Office building with commercial space · Chelsea, Manhattan

508 West 26th Street

New York, NY 10001

508 West 26th Street is a 9-floor office building with commercial space in Chelsea, Manhattan, built in 1927, with about 126,000 square feet of office space according to city records.

Also at 508-516 West 26th Street.

Office space
126K SF
Floors
9
Year built
1927
Zoning
M1-5

Office space next to its nearest neighbors

  1. 518 West 26th Street1 min walk196K SF
  2. 508 West 26th StreetThis building126K SF
  3. 511 West 25th Street1 min walk79K SF
  4. 516 West 25th Street1 min walk71K SF

The 5th largest of the 19 office buildings we track in Chelsea. Compare it with 6 neighbors

1 tenant is looking for office space in Chelsea: 1,800 to 1,800 SF, up to $43/SF. A space listed here that fits is matched with it the day it goes up.

No space at 508 West 26th Street 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 Chelsea and hear the moment a tenant posts a requirement there. Manage or lease this building? Claim this page.

Get an alert

Email me when space at 508 West 26th Street is listed

No account needed. One email to confirm, then only when a matching space is posted. Stop any time in one click. Privacy

Compared with its neighbors

How 508 West 26th Street compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 508 West 26th Street ranks 2nd of 7 by office floor area. It went up in 1927; the median neighbor dates from 1949. Its estimated property tax, about $7.24 a square foot of floor area before abatements, is below the neighbors' median of $13.80.

508 West 26th 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
508 West 26th StreetThis building126K SF91927$7.24n/a
511 West 25th Street1 min walk79K SF91917$18.88Jan 2025, $49.5M (2 lots)
518 West 26th Street1 min walk196K SF101910$7.48n/a
516 West 25th Street1 min walk71K SF71958$11.95Dec 2019, $72.1M
520 West 27th Street1 min walk39K SF112006$13.97n/a
536 West 26th Street1 min walk56K SF92016$29.01Jul 2018, $257M
549 West 26th Street2 min walk42K SF61940$13.63Jul 2015, $36.7M (2 lots)
The 5th largest of the 19 office buildings we track in Chelsea: 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
508-516 West 26th Street
ZIP code
10001
Building type
Office building with commercial space (city class O6)
Total floor area
146,416 SF
Commercial floor area
146,416 SF
Office
126,422 SF
Retail
19,026 SF
Industrial and storage
968 SF
Height
9 floors
Average floor
About 16,300 SF (floor area divided by floors)
Year built
1927
Last major alteration
2004
Lot area
12,343 SF
Zoning district
M1-5
Built FAR
11.86
Max commercial FAR
5
Historic district
West Chelsea Historic District
Tax lot (BBL)
1006970042

Nearest subway

  • 23 St8 min walk · Not accessible
  • 34 St-Hudson Yards9 min walk · Accessible station
  • 34 St-Penn Station11 min walk · Accessible station

Nearby large buildings

All 22 large office buildings on West 26th Street

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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists WEST CHELSEA BUILDING LLC as the owner of record. For tax year 2026/27 the city values 508 West 26th Street at $25.1 million and assesses it at $11.3 million. After phase-ins and exemptions its taxable value is $9.78 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 $1.06 million a year before abatements, roughly $7.24 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
WEST CHELSEA BUILDING LLC
Tax class
Class 4 (commercial and industrial)
City market value
$25,100,000
Land market value
$2,720,000
Assessed value
$11,295,000
Taxable value (phased in)
$9,777,240
Estimated yearly tax
About $1.06 million
Tax per SF of floor area
About $7.24

City market value by tax year

  • 2022/23$18 million
  • 2023/24$19.2 million
  • 2024/25$23 million
  • 2025/26$23.3 million
  • 2026/27$25.1 million

Market value rose 39% from 2022/23 ($18 million) to 2026/27.

How Chelsea compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

Manage or lease this building? Claim this page. Requests are reviewed by hand.

How to find who owns any NYC building

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 2026-10-16; 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 508 West 26th Street? 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 score, grade and emissions

508 West 26th Street reported an ENERGY STAR score of 83 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a B (70 to 84). Its site energy use came to 40.1 kBtu per square foot, 42% below the national median of 69 for a similar property. Its greenhouse gas emissions were about 672 metric tons of CO2e (4.59 kg per square foot).

ENERGY STAR score (2024)
83 of 100
Grade this score earns (Local Law 33)
B (70 to 84)
Property type (Portfolio Manager)
Office
Site energy use intensity
40.1 kBtu/SF
National median for the type
69 kBtu/SF
Greenhouse gas emissions
672 t CO2e
Emissions per SF
4.59 kg CO2e
Floor area in the filing
146,388 SF

ENERGY STAR score by year

  • 202267 (C)
  • 202383 (B)
  • 202483 (B)

Energy sources in 2024

  • Electricity99%
  • Natural gas1%

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 2026-10-16; 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, 508 West 26th Street comes to about 495 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,110 tons for 2024 to 2029 (45% of the limit), so it would owe no penalty. From 2030 the limit drops to 394 tons and the same energy use counts as about 250 tons, still under the limit.

