of office and 17,000 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 40 Rector Street built?
City records list 1921 as the year built. The building is 18 floors tall.
What other addresses does 40 Rector Street have?
City records list 30-40 Rector Street, 94-106 Washington Street, 57-69 West Street and 60 West Street on the same tax lot (BBL 1000557501) as 40 Rector Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 40 Rector Street?
40 Rector Street is in ZIP code 10006, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 40 Rector Street, New York, NY 10006, in the Financial District.
What is the zoning at 40 Rector Street?
The lot is in the C6-9 zoning district. PLUTO lists a built floor area ratio (FAR) of 13.51 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 40 Rector Street?
The closest subway station to 40 Rector Street is Rector St (the 1 train), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Rector St (the R and W trains), 2 min walk; Wall St (the 4 and 5 trains), 3 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 40 Rector Street?
40 Rector Street is a condominium of 28 tax lots with 17 owners of record, none holding half of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1000557501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
What is the energy grade of 40 Rector Street?
40 Rector Street reported an ENERGY STAR score of 84 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 84 earns a B. 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 43.5 kBtu per square foot, 42% below the national median of 75.5 for a similar property. Its greenhouse gas emissions were about 2,395 metric tons of CO2e (5.01 kg per square foot).
Does 40 Rector Street meet Local Law 97?
At its 2024 energy use, 40 Rector Street comes to about 1,763 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 3,636 tons for 2024 to 2029 (48% of the limit), so it would owe no penalty. From 2030 the limit drops to 1,300 tons and the same energy use counts as about 884 tons, still under the limit. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
Is there construction at 40 Rector Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 5 jobs at 40 Rector Street. In the last two years, interior work was permitted on 2 floors (floors 5 and 9 and the cellar). The newest build-out, on floor 5, was first permitted in February 2026 (construction, mechanical, sprinklers; filed cost estimate $78,000). A sidewalk shed permit here is active until January 7, 2027. These are the Department of Buildings' DOB NOW work permits for tax lot 1000557501. 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 40 Rector Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $12.1 million for 40 Rector Street (the sum of its 28 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 $1.31 million a year, roughly $3.22 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1000557501 show the actual bill.
What is the assessed value of 40 Rector Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 40 Rector Street at $70.2 million ($18 million of it land) and its assessed value at $31.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 4% from 2024/25 ($67.3 million) to 2026/27.
Are there vacant storefronts at 40 Rector Street?
Owners registered 4 storefronts at 40 Rector Street for December 31, 2025, 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 40 Rector Street?
No space at 40 Rector 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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