Office building with commercial space · Garment District, Manhattan
44 West 37th Street
New York, NY 10018
44 West 37th Street is a 15-floor office building with commercial space in the Garment District, Manhattan, built in 2017, with about 41,000 square feet of office space according to city records.
Also at 44-46 West 37th Street.
- Office space
- 41K SF
- Floors
- 15
- Year built
- 2017
- Zoning
- M1-9A/R12
The 151st largest of the 155 office buildings we track in the Garment District. Compare it with 6 neighbors
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Compared with its neighbors
How 44 West 37th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 44 West 37th Street is the smallest by office floor area. Built in 2017, it is the newest of them. Its estimated property tax, about $16.68 a square foot of floor area before abatements, is above the neighbors' median of $8.60.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 44 West 37th Street | 41K SF | 15 | 2017 | $16.68 | Dec 2021, $49M |
| 40 West 37th Street | 51K SF | 13 | 1924 | $8.76 | n/a |
| 48 West 37th Street | 123K SF | 18 | 1926 | $8.45 | n/a |
| 43 West 36th Street | 100K SF | 12 | 1917 | $8.01 | n/a |
| 35 West 36th Street | 50K SF | 12 | 1911 | $9.90 | n/a |
| 53 West 36th Street | 59K SF | 12 | 1911 | $15.45 | Oct 2016, $54M |
| 39 West 37th Street | 92K SF | 18 | 1930 | $7.94 | Dec 2025, $26.5M |
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
- 44-46 West 37th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 43,086 SF
- Commercial floor area
- 43,086 SF
- Office
- 41,426 SF
- Retail
- 1,660 SF
- Height
- 15 floors
- Average floor
- About 2,900 SF (floor area divided by floors)
- Year built
- 2017
- Lot area
- 3,950 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 10.91
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008380074
Nearest subway
- 34 St-Herald Sq
- 42 St-Bryant Pk
- Times Sq-42 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 44 West 37th Street for December 31, 2024, the newest annual filing the city has published, and it stood vacant that day. A year earlier, none of 1 did.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 1
- Share vacant across the Garment District
- 14.0%
- Share vacant along West 37th Street
- 9.5%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Own or lease out a storefront at 44 West 37th Street? Listing it is free, and it is matched against every active requirement for retail space in the Garment District the day it goes up.
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 AZUL NYC LLC as the owner of record. For tax year 2026/27 the city values 44 West 37th Street at $16.4 million and assesses it at $7.38 million. After phase-ins and exemptions its taxable value is $6.62 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 $718,601 a year before abatements, roughly $16.68 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
- AZUL NYC LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $16,406,000
- Land market value
- $4,291,000
- Assessed value
- $7,382,700
- Taxable value (phased in)
- $6,624,270
- Estimated yearly tax
- About $718,601
- Tax per SF of floor area
- About $16.68
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 44 West 37th Street? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
44 West 37th Street last sold in December 2021 for $49 million, according to the deed recorded with the city. 44 W 37 LLC sold it to AZUL NYC LLC. That comes to about $1,137 per square foot of floor area.
- Last sale (deed date)
- December 15, 2021
- Price
- $49,000,000
- Price per SF of floor area
- About $1,137
- Seller
- 44 W 37 LLC
- Buyer
- AZUL NYC LLC
- Deed recorded
- December 29, 2021
- ACRIS document
- 2021122100671001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
44 West 37th Street reported an ENERGY STAR score of 65 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 45.7 kBtu per square foot, 19% below the national median of 56.5 for a similar property. Its greenhouse gas emissions were about 227 metric tons of CO2e (5.26 kg per square foot).
- ENERGY STAR score (2024)
- 65 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 45.7 kBtu/SF
- National median for the type
- 56.5 kBtu/SF
- Greenhouse gas emissions
- 227 t CO2e
- Emissions per SF
- 5.26 kg CO2e
- Floor area in the filing
- 43,086 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 2026-10-08; 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, 44 West 37th Street comes to about 167 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 327 tons for 2024 to 2029 (51% of the limit), so it would owe no penalty. From 2030 the limit drops to 116 tons and the same energy use counts as about 84 tons, still under the limit.
- Period
- 2024 to 2029
- Emissions limit
- 327 t CO2e
- Estimated emissions
- 167 t CO2e
- Under the limit by
- 160 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 116 t CO2e
- Estimated emissions
- 84 t CO2e
- Under the limit by
- 32 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 43,086 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 44 West 37th Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 44 West 37th Street in the 12 months to October 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in May 2025 (mechanical; filed cost estimate $15,000).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- May 2025
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 1
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 2026-10-08 (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.
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Questions about 44 West 37th Street
How big is 44 West 37th Street?
44 West 37th Street has about 43,000 square feet of floor area in total, including 41,000 square feet of office and 2,000 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 44 West 37th Street built?
City records list 2017 as the year built. The building is 15 floors tall.
What other addresses does 44 West 37th Street have?
City records list 44-46 West 37th Street on the same tax lot (BBL 1008380074) as 44 West 37th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 44 West 37th Street?
44 West 37th Street is in ZIP code 10018, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 44 West 37th Street, New York, NY 10018, in the Garment District.
What is the zoning at 44 West 37th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.91 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 44 West 37th Street?
The closest subway station to 44 West 37th Street is 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), about 800 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), 5 min walk; Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 44 West 37th Street?
The NYC Department of Finance's 2026/27 assessment roll lists AZUL NYC LLC as the owner of record of 44 West 37th Street (BBL 1008380074). 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.
When was 44 West 37th Street last sold?
44 West 37th Street last sold in December 2021 for $49 million, according to the deed recorded with the city. 44 W 37 LLC sold it to AZUL NYC LLC. That comes to about $1,137 per square foot of floor area. The deed is ACRIS document 2021122100671001 (BBL 1008380074) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
What is the energy grade of 44 West 37th Street?
44 West 37th Street reported an ENERGY STAR score of 65 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 65 earns a C. 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 45.7 kBtu per square foot, 19% below the national median of 56.5 for a similar property. Its greenhouse gas emissions were about 227 metric tons of CO2e (5.26 kg per square foot).
Does 44 West 37th Street meet Local Law 97?
At its 2024 energy use, 44 West 37th Street comes to about 167 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 327 tons for 2024 to 2029 (51% of the limit), so it would owe no penalty. From 2030 the limit drops to 116 tons and the same energy use counts as about 84 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 44 West 37th Street?
The Department of Buildings issued no permits for new jobs at 44 West 37th Street in the 12 months to October 2026; the last one was first permitted in May 2025. In the last two years, interior work was permitted on one floor (floor 1). The newest build-out, on floor 1, was first permitted in May 2025 (mechanical; filed cost estimate $15,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008380074. 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 44 West 37th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $6.62 million for 44 West 37th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $718,601 a year, roughly $16.68 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008380074 show the actual bill.
What is the assessed value of 44 West 37th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 44 West 37th Street at $16.4 million ($4.29 million of it land) and its assessed value at $7.38 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 9% from 2022/23 ($15 million) to 2026/27.
Are there vacant storefronts at 44 West 37th Street?
Owners registered one storefront at 44 West 37th Street for December 31, 2024, the newest annual filing the city has published, and it stood vacant that day. A year earlier, none of 1 did. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2024 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 44 West 37th Street?
No space at 44 West 37th 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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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