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42 W 38th St

Garment District, New York, NY
Floors
12
Total Size
66,577 sqft
Lot Size
0 acres
Year Constructed
1916
Number of Buildings
1
Close Public Transit
PATH
Close To
Bryant Park, Herald Square

Features

Lobby Attendant
On Site Security

Current Availabilities

$38.00
/sqft/yr
Dec 08
ago
Premium Available Soon Office
  • Available Jan 2017
  • Term Length: 5 years
  • Build to suit
  • High ceilings
  • Natural light
  • Outdoor space

The building is 24/7 accessible. The lobby is attended during normal business hours. Loft style space with wood floors and high exposed ceilings. Good natural light. Landlord will build out space to tenant's specs. Very conveniently located within short walk to Penn Station, Path, Port Authority, Grand Central and most major subway lines.

About 42 W 38th St

This office space is located at 42 W 38th Street, New York, NY. This building was originally built in 1916 and features 12 stories and 66,577 square feet.

Tenants looking to rent office space in the Garment District will find 42 W 38th Street is close to public transit, eating and shopping options. The building is only four blocks away from Herald Square and PATH. Caribbean, steakhouses, comfort food, Chinese and sports bars are all within a quick walk.

Floors seven through 12 feature windows on multiple sides; floors one through six have numerous windows lining 38th Street. These windows provide both an abundance of natural light and views of the city and the bustling neighborhood below.

42 W 38th Street has historic charm which has remained intact on the facade. Light-colored stone covers the bottom floors; the entrance is decked out with ornate stone works and a gold-numbered address plate.

Internet Providers for 42 W 38th St

Provider Technology Max Download Speed Max Upload Speed
Lightower 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
3,330
sqft

Median Rate over Time in Garment District