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340 W 39th St

Garment District, New York, NY
Floors
12
Total Size
940,000 sqft
Lot Size
5 acres
Year Constructed
1926
Year Renovated
0
Number of Buildings
1

About 340 W 39th St

Tenants looking to rent office space with easy access to Penn Station and Port Authority will find 340 West 39th Street could provide the perfect solution. Boasting 12 floors and 45,753 square feet of rentable space, this New York gem offers tenants 24/7 access in a great location between 8th and 9th Avenues.

Built in 1926, the property at 340 West 39th Street offers tenants easy access to all forms of public transportation and the amenities of New York’s famous Madison Square Garden are just steps away. Situated in the bustling Garment District, this office space provides a great business address for those hoping to establish links with the Clinton neighborhood.

The property at 340 West 39th Street features excellent window-lines on all floors, multiple passenger elevators and office suites with high ceilings, shared meeting rooms, private offices, pantry and bathroom. Thoughtful column spacing provides efficient office space.

Ca. 6,300 of ground floor retail and basement storage space is also a feature of this property, providing a certain amount of shopping amenities right on the doorstep.

The brown applied masonry and brick facade of the building at 340 West 39th Street in New York presents a welcoming first impression.

Companies at 340 W 39th St

Staybridge Suites Times Square - New York City Lodging

Internet Providers for 340 W 39th St

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/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
3,372
sqft

Median Rate over Time in Garment District