Manhattan

Commercial space in the Upper West Side

The Upper West Side is a neighborhood retail and medical office market serving one of the densest residential populations in the country, concentrated along Broadway, Columbus, and Amsterdam.

Commercial properties
1,549
Retail stock
6.8M SF
Median year built
1918
Known for
Retail, Medical, Restaurant

Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.

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NYC tax lot records

The building stock in the Upper West Side

What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.

Commercial properties
1,549
Office space
9.3M SF
Retail space
6.8M SF
Built before 1940
78%

Largest retail buildings

  1. 6 floors · built 1927
  2. 5 floors · built 1899
  3. 2 floors · built 1920
  4. 605 West 55th Street23K SF
    2 floors · built 1927
  5. 2241 Broadway21K SF
    5 floors · built 1900
All 25 large commercial buildings in the Upper West Side

Age, height and zoning

  • Median year built: 1918.
  • Median height: 5 floors.
  • Most common zoning districts: R8B (243), R10A (219), R8 (200).
  • Historic districts: Upper West Side / Central Park West Historic District (441 lots), West End-Collegiate Historic District Extension (74 lots), Riverside-West End Historic District Extension I (43 lots).
  • 60 lots are designated city landmarks.

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.7 mi of the Upper West Side's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.

MTA station data

Subway stations in the Upper West Side

Every station within about 0.7 mi of the Upper West Side's commercial core, closest first. Stations joined by a free transfer count once.

Stations
15
Subway lines
7
Fully accessible
4 of 15
Closest
103 St, 1 min walk

The 15 stations

  • 103 St1 min walk · Not accessible
  • 66 St-Lincoln Center2 min walk · Accessible station
  • 86 St2 min walk · Not accessible
  • 72 St6 min walk · Accessible station
  • 79 St6 min walk · Not accessible
  • 72 St7 min walk · Not accessible
  • 86 St7 min walk · Not accessible
  • 96 St8 min walk · Accessible station
  • Cathedral Pkwy (110 St)8 min walk · Not accessible
  • 103 St8 min walk · Not accessible
  • 81 St-Museum of Natural History8 min walk · Not accessible
  • 59 St-Columbus Circle9 min walk · Accessible station
  • 96 St10 min walk · Not accessible
  • Cathedral Pkwy (110 St)11 min walk · Not accessible
  • 116 St-Columbia University14 min walk · Not accessible

Lines

The 1, 2, 3, A, B, C and D trains stop within about 0.7 mi of the Upper West Side's core.

Step-free access

  • 66 St-Lincoln Center (1) is fully accessible.
  • 72 St (1 2 3) is fully accessible.
  • 96 St (1 2 3) is fully accessible.
  • 59 St-Columbus Circle (1 A B C D) is fully accessible.

Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of the Upper West Side's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.

NYC property records (ACRIS)

Recent building sales in the Upper West Side

4 sales of the large commercial buildings Leasemark tracks in the Upper West Side have been recorded since 2016, $516.7 million in all.

Newest sales

  1. June 2026 · $631 a SF · to FIFTY SEVENTH 8TH REALTY LLC
  2. July 2025 · $620 a SF · to STORAGE POST / 475 AMSTERDAM AVE, LLC
  3. February 2025 · $750 a SF · to HEBREW UNION COLLEGE JEWISH INSTITUTE OF RELIGIO
  4. 108 West 107th Street$149.7 million
    December 2021 · $1,314 a SF · to SM I MMS, L.L.C

Since 2016

  • Largest: 250 West 57th Street, $275 million in June 2026.
  • Median price: about $691 a square foot of floor area, across 4 one-building sales.
  • Newest deed on record: June 2026. The city's open data runs about a month behind.
All 4 building sales in the Upper West Side

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, buyers named only when they are companies. These are sales of the large buildings Leasemark tracks, not every sale here: condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.

NYC Department of Finance

Commercial property taxes in the Upper West Side

Of the 25 large commercial buildings Leasemark tracks in the Upper West Side, 24 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $13.86 per square foot of floor area a year, before abatements.

Largest estimated bills

  1. $22.13 a SF · market value $319.1 million
  2. $27.00 a SF · market value $312.5 million
  3. $15.53 a SF · market value $280.9 million
  4. $19.25 a SF · market value $186.9 million
  5. $23.25 a SF · market value $101.3 million
  6. $12.01 a SF · market value $107.2 million

Across 24 taxed buildings

  • The middle half pay between $9.57 and $20.74 a square foot of floor area a year.
  • Manhattan median: $13.55 a square foot, across 1388 large buildings Leasemark tracks.
  • Median market value on the roll: about $355 a square foot. That is the city's valuation for tax, not a sale price.
  • 1 building is fully exempt: 56 West 66th Street. Exemptions like these are common for government, nonprofit and PILOT properties.

