Office building with commercial space · Garment District, Manhattan
421 Seventh Avenue
New York, NY 10001
421 Seventh Avenue is a 14-floor office building with commercial space in the Garment District, Manhattan, built in 1926, with about 59,000 square feet of office space according to city records.
Also at 421-423 Seventh Avenue and 157-161 West 33rd Street.
- Office space
- 59K SF
- Floors
- 14
- Year built
- 1926
- Zoning
- C6-6
The 133rd largest of the 140 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 421 Seventh Avenue 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
How 421 Seventh Avenue compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, 421 Seventh Avenue is the smallest by office floor area. It went up in 1926; the median neighbor dates from 1928. Its estimated property tax, about $40.89 a square foot of floor area before abatements, is above the neighbors' median of $13.94.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 421 Seventh Avenue | 59K SF | 14 | 1926 | $40.89 |
| 132 West 32nd Street | 91K SF | 18 | 1960 | $17.64 |
| Nelson Tower, 450 Seventh Avenue | 474K SF | 46 | 1930 | $10.60 |
| 11 Penn Plaza, 393 Seventh Avenue | 1.1M SF | 26 | 1926 | $15.88 |
| 112 West 34th Street | 708K SF | 25 | 1954 | $19.40 |
| 212 West 35th Street | 81K SF | 16 | 1924 | $7.06 |
| 463 Seventh Avenue | 391K SF | 22 | 1925 | $12.01 |
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
Building facts
- Other addresses
- 421-423 Seventh Avenue; 157-161 West 33rd Street
- ZIP code
- 10001
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 67,114 SF
- Commercial floor area
- 67,114 SF
- Office
- 58,614 SF
- Retail
- 8,500 SF
- Height
- 14 floors
- Average floor
- About 4,800 SF (floor area divided by floors)
- Year built
- 1926
- Last major alteration
- 2015
- Lot area
- 5,446 SF
- Zoning district
- C6-6
- Built FAR
- 12.32
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008090001
Nearest subway
- 34 St-Penn Station
- 34 St-Herald Sq
- 34 St-Penn Station
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; 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)
Storefronts and vacancy
Owners registered 4 storefronts at 421 Seventh Avenue for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 4
- Vacant that day
- 0
- Share vacant across the Garment District
- 14.0%
- Share vacant along Seventh Avenue
- 13.8%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in the Garment District? 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, 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 421 SEVENTH AVENUE as the owner of record. For tax year 2026/27 the city values 421 Seventh Avenue at $58.5 million and assesses it at $26.3 million. After phase-ins and exemptions its taxable value is $25.3 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 $2.74 million a year before abatements, roughly $40.89 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
- 421 SEVENTH AVENUE
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $58,473,000
- Land market value
- $7,095,000
- Assessed value
- $26,312,850
- Taxable value (phased in)
- $25,300,070
- Estimated yearly tax
- About $2.74 million
- Tax per SF of floor area
- About $40.89
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 2026-10-02; 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.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
421 Seventh Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR 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 105.8 kBtu per square foot, 2.1 times the national median of 49.6 for a similar property. Its greenhouse gas emissions were about 765 metric tons of CO2e (10.65 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 105.8 kBtu/SF
- National median for the type
- 49.6 kBtu/SF
- Greenhouse gas emissions
- 765 t CO2e
- Emissions per SF
- 10.65 kg CO2e
- Floor area in the filing
- 71,811 SF
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 2026-10-02; 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
Work permits and build-outs
In the 12 months to September 2026, the Department of Buildings issued first permits for 4 jobs at 421 Seventh Avenue. In the last two years, interior work was permitted on one floor (floor 1, the cellar and the ground floor). The newest build-out, on the ground floor, was first permitted in June 2026 (construction; filed cost estimate $5,000).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 4
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1, cellar, ground floor
- Facade and sidewalk jobs, last 24 months
- 2
Recent build-outs
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 2026-10-02 (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.
Before you sign
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Questions about 421 Seventh Avenue
How big is 421 Seventh Avenue?
421 Seventh Avenue has about 67,000 square feet of floor area in total, including 59,000 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 421 Seventh Avenue built?
City records list 1926 as the year built, with a major alteration recorded in 2015. The building is 14 floors tall.
What other addresses does 421 Seventh Avenue have?
City records list 421-423 Seventh Avenue and 157-161 West 33rd Street on the same tax lot (BBL 1008090001) as 421 Seventh Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 421 Seventh Avenue?
421 Seventh Avenue 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 421 Seventh Avenue, New York, NY 10001, in the Garment District.
What is the zoning at 421 Seventh Avenue?
The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.32 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 421 Seventh Avenue?
The closest subway station to 421 Seventh Avenue is 34 St-Penn Station (the 1, 2 and 3 trains), about 100 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 3 min walk; 34 St-Penn Station (the A, C and E trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 421 Seventh Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 421 SEVENTH AVENUE as the owner of record of 421 Seventh Avenue (BBL 1008090001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 421 Seventh Avenue have an energy grade?
421 Seventh Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR 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 105.8 kBtu per square foot, 2.1 times the national median of 49.6 for a similar property. Its greenhouse gas emissions were about 765 metric tons of CO2e (10.65 kg per square foot).
Is there construction at 421 Seventh Avenue?
In the 12 months to September 2026, the Department of Buildings issued first permits for 4 jobs at 421 Seventh Avenue. In the last two years, interior work was permitted on one floor (floor 1, the cellar and the ground floor). The newest build-out, on the ground floor, was first permitted in June 2026 (construction; filed cost estimate $5,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008090001. 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 421 Seventh Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $25.3 million for 421 Seventh Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.74 million a year, roughly $40.89 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008090001 show the actual bill.
What is the assessed value of 421 Seventh Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 421 Seventh Avenue at $58.5 million ($7.09 million of it land) and its assessed value at $26.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 5% from 2022/23 ($55.8 million) to 2026/27.
Are there vacant storefronts at 421 Seventh Avenue?
Owners registered 4 storefronts at 421 Seventh Avenue for December 31, 2024, 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 421 Seventh Avenue?
No space at 421 Seventh Avenue 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