Warehouse · Chelsea, Manhattan
525 West 20th Street
New York, NY 10011
525 West 20th Street is a 9-floor warehouse in Chelsea, Manhattan, built in 1913, with about 95,000 square feet of industrial and storage space according to city records.
Also at 521-527 West 20th Street.
- Industrial and storage space
- 95K SF
- Floors
- 9
- Year built
- 1913
- Zoning
- M1-5
The 3rd largest of the 3 industrial and storage buildings we track in Chelsea. Compare it with 6 neighbors
No space at 525 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 525 West 20th Street compares
Next to the 6 nearest large industrial and storage buildings, all within a 17 minute walk, 525 West 20th Street is the smallest by industrial and storage floor area. It went up in 1913; the median neighbor dates from 1926. Its estimated property tax, about $5.09 a square foot of floor area before abatements, is below the neighbors' median of $7.68.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 525 West 20th Street | 95K SF | 9 | 1913 | $5.09 | n/a |
| 510 West 21st Street | 123K SF | 8 | 1928 | $6.99 | Dec 2021, $95.2M |
| 524 West 23rd Street | 128K SF | 10 | 1931 | $7.57 | Dec 2021, $132M |
| 99 Tenth Avenue | 189K SF | 11 | 1917 | $9.97 | n/a |
| 302 Eleventh Avenue | 213K SF | 9 | 1913 | $7.79 | Dec 2021, $234M |
| 155 West 29th Street | 140K SF | 17 | 2022 | $10.32 | n/a |
| 254 West 35th Street | 107K SF | 16 | 1924 | $7.42 | Nov 2024, $16.1M |
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
- 521-527 West 20th Street
- ZIP code
- 10011
- Building type
- Warehouse (city class E1)
- Total floor area
- 94,622 SF
- Commercial floor area
- 94,622 SF
- Industrial and storage
- 94,622 SF
- Height
- 9 floors
- Average floor
- About 10,500 SF (floor area divided by floors)
- Year built
- 1913
- Last major alteration
- 1988
- Lot area
- 9,200 SF
- Zoning district
- M1-5
- Built FAR
- 10.29
- Max commercial FAR
- 5
- Tax lot (BBL)
- 1006920019
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 Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists EKA 521 WEST 20TH STREET LLC as the owner of record. For tax year 2026/27 the city values 525 West 20th Street at $10.8 million and assesses it at $4.88 million. After phase-ins and exemptions its taxable value is $4.44 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 $481,951 a year before abatements, roughly $5.09 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
- EKA 521 WEST 20TH STREET LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $10,834,000
- Land market value
- $2,510,000
- Assessed value
- $4,875,300
- Taxable value (phased in)
- $4,442,760
- Estimated yearly tax
- About $481,951
- Tax per SF of floor area
- About $5.09
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 energy benchmarking (Local Law 84)
Energy score, grade and emissions
525 West 20th Street reported an ENERGY STAR score of 66 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 43.8 kBtu per square foot, 20% below the national median of 55 for a similar property. Its greenhouse gas emissions were about 478 metric tons of CO2e (5.05 kg per square foot).
- ENERGY STAR score (2024)
- 66 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 43.8 kBtu/SF
- National median for the type
- 55 kBtu/SF
- Greenhouse gas emissions
- 478 t CO2e
- Emissions per SF
- 5.05 kg CO2e
- Floor area in the filing
- 94,622 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 2026-10-02; 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.
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 525 West 20th Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 9). The newest build-out, on floor 9, was first permitted in September 2026 (construction, mechanical; filed cost estimate $150,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 3
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1 and 9
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.
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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Walk through a New York commercial lease clause by clause: rent start, escalations, deposit and guaranty, use, alterations, subletting, default and the end of the term.
Questions about 525 West 20th Street
How big is 525 West 20th Street?
525 West 20th Street has about 95,000 square feet of floor area in total, including 95,000 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 525 West 20th Street built?
City records list 1913 as the year built, with a major alteration recorded in 1988. The building is 9 floors tall.
What other addresses does 525 West 20th Street have?
City records list 521-527 West 20th Street on the same tax lot (BBL 1006920019) as 525 West 20th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 525 West 20th Street?
525 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 525 West 20th Street, New York, NY 10011, in Chelsea.
What is the zoning at 525 West 20th Street?
The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 10.29 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 525 West 20th Street?
The closest subway station to 525 West 20th Street is 23 St (the C and E trains), about 0.4 miles away in a straight line, roughly 9 minutes on foot. Also nearby: 14 St (the A, C, E and L trains, connected to 8 Av), 9 min walk; 18 St (the 1 train), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 525 West 20th Street?
The NYC Department of Finance's 2026/27 assessment roll lists EKA 521 WEST 20TH STREET LLC as the owner of record of 525 West 20th Street (BBL 1006920019). 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 525 West 20th Street?
525 West 20th Street reported an ENERGY STAR score of 66 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 66 earns a C. 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 43.8 kBtu per square foot, 20% below the national median of 55 for a similar property. Its greenhouse gas emissions were about 478 metric tons of CO2e (5.05 kg per square foot).
Is there construction at 525 West 20th Street?
In the 12 months to September 2026, the Department of Buildings issued first permits for 2 jobs at 525 West 20th Street. In the last two years, interior work was permitted on 2 floors (floors 1 and 9). The newest build-out, on floor 9, was first permitted in September 2026 (construction, mechanical; filed cost estimate $150,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1006920019. 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 525 West 20th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.44 million for 525 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 $481,951 a year, roughly $5.09 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1006920019 show the actual bill.
What is the assessed value of 525 West 20th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 525 West 20th Street at $10.8 million ($2.51 million of it land) and its assessed value at $4.88 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 27% from 2022/23 ($8.53 million) to 2026/27.
Is there industrial and storage space for lease at 525 West 20th Street?
No space at 525 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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