Office building · Hudson Square, Manhattan
532 Washington Street
New York, NY 10014
532 Washington Street is a 12-floor office building in Hudson Square, Manhattan, built in 1933, with about 1 million square feet of office space according to city records.
Also at 532-564 Washington Street, 331-359 West Houston Street and 322-342 West Street.
- Office space
- 1.0M SF
- Floors
- 12
- Year built
- 1933
- Zoning
- C6-3
The largest of the 32 office buildings we track in Hudson Square. Compare it with 6 neighbors
No space at 532 Washington 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 Hudson Square and hear the moment a tenant posts a requirement there.
Compared with its neighbors
How 532 Washington Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 532 Washington Street is the largest by office floor area. It went up in 1933; the median neighbor dates from 1949. Its estimated property tax, about $33.07 a square foot of floor area before abatements, is above the neighbors' median of $18.10.
| Building | Office space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 532 Washington Street | 1.0M SF | 12 | 1933 | $33.07 |
| 561 Greenwich Street | 205K SF | 16 | 2021 | $18.93 |
| 375 Hudson Street | 985K SF | 18 | 1987 | $17.77 |
| 341 Hudson Street | 751K SF | 17 | 1931 | $18.44 |
| 395 Hudson Street | 580K SF | 9 | 1921 | $15.47 |
| 333 Hudson Street | 100K SF | 10 | 1925 | $8.57 |
| 323 Hudson Street | 117K SF | 10 | 1967 | $22.17 |
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 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 532-564 Washington Street; 331-359 West Houston Street; 322-342 West Street
- ZIP code
- 10014
- Building type
- Office building (city class O3)
- Total floor area
- 1,009,855 SF
- Commercial floor area
- 1,009,855 SF
- Office
- 1,009,855 SF
- Height
- 12 floors
- Average floor
- About 84,200 SF (floor area divided by floors)
- Year built
- 1933
- Lot area
- 141,417 SF
- Zoning district
- C6-3
- Built FAR
- 7.14
- Max commercial FAR
- 6
- Tax lot (BBL)
- 1005960002
Nearest subway
- Houston St
- Spring St
- Canal St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. 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 550 WASHINGTON OWNER (DE) LLC as the owner of record. For tax year 2026/27 the city values 532 Washington Street at $758.9 million and assesses it at $341.5 million. After phase-ins and exemptions its taxable value is $307.9 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 $33.4 million a year before abatements, roughly $33.07 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
- 550 WASHINGTON OWNER (DE) LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $758,888,900
- Land market value
- $59,565,000
- Assessed value
- $341,500,000
- Taxable value (phased in)
- $307,854,342
- Estimated yearly tax
- About $33.4 million
- Tax per SF of floor area
- About $33.07
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 2026-10-03; 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.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
Rentable vs usable square feet and the loss factor, explained
Rentable vs usable square feet in NYC: what the loss factor is, how to calculate it, and why two 5,000 SF suites at the same rent can be very different deals.
Gross vs net leases in NYC: what tenants actually pay
Gross, modified gross or triple net: how NYC leases split taxes, operating costs and electricity, what the asking rent leaves out, and how to compare two spaces fairly.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about 532 Washington Street
How big is 532 Washington Street?
532 Washington Street has about 1 million square feet of floor area in total, including 1 million square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 532 Washington Street built?
City records list 1933 as the year built. The building is 12 floors tall.
What other addresses does 532 Washington Street have?
City records list 532-564 Washington Street, 331-359 West Houston Street and 322-342 West Street on the same tax lot (BBL 1005960002) as 532 Washington Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 532 Washington Street?
532 Washington Street is in ZIP code 10014, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 532 Washington Street, New York, NY 10014, in Hudson Square.
What is the zoning at 532 Washington Street?
The lot is in the C6-3 zoning district. PLUTO lists a built floor area ratio (FAR) of 7.14 and a maximum commercial FAR of 6 for this lot.
What subway station is closest to 532 Washington Street?
The closest subway station to 532 Washington Street is Houston St (the 1 train), about 0.2 miles away in a straight line, roughly 5 minutes on foot. Also nearby: Spring St (the C and E trains), 7 min walk; Canal St (the 1 train), 8 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 532 Washington Street?
The NYC Department of Finance's 2026/27 assessment roll lists 550 WASHINGTON OWNER (DE) LLC as the owner of record of 532 Washington Street (BBL 1005960002). 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 are the property taxes at 532 Washington Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $307.9 million for 532 Washington Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $33.4 million a year, roughly $33.07 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1005960002 show the actual bill.
What is the assessed value of 532 Washington Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 532 Washington Street at $758.9 million ($59.6 million of it land) and its assessed value at $341.5 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 1% from 2025/26 ($765.6 million) to 2026/27.
Is there office space for lease at 532 Washington Street?
No space at 532 Washington 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.
1,935 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.
Hudson Square
Transit hubs in Hudson Square
- 1 at Houston St
- C E at Spring St
- 1 at Canal St
- A C E at Canal St