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    246 38Th St New York, NY 10018

    For Lease
    $32 SF/Yr ($5,333 /Mo)

    Prime Midtown, 2,000 SF Available

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 2,000 square foot executive office suite boasts a brand-new, state-of-the-art design in a coveted Midtown Manhattan location. The space is currently vacant and available for immediate occupancy as a single-tenant unit within a larger building. The layout features a spacious bullpen area, perfect for collaborative work, complemented by two private offices providing quiet workspaces for focused tasks. A large conference room is ideal for meetings and presentations, while a convenient wet pantry adds functionality and convenience. The landlord is open to customizing the current layout to meet specific tenant needs, offering flexibility in design and configuration. The building itself offers a beautiful doorman lobby, enhancing security and providing a professional first impression. This prime Midtown location is exceptionally convenient, situated just steps from multiple subway lines, ensuring easy commutes for employees and clients. The surrounding area is vibrant and offers a wealth of amenities, including a wide selection of restaurants, bars, cafes, and lunch spots, catering to diverse tastes and preferences. This is a truly exceptional opportunity to secure a high-quality, well-appointed office space in one of Manhattan's most desirable business districts. The property is located in New York County.

    Property Features for 246 38Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF
    Total Rate
    5333.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,500 SF
    Rate per SF
    $32

    HighLights

    • 2,000 square foot office space in a prime Midtown Manhattan location.
    • Single‑tenant occupancy available.
    • Brand new, state‑of‑the‑art build‑out featuring a large bullpen, two private offices, a conference room, and a kitchenette.
    • Flexible layout; landlord can customize to tenant needs.
    • Located in a building with a doorman and convenient access to subway lines and numerous amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Law Office of Keshab ... Law Firm Gordon Law, P.C. ... Immigration Attorney Global AMS Website Designer Mozzign Inc Media Company The Lash Studio Eyelash Salon

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Law Firm

    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
    -73.990371
    Latitude
    40.7539141

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Midtown, 2,000 SF Available
    Where is this office property / space located?
    The property is located at 246 38Th St New York, NY.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 2,000 square foot office space in a prime Midtown Manhattan location.; Single-tenant occupancy available.; Brand new, state-of-the-art build-out featuring a large bullpen, two private offices, a conference room, and a kitchenette.
    Request Owner's contact information
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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
    246 38Th St New York, NY 10018
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