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    250 40Th St New York, NY 10018

    Sponsored
    For Lease
    $25 SF/Yr

    Modern Creative Office Space, NYC

    Lot size:
    70,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional full-floor office space, totaling 4,000 square feet, is located at 250 West 40th Street, between 7th and 8th Avenues in New York County, NY 10018. Situated within a well-maintained Class B building constructed in 1925, this 14-story property offers a vibrant and convenient location. The space boasts a contemporary design, featuring a large open creative area ideal for collaborative work, along with pre-built private offices for focused work. A wet pantry/kitchenette and private bathrooms add to the convenience and functionality. High ceilings and abundant natural light from numerous windows create a bright and inspiring atmosphere. The building itself is professionally managed and enjoys a prime location, just steps from Bryant Park, Times Square, and numerous subway lines, providing unparalleled access to public transportation. While the provided photos depict a different floor in the building, they showcase the high quality and modern aesthetic of the available space. This is a rare opportunity to secure a full floor in a desirable Manhattan location. The total building size is 70,000 square feet, and the property is classified as both Creative and Administrative Office space with multiple tenancies. Note that photos are representative of the building's style and are not of the specific available space.

    Property Features for 250 40Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    70,000 SF
    Class
    B
    Total Rate
    145833.33

    Building Details

    Year Built
    1925
    Stories
    14

    Unit(s) available at that property

    Space
    Full Floor Office
    Size
    4,000 SF
    Rate per SF
    $25

    HighLights

    • 4,000 square foot full‑floor office space at 250 West 40th Street, New York, NY 10018.
    • Located in a well‑maintained, 14‑story Class B building (70,000 sq ft total) built in 1925.
    • Contemporary design with open collaborative area and private offices.
    • Features a wet pantry/kitchenette and private bathrooms.
    • High ceilings, abundant natural light, and prime Manhattan location near Bryant Park, Times Square, and multiple subway lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    simon studio Drama School Maria C. Javier, ... Occupational Therapist Wallstreet Interviews Inc Internet Marketing Service Tera Inc Transportation Service First Security Preparation Security Guard Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    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
    -73.9898093
    Latitude
    40.7553457

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    FAQs

    What type of property is this?
    Office space - Modern Creative Office Space, NYC
    Where is this office space located?
    The property is located at 250 40Th St New York, NY.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 4,000 square foot full-floor office space at 250 West 40th Street, New York, NY 10018.; Located in a well-maintained, 14-story Class B building (70,000 sq ft total) built in 1925.; Contemporary design with open collaborative area and private offices.
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    250 40Th St New York, NY 10018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 40Th St New York, NY 10018
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