Want · Office
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
Near subwayHigh ceilings
Owners: got a fit?I have a fit
Office building with commercial space · Midtown South, Manhattan
40 West 27th Street
New York, NY 10001
40 West 27th Street is a 12-floor office building with commercial space in Midtown South, Manhattan, built in 1910, with about 44,000 square feet of office space according to city records.
Also at 40-42 West 27th Street.
- Office space
- 44K SF
- Floors
- 12
- Year built
- 1910
- Zoning
- M1-8A/R11
The 167th largest of the 184 office buildings we track in Midtown South. Compare it with 6 neighbors
No space at 40 West 27th 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. Nothing free right now? Get tenant alerts for Midtown South and hear the moment a tenant posts a requirement there.
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Compared with its neighbors
How 40 West 27th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 40 West 27th Street is the smallest by office floor area. It went up in 1910; the median neighbor dates from 1909. Its estimated property tax, about $9.00 a square foot of floor area before abatements, is below the neighbors' median of $10.63.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 40 West 27th Street | 44K SF | 12 | 1910 | $9.00 | n/a |
| 34 West 27th Street | 58K SF | 12 | 1912 | $10.34 | n/a |
| 37 West 26th Street | 93K SF | 12 | 1909 | $7.84 | n/a |
| 28 West 27th Street | 58K SF | 12 | 1909 | $10.93 | n/a |
| 45 West 27th Street | 50K SF | 12 | 1910 | $17.32 | Sep 2015, $43.1M |
| 49 West 27th Street | 77K SF | 10 | 1883 | $12.92 | n/a |
| 22 West 27th Street | 49K SF | 12 | 1909 | $8.46 | Jun 2012, $10.6M |
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 address
- 40-42 West 27th Street
- ZIP code
- 10001
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 48,321 SF
- Commercial floor area
- 48,321 SF
- Office
- 44,321 SF
- Retail
- 4,000 SF
- Height
- 12 floors
- Average floor
- About 4,000 SF (floor area divided by floors)
- Year built
- 1910
- Lot area
- 4,050 SF
- Zoning district
- M1-8A/R11
- Built FAR
- 11.93
- Max commercial FAR
- 12
- Historic district
- Madison Square North Historic District
- Tax lot (BBL)
- 1008280070
Nearest subway
- 28 St
- 23 St
- 28 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 40 West 27th Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Midtown South
- 12.7%
- Share vacant along West 27th Street
- 24.0%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Midtown South? 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 2026-10-08. 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 DEZER PROPERTIES 40 LLC as the owner of record. For tax year 2026/27 the city values 40 West 27th Street at $9.87 million and assesses it at $4.44 million. After phase-ins and exemptions its taxable value is $4.01 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 $434,687 a year before abatements, roughly $9.00 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
- DEZER PROPERTIES 40 LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $9,872,000
- Land market value
- $2,500,000
- Assessed value
- $4,442,400
- Taxable value (phased in)
- $4,007,070
- Estimated yearly tax
- About $434,687
- Tax per SF of floor area
- About $9.00
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.
Own or manage 40 West 27th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
40 West 27th Street reported an ENERGY STAR score of 95 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 52 kBtu per square foot, less than half the national median of 137.8 for a similar property. Its greenhouse gas emissions were about 210 metric tons of CO2e (4.38 kg per square foot).
- ENERGY STAR score (2024)
- 95 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 52 kBtu/SF
- National median for the type
- 137.8 kBtu/SF
- Greenhouse gas emissions
- 210 t CO2e
- Emissions per SF
- 4.38 kg CO2e
- Floor area in the filing
- 48,000 SF
- ENERGY STAR certified
- 2019, 2020, 2021, 2022, 2024, 2025
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 2026-10-08; 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 West 27th Street comes to about 192 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 364 tons for 2024 to 2029 (53% of the limit), so it would owe no penalty. From 2030 the limit drops to 129 tons and the same energy use counts as about 166 tons, about 37 tons over, or an estimated $9,900 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 364 t CO2e
- Estimated emissions
- 192 t CO2e
- Under the limit by
- 172 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 129 t CO2e
- Estimated emissions
- 166 t CO2e
- Over the limit by
- 37 t CO2e
- Estimated penalty a year
- $9,900
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 48,000 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.
