Office building with commercial space · Midtown South, Manhattan

41 West 25th Street

New York, NY 10010

41 West 25th Street is an 11-floor office building with commercial space in Midtown South, Manhattan, built in 1907, with about 45,000 square feet of office space according to city records.

Also at 41-43 West 25th Street.

Office space
45K SF
Floors
11
Year built
1907
Zoning
M1-8A/R11

Office space next to its nearest neighbors

  1. 45 West 25th Street1 min walk81K SF
  2. 30 West 26th Street1 min walk77K SF
  3. 41 West 25th StreetThis building45K SF

The 165th largest of the 184 office buildings we track in Midtown South. Compare it with 6 neighbors

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Compared with its neighbors

How 41 West 25th Street compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 41 West 25th Street is the smallest by office floor area. Built in 1907, it is the oldest of them. Its estimated property tax, about $12.47 a square foot of floor area before abatements, is below the neighbors' median of $14.94.

41 West 25th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
41 West 25th StreetThis building45K SF111907$12.47n/a
45 West 25th Street1 min walk81K SF111909$15.11n/a
30 West 26th Street1 min walk77K SF121909$9.10n/a
40 West 25th Street1 min walk95K SF121913$17.37Mar 2026, $51M
36 West 25th Street1 min walk61K SF161913$10.54n/a
48 West 25th Street1 min walk82K SF121920$16.08Jun 2026, $54M
24 West 25th Street1 min walk105K SF121911$14.77Jun 2026, $71M
The 165th largest of the 184 office buildings we track in Midtown South: see the full list

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
41-43 West 25th Street
ZIP code
10010
Building type
Office building with commercial space (city class O6)
Total floor area
50,000 SF
Commercial floor area
50,000 SF
Office
45,000 SF
Retail
5,000 SF
Height
11 floors
Average floor
About 4,500 SF (floor area divided by floors)
Year built
1907
Last major alteration
1982
Lot area
4,906 SF
Zoning district
M1-8A/R11
Built FAR
10.19
Max commercial FAR
12
Tax lot (BBL)
1008270012

Nearest subway

  • 23 St3 min walk · Not accessible
  • 28 St3 min walk · Not accessible
  • 23 St4 min walk · Not accessible

Nearby large buildings

All 25 large office buildings on West 25th Street

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 41 West 25th 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 25th Street
16.7%
Share vacant citywide
8.7%

Vacant on December 31, by year

  • 20190 of 1
  • 20200 of 1
  • 20210 of 1
  • 20220 of 1
  • 20230 of 1
  • 20240 of 1

Bars show the share of the lot's registered storefronts that stood vacant.

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 HANOVER ESTATES LLC as the owner of record. For tax year 2026/27 the city values 41 West 25th Street at $15 million and assesses it at $6.75 million. After phase-ins and exemptions its taxable value is $5.75 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 $623,673 a year before abatements, roughly $12.47 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
HANOVER ESTATES LLC
Tax class
Class 4 (commercial and industrial)
City market value
$15,003,000
Land market value
$3,530,000
Assessed value
$6,751,350
Taxable value (phased in)
$5,749,200
Estimated yearly tax
About $623,673
Tax per SF of floor area
About $12.47

City market value by tax year

  • 2022/23$10 million
  • 2023/24$11.7 million
  • 2024/25$13 million
  • 2025/26$14.2 million
  • 2026/27$15 million

Market value rose 50% from 2022/23 ($10 million) to 2026/27.

How Midtown South compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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 41 West 25th Street? List a space here free and we match it against every active requirement.

NYC energy benchmarking (Local Law 84)

Energy use and emissions

41 West 25th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 37.9 kBtu per square foot, 41% below the national median of 64.5 for a similar property. Its greenhouse gas emissions were about 475 metric tons of CO2e (3.02 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
37.9 kBtu/SF
National median for the type
64.5 kBtu/SF
Greenhouse gas emissions
475 t CO2e
Emissions per SF
3.02 kg CO2e
Floor area in the filing
157,152 SF
Tax lots in the filing
2

Energy sources in 2024

  • Natural gas57%
  • Electricity43%

Share of the energy used on site, as filed.

