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5 E 40th St

Midtown East, New York, NY
Floors
30
Total Size
2,000 sqft
Lot Size
0 acres
Year Constructed
1945
Year Renovated
0
Number of Buildings
1

About 5 E 40th St

Tenants looking to rent office space or a retail unit with high exposure should look no further than 5 East 40th Street in Murray Hill, for this property sits at the base of New York’s iconic 30-story Marriott Courtyard Hotel, a boutique hotel with many amenities, including a bar and restaurant.

5 East 40th Street, New York, is accessible via Grand Central Terminal and Bryant Park’s public transportation. Retail space at this address would suit a dessert bar, yogurt or coffee shop, a Grab & Go, salad bar or any similar non-cooking enterprise.

Retail tenants at 5 East 40th Street have hanging signage at a building that can easily be seen by 5th Avenue’s passers-by. The Marriott Courtyard Hotel runs high exposure events, attracting a large number of visitors. Additionally, some of New York’s most famous tourist attractions are within walking distance of this property.

Broadway theaters, the Empire State Building and New York Public Library, Rockefeller Center and Times Square are within easy walking distance.

5 40th Street, New York, is an elegant sandstone building with huge display windows on the ground floor. Its attractive facade is further enhanced by an imposing entrance portal.

Companies at 5 E 40th St

Mid-Manhattan Library Library
Bryant Park Dental Associates, NYC Dentist Health
286 Madison Dental Dentist Health
LMax Salon Spa Beauty Salon Spa Hair Care Health

Internet Providers for 5 E 40th 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
Stealth Communications Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Midtown East

The typical asking rate per listing is in the $80's per square foot per year. The Midtown East region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,330
sqft

Median Rate over Time in Midtown East