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Historic Multi-Story Office Building
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10 E 40th St, New York, NY 10016

48-story office building built in 1929 offers approximately 347,400 rentable square feet.

Space SizeContact for details
Property Size3,384 SF
Days on Market511

Property Features for 10 E 40th St

General Information

Standard status Active
Size 3,384 SF
Property subtype OFFICE
Lease Type SF/yr

Spaces For Lease

at 10 E 40th St Contact us

10 E 40th St $76 – $86/SF/Yr

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Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: Theodora Livadiotis
Source: Moodyscre
Added: Mar 11, 2025 Changed: Jul 27 Last Checked: Aug 3 at 10:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Midtown Manhattan

Investment Insights

Based on property information with market context.

This 48-story office building, built in 1929, offers approximately 347,400 rentable square feet. The property is suited for tenants seeking a large, established office structure within a dense high-rise environment.

Located at 10 E 40th St in New York, NY 10016, the building is positioned for convenient access to surrounding Midtown-area commercial activity. ForRent leasing opportunities are available in this existing office facility.

With its significant scale and long-standing construction, the building may be a fit for office users evaluating a traditional high-rise layout in an older, established property form.

Key Highlights

  • 48‑story office building built in 1929
  • Approximately 347,400 rentable square feet

Property Analytics

Current Use

Cotswold Industries Inc Industrial Manufacturer Dorothea W. Regal Law Firm GA Dental Practice Life Coach IT Craft - Software ... (Bike/Boat/Book/etc) Store Big Sky Editorial ... Film Production

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Buffet Locksmith Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$11.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

91,796
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Lease Benchmarks for New York, NY

$64.2 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
34,730 SF
Avg Space Size

This space is priced 18% above the average of $64.2 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - 48-story office building built in 1929 offers approximately 347,400 rentable square feet.
Where is this office building located?
The property is located at 10 E 40th St New York, NY.
What is the lease rate?
The lease rate is $76 SF/Yr.
What are key features of this property?
This property features: 48‑story office building built in 1929; Approximately 347,400 rentable square feet
(212) 698-2694 Call to check price and availability
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