New York City  »  10001  »  W 32nd St  »  116 W 32nd St

Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001 - Property report

Also known as: 119-123 W 31st St

Property image for Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001
static Mapbox map

Property type

Office with Commercial 7-19 Stories (O6)

Year built

1912

Lot sq. ft.

13,989

Sale price

$349,707

General information

Unlock this property report with a free account

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
Gimbels Administration Building
Primary address
Gimbels Administration Building - 116 West 32nd Street
Alternate address(es)
116-122 W 32nd St
119-123 W 31st St
ZIP code
10001
Neighborhood
Chelsea
Borough
Manhattan
Block & lot
00807-0028

Owner

Find out who owns Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001. Uncover corporate and individual owners with a free account.

Building
Property type
Office with Commercial 7-19 Stories (O6)
Building sq. ft.
221,227
Building dimensions
71 ft x 197 ft
Buildings on lot
1
Stories
16
Year built
1912
Last altered
1982
Building material
Sales
Sale date
06/07/2016
Sale price
$349,707
Tax
Tax year
2026-2027
Property tax
$2,367,290
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
70.83 ft x 197.5 ft
Lot sq. ft.
13,989

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
91 /100.  Biker's Paradise
School district
2
Community district
5
Closest police station
0.42 Miles
Closest fire station
0.05 Miles

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

Ownership

Ownership information for Gimbels Administration Building - 116 West 32nd Street, New York, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

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

Sales history for Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001

Sale date Sale price Buyer name Seller name
06/07/2016 $349,707 XXX XXXXXXXXXXX XXXX XXX XXXXX XXXXXXXX, 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
01/31/2025 - R
01/12/2025 - D		 Agreement
(2025012400025001)		 XXX XXXXXXXXXX XX XXXXXXXXXXXXXX XXX XXX X XXXX XXXXXX XXX
12/05/2024 - R Initial UCC1
(2024120400827004)		 XXX XXXX XXXX X XXX XX XXXX
12/05/2024 - R UCC3 Termination
(2024120400827003)		 XXXXXX XXXXXXXXXXX XXX XXX XX XXXX
12/05/2024 - R
12/03/2024 - D		 Deed
(2024120400827001)		 XXXXXX XXXXXXXXXXX XXX XXX XXX XXXX XXXX X XXX
12/05/2024 - R
11/03/2024 - D		 Assumption of Mortgage
(2024120400827002)		 XX XXXX XXX XXXX XXXX X XXX
11/10/2021 - R UCC3 Continuation
(2021111000410001)		 XXXXXX XXXXXXXXXXX XXX XXX XXXXXXX XXXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/03/2017 - R Initial UCC1
(2016111000804006)		 XXXXXX XXXXXXXXXXX XXX XXX XXXXXXX XXXXXX XXXX XXXXXXXX XXXXXXXXXXX
11/14/2016 - R UCC3 Termination
(2016111100772001)		 XXXXXX XXXXXXXXXXX XXX XXX XXXXXXXXX XXXXXX XXXXXXX XXXXXX XXXX
01/03/2017 - R
11/04/2016 - D		 Assignment of Leases and Rents
(2016111000804005)		 XXXXXX XXXXXXXXXXX XXX XXX XXXXXXX XXXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/03/2017 - R
11/04/2016 - D		 Mortgage
(2016111000804004)		 XXXXXX XXXXXXXXXXX XXX XXX XXXXXXX XXXXXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Gimbels Administration Building - 116 West 32nd 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
$2,367,290
Municipal exemptions
Recent tax assessments
Market value
$54,599,000
Assessed value
$24,569,550

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 $47,656,000 $21,445,200 $20,105,340 10.848% $2,181,027 $2,181,027 +0.45%
2024/25 $47,343,000 $21,304,350 $20,174,730 10.762% $2,171,204 $2,171,204 +0.51%
2023/24 $46,706,000 $21,017,700 $20,394,000 10.592% $2,160,132 $2,160,132 +1.13%
2022/23 $50,663,000 $22,798,350 $20,064,260 10.646% $2,136,041 $2,136,041 +24.25%
2021/22 $35,521,000 $15,984,450 $15,984,450 10.755% $1,719,128 $1,719,128 -20.31%
2020/21 $48,427,000 $21,792,150 $20,173,100 10.694% $2,157,311 $2,157,311 +4.11%
2019/20 $45,283,000 $20,377,350 $19,664,670 10.537% $2,072,066 $2,072,066 -0.15%
2018/19 $44,364,000 $19,963,800 $19,736,330 10.514% $2,075,078 $2,075,078 +3.10%
2017/18 $44,953,000 $20,228,850 $19,143,570 10.514% $2,012,755 $2,012,755 +4.48%
2016/17 $44,420,000 $19,989,000 $18,218,550 10.574% $1,926,429 $1,926,429 +2.28%
Permits

Permit information for Gimbels Administration Building - 116 West 32nd Street, New York, NY

Filing date Job type Job status Job description Initial cost
03/28/2026 Alteration
03/27/2026 Alteration
03/27/2026 Alteration
03/27/2026 Alteration
03/27/2026 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
02/22/2023 Fispnrf-no report and / OR late filing (facade) facade required
12/01/2021 Egrade-failure to post energy grade/score
04/29/2021 Egrade-failure to post energy grade/score none

*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
6th Ave & 32nd St at NW Corner
Station lines
B-D-F-M-N-Q-R
Distance (miles)
0.058
View subway map

Access the detailed traffic volume map for Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001 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 Gimbels Administration Building - 116 West 32nd Street, New York, NY

875 6th Ave, New York 142 W 31st St, New York 100 W 33rd St, New York 401 7th Ave, New York 429 7th Ave, New York 124 W 31st St, New York 120 W 31st St, New York 135 W 31st St, New York 143 W 31st St, New York 148 W 31st St, New York 138 W 32nd St, New York 425 7th Ave, New York 144 W 32nd St, New York 421 7th Ave, New York 116 W 31st St, New York 142 W 32nd St, New York 371 7th Ave, New York 137 W 31st St, New York 140 W 31st St, New York

Nearby ZIP codes for Gimbels Administration Building - 116 West 32nd Street, New York, NY

10010, New York City, NY 10011, New York City, NY 10014, New York City, NY 10016, New York City, NY 10018, 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 10169, New York City, NY 10170, New York City, NY 10173, New York City, NY 10177, New York City, NY

Frequently asked questions

What is the year built for Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001?

The development at Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001 was built in 1912.

What is the market value of Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001?

The current market value of Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001 is $54,599,000.

What is the total square footage of Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001?

Gimbels Administration Building - 116 West 32nd Street, New York, NY 10001 has a total of 221,227 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 10.

Disclaimer

Copyright 2003-2026 by PropertyShark.com

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

Sign up for a free account