54 West 40th Street

54 West 40th Street has about 41,000 square feet of floor area in total, including 40,000 square feet of office and 1,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

City records list 1903 as the year built, with a major alteration recorded in 2012. The building is 11 floors tall.

City records list 54-56 West 40th Street on the same tax lot (BBL 1008410080) as 54 West 40th Street. A space listed on Leasemark at any of these addresses shows up on this page.

54 West 40th Street is in ZIP code 10018, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 54 West 40th Street, New York, NY 10018, in Midtown.

The lot is in the C6-4.5 zoning district. PLUTO lists a built floor area ratio (FAR) of 8.22 and a maximum commercial FAR of 12 for this lot.

The closest subway station to 54 West 40th Street is 42 St-Bryant Pk (the B, D, F, M and 7 trains, connected to 5 Av), about 450 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Times Sq-42 St (the 1, 2, 3, 7, N, Q, R, W, S, A, C and E trains, connected to 42 St-Port Authority Bus Terminal), 4 min walk; Grand Central-42 St (the 4, 5, 6, 7 and S trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

The NYC Department of Finance's 2026/27 assessment roll lists 54 WEST 40TH REALTY LLC as the owner of record of 54 West 40th Street (BBL 1008410080). 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.

54 West 40th Street last sold in July 2012 for $32 million, according to the deed recorded with the city. DAYTOP VILLAGE FOUNDATION INCORPORATED sold it to 54 WEST 40TH REALTY LLC. That comes to about $787 per square foot of floor area. The deed is ACRIS document 2012071900738001 (BBL 1008410080) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

54 West 40th Street reported an ENERGY STAR score of 58 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 58 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 59.3 kBtu per square foot, 11% below the national median of 66.5 for a similar property. Its greenhouse gas emissions were about 238 metric tons of CO2e (5.86 kg per square foot).

At its 2024 energy use, 54 West 40th Street comes to about 184 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 308 tons for 2024 to 2029 (60% of the limit), so it would owe no penalty. From 2030 the limit drops to 109 tons and the same energy use counts as about 109 tons, still under the limit. 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.

The Department of Buildings issued no permits for new jobs at 54 West 40th Street in the 12 months to October 2026; the last one was first permitted in March 2024. These are the Department of Buildings' DOB NOW work permits for tax lot 1008410080. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

The Department of Finance's 2026/27 assessment roll lists a taxable value of $10.9 million for 54 West 40th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.18 million a year, roughly $29.00 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008410080 show the actual bill.

For tax year 2026/27, the NYC Department of Finance puts the market value of 54 West 40th Street at $24.2 million ($5.16 million of it land) and its assessed value at $10.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 10% from 2022/23 ($27 million) to 2026/27.

No space at 54 West 40th 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.