Office condominium · Upper West Side, Manhattan
Hearst Magazine Building
959 Eighth Avenue, New York, NY 10019
The Hearst Magazine Building (959 Eighth Avenue) is a 42-floor office condominium in the Upper West Side, Manhattan, built in 1928, with about 704,000 square feet of office space according to city records.
Also known as the Hearst Tower. Also at 949-969 Eighth Avenue, 301-315 West 56th Street and 300-314 West 57th Street.
- Office space
- 704K SF
- Floors
- 42
- Year built
- 1928
- Zoning
- C6-6
The largest of the 20 office buildings we track in the Upper West Side. Compare it with 6 neighbors
No space at 959 Eighth Avenue 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 the Upper West Side and hear the moment a tenant posts a requirement there. Manage or lease this building? Claim this page.
_002.jpg){kind=link}
Print a one-page profile of this building for a tour book or a client proposal.
Compared with its neighbors
How the Hearst Magazine Building compares
Next to the 6 nearest large office buildings, all within a 2 minute walk, the Hearst Magazine Building is the largest by office floor area. It went up in 1928; the median neighbor dates from 1927. Its estimated property tax, about $22.13 a square foot of floor area before abatements, is close to the neighbors' median of $22.54.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| Hearst Magazine Building, 959 Eighth Avenue | 704K SF | 42 | 1928 | $22.13 | n/a |
| 250 West 57th Street | 393K SF | 26 | 1921 | $19.25 | Jun 2026, $275M |
| 4 Columbus Circle | 88K SF | 8 | 1987 | $27.26 | Jul 2011, $96.5M |
| 3 Columbus Circle, 241 West 57th Street | 459K SF | 25 | 1927 | $27.00 | n/a |
| 245 West 55th Street | 64K SF | 11 | 1914 | $9.58 | Jun 2023, $28.5M |
| 1731 Broadway | 553K SF | 26 | 2002 | $25.82 | n/a |
| 1776 Broadway | 103K SF | 24 | 1927 | $14.43 | n/a |
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
- Building name
- Hearst Magazine Building
- Other addresses
- 949-969 Eighth Avenue; 301-315 West 56th Street; 300-314 West 57th Street
- ZIP code
- 10019
- Building type
- Office condominium (city class RB)
- Total floor area
- 703,796 SF
- Commercial floor area
- 703,796 SF
- Office
- 703,796 SF
- Height
- 42 floors
- Average floor
- About 16,800 SF (floor area divided by floors)
- Year built
- 1928
- Last major alteration
- 2022
- Lot area
- 40,166 SF
- Zoning district
- C6-6
- Built FAR
- 17.52
- Max commercial FAR
- 15
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 1010477502
Nearest subway
- 59 St-Columbus Circle
- 57 St-7 Av
- 7 Av
Nearby large buildings
- United States Rubber Company Building, 1784 Broadway
- 250 West 55th Street
- A. T. Demarest & Company and Peerless Motor Car Company Buildings, 224 West 57th Street
- 1740 Broadway
- 254 West 54th Street
- 244 West 54th Street
- 354 West 54th Street
- 888 Seventh Avenue
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); other name checked against Wikipedia, Hearst Tower (Manhattan); 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 3 storefronts at the Hearst Magazine Building for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 1 of 4 stood vacant.
- Storefronts registered for December 31, 2025
- 3
- Vacant that day
- 0
- Share vacant across the Upper West Side
- 10.1%
- Share vacant along Eighth Avenue
- 16.1%
- Share vacant citywide
- 9.2%
- Condominium tax lots that filed
- 1
Vacant on December 31, by year
Need a storefront in the Upper West Side? 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, summed over the condominium's unit lot that filed, 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
Property tax and assessed value
For tax year 2026/27 the city values the Hearst Magazine Building at $319.1 million and assesses it at $143.6 million. After phase-ins and exemptions its taxable value is $143.6 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 $15.6 million a year before abatements, roughly $22.13 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.
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $319,053,500
- Land market value
- $30,000,000
- Assessed value
- $143,574,040
- Estimated yearly tax
- About $15.6 million
- Tax per SF of floor area
- About $22.13
- Condominium tax lots
- 2
- Owners of record
- 1
City market value by tax year
Manage or lease this building? Claim this page. Requests are reviewed by hand.
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll, summed over 2 condominium tax lots), 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.
Own or manage 959 Eighth Avenue? List a space here free and we match it against every active requirement. Renting it out yourself? Read the landlord's checklist.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
The Hearst Magazine Building reported an ENERGY STAR score of 55 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 79.6 kBtu per square foot, 6% below the national median of 85 for a similar property. Its greenhouse gas emissions were about 6,828 metric tons of CO2e (7.98 kg per square foot).
