Office building with commercial space · Garment District, Manhattan
500 Eighth Avenue
New York, NY 10018
500 Eighth Avenue is a 12-floor office building with commercial space in the Garment District, Manhattan, built in 1922, with about 205,000 square feet of office space according to city records.
Also at 500-514 Eighth Avenue, 269-271 West 35th Street and 268 West 36th Street.
- Office space
- 205K SF
- Floors
- 12
- Year built
- 1922
- Zoning
- M1-9A/R12
The 37th largest of the 155 office buildings we track in the Garment District. Compare it with 6 neighbors
No space at 500 Eighth 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. Nothing free right now? Get tenant alerts for the Garment District and hear the moment a tenant posts a requirement there. Manage or lease this building? Claim this page.
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How 500 Eighth Avenue compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 500 Eighth Avenue ranks 3rd of 7 by office floor area. Built in 1922, it is the oldest of them. Its estimated property tax, about $9.99 a square foot of floor area before abatements, is above the neighbors' median of $8.94.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 500 Eighth Avenue | 205K SF | 12 | 1922 | $9.99 |
| 261 West 35th Street | 107K SF | 16 | 1924 | $6.26 |
| 253 West 35th Street | 125K SF | 16 | 1924 | $8.96 |
| 494 Eighth Avenue | 106K SF | 23 | 1928 | $11.02 |
| 260 West 35th Street | 61K SF | 14 | 1924 | $8.91 |
| 519 Eighth Avenue | 307K SF | 25 | 1927 | $7.63 |
| 501 Eighth Avenue | 257K SF | 25 | 1930 | $11.26 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 500-514 Eighth Avenue; 269-271 West 35th Street; 268 West 36th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 243,350 SF
- Commercial floor area
- 243,350 SF
- Office
- 204,511 SF
- Retail
- 38,839 SF
- Height
- 12 floors
- Average floor
- About 20,300 SF (floor area divided by floors)
- Year built
- 1922
- Last major alteration
- 1965
- Lot area
- 19,027 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 12.79
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1007850001
Nearest subway
- 34 St-Penn Station
- 34 St-Penn Station
- Times Sq-42 St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. 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 500 Eighth Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019.
- Storefronts registered for December 31, 2025
- 4
- Vacant that day
- 1
- Share vacant across the Garment District
- 13.7%
- Share vacant along Eighth Avenue
- 16.1%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Own or lease out a storefront at 500 Eighth Avenue? 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 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 500 EIGHTH AVENUE LIMITED LIABILITY COMP ANY as the owner of record. For tax year 2026/27 the city values 500 Eighth Avenue at $51.4 million and assesses it at $23.2 million. After phase-ins and exemptions its taxable value is $22.4 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 $2.43 million a year before abatements, roughly $9.99 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
- 500 EIGHTH AVENUE LIMITED LIABILITY COMP ANY
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $51,445,000
- Land market value
- $8,160,000
- Assessed value
- $23,150,250
- Taxable value (phased in)
- $22,401,360
- Estimated yearly tax
- About $2.43 million
- Tax per SF of floor area
- About $9.99
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
How to find who owns any NYC buildingSource: 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 2026-10-16; 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 500 Eighth Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
500 Eighth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 51 kBtu per square foot, 21% above the national median of 42.3 for a similar property. Its greenhouse gas emissions were about 1,227 metric tons of CO2e (5.04 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Mixed Use Property
- Site energy use intensity
- 51 kBtu/SF
- National median for the type
- 42.3 kBtu/SF
- Greenhouse gas emissions
- 1,227 t CO2e
- Emissions per SF
- 5.04 kg CO2e
- Floor area in the filing
- 243,350 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 2026-10-16; 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
The Department of Buildings issued no permits for new jobs at 500 Eighth Avenue in the 12 months to October 2026; the last one was first permitted in March 2024.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- March 2024
- Interior build-outs, last 24 months
- 0
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 2026-10-24 (permits issued through 2026-10-22). 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.
No office space listed in the Garment District yet
Own or broker space at 500 Eighth Avenue? List it free: it shows on this page and is matched against every active requirement the day it goes up.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 500 Eighth Avenue
How big is 500 Eighth Avenue?
500 Eighth Avenue has about 243,000 square feet of floor area in total, including 205,000 square feet of office and 39,000 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 500 Eighth Avenue built?
City records list 1922 as the year built, with a major alteration recorded in 1965. The building is 12 floors tall.
What other addresses does 500 Eighth Avenue have?
City records list 500-514 Eighth Avenue, 269-271 West 35th Street and 268 West 36th Street on the same tax lot (BBL 1007850001) as 500 Eighth Avenue. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 500 Eighth Avenue?
500 Eighth Avenue 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 500 Eighth Avenue, New York, NY 10018, in the Garment District.
What is the zoning at 500 Eighth Avenue?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 12.79 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 500 Eighth Avenue?
The closest subway station to 500 Eighth Avenue is 34 St-Penn Station (the A, C and E trains), about 350 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 34 St-Penn Station (the 1, 2 and 3 trains), 4 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), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 500 Eighth Avenue?
The NYC Department of Finance's 2026/27 assessment roll lists 500 EIGHTH AVENUE LIMITED LIABILITY COMP ANY as the owner of record of 500 Eighth Avenue (BBL 1007850001). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 500 Eighth Avenue have an energy grade?
500 Eighth Avenue's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score (no single use that ENERGY STAR scores covers more than half of the floor area), 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 51 kBtu per square foot, 21% above the national median of 42.3 for a similar property. Its greenhouse gas emissions were about 1,227 metric tons of CO2e (5.04 kg per square foot).
Is there construction at 500 Eighth Avenue?
The Department of Buildings issued no permits for new jobs at 500 Eighth Avenue in the 12 months to October 2026; the last one was first permitted in March 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1007850001. 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 500 Eighth Avenue?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $22.4 million for 500 Eighth Avenue. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $2.43 million a year, roughly $9.99 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1007850001 show the actual bill.
What is the assessed value of 500 Eighth Avenue?
For tax year 2026/27, the NYC Department of Finance puts the market value of 500 Eighth Avenue at $51.4 million ($8.16 million of it land) and its assessed value at $23.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 10% from 2022/23 ($46.6 million) to 2026/27.
Are there vacant storefronts at 500 Eighth Avenue?
Owners registered 4 storefronts at 500 Eighth Avenue for December 31, 2025, the newest annual filing the city has published, and 1 of them stood vacant that day. At least one storefront here has been reported vacant at the end of every year since 2019. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront vacant on December 31, 2025 may have been leased since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 500 Eighth Avenue?
No space at 500 Eighth 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.
2,723 buildings from city records
Look up another building
Size, owner of record and property tax, plus the last sale and energy grade where the city has them, for every large office, retail and industrial building we track. Type any address on the lot (like 350 Fifth Avenue), a building name, a street or a neighborhood.
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