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    228 W 38Th St New York, NY 10018

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    For Lease
    Contact for pricing

    Five-story building in the Garment District with long-term lease.

    Property size:
    2,000 SF
    Lot size:
    0.05 Acres

    Property Features for 228 W 38Th St

    General Information

    Size
    2,000 SF
    Lot size
    0.05 Acres

    Source: RTL Partners, LLC Agent Jeff Winick

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

    Overview

    Garment District Retail Space

    This five-story building, located in the heart of the Garment District, offers retail space for lease. The landlord has recently installed a new elevator and white boxed each floor. A long-term lease is available, and all uses are considered. The property provides 2,000 square feet of space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ellen Silverman Photography Photographer

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon 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
    -73.9897758
    Latitude
    40.753822

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    FAQs

    What type of property is this?
    Retail space - Five-story building in the Garment District with long-term lease.
    Where is this retail space located?
    The property is located at 228 W 38Th St New York, NY.
    What are key features of this property?
    This property features: - Brand new elevator recently installed; - White boxed floors ready for customization; - Located in the heart of the Garment District
    (212) 792-2600
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    228 W 38Th St New York, NY 10018
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    New York, NY 10018
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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
    228 W 38Th St New York, NY 10018
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