New York City  »  10018  »  W 40th St  »  342 W 40th St

Distrikt Hotel - 342 West 40th Street, New York, NY 10018 - Property report

Also known as: 342 W 40th St

Property image for Distrikt Hotel - 342 West 40th Street, New York, NY 10018
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Property type

Full Service Hotel (H2)

Year built

2010

Lot sq. ft.

3,291

Sale price

$15,225,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Building name
Distrikt Hotel
Primary address
Distrikt Hotel - 342 West 40th Street
Alternate address(es)
342-344 W 40th St
ZIP code
10018
Neighborhood
Garment District
Borough
Manhattan
Block & lot
00763-0065

Owner

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Building
Property type
Full Service Hotel (H2)
Building sq. ft.
67,130
Building dimensions
33.33 ft x 98 ft
Buildings on lot
1
Stories
32
Year built
2010
Building material
Sales
Sale date
04/30/2012
Sale price
$15,225,000
Tax
Tax year
2026-2027
Property tax
$1,213,717
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
33.33 ft x 98.75 ft
Lot sq. ft.
3,291

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
91 /100.  Biker's Paradise
School district
2
Community district
4
Closest police station
0.18 Miles
Closest fire station
0.18 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for Distrikt Hotel - 342 West 40th Street, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for Distrikt Hotel - 342 West 40th Street, New York, NY 10018

Sale date Sale price Buyer name Seller name
04/30/2012 $15,225,000 XXXXX XXXXX XX XXXX XXXX XXXXXX XXX XXX XXXXXXXX XXX
05/30/2007 $8,475,000 XXX XXXXXXXX XXX XXXXXXX XXXXXXXXXX, XX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/30/2024 - R
10/29/2024 - D		 Assignment of Lease
(2024122600796001)		 XXXX X XXXXX XXXXXXX XXX XXXXXXXXXXXXX XXX XXX
02/17/2023 - R UCC3 Assignment
(2023021600681002)		 XXX XXXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
02/17/2023 - R
02/07/2023 - D		 Assignment, Mortgage
(2023021600681001)		 X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXX XXXXXXXXXXX XX XXX XXX
02/17/2022 - R UCC3 Continuation
(2022021501422001)		 XXXXX XXXXX XX XXXX XXXX XXXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
12/13/2021 - R UCC3 Continuation
(2021121000881001)		 XXX XXXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
07/06/2017 - R UCC3 Continuation
(2017070601057001)		 XXXXX XXXXX XX XXXX XXXX XXXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
07/05/2017 - R UCC3 Amendment
(2017070500770001)		 XXXXX XXXXX XX XXXX XXXX XXXXXX XXX XXXXXXXX XXXXXXX XXXX XXXXXXXXX XXXXXXX
12/01/2016 - R UCC3 Continuation
(2016120100112001)		 XXX XXXXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
09/14/2012 - R UCC3 Assignment
(2012082300765002)		 XXX XXXXXXXX XXX XXXX XX XXXXXXX X X
09/14/2012 - R
07/30/2012 - D		 Assignment, Mortgage
(2012082300765001)		 XXXX XX XXXXXXX X X X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Distrikt Hotel - 342 West 40th Street, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$1,213,717
Municipal exemptions
Recent tax assessments
Market value
$26,274,000
Assessed value
$11,823,300

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $26,199,000 $11,789,550 $10,848,550 10.848% $1,176,851 $1,176,851 -3.49%
2024/25 $25,178,000 $11,330,100 $11,330,100 10.762% $1,219,345 $1,219,345 +2.76%
2023/24 $24,896,000 $11,203,200 $11,203,200 10.592% $1,186,643 $1,186,643 +7.60%
2022/23 $23,020,000 $10,359,000 $10,359,000 10.646% $1,102,819 $1,102,819 +1.28%
2021/22 $22,498,000 $10,124,100 $10,124,100 10.755% $1,088,847 $1,088,847 -30.48%
2020/21 $32,548,000 $14,646,600 $14,646,600 10.694% $1,566,307 $1,566,307 -3.13%
2019/20 $34,102,000 $15,345,900 $15,345,900 10.537% $1,616,997 $1,616,997 +0.23%
2018/19 $34,098,000 $15,344,100 $15,344,100 10.514% $1,613,279 $1,613,279 -0.09%
2017/18 $36,199,000 $16,289,550 $15,357,910 10.514% $1,614,731 $1,614,731 +3.96%
2016/17 $38,845,000 $17,480,250 $14,688,590 10.574% $1,553,172 $1,553,172 +5.20%
Permits

Permit information for Distrikt Hotel - 342 West 40th Street, New York, NY

Filing date Job type Job status Job description Initial cost
09/19/2024 Alteration
09/03/2024 Alteration
03/06/2024 Alteration
02/14/2024 Alteration
02/14/2024 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
08/01/2024 Fispfcs-failure to correct swarmp conditions (facade) facade required
02/21/2024 Fisphaz-hazardous condition (facade) facade required
06/30/2023 Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record for this property.

Neighborhood

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
8th Ave & 40th St at SW Corner
Station lines
A-C-E-N-Q-R-S-1-2-3-7
Distance (miles)
0.105
View subway map

Access the detailed traffic volume map for Distrikt Hotel - 342 West 40th Street, New York, NY 10018 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for Distrikt Hotel - 342 West 40th Street, New York, NY

356 W 40th St, New York 536 9th Ave, New York 534 9th Ave, New York 243 W 14th St, New York 304 W 40th St, New York 310 W 40th St, New York 302 W 40th St, New York 538 9th Ave, New York 330 W 40th St, New York 314 W 40th St, New York 609 8th Ave, New York 255 W 14th St, New York 308 W 40th St, New York 306 W 40th St, New York 300 W 40th St, New York 350 W 40th St, New York 340 W 40th St, New York

Nearby ZIP codes for Distrikt Hotel - 342 West 40th Street, New York, NY

10001, New York City, NY 10011, New York City, NY 10016, New York City, NY 10019, New York City, NY 10020, New York City, NY 10036, New York City, NY 10103, New York City, NY 10110, New York City, NY 10112, New York City, NY 10119, New York City, NY 10165, New York City, NY 10167, New York City, NY 10169, New York City, NY 10170, New York City, NY 10173, New York City, NY 10174, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Distrikt Hotel - 342 West 40th Street, New York, NY 10018?

The development at Distrikt Hotel - 342 West 40th Street, New York, NY 10018 was built in 2010.

What is the market value of Distrikt Hotel - 342 West 40th Street, New York, NY 10018?

The current market value of Distrikt Hotel - 342 West 40th Street, New York, NY 10018 is $26,274,000.

What is the total square footage of Distrikt Hotel - 342 West 40th Street, New York, NY 10018?

Distrikt Hotel - 342 West 40th Street, New York, NY 10018 has a total of 67,130 square feet.

What is the price per square foot for this property?

$226 per square foot is the price for Distrikt Hotel - 342 West 40th Street, New York, NY 10018.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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