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    325 38Th St New York, NY 10018

    For Lease
    $36 SF/Yr

    Prime Midtown Garment District Office

    Lot size:
    107,339 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This 16-story, 107,339 square foot building at 325 West 38th Street, situated in the vibrant Garment District of Midtown Manhattan, offers a diverse range of office spaces. Built in 1929 and fully renovated in 2010, the Class B building boasts 156 suites, with available spaces ranging from 315 to 1,832 contiguous square feet

    Property Features for 325 38Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,339 SF
    Class
    B
    Total Rate
    326131.66

    Building Details

    Year Built/Renovated
    1929/2010
    Buildings
    1
    Stories
    16

    Unit(s) available at that property

    Space
    325 Room #605/606
    Size
    1,446 SF
    Rate per SF
    $37
    Space
    325 Room #507/508
    Size
    1,185 SF
    Rate per SF
    $36
    Space
    325 Room #602
    Size
    600 SF
    Rate per SF
    $42
    Space
    325 Room #604
    Size
    615 SF
    Rate per SF
    $42
    Space
    325 Room #1106
    Size
    684 SF
    Rate per SF
    $42
    Space
    325 Room #807/808
    Size
    1,244 SF
    Rate per SF
    $39
    Space
    325 Room #505/506
    Size
    1,260 SF
    Rate per SF
    $38
    Space
    325 Room #603
    Size
    636 SF
    Rate per SF
    $42
    Space
    325 Room #907/908
    Size
    1,275 SF
    Rate per SF
    $38
    Space
    325 Room #1005/1006
    Size
    1,140 SF
    Rate per SF
    $38
    Space
    325 Room #1108
    Size
    480 SF
    Rate per SF
    $42
    Space
    325 Room #1009
    Size
    450 SF
    Rate per SF
    $42
    Space
    325 Room #1405
    Size
    885 SF
    Rate per SF
    $41
    Space
    325 Room #405/406
    Size
    1,350 SF
    Rate per SF
    $38
    Property Profile Location Intelligence

    Current Use by Public Records

    Erich Soldat Textile ... Fabric Wholesaler Reber Design Architecture ... Architect QDigital Photography Studio Commercial Photographer Corstange Law Group ... Immigration Attorney The Babani Team Real Estate Consultant

    Suggested Use

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

    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
    -73.992819358192
    Latitude
    40.755204047386

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    FAQs

    What type of property is this?
    Office space - Prime Midtown Garment District Office
    Where is this office space located?
    The property is located at 325 38Th St New York, NY.
    What is the lease rate?
    The lease rate is $36-$42 SF/Yr.
    Request Owner's contact information
    325 38Th St New York, NY 10018
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    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
    325 38Th St New York, NY 10018
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