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Office Condo with Open Space
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40 Rector St, New York, NY 10006

Office condo offering seven offices, conference room, and open space with natural light, high ceilings, and wood floors.

Space Size460,000 SF
Days on Market167

Property Features for 40 Rector St

General Information

Standard status Active
Size 460,000 SF
Class A
Property subtype Office
Lease Type Modified Gross

Additional Details

Furnished Yes

Amenities

oversized windows
high ceilings
wood floors
full pantry
data room
recently modernized lobby

Building Details

Building Size 460,000 SF
Year Built 1921
Tenancy Single

Spaces For Lease

at 40 Rector St Contact us

Space 1

Size
460,000 SF
Availability
Active
Contact us
Listing Agency: Resolution Real Estate Partners
Listed By: Jonata Dayan · License #NY
Source: Crexi
Added: Mar 26 Changed: Sep 7 Last Checked: Sep 8 at 5:42AM

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 Resolution Real Estate Partners

Investment Insights

Based on property information with market context.

This office condo is available for lease or sale and is configured with a combination of seven offices, a conference room, and open space designed for flexible day-to-day use. The suite includes oversized windows for natural light, high ceilings, and wood floors. It is fully furnished and also features a full pantry and a data room.

The property includes a recently modernized lobby.

As presented, the space balances private offices with a larger open area, supported by built-in amenities for on-site work and meetings.

Key Highlights

  • Office condo (Year Built 1921) with 7 offices, conference room, and open space for 24
  • Oversized windows for good natural light
  • High ceilings and wood floors

Property Analytics

Current Use

Sockeye Media, LLC Media Distribution Harry Jho LLC Law Firm Doctors Without Borders Charitable Organization Street Vendor Project Association / Organization Peter C. Campanelli, ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Adult Day Care Clothing & Fashion Store Buffet

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
$5.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

29,953
Businesses Nearby

Demographics for 10006, NY

4,282
Population
2,605
Households
1.6
Avg Household Size
31
Median Age
85%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
42,820
Density / Sq Mi
$209,972
Median Household Income
$113,612
Median Earnings
$3,501
Median Rent
$1,125,700
Median Home Value

Market

Lease Benchmarks for New York, NY

$48.8 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
12,444 SF
Avg Space Size

This space is priced 28% below the average of $48.8 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office units - Office condo offering seven offices, conference room, and open space with natural light, high ceilings, and wood floors.
Where is this office units located?
The property is located at 40 Rector St New York, NY.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Office condo (Year Built 1921) with 7 offices, conference room, and open space for 24; Oversized windows for good natural light; High ceilings and wood floors
More about this property
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