Period
2024 to 2029
Emissions limit
1,110 t CO2e
Estimated emissions
495 t CO2e
Under the limit by
614 t CO2e
Estimated penalty a year
None
Period
2030 to 2034
Emissions limit
394 t CO2e
Estimated emissions
250 t CO2e
Under the limit by
144 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 146,388 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.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 508 West 26th 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 1 job at 508 West 26th Street. In the last two years, interior work was permitted on 2 floors (floors 4 and 10). The newest build-out, on floor 4, was first permitted in June 2026 (plumbing, sprinklers; filed cost estimate $19,000).

New jobs, last 12 months
1
Initial permits, last 12 months
2
Newest job first permitted
June 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
4 and 10

Recent build-outs

  • Floor 4June 2026Plumbing, Sprinklers; est. $19,000
  • Floor 10, roofJanuary 2025Mechanical; est. $100,000; signed off

New jobs by year

  • 20215
  • 20220
  • 20235
  • 20241
  • 20251
  • 2026 to date1

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.

Landmarks Preservation Commission records

Architecture and history

508 West 26th Street was designed by Parker & Shaffer and built in 1926-1927 in the Industrial Neoclassical style. It stands in the West Chelsea Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
Parker & Shaffer
Constructed
1926-1927
Style
Industrial Neoclassical
Primary material
Brick
Built as
Factory

Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.

No office space listed in Chelsea yet

Own or broker space at 508 West 26th Street? List it free: it shows on this page and is matched against every active requirement the day it goes up.

Looking for office space in Chelsea

Tenants and buyers with active requirements here. List a space in 508 West 26th Street and we match you 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 508 West 26th Street

How big is 508 West 26th Street?

508 West 26th Street has about 146,000 square feet of floor area in total, including 126,000 square feet of office, 19,000 square feet of retail and 1,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 508 West 26th Street built?

The Landmarks Preservation Commission's building records date 508 West 26th Street to 1926-1927, designed by Parker & Shaffer. The building is 9 floors tall.

Who designed 508 West 26th Street?

Parker & Shaffer, according to the Landmarks Preservation Commission's building records, which list the style as Industrial Neoclassical and its original use as a factory.

What other addresses does 508 West 26th Street have?

City records list 508-516 West 26th Street on the same tax lot (BBL 1006970042) as 508 West 26th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 508 West 26th Street?

508 West 26th 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 508 West 26th Street, New York, NY 10001, in Chelsea.

What is the zoning at 508 West 26th Street?

The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.86 and a maximum commercial FAR of 5 for this lot. It is inside the West Chelsea Historic District, so exterior changes go through the Landmarks Preservation Commission.

What subway station is closest to 508 West 26th Street?

The closest subway station to 508 West 26th Street is 23 St (the C and E trains), about 0.4 miles away in a straight line, roughly 8 minutes on foot. Also nearby: 34 St-Hudson Yards (the 7 train), 9 min walk; 34 St-Penn Station (the A, C and E trains), 11 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 508 West 26th Street?

The NYC Department of Finance's 2026/27 assessment roll lists WEST CHELSEA BUILDING LLC as the owner of record of 508 West 26th Street (BBL 1006970042). 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 508 West 26th Street?

508 West 26th Street reported an ENERGY STAR score of 83 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 83 earns a B. 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 40.1 kBtu per square foot, 42% below the national median of 69 for a similar property. Its greenhouse gas emissions were about 672 metric tons of CO2e (4.59 kg per square foot).

Does 508 West 26th Street meet Local Law 97?

At its 2024 energy use, 508 West 26th Street comes to about 495 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,110 tons for 2024 to 2029 (45% of the limit), so it would owe no penalty. From 2030 the limit drops to 394 tons and the same energy use counts as about 250 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 508 West 26th Street?

In the 12 months to October 2026, the Department of Buildings issued first permits for 1 job at 508 West 26th Street. In the last two years, interior work was permitted on 2 floors (floors 4 and 10). The newest build-out, on floor 4, was first permitted in June 2026 (plumbing, sprinklers; filed cost estimate $19,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1006970042. 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 508 West 26th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.78 million for 508 West 26th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.06 million a year, roughly $7.24 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1006970042 show the actual bill.

What is the assessed value of 508 West 26th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 508 West 26th Street at $25.1 million ($2.72 million of it land) and its assessed value at $11.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 39% from 2022/23 ($18 million) to 2026/27.

Is there office space for lease at 508 West 26th Street?

No space at 508 West 26th Street is listed on Leasemark right now. 1 tenant is looking for office space in Chelsea. 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.