Series B fintech needs 8,000 to 12,000 SF
Posted by the tenant · Fintech
- Where
- Midtown South, Flatiron +1
- Size
- 8,000 to 12,000 SF
- Budget
- to $85/SF
- Move in
- Jan 2027
Office condominium · Flatiron, Manhattan
40 West 20th Street, New York, NY 10011
The Crystal Building (40 West 20th Street) is a 12-floor office condominium in Flatiron, Manhattan, built in 1910, with about 95,000 square feet of office space according to city records.
Also at 40-46 West 20th Street.
The 43rd largest of the 75 office buildings we track in Flatiron. Compare it with 6 neighbors
No space at 40 West 20th 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
Next to the 6 nearest large office buildings, all within a 1 minute walk, the Crystal Building ranks 4th of 7 by office floor area. It went up in 1910; the median neighbor dates from 1909. Its property tax is fully exempt on the city's assessment roll.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| Crystal Building, 40 West 20th Street | 95K SF | 12 | 1910 | Exempt |
| 39 West 19th Street | 98K SF | 12 | 1910 | $11.77 |
| 37 West 20th Street | 97K SF | 12 | 1910 | $14.82 |
| Brogan Building, 27 West 20th Street | 92K SF | 12 | 1908 | $10.48 |
| Alexander Building, 636 Avenue of the Americas | 56K SF | 7 | 1896 | $21.83 |
| 54 West 21st Street | 110K SF | 12 | 1910 | $12.78 |
| 38 West 21st Street | 63K SF | 12 | 1908 | $14.68 |
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
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); 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)
Owners registered one storefront at the Crystal Building for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
Need a storefront in Flatiron? 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, summed over the condominium's unit lot that filed, 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
The Crystal Building is a condominium of 3 tax lots. DORMITORY AUTH STATENY (the Dormitory Authority of the State of New York), one of 3 owners of record on the roll, owns the units that make up 50% of its market value. For tax year 2026/27 the city values the Crystal Building at $27.3 million and assesses it at $12.3 million. Exemptions on the roll cover the whole taxable value, which is common for government, nonprofit and payment-in-lieu-of-taxes properties.
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 3 condominium tax lots; owner names as the roll records them, which cuts some long names short), pulled 2026-10-02. Exempt properties can still owe charges or payments in lieu of taxes that the roll does not show.
NYC energy benchmarking (Local Law 84)
The Crystal Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 53.8 kBtu per square foot, about the same as the national median of 53.8 for a similar property. Its greenhouse gas emissions were about 573 metric tons of CO2e (4.97 kg per square foot).
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.
NYC Department of Buildings permits
The Department of Buildings issued no permits for new jobs at the Crystal Building in the 12 months to September 2026; the last one was first permitted in May 2024.
Build-outs across FlatironWhere 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.
Landmarks Preservation Commission records
The Crystal Building was designed by Schwartz & Gross and built in 1910 in the neo-Renaissance style. It stands in the Ladies' Mile Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.
Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.
Nothing is listed nearby yet. The labeled examples below show how a space appears; they are not on the market.
No live requirements for office space in Flatiron yet. These labeled examples show what tenants post. List a space in 40 West 20th Street and we match it against every new one automatically.
Posted by the tenant · Fintech
Posted by the tenant · Software
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The Crystal Building has about 95,000 square feet of floor area in total, including 95,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
The Landmarks Preservation Commission's building records date the Crystal Building to 1910, designed by Schwartz & Gross. The building is 12 floors tall.
Schwartz & Gross, according to the Landmarks Preservation Commission's building records, which list the style as neo-Renaissance and its original use as store and lofts.
The Crystal Building is at 40 West 20th Street in Flatiron, Manhattan. City records list 40-46 West 20th Street on the same tax lot (BBL 1008217501). A space listed on Leasemark at any of these addresses shows up on this page.
40 West 20th Street is in ZIP code 10011, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Crystal Building is at 40 West 20th Street, New York, NY 10011, in Flatiron.
The lot is in the C6-4A zoning district. PLUTO lists a built floor area ratio (FAR) of 9.62 and a maximum commercial FAR of 10 for this lot. It is inside the Ladies' Mile Historic District, so exterior changes go through the Landmarks Preservation Commission.
The closest subway station to the Crystal Building is 23 St (the F and M trains), about 900 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 14 St (the 1, 2, 3, F, M and L trains, connected to 6 Av), 4 min walk; 23 St (the R and W trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
The Crystal Building is a condominium of 3 tax lots. DORMITORY AUTH STATENY (the Dormitory Authority of the State of New York), one of 3 owners of record on the roll, owns the units that make up 50% of its market value. That is from the NYC Department of Finance's 2026/27 assessment roll (BBL 1008217501). Deeds and mortgages for each unit are public in ACRIS, the city's property records system.
The Crystal Building's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (too much of the floor area is classed as other uses), and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 53.8 kBtu per square foot, about the same as the national median of 53.8 for a similar property. Its greenhouse gas emissions were about 573 metric tons of CO2e (4.97 kg per square foot).
The Department of Buildings issued no permits for new jobs at the Crystal Building in the 12 months to September 2026; the last one was first permitted in May 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1008217501. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
The Department of Finance's 2026/27 assessment roll lists exemptions covering the whole taxable value of the Crystal Building (the sum of its 3 condominium tax lots), so there is no property tax on the roll to estimate. That is common for government, nonprofit and payment-in-lieu-of-taxes (PILOT) properties. The city's property tax records for BBL 1008217501 show what is actually billed.
For tax year 2026/27, the NYC Department of Finance puts the market value of the Crystal Building at $27.3 million ($4.98 million of it land) and its assessed value at $12.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 1% from 2022/23 ($27.6 million) to 2026/27.
Owners registered one storefront at the Crystal Building for December 31, 2024, the newest annual filing the city has published, and it was not 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.
No space at 40 West 20th 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.
1,677 buildings from city records
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.