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40 W 37th St

Garment District, New York, NY
Floors
13
Total Size
54,725 sqft
Lot Size
0 acres
Year Constructed
1924
Year Renovated
0
Number of Buildings
1

Features

Lobby Attendant
Close To Public Transit

About 40 W 37th St

This mixed-use commercial building is located within the Garment District of Manhattan, New York at 40 West 37th Street. The structure was built in 1924 and rises 13 stories above the ground. Inside, tenants have access to approximately 54,800 square feet of rentable office space.

Retail space fills much of the ground floor of this structure. The unit has floor-ti-ceiling glass storefronts on either side of the entrance and lots of natural light. Signage space is available in the windows and above the ground level.

There are two other sets of doors that allow tenants and guests to access the upper floors of 40 West 27th Street. All of the office spaces above are accessible 24 hours a day, 7 days a week, and there is a part-time door man to greet visitors.

Direct-metered electric is available to each tenant, which is a great convenience. The suites include window unit air conditioners and operable windows to let in the sights and sounds of this busy area of New York. Outside, there are several landmarks nearby and lots of public transportation options within walking distance.

Light-colored stone with raised decorative patterns covers the lower 2 stories of 40 West 37th Street. Above, brownstone brick covers the facade. Ached windows, decorative molding and two setbacks at the top of the building add an interesting look.

Internet Providers for 40 W 37th St

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Cablevision/Lightpath 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
3,300
sqft

Median Rate over Time in Garment District