Manhattan
Commercial space in Washington Heights
Washington Heights is home to NewYork-Presbyterian/Columbia University Irving Medical Center at 168th Street, which anchors Upper Manhattan's medical office market. 181st Street and St. Nicholas Avenue are busy neighborhood retail and restaurant corridors.
- Commercial properties
- 723
- Office stock
- 1.5M SF
- Median year built
- 1920
- Known for
- Medical, Retail
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 Washington Heights
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Commercial properties
- 723
- Office space
- 1.5M SF
- Retail space
- 2.7M SF
- Built before 1940
- 81%
Largest office buildings
All 10 large commercial buildings in Washington HeightsAge, height and zoning
- Median year built: 1920.
- Median height: 5 floors.
- Most common zoning districts: R7-2 (529), R8 (113), C4-4 (37).
- Historic districts: Audubon Park Historic District (4 lots), Jumel Terrace Historic District (1 lot).
- 7 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 0.6 mi of Washington Heights' 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 Washington Heights
Every station within about 0.6 mi of Washington Heights' commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 6
- Subway lines
- 3
- Fully accessible
- 2 of 6
- Closest
- 168 St-Washington Hts, 1 min walk
The 6 stations
- 168 St-Washington Hts
- 175 St
- 181 St
- 181 St
- 163 St-Amsterdam Av
- 157 St
Lines
The 1, A and C trains stop within about 0.6 mi of Washington Heights' core.
Step-free access
- 175 St (A) is fully accessible.
- 181 St (A) 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 Washington Heights' 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 Washington Heights
2 sales of the large commercial buildings Leasemark tracks in Washington Heights have been recorded since 2016, $20.4 million in all.
Newest sales
Since 2016
- Largest: 4259 Broadway, $10.3 million in July 2026.
- Newest deed on record: July 2026. The city's open data runs about a month behind.
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 Washington Heights
Of the 10 large commercial buildings Leasemark tracks in Washington Heights, 8 carry property tax on the city's 2026/27 assessment roll. Their median estimated tax is about $8.74 per square foot of floor area a year, before abatements.
Largest estimated bills
Across 8 taxed buildings
- The middle half pay between $8.03 and $9.92 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 $197 a square foot. That is the city's valuation for tax, not a sale price.
- 2 buildings are fully exempt: Lasker Biomedical Research Building and 1112 St. Nicholas Avenue. Exemptions like these are common for government, nonprofit and PILOT properties.
30th highest of 73 NYC neighborhoods by tax per SFHow taxes show up in a lease
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 Washington Heights
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 interior build-outs in 3 of the 10 large commercial buildings Leasemark tracks in Washington Heights, with work permitted on 9 floors in all. Their filed cost estimates add up to about $1 million.
Most build-outs, last 12 months
- 30% of the buildings tracked here had a build-out, against 61% across Manhattan.
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.
Before you sign
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Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
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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.
Questions about Washington Heights
How much commercial space is there in Washington Heights?
New York City's PLUTO tax lot data (26v2) records about 18.1 million square feet of commercial floor area across 723 properties in the part of Washington Heights Leasemark covers, including about 1.5 million square feet of office and about 2.7 million square feet of retail. The largest office building by that measure is 3940 Broadway, at about 127,000 square feet. That is the existing building stock, not space currently available.
What subway lines serve Washington Heights?
Six subway stations sit within about 0.6 mi of Washington Heights' commercial core, served by the 1, A and C trains. The closest is 168 St-Washington Hts (1 A C), roughly 1 minute on foot; then 175 St (A), 181 St (1), 181 St (A), 163 St-Amsterdam Av (C) and 157 St (1). Walking times are straight-line estimates from MTA station data.
Which subway stations in Washington Heights are accessible?
Two of the six stations within about 0.6 mi of Washington Heights' commercial core are fully accessible, per the MTA: 175 St (A) and 181 St (A).
When did a large commercial building in Washington Heights last sell?
The newest sale on record is 4259 Broadway, which sold in July 2026 for $10.3 million to 4259 BROADWAY LLC and DIEGO 167TH STREET II LLC, per the deed recorded with the city. 2 sales, $20.4 million in all, have been recorded of the large commercial buildings Leasemark tracks in Washington Heights since 2016.
How much are commercial property taxes in Washington Heights?
On the Department of Finance's 2026/27 assessment roll, the 8 large commercial buildings Leasemark tracks in Washington Heights that pay property tax come to a median of about $8.74 per square foot of floor area a year, with the middle half between $8.03 and $9.92. 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 2420 Amsterdam Avenue, about $3.14 million a year. 2 more buildings are fully exempt. Many office leases pass a tenant's share of increases over a base year through as additional rent.
How much build-out work is happening in Washington Heights?
In the 12 months to October 2026, the Department of Buildings issued first permits for 4 interior build-outs in 3 of the 10 large commercial buildings Leasemark tracks in Washington Heights, with work permitted on 9 floors in all. Their filed cost estimates add up to about $1 million. The most were at 617 West 181st Street (2 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.
Do tenants in Washington Heights pay the NYC Commercial Rent Tax?
No. Washington Heights is north of 96th Street, and the city repealed the Commercial Rent Tax for premises north of the center line of 96th Street, so a commercial lease here does not pay it at any rent. Space south of 96th Street does.
Is it free to post on Leasemark?
Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.
Getting there
- A C at 168 St
- 1 at 168 St-Washington Hts
- A at 181 St
- 1 at 181 St