Source: NYC Department of Finance, Property Valuation and Assessment Data, 2026/27 roll, pulled 2026-10-16. Estimates are the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), divided by the building's floor area in PLUTO. They leave out abatements such as ICAP, payment-in-lieu-of-taxes agreements and charges, so actual bills differ. Large buildings only (35,000 SF and up in Manhattan).

NYC Department of Buildings permits

Interior build-outs in the Upper West Side

In the 12 months to October 2026, the Department of Buildings issued first permits for 32 interior build-outs in 14 of the 25 large commercial buildings Leasemark tracks in the Upper West Side, with work permitted on 55 floors in all. Their filed cost estimates add up to about $19 million.

Most build-outs, last 12 months

  1. 5 floors with work
  2. 4 floors with work
  3. 5 floors with work
  4. 13 floors with work
  5. 4 floors with work
  6. 4 floors with work
  • 56% of the buildings tracked here had a build-out, against 61% across Manhattan.

Build-outs by quarter

  • Q1 202515
  • Q2 202512
  • Q3 20258
  • Q4 20259
  • Q1 20269
  • Q2 20269
  • Q3 20269
  • Q4 2026 to Oct 220

Newest

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.

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Questions about the Upper West Side

How much commercial space is there in the Upper West Side?

New York City's PLUTO tax lot data (26v2) records about 54.8 million square feet of commercial floor area across 1,549 properties in the part of the Upper West Side Leasemark covers, including about 9.3 million square feet of office and about 6.8 million square feet of retail. The largest retail building by that measure is 625 West 55th Street, at about 89,000 square feet. That is the existing building stock, not space currently available.

What subway lines serve the Upper West Side?

15 subway stations sit within about 0.7 mi of the Upper West Side's commercial core, served by the 1, 2, 3, A, B, C and D trains. The closest is 103 St (1), roughly 1 minute on foot; then 66 St-Lincoln Center (1), 86 St (1), 72 St (1 2 3), 79 St (1), 72 St (B C), 86 St (B C) and 8 more. Walking times are straight-line estimates from MTA station data.

Which subway stations in the Upper West Side are accessible?

Four of the 15 stations within about 0.7 mi of the Upper West Side's commercial core are fully accessible, per the MTA: 66 St-Lincoln Center (1), 72 St (1 2 3), 96 St (1 2 3) and 59 St-Columbus Circle (1 A B C D).

When did a large commercial building in the Upper West Side last sell?

The newest sale on record is 250 West 57th Street, which sold in June 2026 for $275 million to FIFTY SEVENTH 8TH REALTY LLC, per the deed recorded with the city. 4 sales, $516.7 million in all, have been recorded of the large commercial buildings Leasemark tracks in the Upper West Side since 2016.

See every building sale in the Upper West Side

How much are commercial property taxes in the Upper West Side?

On the Department of Finance's 2026/27 assessment roll, the 24 large commercial buildings Leasemark tracks in the Upper West Side that pay property tax come to a median of about $13.86 per square foot of floor area a year, with the middle half between $9.57 and $20.74. That is the taxable value after exemptions times the Class 4 rate of 10.848% (tax year 2025/26, the latest the city lists), before abatements such as ICAP. The largest estimated bill is Hearst Magazine Building, 959 Eighth Avenue, about $15.6 million a year. 1 more building is fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.

How taxes show up in gross and net leases

How much build-out work is happening in the Upper West Side?

In the 12 months to October 2026, the Department of Buildings issued first permits for 32 interior build-outs in 14 of the 25 large commercial buildings Leasemark tracks in the Upper West Side, with work permitted on 55 floors in all. Their filed cost estimates add up to about $19 million. The most were at 1995 Broadway (7 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.

Build-outs in every NYC neighborhood

Do tenants in the Upper West Side pay the NYC Commercial Rent Tax?

It depends on the address. The tax covers Manhattan premises south of the center line of 96th Street, and the Upper West Side runs up to that line: space below 96th Street is in the zone, space above it is not. A tenant owes it only when base rent for the space is $250,000 a year or more. The tax is 6% of base rent after a 35% reduction, so 3.9% of rent, with a sliding credit between $250,000 and $300,000, and the Small Business Tax Credit wipes it out for businesses with total income of $5 million or less and base rent under $500,000.

Estimate it with the Commercial Rent Tax calculator

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