| Primary address | 242 West 38th Street |
| Secondary address | 242-244 W 38th St |
| Neighborhood | Garment District |
| Zip code | 10018 |
| Borough | Manhattan |
| Block & lot | 00787-0065 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 05/07/2026 |
| Purchase price | $9,000,000 |
| Tax class | Register |
| Estimated property tax | $248,815 |
| Lot sqft | 3,442 |
| Lot dimensions | |
| Building class | Office with Commercial 7-19 Stories (O6)
|
| Building sqft | 47,661 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 14 |
| Year built | 1923 |
| Year last altered | 1963 |
| Construction type | Register |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.21 Miles |
| Closest fire station | 0.03 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
This Office with Commercial 7-19 Stories (O6) located at 242 West 38th Street, New York, NY 10018 has a total of 47,661 square feet and a current price per square foot of $188.
What is the year built & the current market value of 242 West 38th Street, New York, NY 10018?242 West 38th Street, New York, NY 10018 was built in 1923 and has a current tax assessor's market value of $4,556,000.
How many commercial spaces does this building have?This building has 15 commercial spaces available for lease. There are 4 active listings at this address.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
| Listing type | For Lease |
|---|---|
| Listing date | 03/30/2023 |
| Last updated | 01/23/2025 |
| Lot size | 0.08 Acre |
3,400-3,800 SF Office Space, Some Spaces Can Be Combined For Up To 7,600 SF Of Space, Walking Distance To The 1, 2, 3, 7, B, D, F, M, N, Q, R & S Subway Lines As Well As Plenty Of Buses, Restaurants, Bars And Activities All In The Area
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 2nd Floor | Office | $35/Sqft/Year | 3,800 | Sam Hamway (914) 979-7395 |
| 3rd Floor | Office | $35/Sqft/Year | 3,800 | Sam Hamway (914) 979-7395 |
| 8th Floor | Office | $39/Sqft/Year | 3,600 | Sam Hamway (914) 979-7395 |
| 9th Floor | Office | $39/Sqft/Year | 3,400 | Sam Hamway (914) 979-7395 |
Create a free account to view the complete sales history for 242 West 38th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 05/07/2026 | $9,000,000 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 242 West 38th Street, New York, NY 10018. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $222,406 |
| Estimated property tax: | $248,815 |
| Tax assessor's market value: | $4,556,000 |
| Assessed value: | $2,050,200 |
Here's the assessment & property tax history for 242 West 38th Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year 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% |
The complete history of permits filed for 242 West 38th Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 7 Av/W 39 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.084 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 242 West 38th Street, New York, NY 10018.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 584 8th Ave, New York | 45,136 | 01/17/2001 | |
| 230 W 38th St, New York | 137,887 | 11/14/2012 | |
| 256 W 38th St, New York | 96,736 | 11/14/2025 | |
| 554 8th Ave, New York | 255,696 | 06/26/1998 | |
| 225 W 37th St, New York | 163,103 | 11/14/2012 | |
| 237 W 37th St, New York | 64,280 | 07/25/2007 | |
| 580 8th Ave, New York | 72,649 | 12/19/2018 | $17,705,951 |
| 273 W 38th St, New York | 13,155 | 06/12/2002 | |
| 247 W 37th St, New York | 214,130 | 02/11/1997 | |
| 265 W 37th St, New York | 225,858 | 01/13/2021 | |
| 246 W 38th St, New York | 96,275 | 01/17/2017 | $6,215,000 |
| 570 8th Ave, New York | 4,251 | 01/14/1983 | |
| 257 W 38th St, New York | 78,325 | 02/11/1980 | |
| 262 W 38th St, New York | 95,491 | 01/15/2013 | |
| 263 W 38th St, New York | 146,377 | 03/25/2015 | |
| 241 W 37th St, New York | 87,802 | 04/24/2001 | |
| 240 W 38th St, New York | 6,468 | 10/23/2008 | $5,500,000 |
| 228 W 38th St, New York | 12,245 | 05/09/2002 | |
| 500 7th Ave, New York | 606,078 | 01/28/2011 | |
| 221 W 37th St, New York | 21,180 | 05/25/2022 | $15,450,000 |
