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Prime Location Near Transportation Hubs
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256 W 38th street, New York, NY 10018

Centrally located near Penn Station and Port Authority.

Space Size6,151 SF - 8,321 SF
Property Size117,431 SF
Days on Market1378

Property Features for 256 W 38th street

General Information

Standard status Active
Size 6,151 SF - 8,321 SF
Class B
Property subtype Retail, Office

Building Details

Building Size 117,431 SF
Year Built 1924
Tenancy Multiple

Spaces For Lease

at 256 W 38th street Contact us

7th floor

Size
8,321 SF
Type
Office, Retail
Availability
Active
Contact us

14th floor

Size
6,151 SF
Type
Office, Retail
Availability
Active
Contact us

9th Floor

Size
8,111 SF
Type
Office, Retail
Availability
Active
Contact us

11th Floor

Size
7,487 SF
Type
Office, Retail
Availability
Active
Contact us
Listing Agency: Lee & Associates - New York
Listed By: Todd Korren · License #NY
Source: Crexi
Added: Nov 5, 2022 Changed: Aug 8 Last Checked: Aug 8 at 2:41PM

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 Lee & Associates - New York

Investment Insights

Based on property information with market context.

This commercial space is centrally located between Penn Station and Port Authority. It is situated steps from the 1, 2, 3, 7, A, C, E, B, D, F, M, N, Q, R, W, LIRR, Amtrak, NJ Transit, Path, Port Authority NY NJ, and CitiBike.

Key Highlights

  • Centrally located between Penn Station and Port Authority.
  • Steps from a vast array of subway lines (1, 2, 3, 7, A, C, E, B, D, F, M, N, Q, R, W).
  • Proximity to multiple transportation options (LIRR, Amtrak, NJ Transit, Path, Port Authority NY NJ).

Property Analytics

Current Use

Chimney Cleaning & Fireplaces ... General Contractor Bordless Media Marketing & Advertising Job Path Charitable Organization Francis X. Gray, ... Consultant Mount Rainier Acquisition ... Financial Advisor

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet Adult Day Care Butcher Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

81,836
Businesses Nearby

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

$47.92 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
12,508 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Centrally located near Penn Station and Port Authority.
Where is this office units located?
The property is located at 256 W 38th street New York, NY.
What are key features of this property?
This property features: Centrally located between Penn Station and Port Authority.; Steps from a vast array of subway lines (1, 2, 3, 7, A, C, E, B, D, F, M, N, Q, R, W).; Proximity to multiple transportation options (LIRR, Amtrak, NJ Transit, Path, Port Authority NY NJ).
(212) 776-1200 Call to check price and availability
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