Own or manage 40 West 27th Street? List a space here free and we match it against every active requirement.
Landmarks Preservation Commission records
Architecture and history
40 West 27th Street was designed by Buchman & Fox and built in 1909-1910 in the Beaux-Arts style. It stands in the Madison Square North Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.
- Architect
- Buchman & Fox
- Constructed
- 1909-1910
- Style
- Beaux-Arts
- Primary material
- Steel frame
- Built as
- Lofts
Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-08. A designation can cover part of a lot, such as a facade or a lobby interior.
Office space nearby in Midtown South
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 South yet. These labeled examples show what tenants post. List a space in 40 West 27th Street and we match it against every new one automatically.
Want · Office
Startup seeking furnished sublease
Posted by the tenant · Software
- Where
- Flatiron, Midtown South +1
- Size
- 6,000 to 11,000 SF
- Budget
- to $60/SF
- Move in
- Nov 2026
Furnished
Owners: got a fit?I have a fit
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Questions about 40 West 27th Street
How big is 40 West 27th Street?
40 West 27th Street has about 48,000 square feet of floor area in total, including 44,000 square feet of office and 4,000 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 West 27th Street built?
The Landmarks Preservation Commission's building records date 40 West 27th Street to 1909-1910, designed by Buchman & Fox. The building is 12 floors tall.
Who designed 40 West 27th Street?
Buchman & Fox, according to the Landmarks Preservation Commission's building records, which list the style as Beaux-Arts and its original use as lofts.
What other addresses does 40 West 27th Street have?
City records list 40-42 West 27th Street on the same tax lot (BBL 1008280070) as 40 West 27th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 40 West 27th Street?
40 West 27th Street is in ZIP code 10001, 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 West 27th Street, New York, NY 10001, in Midtown South.
What is the zoning at 40 West 27th Street?
The lot is in the M1-8A/R11 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.93 and a maximum commercial FAR of 12 for this lot. It is inside the Madison Square North Historic District, so exterior changes go through the Landmarks Preservation Commission.
What subway station is closest to 40 West 27th Street?
The closest subway station to 40 West 27th Street is 28 St (the R and W trains), about 500 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 23 St (the F and M trains), 4 min walk; 28 St (the 1 train), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 40 West 27th Street?
The NYC Department of Finance's 2026/27 assessment roll lists DEZER PROPERTIES 40 LLC as the owner of record of 40 West 27th Street (BBL 1008280070). 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 40 West 27th Street?
40 West 27th Street reported an ENERGY STAR score of 95 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 95 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 52 kBtu per square foot, less than half the national median of 137.8 for a similar property. Its greenhouse gas emissions were about 210 metric tons of CO2e (4.38 kg per square foot).
Does 40 West 27th Street meet Local Law 97?
At its 2024 energy use, 40 West 27th Street comes to about 192 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 364 tons for 2024 to 2029 (53% of the limit), so it would owe no penalty. From 2030 the limit drops to 129 tons and the same energy use counts as about 166 tons, about 37 tons over, or an estimated $9,900 a year unless the building cuts its emissions. 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.
What are the property taxes at 40 West 27th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.01 million for 40 West 27th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $434,687 a year, roughly $9.00 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008280070 show the actual bill.
What is the assessed value of 40 West 27th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 40 West 27th Street at $9.87 million ($2.5 million of it land) and its assessed value at $4.44 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 20% from 2022/23 ($8.24 million) to 2026/27.
Are there vacant storefronts at 40 West 27th Street?
Owners registered one storefront at 40 West 27th Street 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.
Is there office space for lease at 40 West 27th Street?
No space at 40 West 27th 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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Midtown South
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- R W at 28 St
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