Office building with commercial space · Upper West Side, Manhattan

514 West 57th Street

New York, NY 10019

514 West 57th Street is a 6-floor office building with commercial space in the Upper West Side, Manhattan, built in 1940, with about 37,000 square feet of office space according to city records.

Also at 514-516 West 57th Street.

Office space
37K SF
Floors
6
Year built
1940
Zoning
M1-5

Office space next to its nearest neighbors

  1. 513 West 56th Street1 min walk186K SF
  2. 524 West 57th Street1 min walk52K SF
  3. 514 West 57th StreetThis building37K SF

The 19th largest of the 20 office buildings we track in the Upper West Side. Compare it with 6 neighbors

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Compared with its neighbors

How 514 West 57th Street compares

Next to the 6 nearest large office buildings, all within a 3 minute walk, 514 West 57th Street is the smallest by office floor area. It went up in 1940; the median neighbor dates from 1921. Its estimated property tax, about $12.19 a square foot of floor area before abatements, is close to the neighbors' median of $11.63.

514 West 57th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot
BuildingOffice spaceFloorsBuiltTax / SF
514 West 57th StreetThis building37K SF61940$12.19
524 West 57th Street1 min walk52K SF81912$9.86
513 West 56th Street1 min walk186K SF101984$12.01
515 West 57th Street1 min walk46K SF31910$11.24
521 West 57th Street1 min walk368K SF101927$12.01
555 West 57th Street2 min walk581K SF202005$15.53
423 West 55th Street3 min walk245K SF121915$10.53
The 19th largest of the 20 office buildings we track in the Upper West Side: 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). 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
514-516 West 57th Street
ZIP code
10019
Building type
Office building with commercial space (city class O5)
Total floor area
45,200 SF
Commercial floor area
45,200 SF
Office
36,816 SF
Retail
8,384 SF
Height
6 floors
Average floor
About 7,500 SF (floor area divided by floors)
Year built
1940
Last major alteration
1987
Lot area
6,200 SF
Zoning district
M1-5
Built FAR
7.29
Max commercial FAR
5
Tax lot (BBL)
1010850039

Nearest subway

  • 59 St-Columbus Circle8 min walk · Accessible station
  • 66 St-Lincoln Center10 min walk · Accessible station
  • 50 St10 min walk · Partly accessible

Nearby large buildings

All 24 large office buildings on West 57th Street

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 Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists CBS BROADCASTING INC. as the owner of record. For tax year 2026/27 the city values 514 West 57th Street at $11.7 million and assesses it at $5.28 million. After phase-ins and exemptions its taxable value is $5.08 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 $550,923 a year before abatements, roughly $12.19 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
CBS BROADCASTING INC.
Tax class
Class 4 (commercial and industrial)
City market value
$11,723,000
Land market value
$1,620,000
Assessed value
$5,275,350
Taxable value (phased in)
$5,078,568
Estimated yearly tax
About $550,923
Tax per SF of floor area
About $12.19

City market value by tax year

  • 2022/23$10.4 million
  • 2023/24$11.9 million
  • 2024/25$10.7 million
  • 2025/26$10.9 million
  • 2026/27$11.7 million

Market value rose 13% from 2022/23 ($10.4 million) to 2026/27.

How the Upper West Side compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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.

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NYC energy benchmarking (Local Law 84)

Energy use and emissions

514 West 57th Street'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 284.8 kBtu per square foot, 6.0 times the national median of 47.3 for a similar property. Its greenhouse gas emissions were about 21,401 metric tons of CO2e (29.02 kg per square foot). The filing covers 4 tax lots together, so these figures are for the whole property.

ENERGY STAR score (2024)
None given
Property type (Portfolio Manager)
Other - Entertainment/Public Assembly
Site energy use intensity
284.8 kBtu/SF
National median for the type
47.3 kBtu/SF
Greenhouse gas emissions
21,401 t CO2e
Emissions per SF
29.02 kg CO2e
Floor area in the filing
737,480 SF
Tax lots in the filing
4

Energy sources in 2024

  • Electricity73%
  • District steam27%

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, one filing for 4 tax lots), 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.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 514 West 57th Street in the 12 months to October 2026; the last one was first permitted in July 2025. In the last two years, interior work was permitted on 2 floors (floors 2 and 4). The newest build-out, on floors 2 and 4, was first permitted in July 2025 (construction; filed cost estimate $224,000).

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
July 2025
Interior build-outs, last 24 months
1
Floors with interior work, last 24 months
2 and 4

Recent build-outs

  • Floors 2 and 4July 2025Construction; est. $224,000; signed off

New jobs by year

  • 20210
  • 20220
  • 20230
  • 20240
  • 20251
  • 2026 to date0

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 514 West 57th Street

How big is 514 West 57th Street?

514 West 57th Street has about 45,000 square feet of floor area in total, including 37,000 square feet of office and 8,000 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 514 West 57th Street built?

City records list 1940 as the year built, with a major alteration recorded in 1987. The building is 6 floors tall.

What other addresses does 514 West 57th Street have?

City records list 514-516 West 57th Street on the same tax lot (BBL 1010850039) as 514 West 57th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 514 West 57th Street?

514 West 57th Street is in ZIP code 10019, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 514 West 57th Street, New York, NY 10019, in the Upper West Side.

What is the zoning at 514 West 57th Street?

The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 7.29 and a maximum commercial FAR of 5 for this lot.

What subway station is closest to 514 West 57th Street?

The closest subway station to 514 West 57th Street is 59 St-Columbus Circle (the 1, A, B, C and D trains), about 0.4 miles away in a straight line, roughly 8 minutes on foot. The MTA lists it as an accessible station. Also nearby: 66 St-Lincoln Center (the 1 train), 10 min walk; 50 St (the C and E trains), 10 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 514 West 57th Street?

The NYC Department of Finance's 2026/27 assessment roll lists CBS BROADCASTING INC. as the owner of record of 514 West 57th Street (BBL 1010850039). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 514 West 57th Street have an energy grade?

514 West 57th Street'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 284.8 kBtu per square foot, 6.0 times the national median of 47.3 for a similar property. Its greenhouse gas emissions were about 21,401 metric tons of CO2e (29.02 kg per square foot). The filing covers 4 tax lots together, so these figures are for the whole property.

Is there construction at 514 West 57th Street?

The Department of Buildings issued no permits for new jobs at 514 West 57th Street in the 12 months to October 2026; the last one was first permitted in July 2025. In the last two years, interior work was permitted on 2 floors (floors 2 and 4). The newest build-out, on floors 2 and 4, was first permitted in July 2025 (construction; filed cost estimate $224,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1010850039. 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 514 West 57th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $5.08 million for 514 West 57th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $550,923 a year, roughly $12.19 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010850039 show the actual bill.

What is the assessed value of 514 West 57th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 514 West 57th Street at $11.7 million ($1.62 million of it land) and its assessed value at $5.28 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 13% from 2022/23 ($10.4 million) to 2026/27.

Is there office space for lease at 514 West 57th Street?

No space at 514 West 57th 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.

2,180 buildings from city records

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