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7 38Th St New York, NY 10016

Sponsored
For Lease
$70 SF/Yr

Prime Midtown location, 2,986 sq ft.

Lot size:
2,986 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional 2,986 square foot commercial space, located at 7 East 38th Street, offers a unique opportunity in the vibrant Midtown submarket. Situated on the ground floor with an additional approximately 1,000 square foot mezzanine, this single-tenant property is ideal for a variety of uses, including retail, food service, office, or fitness. The space boasts attractive features such as private bathrooms, existing HVAC, and a striking glass frontage with a secure gate. Built in 1920, this Class C building features twelve stories and four elevators, ensuring convenient access. The property sits on a 0.17-acre lot and is zoned C5-2.5, providing flexibility for various business ventures. While there is no on-site parking, the building's prime location offers easy access to public transportation, with proximity to Grand Central Terminal and Bryant Park. The annual property taxes are $4.50 per square foot. This is a rare opportunity to secure a well-positioned, versatile space in one of Manhattan's most sought-after neighborhoods. The building's cross street is 5th Avenue.

Property Features for 7 38Th St

General Information

Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
2,986 SF
Class
C

Building Details

Year Built
1920
Stories
12

Unit(s) available at that property

Space
Size
2,986 SF
Rate per SF
$70

HighLights

  • 7 East 38th Street, Midtown, NYC: Single‑tenant, 2,986 SF creative office/retail space on the ground floor plus approximately 1,000 SF mezzanine.
  • Property type: Retail, Office, Restaurant; Subtype: Creative Office, Retail.
  • 1920 construction, Class C building, 12 stories, 0.17 acres.
  • Features include private bathrooms, HVAC, glass frontage with gate, and four elevators.
  • Zoned C5‑2.5, located near Grand Central and Bryant Park.
  • No on‑site parking; Taxes are $4.50/SF.
Property Profile Location Intelligence

Current Use by Public Records

7 E 38th ... Parking Lot

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
-73.9817925
Latitude
40.7508205

FAQs

What type of property is this?
Restaurant - Prime Midtown location, 2,986 sq ft.
Where is this restaurant located?
The property is located at 7 38Th St New York, NY.
What is the lease rate?
The lease rate is $70 SF/Yr.
What are key features of this property?
This property features: 7 East 38th Street, Midtown, NYC: Single-tenant, 2,986 SF creative office/retail space on the ground floor plus approximately 1,000 SF mezzanine.; Property type: Retail, Office, Restaurant; Subtype: Creative Office, Retail.; 1920 construction, Class C building, 12 stories, 0.17 acres.
More about this property
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