Office building with commercial space · Midtown South, Manhattan

49 West 27th Street

New York, NY 10001

49 West 27th Street is a 10-floor office building with commercial space in Midtown South, Manhattan, built in 1883, with about 77,000 square feet of office space according to city records.

Also at 49-55 West 27th Street.

Office space
77K SF
Floors
10
Year built
1883
Zoning
M1-8A/R12

The 107th largest of the 156 office buildings we track in Midtown South. Compare it with 6 neighbors

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Compared with its neighbors

How 49 West 27th Street compares

Next to the 6 nearest large office buildings, all within a 1 minute walk, 49 West 27th Street ranks 4th of 7 by office floor area. Built in 1883, it is the oldest of them. Its estimated property tax, about $12.92 a square foot of floor area before abatements, is close to the neighbors' median of $13.13.

49 West 27th 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
49 West 27th StreetThis building77K SF101883$12.92n/a
45 West 27th Street1 min walk50K SF121910$17.32Sep 2015, $43.1M
44 West 28th Street1 min walk133K SF161911$15.33Jun 2007, $51.5M
34 West 27th Street1 min walk58K SF121912$10.34n/a
31 West 27th Street1 min walk97K SF121909$22.06Jul 2017, $126M
28 West 27th Street1 min walk58K SF121909$10.93n/a
37 West 26th Street1 min walk93K SF121909$7.84n/a
The 107th largest of the 156 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 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address
49-55 West 27th Street
ZIP code
10001
Building type
Office building with commercial space (city class O6)
Total floor area
83,050 SF
Commercial floor area
83,050 SF
Office
77,050 SF
Retail
6,000 SF
Height
10 floors
Average floor
About 8,300 SF (floor area divided by floors)
Year built
1883
Last major alteration
1988
Lot area
9,875 SF
Zoning district
M1-8A/R12
Built FAR
8.41
Max commercial FAR
12
Historic district
Madison Square North Historic District
Tax lot (BBL)
1008290007

Nearest subway

  • 28 St2 min walk · Not accessible
  • 28 St4 min walk · Not accessible
  • 23 St4 min walk · Not accessible

Nearby large buildings

All 18 large office buildings on West 27th Street

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 5 storefronts at 49 West 27th Street for December 31, 2024, the newest annual filing the city has published, and 2 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2022.

Storefronts registered for December 31, 2024
5
Vacant that day
2
Share vacant here
40.0%
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

  • 20190 of 3
  • 20200 of 3
  • 20210 of 3
  • 20222 of 5
  • 20232 of 5
  • 20242 of 5

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

Own or lease out a storefront at 49 West 27th Street? Listing it is free, and it is matched against every active requirement for retail space in Midtown South 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 2026-10-02. 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 RADIO WAVE, LLC as the owner of record. For tax year 2026/27 the city values 49 West 27th Street at $22.3 million and assesses it at $10.1 million. After phase-ins and exemptions its taxable value is $9.89 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 $1.07 million a year before abatements, roughly $12.92 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
RADIO WAVE, LLC
Tax class
Class 4 (commercial and industrial)
City market value
$22,335,000
Land market value
$5,800,000
Assessed value
$10,050,750
Taxable value (phased in)
$9,891,230
Estimated yearly tax
About $1.07 million
Tax per SF of floor area
About $12.92

City market value by tax year

  • 2022/23$24.7 million
  • 2023/24$24.1 million
  • 2024/25$25.1 million
  • 2025/26$25.6 million
  • 2026/27$22.3 million

Market value fell 10% from 2022/23 ($24.7 million) to 2026/27.

How Midtown South compares: property tax per SF across NYC neighborhoods

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 score, grade and emissions

49 West 27th Street reported an ENERGY STAR score of 68 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 68.2 kBtu per square foot, 22% below the national median of 87.9 for a similar property. Its greenhouse gas emissions were about 468 metric tons of CO2e (5.44 kg per square foot).

