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    40 W 34Th St New York, NY 10016

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    For Lease
    Contact for pricing

    Move-in ready retail and office space near Herald Square.

    Property size:
    4,690 SF
    Lot size:
    0.18 Acres

    Property Features for 40 W 34Th St

    General Information

    Size
    4,690 SF
    Lot size
    0.18 Acres

    Source: JLL | New York City Agent Erin Grace

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

    Overview

    Prime Retail and Office Space

    Available for lease is a retail and office space located at 40 W 34th St. The available square footage ranges from 9,380 to 26,390 square feet. The space is in move-in-ready condition with a Class A retail build-out. It includes an existing passenger elevator accessing the lower level, ground, and second floor, as well as escalators accessing the ground and second floor. The space also features a separate office lobby with an entrance and elevator on 34th Street, providing access to the third and fourth floors, which can be leased separately. The property is located within a half block of the 34th St-Herald Square subway station, which services 39 million passengers annually. It is in immediate proximity to the Empire State Building and the recently re-opened Observatory entrance on 34th Street. Storage is available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Cornell University Co-Op ... School Enticing Lingerie Inc Clothing Store Mo Air International Travel Agency Gramercy Strategies LLC Marketing Consultant Formidoni Claire L Attorney

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Law Firm Food Market Grocery Store 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
    -73.9869204
    Latitude
    40.7492718

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    FAQs

    What type of property is this?
    Retail space - Move-in ready retail and office space near Herald Square.
    Where is this retail space located?
    The property is located at 40 W 34Th St New York, NY.
    What are key features of this property?
    This property features: - Located within ½ block of 34th St-Herald Square subway station (39 million annual passengers).; - Move-in-ready condition with Class A retail build-out.; - Available square footage: 9,380-26,390 SF.
    (212) 812-5700
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    40 W 34Th St 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
    40 W 34Th St New York, NY 10016
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