Retail building · Chelsea, Manhattan
534 West 25th Street
New York, NY 10001
534 West 25th Street is an 8-floor retail building in Chelsea, Manhattan, built in 2017, with about 47,000 square feet of retail space according to city records.
Also at 540 West 25th Street.
- Retail space
- 47K SF
- Floors
- 8
- Year built
- 2017
- Zoning
- M1-5
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Compared with its neighbors
How 534 West 25th Street compares
Next to the 6 nearest large retail buildings, all within a 15 minute walk, 534 West 25th Street ranks 4th of 7 by retail floor area. Built in 2017, it is the newest of them. Its estimated property tax, about $69.76 a square foot of floor area before abatements, is above the neighbors' median of $15.30.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 534 West 25th Street | 47K SF | 8 | 2017 | $69.76 |
| 519 West 26th Street | 125K SF | 4 | 1911 | $15.30 |
| 547 West 27th Street | 97K SF | 6 | 1900 | $12.43 |
| 19 Ninth Avenue | 59K SF | 5 | 1889 | $17.64 |
| 555 West Street | 39K SF | 2 | 1949 | Exempt |
| 63 Gansevoort Street | 44K SF | 6 | 1939 | $12.88 |
| 420 Seventh Avenue | 42K SF | 1 | 1969 | $67.17 |
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 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 540 West 25th Street
- ZIP code
- 10001
- Building type
- Retail building (city class K2)
- Total floor area
- 47,330 SF
- Commercial floor area
- 47,330 SF
- Retail
- 47,330 SF
- Height
- 8 floors
- Average floor
- About 5,900 SF (floor area divided by floors)
- Year built
- 2017
- Lot area
- 9,875 SF
- Zoning district
- M1-5
- Built FAR
- 4.79
- Max commercial FAR
- 5
- Tax lot (BBL)
- 1006960054
Nearest subway
- 23 St
- 34 St-Hudson Yards
- 23 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered one storefront at 534 West 25th Street for December 31, 2024, the newest annual filing the city has published, and it was not vacant that day.
- Storefronts registered for December 31, 2024
- 1
- Vacant that day
- 0
- Share vacant across Chelsea
- 10.8%
- Share vacant along West 25th Street
- 16.7%
- 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 2026-10-08. 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 WENAT REALTY ASSOC as the owner of record. For tax year 2026/27 the city values 534 West 25th Street at $76.2 million and assesses it at $34.3 million. After phase-ins and exemptions its taxable value is $30.4 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 $3.3 million a year before abatements, roughly $69.76 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
- WENAT REALTY ASSOC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $76,237,000
- Land market value
- $14,072,000
- Assessed value
- $34,306,650
- Taxable value (phased in)
- $30,437,400
- Estimated yearly tax
- About $3.3 million
- Tax per SF of floor area
- About $69.76
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 2026-10-08; 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.
Own or manage 534 West 25th Street? List a space here free and we match it against every active requirement.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
534 West 25th 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 144.7 kBtu per square foot, 2.9 times the national median of 49.7 for a similar property. Its greenhouse gas emissions were about 656 metric tons of CO2e (13.86 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Museum
- Site energy use intensity
- 144.7 kBtu/SF
- National median for the type
- 49.7 kBtu/SF
- Greenhouse gas emissions
- 656 t CO2e
- Emissions per SF
- 13.86 kg CO2e
- Floor area in the filing
- 47,330 SF
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 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 534 West 25th Street comes to about 513 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 559 tons for 2024 to 2029 (92% of the limit), so it would owe no penalty. From 2030 the limit drops to 255 tons and the same energy use counts as about 314 tons, about 58 tons over, or an estimated $16,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 559 t CO2e
- Estimated emissions
- 513 t CO2e
- Under the limit by
- 46 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 255 t CO2e
- Estimated emissions
- 314 t CO2e
- Over the limit by
- 58 t CO2e
- Estimated penalty a year
- $16,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Museum 47,330 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.
Own or manage 534 West 25th Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 534 West 25th Street. In the last two years, interior work was permitted on one floor (floor 6). The newest build-out, on floor 6, was first permitted in September 2026 (construction; filed cost estimate $10,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 2
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 1
- Floors with interior work, last 24 months
- 6
- Facade and sidewalk jobs, last 24 months
- 1
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 2026-10-08 (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 534 West 25th Street
How big is 534 West 25th Street?
534 West 25th Street has about 47,000 square feet of floor area in total, including 47,000 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 534 West 25th Street built?
City records list 2017 as the year built. The building is 8 floors tall.
What other addresses does 534 West 25th Street have?
City records list 540 West 25th Street on the same tax lot (BBL 1006960054) as 534 West 25th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 534 West 25th Street?
534 West 25th 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 534 West 25th Street, New York, NY 10001, in Chelsea.
What is the zoning at 534 West 25th Street?
The lot is in the M1-5 zoning district. PLUTO lists a built floor area ratio (FAR) of 4.79 and a maximum commercial FAR of 5 for this lot.
What subway station is closest to 534 West 25th Street?
The closest subway station to 534 West 25th 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: 34 St-Hudson Yards (the 7 train), 9 min walk; 23 St (the 1 train), 12 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 534 West 25th Street?
The NYC Department of Finance's 2026/27 assessment roll lists WENAT REALTY ASSOC as the owner of record of 534 West 25th Street (BBL 1006960054). Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
Does 534 West 25th Street have an energy grade?
534 West 25th 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 144.7 kBtu per square foot, 2.9 times the national median of 49.7 for a similar property. Its greenhouse gas emissions were about 656 metric tons of CO2e (13.86 kg per square foot).
Does 534 West 25th Street meet Local Law 97?
At its 2024 energy use, 534 West 25th Street comes to about 513 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 559 tons for 2024 to 2029 (92% of the limit), so it would owe no penalty. From 2030 the limit drops to 255 tons and the same energy use counts as about 314 tons, about 58 tons over, or an estimated $16,000 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.
Is there construction at 534 West 25th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 534 West 25th Street. In the last two years, interior work was permitted on one floor (floor 6). The newest build-out, on floor 6, was first permitted in September 2026 (construction; filed cost estimate $10,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1006960054. 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 534 West 25th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $30.4 million for 534 West 25th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $3.3 million a year, roughly $69.76 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1006960054 show the actual bill.
What is the assessed value of 534 West 25th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 534 West 25th Street at $76.2 million ($14.1 million of it land) and its assessed value at $34.3 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 35% from 2022/23 ($56.3 million) to 2026/27.
Are there vacant storefronts at 534 West 25th Street?
Owners registered one storefront at 534 West 25th Street for December 31, 2024, the newest annual filing the city has published, and it was not 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 retail space for lease at 534 West 25th Street?
No space at 534 West 25th 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
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