Listing Agency: CBRE | Midtown Manhattan n***@cbre.com Show Phone

Listed By: Neil King Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 22 at 12:16PM

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Investment Insights

Based on property information with market context.

This office space is located on West 38th Street, between Fifth and Sixth Avenues, in New York, NY. The property offers 11,668 square feet of office space. Some floors feature new windows.

Key Highlights

• New windows on some floors
• Between Fifth & Sixth Avenues

Property Analytics

Property Profile

Current Use

Quinn Marketing & Advertising James E Fitzgerald Construction Company Sykel Enterprises (Bike/Boat/Book/etc) Store Studio Rappy Marketing & Advertising Cox & Kings, the Americas Tour Operator

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

Location Intelligence

Trade Area within ½ mile

95,867

Businesses Nearby

Explore this area Business Placement

Demographics for 10018, NY

11,145

Population

5,678

Households

2

Avg Household Size

35

Median Age

75%

College-Educated

92%

High-School Grad

0.3 sq mi

ZIP Area

37,150

Density / Sq Mi

$133,042

Median Household Income

$103,655

Median Earnings

$3,501

Median Rent

$947,100

Median Home Value

Market

Lease Benchmarks for New York, NY

$46.54 /SF/Yr

Avg Asking Price

$11.91–$109 /SF/Yr

Price Range

12,523 SF

Avg Space Size

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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Frequently Asked Questions

What type of property is this?

Office units - Office space available for rent in Midtown Manhattan.

Where is this office units located?

The property is located at 48 West 38th Street New York, NY.

What are key features of this property?

This property features: New windows on some floors; Between Fifth & Sixth Avenues