Modernized Midtown Office
For Sale
Contact for pricing
Pending
9 E 38th St, New York, NY 10016
12-story office building built in 1924 with renovations completed between 2017 and 2021.
Days on Market111
Property Features for 9 E 38th St
General Information
Standard status
Pending
Property subtype
Office
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #NY 10301211305
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 30 at 2:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BKREA
Investment Insights
Based on property information with market context.
9 East 38th Street is a 12-story commercial office building built in 1924 and completely modernized/renovated between 2017 and 2021. The property’s approximately 63,659 square foot footprint includes completed improvements to the building’s lobby, restrooms, elevators, mechanical systems, and windows.
The ground floor and basement are occupied by Japas NY, a karaoke and sushi establishment operating for 13 years. The current lease is not set to expire until October 2028, supporting continuity for future ownership.
Of the remaining 11 floors, 5 are currently leased to established tenants, including HSBC and Maxwell-Kates Inc. Average floorplate is approximately 5,200 RSF, providing flexible space for boutique office users. The building sits on the north side of East 38th Street between Fifth and Madison Avenues, in Midtown South, with multiple subway lines within a 10-minute walk and Bryant Park about a three-minute walk.
The ground floor and basement are occupied by Japas NY, a karaoke and sushi establishment operating for 13 years. The current lease is not set to expire until October 2028, supporting continuity for future ownership.
Of the remaining 11 floors, 5 are currently leased to established tenants, including HSBC and Maxwell-Kates Inc. Average floorplate is approximately 5,200 RSF, providing flexible space for boutique office users. The building sits on the north side of East 38th Street between Fifth and Madison Avenues, in Midtown South, with multiple subway lines within a 10-minute walk and Bryant Park about a three-minute walk.
Key Highlights
- 12‑story commercial office building built in 1924 with 63,659 SF of space
- Completely modernized/renovated between 2017 and 2021, with $9+ million in upgrades
- Ground floor and basement occupied by Japas NY (karaoke and sushi) with lease not expiring until October 2028
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 12-story office building built in 1924 with renovations completed between 2017 and 2021.
Where is this office building located?
The property is located at 9 E 38th St New York, NY.
What are key features of this property?
This property features: 12‑story commercial office building built in 1924 with 63,659 SF of space; Completely modernized/renovated between 2017 and 2021, with $9+ million in upgrades; Ground floor and basement occupied by Japas NY (karaoke and sushi) with lease not expiring until October 2028
