Seeking 1,800 SF Creative Loft in Chelsea, Manhattan
Posted by a tenant rep broker · Creative / Arts / Media
- Where
- Chelsea
- Size
- 1,800 to 1,800 SF
- Budget
- to $43/SF
- Move in
- Nov 2026
High ceilingsNear subway
Owners: got a fit?I have a fit
Office building with commercial space · Chelsea, Manhattan
518 West 26th Street
New York, NY 10001
518 West 26th Street is a 10-floor office building with commercial space in Chelsea, Manhattan, built in 1910, with about 196,000 square feet of office space according to city records.
Also at 518-534 West 26th Street.
- Office space
- 196K SF
- Floors
- 10
- Year built
- 1910
- Zoning
- M1-5
The 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.
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Compared with its neighbors
How 518 West 26th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 518 West 26th Street is the largest by office floor area. Built in 1910, it is the oldest of them. Its estimated property tax, about $7.48 a square foot of floor area before abatements, is below the neighbors' median of $13.80.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 518 West 26th Street | 196K SF | 10 | 1910 | $7.48 | n/a |
| 508 West 26th Street | 126K SF | 9 | 1927 | $7.24 | n/a |
| 536 West 26th Street | 56K SF | 9 | 2016 | $29.01 | Jul 2018, $257M |
| 511 West 25th Street | 79K SF | 9 | 1917 | $18.88 | Jan 2025, $49.5M (2 lots) |
| 520 West 27th Street | 39K SF | 11 | 2006 | $13.97 | n/a |
| 516 West 25th Street | 71K SF | 7 | 1958 | $11.95 | Dec 2019, $72.1M |
| 549 West 26th Street | 42K SF | 6 | 1940 | $13.63 | Jul 2015, $36.7M (2 lots) |
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
- 518-534 West 26th Street
- ZIP code
- 10001
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 218,019 SF
- Commercial floor area
- 218,019 SF
- Office
- 195,734 SF
- Retail
- 21,673 SF
- Height
- 10 floors
- Average floor
- About 21,800 SF (floor area divided by floors)
- Year built
- 1910
- Last major alteration
- 1983
- Lot area
- 22,219 SF
- Zoning district
- M1-5
- Built FAR
- 9.81
- Max commercial FAR
- 5
- Historic district
- West Chelsea Historic District
- Tax lot (BBL)
- 1006970047
Nearest subway
- 34 St-Hudson Yards
- 23 St
- 34 St-Penn Station
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 518 West 26th Street at $37.4 million and assesses it at $16.8 million. After phase-ins and exemptions its taxable value is $15 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 $1.63 million a year before abatements, roughly $7.48 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
- $37,362,000
- Land market value
- $5,999,000
- Assessed value
- $16,812,900
- Taxable value (phased in)
- $15,029,730
- Estimated yearly tax
- About $1.63 million
- Tax per SF of floor area
- About $7.48
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 518 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
518 West 26th Street reported an ENERGY STAR score of 93 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns an A (85 or higher). Its site energy use came to 74.1 kBtu per square foot, less than half the national median of 175.5 for a similar property. Its greenhouse gas emissions were about 883 metric tons of CO2e (4.05 kg per square foot).
- ENERGY STAR score (2024)
- 93 of 100
- Grade this score earns (Local Law 33)
- A (85 or higher)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 74.1 kBtu/SF
- National median for the type
- 175.5 kBtu/SF
- Greenhouse gas emissions
- 883 t CO2e
- Emissions per SF
- 4.05 kg CO2e
- Floor area in the filing
- 217,968 SF
ENERGY STAR score by year
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. 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, 518 West 26th Street comes to about 871 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,652 tons for 2024 to 2029 (53% of the limit), so it would owe no penalty. From 2030 the limit drops to 587 tons and the same energy use counts as about 854 tons, about 267 tons over, or an estimated $72,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 1,652 t CO2e
- Estimated emissions
- 871 t CO2e
- Under the limit by
- 781 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 587 t CO2e
- Estimated emissions
- 854 t CO2e
- Over the limit by
- 267 t CO2e
- Estimated penalty a year
- $72,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Office 217,968 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 518 West 26th Street? List a space here free and we match it against every active requirement.
Landmarks Preservation Commission records
Architecture and history
518 West 26th Street was designed by William Higginson and built in 1909-1910 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
- William Higginson
- Constructed
- 1909-1910
- Style
- Industrial Neoclassical
- Primary material
- Buff 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.
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Before you sign
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Questions about 518 West 26th Street
How big is 518 West 26th Street?
518 West 26th Street has about 218,000 square feet of floor area in total, including 196,000 square feet of office and 22,000 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 518 West 26th Street built?
The Landmarks Preservation Commission's building records date 518 West 26th Street to 1909-1910, designed by William Higginson. The building is 10 floors tall.
Who designed 518 West 26th Street?
William Higginson, 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 518 West 26th Street have?
City records list 518-534 West 26th Street on the same tax lot (BBL 1006970047) as 518 West 26th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 518 West 26th Street?
518 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 518 West 26th Street, New York, NY 10001, in Chelsea.
What is the zoning at 518 West 26th Street?
The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 9.81 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 518 West 26th Street?
The closest subway station to 518 West 26th Street is 34 St-Hudson Yards (the 7 train), 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; 34 St-Penn Station (the A, C and E trains), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 518 West 26th Street?
The NYC Department of Finance's 2026/27 assessment roll lists WEST CHELSEA BUILDING LLC as the owner of record of 518 West 26th Street (BBL 1006970047). 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 518 West 26th Street?
518 West 26th Street reported an ENERGY STAR score of 93 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 93 earns an A. 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 74.1 kBtu per square foot, less than half the national median of 175.5 for a similar property. Its greenhouse gas emissions were about 883 metric tons of CO2e (4.05 kg per square foot).
Does 518 West 26th Street meet Local Law 97?
At its 2024 energy use, 518 West 26th Street comes to about 871 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 1,652 tons for 2024 to 2029 (53% of the limit), so it would owe no penalty. From 2030 the limit drops to 587 tons and the same energy use counts as about 854 tons, about 267 tons over, or an estimated $72,000 a year unless the building cuts its emissions. 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.
What are the property taxes at 518 West 26th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $15 million for 518 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 $1.63 million a year, roughly $7.48 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1006970047 show the actual bill.
What is the assessed value of 518 West 26th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 518 West 26th Street at $37.4 million ($6 million of it land) and its assessed value at $16.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 39% from 2022/23 ($26.9 million) to 2026/27.
Is there office space for lease at 518 West 26th Street?
No space at 518 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.
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