Manhattan  »  10018  »  W 38th St  »  242 W 38th St

242 West 38th Street, New York, NY 10018 - Property report

Also known as: 242 W 38th St

Property image for 242 West 38th Street, New York, NY 10018
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Property type

Office with Commercial 7-19 Stories (O6)

Year built

1923

Lot sq. ft.

3,442

Sale price

$9,000,000

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
Primary address
242 West 38th Street
Alternate address(es)
242-244 W 38th St
ZIP code
10018
Neighborhood
Garment District
Borough
Manhattan
Block & lot
00787-0065

Owner

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Building
Property type
Office with Commercial 7-19 Stories (O6)
Building sq. ft.
47,661
Building dimensions
36 ft x 99 ft
Buildings on lot
1
Stories
14
Year built
1923
Last altered
1963
Building material
Sales
Sale date
05/07/2026
Sale price
$9,000,000
Tax
Tax year
2026-2027
Property tax
$248,815
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
35.75 ft x 98.75 ft
Lot sq. ft.
3,442

Area overview

Walk score
97 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
87 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.21 Miles
Closest fire station
0.03 Miles

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

Ownership

Ownership information for 242 West 38th 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 242 West 38th Street, New York, NY 10018

Sale date Sale price Buyer name Seller name
05/07/2026 $9,000,000 XXX XXXX XXXX XXXXXXXX XXX XXX XXXX XXXX XXXXXX, XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/11/2026 - R UCC3 Termination
(2026050800867009)		 XXX XXXX XXXX XXXXXX XXX XXXXXXXX XXXX X X
05/11/2026 - R Initial UCC1
(2026050800867007)		 XXX XXXX XXXX XXXXXXXX XXX XXX XXXXXX XXXXXXXXXX XXX
05/20/2026 - R
05/07/2026 - D		 Asgn of Asgn of L&R
(2026051700034001)		 XXX XXXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXXXXXX X XX
05/11/2026 - R
05/07/2026 - D		 Assignment, Mortgage
(2026050800867006)		 XXX XXXXXX XXXXXXXXXX XXX XXXXX XXXXXX XXXXXXXX X XX
05/11/2026 - R
05/07/2026 - D		 Assignment of Leases and Rents
(2026050800867005)		 XXX XXXX XXXX XXXXXXXX XXX XXX XXXXXX XXXXXXXXXX XXX
05/11/2026 - R
05/07/2026 - D		 Agreement
(2026050800867004)		 XXX XXXX XXXX XXXXXXXX XXX XXX XXXXXX XXXXXXXXXX XXX
05/11/2026 - R
05/07/2026 - D		 Mortgage
(2026050800867003)		 XXX XXXX XXXX XXXXXXXX XXX XXX XXXXXX XXXXXXXXXX XXX
05/11/2026 - R
05/07/2026 - D		 Deed
(2026050800867001)		 XXX XXXX XXXX XXXXXX XXX XXX XXXX XXXX XXXXXXXX XXX
05/11/2026 - R
04/08/2026 - D		 Termination of Assign of L&R
(2026050800867008)		 XXXXXXXX XXXX X X XXX XXXX XXXX XXXXXX XXX
05/11/2026 - R
04/08/2026 - D		 Assignment, Mortgage
(2026050800867002)		 XXXXXXXX XXXX X X XXX XXXXXX XXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 242 West 38th 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
$248,815
Municipal exemptions
Recent tax assessments
Market value
$5,097,000
Assessed value
$2,293,650

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 $4,556,000 $2,050,200 $2,050,200 10.848% $222,406 $222,406 -2.62%
2024/25 $4,716,000 $2,122,200 $2,122,200 10.762% $228,391 $228,391 -20.94%
2023/24 $6,061,000 $2,727,450 $2,727,450 10.592% $288,892 $288,892 +15.50%
2022/23 $5,221,000 $2,349,450 $2,349,450 10.646% $250,122 $250,122 -3.20%
2021/22 $5,339,000 $2,402,550 $2,402,550 10.755% $258,394 $258,394 -27.74%
2020/21 $7,431,000 $3,343,950 $3,343,950 10.694% $357,602 $357,602 -4.25%
2019/20 $9,545,000 $4,295,250 $3,544,330 10.537% $373,466 $373,466 +7.31%
2018/19 $9,631,000 $4,333,950 $3,310,070 10.514% $348,021 $348,021 +11.44%
2017/18 $7,792,000 $3,506,400 $2,970,280 10.514% $312,295 $312,295 +8.52%
2016/17 $7,300,000 $3,285,000 $2,721,430 10.574% $287,764 $287,764 +7.14%
Permits

Permit information for 242 West 38th Street, New York, NY

Filing date Job type Job status Job description Initial cost
05/10/2023 Alteration
08/31/2021 Alteration type 3
08/26/2021 Alteration
03/24/2020 Alteration
09/26/2019 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
11/14/2025 Lblvio-low pressure boiler boiler required
11/14/2025 Lblvio-low pressure boiler boiler required
11/14/2025 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
7th Ave & 40th St at SW Corner
Station lines
A-C-E-N-Q-R-S-1-2-3-7
Distance (miles)
0.128
View subway map

Access the detailed traffic volume map for 242 West 38th 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 242 West 38th Street, New York, NY

584 8th Ave, New York 230 W 38th St, New York 256 W 38th St, New York 554 8th Ave, New York 225 W 37th St, New York 237 W 37th St, New York 580 8th Ave, New York 273 W 38th St, New York 247 W 37th St, New York 265 W 37th St, New York 246 W 38th St, New York 570 8th Ave, New York 257 W 38th St, New York 262 W 38th St, New York 263 W 38th St, New York 241 W 37th St, New York 240 W 38th St, New York 228 W 38th St, New York 500 7th Ave, New York 221 W 37th St, New York

Nearby ZIP codes for 242 West 38th 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 242 West 38th Street, New York, NY 10018?

The development at 242 West 38th Street, New York, NY 10018 was built in 1923.

What is the market value of 242 West 38th Street, New York, NY 10018?

The current market value of 242 West 38th Street, New York, NY 10018 is $5,097,000.

What is the total square footage of 242 West 38th Street, New York, NY 10018?

242 West 38th Street, New York, NY 10018 has a total of 47,661 square feet.

What is the price per square foot for this property?

$188 per square foot is the price for 242 West 38th Street, New York, NY 10018.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 15.

How many active listings does 242 West 38th Street, New York, NY 10018 have?

This address has 4 active listing(s).

Disclaimer

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