ENERGY STAR score (2024)
68 of 100
Grade this score earns (Local Law 33)
C (55 to 69)
Property type (Portfolio Manager)
Office
Site energy use intensity
68.2 kBtu/SF
National median for the type
87.9 kBtu/SF
Greenhouse gas emissions
468 t CO2e
Emissions per SF
5.44 kg CO2e
Floor area in the filing
86,050 SF

ENERGY STAR score by year

  • 202264 (C)
  • 202371 (B)
  • 202468 (C)

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), 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. 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.

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 1 job at 49 West 27th Street. In the last two years, interior work was permitted on one floor (floor 4). The newest build-out, on floor 4, was first permitted in November 2024 (construction, sprinklers; filed cost estimate $243,000).

New jobs, last 12 months
1
Initial permits, last 12 months
1
Newest job first permitted
February 2026
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
4
Facade and sidewalk jobs, last 24 months
1

Recent build-outs

  • Floor 4November 2024Construction, Sprinklers; 2 jobs; est. $243,000

New jobs by year

  • 20212
  • 20220
  • 20231
  • 20245
  • 20251
  • 2026 to date1

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

Architecture and history

49 West 27th Street was designed by August Hatfield and built in 1882-1883. It stands in the Madison Square North Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
August Hatfield
Constructed
1882-1883
Style
Queen Anne with alterations
Primary material
Brick
Built as
Flats building

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.

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 49 West 27th Street and we match it against every new one automatically.

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Questions about 49 West 27th Street

How big is 49 West 27th Street?

49 West 27th Street has about 83,000 square feet of floor area in total, including 77,000 square feet of office and 6,000 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 49 West 27th Street built?

The Landmarks Preservation Commission's building records date 49 West 27th Street to 1882-1883, designed by August Hatfield. The building is 10 floors tall.

Who designed 49 West 27th Street?

August Hatfield, according to the Landmarks Preservation Commission's building records, which list the style as Queen Anne with alterations and its original use as a flats building.

What other addresses does 49 West 27th Street have?

City records list 49-55 West 27th Street on the same tax lot (BBL 1008290007) as 49 West 27th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 49 West 27th Street?

49 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 49 West 27th Street, New York, NY 10001, in Midtown South.

What is the zoning at 49 West 27th Street?

The lot is in the M1-8A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.41 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 49 West 27th Street?

The closest subway station to 49 West 27th Street is 28 St (the R and W trains), about 400 feet away in a straight line, roughly 2 minutes on foot. Also nearby: 28 St (the 1 train), 4 min walk; 23 St (the F and M trains), 4 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 49 West 27th Street?

The NYC Department of Finance's 2026/27 assessment roll lists RADIO WAVE, LLC as the owner of record of 49 West 27th Street (BBL 1008290007). 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 49 West 27th Street?

49 West 27th Street reported an ENERGY STAR score of 68 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 68 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 68.2 kBtu per square foot, 22% below the national median of 87.9 for a similar property. Its greenhouse gas emissions were about 468 metric tons of CO2e (5.44 kg per square foot).

Is there construction at 49 West 27th Street?

In the 12 months to September 2026, the Department of Buildings issued first permits for 1 job at 49 West 27th Street. In the last two years, interior work was permitted on one floor (floor 4). The newest build-out, on floor 4, was first permitted in November 2024 (construction, sprinklers; filed cost estimate $243,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008290007. 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 49 West 27th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.89 million for 49 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 $1.07 million a year, roughly $12.92 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008290007 show the actual bill.

What is the assessed value of 49 West 27th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 49 West 27th Street at $22.3 million ($5.8 million of it land) and its assessed value at $10.1 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 10% from 2022/23 ($24.7 million) to 2026/27.

Are there vacant storefronts at 49 West 27th Street?

Owners registered 5 storefronts at 49 West 27th Street for December 31, 2024, the newest annual filing the city has published, and 2 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2022. 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 49 West 27th Street?

No space at 49 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.

1,677 buildings from city records

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