Office building with commercial space · Midtown, Manhattan
8 West 38th Street
New York, NY 10018
8 West 38th Street is a 12-floor office building with commercial space in Midtown, Manhattan, built in 1900, with about 101,000 square feet of office space according to city records.
Also at 8-16 West 38th Street.
- Office space
- 101K SF
- Floors
- 12
- Year built
- 1900
- Zoning
- M1-9A/R12
The 237th largest of the 351 office buildings we track in Midtown. Compare it with 6 neighbors
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Compared with its neighbors
How 8 West 38th Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 8 West 38th Street ranks 3rd of 7 by office floor area. Built in 1900, it is the oldest of them. Its estimated property tax, about $11.75 a square foot of floor area before abatements, is above the neighbors' median of $10.64.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 8 West 38th Street | 101K SF | 12 | 1900 | $11.75 | Jul 2024, $35M |
| 1 West 37th Street | 57K SF | 11 | 1912 | $24.12 | May 2016, $73M |
| 5 West 37th Street | 73K SF | 12 | 1921 | $10.42 | n/a |
| 22 West 38th Street | 56K SF | 12 | 1912 | $10.85 | Jun 2019, $60.5M |
| 13 West 37th Street | 120K SF | 16 | 1920 | $8.76 | n/a |
| Barbey Building, 15 West 38th Street | 60K SF | 12 | 1909 | $9.29 | n/a |
| Lord & Taylor Building, 424 Fifth Avenue | 614K SF | 14 | 1914 | $35.74 | Mar 2020, $978M |
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
- 8-16 West 38th Street
- ZIP code
- 10018
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 112,120 SF
- Commercial floor area
- 112,120 SF
- Office
- 100,620 SF
- Retail
- 11,500 SF
- Height
- 12 floors
- Average floor
- About 9,300 SF (floor area divided by floors)
- Year built
- 1900
- Last major alteration
- 1986
- Lot area
- 9,875 SF
- Zoning district
- M1-9A/R12
- Built FAR
- 11.35
- Max commercial FAR
- 15
- Tax lot (BBL)
- 1008390055
Nearest subway
- 5 Av
- 34 St-Herald Sq
- Grand Central-42 St
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 storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 2 storefronts at 8 West 38th Street for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2025
- 2
- Vacant that day
- 0
- Share vacant across Midtown
- 14.3%
- Share vacant along West 38th Street
- 9.9%
- Share vacant citywide
- 9.2%
Vacant on December 31, by year
Need a storefront in Midtown? Get matchedNYC storefront vacancy report
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2025, pulled 2026-10-16. 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 2025 filing was due June 1, 2026, 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 JAY ON 38TH STREET, LLC as the owner of record. For tax year 2026/27 the city values 8 West 38th Street at $27.5 million and assesses it at $12.4 million. After phase-ins and exemptions its taxable value is $12.1 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 $1.32 million a year before abatements, roughly $11.75 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
- JAY ON 38TH STREET, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $27,519,000
- Land market value
- $9,710,000
- Assessed value
- $12,383,550
- Taxable value (phased in)
- $12,142,330
- Estimated yearly tax
- About $1.32 million
- Tax per SF of floor area
- About $11.75
City market value by tax year
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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.
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NYC property records (ACRIS)
Sales history
8 West 38th Street last sold in July 2024 for $35 million, according to the deed recorded with the city. The buyer of record was JAY ON 38TH STREET, LLC. That comes to about $312 per square foot of floor area.
- Last sale (deed date)
- July 31, 2024
- Price
- $35,000,000
- Price per SF of floor area
- About $312
- Buyer
- JAY ON 38TH STREET, LLC
- Deed recorded
- August 7, 2024
- ACRIS document
- 2024080600370004
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
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 8 West 38th Street. In the last two years, interior work was permitted on 8 floors (floors 1 to 8 and the cellar). The newest build-out, on floors 1 to 8, was first permitted in April 2026 (mechanical; filed cost estimate $97,000).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 2
- Newest job first permitted
- April 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1 to 8, cellar
Recent build-outs
New jobs by year
Build-outs across MidtownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). 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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Next door, in the Upper East Side
783 Madison 4th Floor
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Questions about 8 West 38th Street
How big is 8 West 38th Street?
8 West 38th Street has about 112,000 square feet of floor area in total, including 101,000 square feet of office and 12,000 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 8 West 38th Street built?
City records list 1900 as the year built, with a major alteration recorded in 1986. The building is 12 floors tall.
What other addresses does 8 West 38th Street have?
City records list 8-16 West 38th Street on the same tax lot (BBL 1008390055) as 8 West 38th Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 8 West 38th Street?
8 West 38th 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 8 West 38th Street, New York, NY 10018, in Midtown.
What is the zoning at 8 West 38th Street?
The lot is in the M1-9A/R12 zoning district. PLUTO lists a built floor area ratio (FAR) of 11.35 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to 8 West 38th Street?
The closest subway station to 8 West 38th Street is 5 Av (the 7, B, D, F and M trains, connected to 42 St-Bryant Pk), about 0.2 miles away in a straight line, roughly 4 minutes on foot. Also nearby: 34 St-Herald Sq (the B, D, F, M, N, Q, R and W trains), 5 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.
Who owns 8 West 38th Street?
The NYC Department of Finance's 2026/27 assessment roll lists JAY ON 38TH STREET, LLC as the owner of record of 8 West 38th Street (BBL 1008390055). 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.
When was 8 West 38th Street last sold?
8 West 38th Street last sold in July 2024 for $35 million, according to the deed recorded with the city. The buyer of record was JAY ON 38TH STREET, LLC. That comes to about $312 per square foot of floor area. The deed is ACRIS document 2024080600370004 (BBL 1008390055) 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.
Is there construction at 8 West 38th Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 8 West 38th Street. In the last two years, interior work was permitted on 8 floors (floors 1 to 8 and the cellar). The newest build-out, on floors 1 to 8, was first permitted in April 2026 (mechanical; filed cost estimate $97,000). These are the Department of Buildings' DOB NOW work permits for tax lot 1008390055. 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 8 West 38th Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $12.1 million for 8 West 38th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.32 million a year, roughly $11.75 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1008390055 show the actual bill.
What is the assessed value of 8 West 38th Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 8 West 38th Street at $27.5 million ($9.71 million of it land) and its assessed value at $12.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 4% from 2022/23 ($28.8 million) to 2026/27.
Are there vacant storefronts at 8 West 38th Street?
Owners registered 2 storefronts at 8 West 38th Street for December 31, 2025, the newest annual filing the city has published, and none stood 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 office space for lease at 8 West 38th Street?
No space at 8 West 38th Street is listed on Leasemark right now. Nearby on Leasemark: office space for lease at 783 Madison 4th Floor in the Upper East Side (994 SF, $66.40/SF/yr). 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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Midtown
Transit hubs in Midtown
- B D F M at 42 St-Bryant Pk
- 7 at 5 Av
- N Q R W at Times Sq