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261-263 W 34th St

Garment District, New York, NY
Floors
3
Total Size
17,609 sqft
Lot Size
0 acres
Year Constructed
1940
Year Renovated
0
Number of Buildings
1

About 261-263 W 34th St

Originally built in 1940, the "Big Man" commercial building at 261-263 West 34th Street in New York has recently been fully renovated and upgraded. Situated between 7th and 8th Avenues, in an area brimming with heavy office and tourist pedestrian traffic, the property offers companies hoping to rent office space with frontage a prime retail opportunity.

Located just minutes away from Penn Station, 261-263 West 34th Street offers New York's commuters easy access to subway trains A, C, E, 1, 2 and 3 as well as multiple bus stops within a short walk of their storefront.

261-263 West 34th Street is situated between the Cinderella Club and a Wendy's branch, just 50' away from a brand new hotel development. The property offers tenants a great signage opportunity and 45' of frontage on 34th Street.

Neighborhood retailers and amenities include Madison Square Garden, Penn Station, Macy's Herald Square, Duane Reade, Famous Footwear, Joe Fresh, H & M, DSW Shoes and Party City.

The new gray concrete, steel and glass facade of 261-263 West 34th Street is rather eye-catching and should provide retail tenants with considerable visibility in this bustling part of New York City.

Internet Providers for 261-263 W 34th 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
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
3,300
sqft

Median Rate over Time in Garment District