Want · Office / Flex / Creative
Design studio seeking 4,000 SF loft
Posted by the tenant · Architecture
- Where
- Dumbo, Chelsea +1
- Size
- 3,000 to 5,500 SF
- Budget
- to $70/SF
- Move in
- Nov 2026
Exposed brickHigh ceilings
Owners: got a fit?I have a fit
Office building · Chelsea, Manhattan
516 West 20th Street
New York, NY 10011
516 West 20th Street is a 7-floor office building in Chelsea, Manhattan, built in 1914, with about 69,000 square feet of office space according to city records.
Also at 516-530 West 20th Street.
- Office space
- 69K SF
- Floors
- 7
- Year built
- 1914
- Zoning
- C6-2
The 16th largest of the 17 office buildings we track in Chelsea. Compare it with 6 neighbors
No space at 516 West 20th 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.
Compared with its neighbors
How 516 West 20th Street compares
Next to the 6 nearest large office buildings, all within a 5 minute walk, 516 West 20th Street is the smallest by office floor area. It went up in 1914; the median neighbor dates from 1925. Its estimated property tax, about $21.95 a square foot of floor area before abatements, is above the neighbors' median of $12.06.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 516 West 20th Street | 69K SF | 7 | 1914 | $21.95 | n/a |
| 513 West 20th Street | 74K SF | 7 | 1910 | $9.84 | n/a |
| 529 West 20th Street | 111K SF | 11 | 1930 | $12.17 | n/a |
| IAC Building, 555 West 18th Street | 195K SF | 10 | 2007 | $18.88 | Apr 2023, $80M (2 lots) |
| 510 West 22nd Street | 88K SF | 11 | 1920 | $10.34 | n/a |
| 85 Tenth Avenue | 460K SF | 11 | 1914 | $19.95 | May 2007, $430M |
| 516 West 25th Street | 71K SF | 7 | 1958 | $11.95 | Dec 2019, $72.1M |
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
- 516-530 West 20th Street
- ZIP code
- 10011
- Building type
- Office building (city class O3)
- Total floor area
- 84,803 SF
- Commercial floor area
- 84,803 SF
- Office
- 68,681 SF
- Retail
- 16,122 SF
- Height
- 7 floors
- Average floor
- About 12,100 SF (floor area divided by floors)
- Year built
- 1914
- Lot area
- 16,100 SF
- Zoning district
- C6-2
- Built FAR
- 5.27
- Max commercial FAR
- 6
- Tax lot (BBL)
- 1006910043
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 4 storefronts at 516 West 20th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 4
- Vacant that day
- 0
- Share vacant across Chelsea
- 10.8%
- Share vacant along West 20th Street
- 14.7%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Chelsea? Get matchedStorefront vacancy across New York City
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 520 WEST 20 LLC as the owner of record. For tax year 2026/27 the city values 516 West 20th Street at $38.1 million and assesses it at $17.2 million. After phase-ins and exemptions its taxable value is $17.2 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 $1.86 million a year before abatements, roughly $21.95 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
- 520 WEST 20 LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $38,128,000
- Land market value
- $5,000,000
- Assessed value
- $17,157,600
- Estimated yearly tax
- About $1.86 million
- Tax per SF of floor area
- About $21.95
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 2026-10-02; 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 Department of Buildings permits
Work permits and build-outs
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 516 West 20th Street. In the last two years, interior work was permitted on 3 floors (floors 4 to 6). The newest build-out, on floors 4 and 5, was first permitted in April 2026 (construction, plumbing, sprinklers; filed cost estimate $399,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 7
- Newest job first permitted
- April 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 4 to 6
Recent build-outs
New jobs by year
Build-outs across ChelseaWhere NYC offices are being built out
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.
What a requirement here looks like
No live requirements for office space in Chelsea yet. These labeled examples show what tenants post. List a space in 516 West 20th Street and we match it against every new one 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.
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Questions about 516 West 20th Street
How big is 516 West 20th Street?
516 West 20th Street has about 85,000 square feet of floor area in total, including 69,000 square feet of office and 16,000 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 516 West 20th Street built?
City records list 1914 as the year built. The building is 7 floors tall.
What other addresses does 516 West 20th Street have?
City records list 516-530 West 20th Street on the same tax lot (BBL 1006910043) as 516 West 20th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 516 West 20th Street?
516 West 20th Street is in ZIP code 10011, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 516 West 20th Street, New York, NY 10011, in Chelsea.
What is the zoning at 516 West 20th Street?
The lot is in the C6-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.27 and a maximum commercial FAR of 6 for this lot.
What subway station is closest to 516 West 20th Street?
The closest subway station to 516 West 20th Street is 14 St (the A, C, E and L trains, connected to 8 Av), about 0.4 miles away in a straight line, roughly 9 minutes on foot. The MTA lists it as an accessible station. Also nearby: 23 St (the C and E trains), 9 min walk; 18 St (the 1 train), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 516 West 20th Street?
The NYC Department of Finance's 2026/27 assessment roll lists 520 WEST 20 LLC as the owner of record of 516 West 20th Street (BBL 1006910043). 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.
Is there construction at 516 West 20th Street?
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 516 West 20th Street. In the last two years, interior work was permitted on 3 floors (floors 4 to 6). The newest build-out, on floors 4 and 5, was first permitted in April 2026 (construction, plumbing, sprinklers; filed cost estimate $399,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1006910043. 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 516 West 20th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $17.2 million for 516 West 20th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.86 million a year, roughly $21.95 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1006910043 show the actual bill.
What is the assessed value of 516 West 20th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 516 West 20th Street at $38.1 million ($5 million of it land) and its assessed value at $17.2 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 15% from 2022/23 ($33.1 million) to 2026/27.
Are there vacant storefronts at 516 West 20th Street?
Owners registered 4 storefronts at 516 West 20th Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 516 West 20th Street?
No space at 516 West 20th 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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Chelsea
Transit hubs in Chelsea
- A C E at 14 St
- 1 at 18 St
- L at 8 Av