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    247 W 37Th St New York, NY 10016

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    For Lease
    Contact for pricing

    Renovated office/retail space in the heart of the Garment District.

    Property size:
    5,176 SF
    Lot size:
    0.34 Acres

    Property Features for 247 W 37Th St

    General Information

    Size
    5,176 SF
    Lot size
    0.34 Acres

    Source: GFP Real Estate Agent Matthew Mandell

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

    Overview

    Garment District Office/Retail Space

    Located in the historic Garment District, 247 West 37th Street sits on land originally assembled by A.E. Lefcourt. The building, designed by Gronenberg & Leuchtag and built by the Bricken Construction Company in 1924, was originally known as the Bricken Centre Building. The property has undergone significant renovations, including state-of-the-art elevators and a new lobby. The building is home to a mix of non-profit and fashion tenants, including JASA, Workmens Circle, The Settlement Housing Fund, and Prabal Gurung. Stitch Bar & Lounge, located in the base of the building, was voted the best "After Work Bar" in New York City by Citysearch.com. The location allows for a convenient walk to amenities, and numerous transit options are nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bureau Veritas Consumer ... Engineering Consultant Parchment Paper Print Shop Jazz Foundation of America Non-Profit Organization Moon Fabrics Inc Fabric Store Volare New York Fur Service

    Suggested Use

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

    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
    -73.991294
    Latitude
    40.7538755

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    FAQs

    What type of property is this?
    Office space - Renovated office/retail space in the heart of the Garment District.
    Where is this office space located?
    The property is located at 247 W 37Th St New York, NY.
    What are key features of this property?
    This property features: - Recently underwent significant renovations including **state-of-the-art elevators and a brand new lobby.**; - Located in the heart of the historic Garment District with convenient access to numerous amenities.; - Multiple transit options are blocks away, allowing for a hassle-free commute.
    (212) 609-8000
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    247 W 37Th St New York, NY 10016
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    New York, NY 10016
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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
    247 W 37Th St New York, NY 10016
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