Loft Office Units with Large
For Lease
Contact for pricing
257-261 West 38th Street, New York, NY 10018
Eleventh-floor office space in a loft building with high ceilings, expansive windows, and passenger and freight elevator service.
Space Size1,807 SF - 5,250 SF
Property Size12,307 SF
Days on Market2201
Property Features for 257-261 West 38th Street
General Information
Standard status
Active
Size
1,807 SF - 5,250 SF
Elevators
Yes
Property subtype
Retail, Office
Additional Details
Floor
11
Public Transit
Yes
Amenities
large windows
subway
port authority bus station
Pennsylvania station
LIRR
NJ Transit
Amtrak
Path Trains
Grand Central Station
Building Details
Building Size
12,307 SF
Year Built
1927
Stories
17
Tenancy
Multiple
Spaces For Lease
at 257-261 West 38th Street Contact us- Size
- 5,250 SF
- Type
- Office, Retail
- Availability
- Active
16th Floor
- Size
- 5,250 SF
- Type
- Retail
- Availability
- Active
11th floor
- Size
- 1,807 SF
- Type
- Retail
- Availability
- Active
6th floor
Listing Agency:
Kassin Sabbagh Realty
Listed By:
Jeff Geoghegan · License #NY
(212) 945-8984
Source:
Crexi
Added: Aug 25, 2020
Changed: Aug 31
Last Checked: Sep 2 at 10:39PM
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 Kassin Sabbagh Realty
Investment Insights
Based on property information with market context.
Office space is available on the 11th floor of a 17-story loft building constructed circa 1927. The floor features 11.5-foot ceilings, 55 feet of frontage, and large windows that bring substantial natural light to the space. Building service includes dual passenger elevators and one freight elevator.
The property is positioned in Midtown’s Garment Center, within a short distance of the theater district and Madison Square Garden. Transportation connections include multiple subway lines, the Port Authority Bus Terminal, Pennsylvania Station, LIRR, NJ Transit, Amtrak, PATH trains, and Grand Central Station.
The property is positioned in Midtown’s Garment Center, within a short distance of the theater district and Madison Square Garden. Transportation connections include multiple subway lines, the Port Authority Bus Terminal, Pennsylvania Station, LIRR, NJ Transit, Amtrak, PATH trains, and Grand Central Station.
Key Highlights
- 11th‑floor office space in a 17‑story loft building
- 11.5’ ceiling heights and 55’ frontage
- Large windows throughout the available floor
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
73,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 10018, NY
11,145
Population
5,678
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
37,150
Density / Sq Mi
$133,042
Median Household Income
$103,655
Median Earnings
$3,501
Median Rent
$947,100
Median Home Value
Market
Lease Benchmarks for New York, NY
$51.74 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
13,111 SF
Avg Space Size
This space is priced 23% below the average of $51.74 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Eleventh-floor office space in a loft building with high ceilings, expansive windows, and passenger and freight elevator service.
Where is this office units located?
The property is located at 257-261 West 38th Street New York, NY.
What is the lease rate?
The lease rate is $40 SF/Yr.
What are key features of this property?
This property features: 11th‑floor office space in a 17‑story loft building; 11.5’ ceiling heights and 55’ frontage; Large windows throughout the available floor