- ENERGY STAR score (2024)
- 55 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 79.6 kBtu/SF
- National median for the type
- 85 kBtu/SF
- Greenhouse gas emissions
- 6,828 t CO2e
- Emissions per SF
- 7.98 kg CO2e
- Floor area in the filing
- 856,000 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 2026-10-16; 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 October 2026, the Department of Buildings issued first permits for 4 jobs at the Hearst Magazine Building. In the last two years, interior work was permitted on 6 floors (floors 3, 10, 12, 17, 18 and 30). The newest build-out, on floor 3, was first permitted in September 2026 (construction; filed cost estimate $1.2 million).
- New jobs, last 12 months
- 4
- Initial permits, last 12 months
- 7
- Newest job first permitted
- September 2026
- Interior build-outs, last 24 months
- 6
- Floors with interior work, last 24 months
- 3, 10, 12, 17, 18 and 30
Recent build-outs
New jobs by year
Build-outs across the Upper West SideWhere 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.
Landmarks Preservation Commission records
Architecture and history
The Hearst Magazine Building was designed by Joseph Urban, George B. Post & Sons and built in 1927-1928 in the Secessionist style. The Landmarks Preservation Commission designated it a New York City landmark on February 16, 1988.
- Architect
- Joseph Urban, George B. Post & Sons
- Constructed
- 1927-1928
- Style
- Secessionist
- Primary material
- Cast limestone
- Built as
- Office building
- Also known as
- Hearst Tower
- City landmark
- Hearst Magazine Building: individual landmark, designated February 16, 1988 (LP-01625)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites and Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-16. A designation can cover part of a lot, such as a facade or a lobby interior.
No office space listed in the Upper West Side yet
Own or broker space at 959 Eighth Avenue? List it free: it shows on this page and is matched against every active requirement the day it goes up.
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 is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
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.
- 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
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the 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 Hearst Magazine Building
What is the address of the Hearst Tower?
The Hearst Tower, also known as the Hearst Magazine Building, is at 959 Eighth Avenue, New York, NY 10019, in the Upper West Side.
How big is the Hearst Magazine Building?
The Hearst Magazine Building has about 704,000 square feet of floor area in total, including 704,000 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 the Hearst Magazine Building built?
The Landmarks Preservation Commission's building records date the Hearst Magazine Building to 1927-1928, designed by Joseph Urban, George B. Post & Sons. The building is 42 floors tall.
Who designed the Hearst Magazine Building?
Joseph Urban, George B. Post & Sons, according to the Landmarks Preservation Commission's building records, which list the style as Secessionist and its original use as an office building.
Is the Hearst Magazine Building a New York City landmark?
Yes. The Landmarks Preservation Commission designated the Hearst Magazine Building an individual landmark on February 16, 1988 (LP-01625). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of the Hearst Magazine Building?
The Hearst Magazine Building is at 959 Eighth Avenue in the Upper West Side, Manhattan. City records list 949-969 Eighth Avenue, 301-315 West 56th Street and 300-314 West 57th Street on the same tax lot (BBL 1010477502). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 959 Eighth Avenue?
959 Eighth Avenue is in ZIP code 10019, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Hearst Magazine Building is at 959 Eighth Avenue, New York, NY 10019, in the Upper West Side.
What is the zoning at the Hearst Magazine Building?
The lot is in the C6-6 zoning district. PLUTO lists a built floor area ratio (FAR) of 17.52 and a maximum commercial FAR of 15 for this lot.
What subway station is closest to the Hearst Magazine Building?
The closest subway station to the Hearst Magazine Building is 59 St-Columbus Circle (the 1, A, B, C and D trains), about 750 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: 57 St-7 Av (the N, Q, R and W trains), 4 min walk; 7 Av (the B, D and E trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
What is the energy grade of the Hearst Magazine Building?
The Hearst Magazine Building reported an ENERGY STAR score of 55 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 55 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 79.6 kBtu per square foot, 6% below the national median of 85 for a similar property. Its greenhouse gas emissions were about 6,828 metric tons of CO2e (7.98 kg per square foot).
Is there construction at the Hearst Magazine Building?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 jobs at the Hearst Magazine Building. In the last two years, interior work was permitted on 6 floors (floors 3, 10, 12, 17, 18 and 30). The newest build-out, on floor 3, was first permitted in September 2026 (construction; filed cost estimate $1.2 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1010477502. 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 the Hearst Magazine Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $143.6 million for the Hearst Magazine Building (the sum of its 2 condominium tax lots). At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $15.6 million a year, roughly $22.13 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1010477502 show the actual bill.
What is the assessed value of the Hearst Magazine Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Hearst Magazine Building at $319.1 million ($30 million of it land) and its assessed value at $143.6 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 5% from 2022/23 ($335.6 million) to 2026/27.
Are there vacant storefronts at the Hearst Magazine Building?
Owners registered 3 storefronts at the Hearst Magazine Building for December 31, 2025, the newest annual filing the city has published, and none stood vacant that day. A year earlier, 1 of 4 stood vacant. 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 the Hearst Magazine Building?
No space at 959 Eighth Avenue 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.
2,723 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.
Upper West Side
Transit hubs in the Upper West Side
- 1 2 3 at 72 St
- B C at 81 St