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16 E 40th St

Garment District, New York, NY
Floors
12
Total Size
92,875 sqft
Lot Size
0 acres
Elevators
2
Year Constructed
1911
Building Class
LEED Certification
None
Construction Type
Stone
Number of Buildings
1
Close Public Transit
4, 5, 6, 7, B, D, M, F, S
Close To
Bryant Park, Grand Central Terminal, Penn Station, Port Authority Bus Terminal

Features

Lobby Attendant
Common Kitchen
Common Bike Storage
Freight Elevator

Current Availabilities

$44.00
/sqft/yr
Dec 07
ago
Premium Sublease Office
  • Min Size: 150 sqft
  • Term Length: 2 years
  • Conference Rooms
  • Bathrooms
  • Kitchen
  • Turnkey
  • Furniture
  • Reception
  • High ceilings
  • Natural light
  • Plug and play
  • Additional storage

Large space or individual offices available for sublease.

Brand new fully furnished mid-town creative space, willing to sub-divide. Common amenities provided at no charge - board room for conferencing, café’ / lounge, reception

Walking distance to Port Authority and Grand Central Station.Please contact Myles Rubenfeld, 561.414.7818 to learn more or to view this space.

Listing agent for this listing
Myles Rubenfeld, Oxford Property Group

Additional Features of 16 E 40th St

  • 24/7 access

Companies at 16 E 40th St

Alan David Custom Clothing Store Store
Jack's 99 Cent Store Store

Internet Providers for 16 E 40th St

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Cablevision/Lightpath Fiber
10 Gb/s
10 Gb/s
Cogent Communications Fiber
10 Gb/s
10 Gb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Garment District

The typical asking rate per listing is in the $50's per square foot per year. The Garment District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the New York City market, the Garment District region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Garment District $59
/sqft/yr
2,500
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,310
sqft

Median Rate over Time in Garment District