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    240 W 40Th St New York, NY 10018

    For Lease
    Contact for pricing

    Newly renovated office space with modern amenities in New York.

    Property size:
    13,304 SF
    Lot size:
    0.28 Acres

    Property Features for 240 W 40Th St

    General Information

    Size
    13,304 SF
    Lot size
    0.28 Acres

    Source: LSL Advisors Agent Daniel Lolai

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Office Space in New York

    This office space, located in New York, offers 13,304 square feet of area. The building features a brand new lobby with a full-time attendant and new elevators incorporating state-of-the-art design elements. Two additional automatic freight elevators are available with a separate entrance, totaling four automatic elevators. A 24/7 attended security desk and camera monitors provide security. The space includes Corian countertop finishes, stainless steel appliances, cabinetry with soundless door close, a refrigerator, microwave, and a full sink. New ADA-compliant single-stall restrooms are available. The entire building is fire-rated and fully equipped. A new efficient VRF split system provides heating and cooling on each floor with multiple zones. All major Telecom providers are available. The building features concrete slabs throughout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Xomox Jewelry | Fine ... Jeweler Dukas Linden Public ... Public Relations Firm Chim Acupuncture Acupuncture Clinic All Health Medical ... Medical Center Khaled Time Square ... Translation Service

    Suggested Use

    Restaurant Realty agency Hair Salon Spa & Massage Dental Office Nail Salon Food Market Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9894877
    Latitude
    40.7553209

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    FAQs

    What type of property is this?
    Office space - Newly renovated office space with modern amenities in New York.
    Where is this office space located?
    The property is located at 240 W 40Th St New York, NY.
    What are key features of this property?
    This property features: - 24/7 attended security desk & camera monitors for peace of mind.; - New efficient VRF split system provides heating & cooling on each floor with multiple zones.; - Brand new lobby with full time attendant.
    (212) 221-0005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 W 40Th St New York, NY 10018
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