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, one filing for 2 tax lots), 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.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2024 energy use, 41 West 25th Street comes to about 397 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,191 tons for 2024 to 2029 (33% of the limit), so it would owe no penalty. From 2030 the limit drops to 412 tons and the same energy use counts as about 289 tons, still under the limit.

Period
2024 to 2029
Emissions limit
1,191 t CO2e
Estimated emissions
397 t CO2e
Under the limit by
794 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
412 t CO2e
Estimated emissions
289 t CO2e
Under the limit by
123 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 138,673 SF; Retail Store 18,479 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. The filing covers 2 tax lots together, so these figures are for the whole property.

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 41 West 25th 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 4 jobs at 41 West 25th Street. In the last two years, interior work was permitted on 2 floors (floors 4 and 11). The newest build-out, on floor 4, was first permitted in August 2026 (construction, mechanical, sprinklers; filed cost estimate $200,000).

New jobs, last 12 months
4
Initial permits, last 12 months
7
Newest job first permitted
August 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
4 and 11
Facade and sidewalk jobs, last 24 months
2

Recent build-outs

  • Floor 4August 2026Construction, Mechanical, Sprinklers; 2 jobs; est. $200,000
  • Floor 11April 2026Construction, Mechanical, Plumbing, Sprinklers; 2 jobs; est. $373,000

New jobs by year

  • 20210
  • 20220
  • 20230
  • 20241
  • 20252
  • 2026 to date4

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.

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 41 West 25th Street and we match it against every new one automatically.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

Questions about 41 West 25th Street

How big is 41 West 25th Street?

41 West 25th Street has about 50,000 square feet of floor area in total, including 45,000 square feet of office and 5,000 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 41 West 25th Street built?

City records list 1907 as the year built, with a major alteration recorded in 1982. The building is 11 floors tall.

What other addresses does 41 West 25th Street have?

City records list 41-43 West 25th Street on the same tax lot (BBL 1008270012) as 41 West 25th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 41 West 25th Street?

41 West 25th Street is in ZIP code 10010, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 41 West 25th Street, New York, NY 10010, in Midtown South.

What is the zoning at 41 West 25th Street?

The lot is in the M1-8A/R11 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.19 and a maximum commercial FAR of 12 for this lot.

What subway station is closest to 41 West 25th Street?

The closest subway station to 41 West 25th Street is 23 St (the F and M trains), about 700 feet away in a straight line, roughly 3 minutes on foot. Also nearby: 28 St (the R and W trains), 3 min walk; 23 St (the R and W trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 41 West 25th Street?

The NYC Department of Finance's 2026/27 assessment roll lists HANOVER ESTATES LLC as the owner of record of 41 West 25th Street (BBL 1008270012). 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.

Does 41 West 25th Street have an energy grade?

41 West 25th Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (a campus of several buildings cannot get a score), 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 37.9 kBtu per square foot, 41% below the national median of 64.5 for a similar property. Its greenhouse gas emissions were about 475 metric tons of CO2e (3.02 kg per square foot). The filing covers 2 tax lots together, so these figures are for the whole property.

Does 41 West 25th Street meet Local Law 97?

At its 2024 energy use, 41 West 25th Street comes to about 397 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,191 tons for 2024 to 2029 (33% of the limit), so it would owe no penalty. From 2030 the limit drops to 412 tons and the same energy use counts as about 289 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 41 West 25th Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at 41 West 25th Street. In the last two years, interior work was permitted on 2 floors (floors 4 and 11). The newest build-out, on floor 4, was first permitted in August 2026 (construction, mechanical, sprinklers; filed cost estimate $200,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008270012. 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 41 West 25th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.75 million for 41 West 25th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $623,673 a year, roughly $12.47 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008270012 show the actual bill.

What is the assessed value of 41 West 25th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 41 West 25th Street at $15 million ($3.53 million of it land) and its assessed value at $6.75 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 50% from 2022/23 ($10 million) to 2026/27.

Are there vacant storefronts at 41 West 25th Street?

Owners registered one storefront at 41 West 25th 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 41 West 25th Street?

No space at 41 West 25th 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.

2,180 buildings from city records

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