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40 West 38th Street, New York, NY 10018 Property Information

40 West 38th Street, New York, NY 10018 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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40 West 38th Street, New York, NY 10018 2
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Address

Primary address 40 West 38th Street
Neighborhood Garment District
Zip code 10018
Borough Manhattan
Block & lot 00839-0069

Sales & Tax Overview for 40 West 38th Street, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 07/07/2016
Purchase price $15,350,000
Tax class
Estimated property tax $120,770

Lot & Building Information for 40 West 38th Street, New York

Lot sqft 2,074
Lot dimensions 21 ft x 98.75 ft
Building class Office with Commercial - 1 to 6 Stories (O5) i
Building sqft 11,332
Building dimensions 21 ft x 95 ft
Buildings on lot 1
Stories 6
Year built 1930
Construction type
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Zoning & Use for 40 West 38th Street, New York

Zoning
Commercial units 7
Office sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 2
Community district 5
Closest police station 0.54 Miles
Closest fire station 0.26 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 40 West 38th Street, New York

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 40 West 38th Street, New York, NY 10018, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 40 West 38th Street, New York, NY 10018, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 40 West 38th Street, New York

How many square feet does 40 West 38th Street, New York, NY 10018 have?

This Office with Commercial - 1 to 6 Stories (O5) located at 40 West 38th Street, New York, NY 10018 has a total of 11,332 square feet.

What is the year built & the current market value of 40 West 38th Street, New York, NY 10018?

40 West 38th Street, New York, NY 10018 was built in 1930 and has a current tax assessor's market value of $2,745,000.

How many commercial spaces does this building have?

This building has 7 commercial spaces available for lease.

Ownership Information for 40 West 38th Street, New York

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Property owner name for 40 West 38th Street, New York, NY 10018
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Building contacts for 40 West 38th Street, New York, NY 10018
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 40 West 38th Street, New York

Create a free account to view the complete sales history for 40 West 38th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
07/07/2016 $15,350,000

Title Documents for 40 West 38th Street, New York

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.

Date Type Amount Party 1 Party 2 Doc image
08/26/2021 - R UCC3 Termination
(2021081600825009)
08/26/2021 - R UCC3 Termination
(2021081600825008)
08/26/2021 - R Initial UCC1
(2021081600825007)
07/28/2021 - D
08/26/2021 - R
Assignment of Leases and Rents
(2021081600825006)
07/28/2021 - D
08/26/2021 - R
Agreement
(2021081600825005)
07/28/2021 - D
08/26/2021 - R
Mortgage
(2021081600825004)
07/21/2021 - D
08/26/2021 - R
Assignment, Mortgage
(2021081600825003)
07/21/2021 - D
08/26/2021 - R
Termination of Assign of L&R
(2021081600825002)
07/21/2021 - D
08/26/2021 - R
Termination of Assign of L&R
(2021081600825001)
06/27/2019 - R Initial UCC1
(2019062500155002)
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R: Recorded date
D: Document date

Property Taxes for 40 West 38th Street, New York

Access detailed property tax data for 40 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: $130,593
Estimated property tax: $120,770
Tax assessor's market value: $2,745,000
Assessed value: $1,235,250

Assessment History for 40 West 38th Street, New York

Here's the assessment & property tax history for 40 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 $2,745,000 $1,235,250 $1,203,840 10.848% $130,593 $130,593 +0.64%
2024/25 $2,788,000 $1,254,600 $1,205,730 10.762% $129,761 $129,761 +9.51%
2023/24 $2,486,000 $1,118,700 $1,118,700 10.592% $118,493 $118,493 -6.64%
2022/23 $2,715,000 $1,221,750 $1,192,230 10.646% $126,925 $126,925 +2.48%
2021/22 $2,642,000 $1,188,900 $1,151,640 10.755% $123,859 $123,859 +4.46%

Permits for 40 West 38th Street, New York

The complete history of permits filed for 40 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.

Filing date Job type Job status Job description Initial cost
05/10/2024 Alteration
04/23/2024 Alteration
04/23/2024 Alteration
03/15/2016 Alteration type 2
12/02/2015 Alteration type 2
11/14/2014 Alteration type 2
03/18/2011 Alteration type 3
03/16/2011 Alteration type 3
03/08/2011 Alteration type 3
05/04/2009 Alteration type 1
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Manhattan Commercial Market Stats

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.

Median Price/Sqft Q3/2025
$611
-10.5% YoY
Median Price/Sqft Q2/2025
$625
5.3% YoY
Median Price/Sqft 2024
$620
-4.2% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station 6th Ave & 40th St at SE Corner
Station lines B-D-F-M-7
Distance (miles) 0.13
View subway map
Bus Routes
Name 6 Av/W 38 St
Distance (miles) 0.077

Neighbors for 40 West 38th Street, New York

Here are the neighbors for 40 West 38th Street, New York, NY 10018.

Address Square feet Purchase date Purchase price
42 W 38th St, New York 66,577 04/15/2003 $11,965,000
18 W 38th St, New York 7,140 05/03/2024
69 W 38th St, New York 17,464 09/26/2018 $880,055
26 W 38th St, New York 14,439 05/04/1980
22 W 38th St, New York 60,000 04/30/2025 $54,196
48 W 38th St, New York 120,000 02/05/1996
63 W 38th St, New York 121,060 07/05/2024
36 W 38th St, New York 80,649 05/01/2017 $19,250,000
28 W 38th St, New York 55,870 05/04/1980
20 W 38th St, New York 11,445 02/03/2004
8 W 38th St, New York 112,120 07/31/2024 $35,000,000
1026 Avenue of the Amer, New York 25,000 12/31/2019
38 W 38th St, New York 9,530 09/30/1997
1 W 37th St, New York 63,433 03/22/2022
60 W 38th St, New York 32,143 07/21/1994
55 W 38th St, New York 6,000 06/05/2024 $4,100,000
58 W 38th St, New York 3,930 12/07/2005 $3,000,000
1024 6th Ave, New York 6,700 12/31/2019
420 5th Ave, New York 614,127
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