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    203 38Th St New York, NY 10018

    For Lease
    $48 SF/Yr

    Modern office suites, flexible layouts, prime location.

    Lot size:
    22,143 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Midtown South property, located at 203-205 W 38th St in the Garment District, offers a unique opportunity for businesses seeking flexible and modern office space. Built in 2021, this two-building complex totals 22,143 square feet and provides multiple tenancy options. Tenants can choose from individual suites ranging from 2,009 to 4,018 square feet, or combine spaces for larger footprints. Each floor offers the potential for 4,018 square feet of contiguous space. The property boasts attractive features including elevator access, private bathrooms, and a desirable outdoor rooftop deck. Its prime location just off 7th Avenue (Fashion Avenue) provides unparalleled convenience, with easy access to numerous subway lines (1, 2, 3, 7, N, Q, R & W) and a wealth of nearby amenities including restaurants, bars, and various other businesses. The space is currently shell space, allowing for complete customization to suit individual tenant needs. This is a full building opportunity for a discerning tenant seeking a modern, well-located, and versatile office space in the heart of Midtown South. The property is ideally suited for a variety of uses, including traditional office, executive office, coworking, creative office, and even medical office spaces.

    Property Features for 203 38Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,143 SF
    Total Rate
    88572

    Building Details

    Year Built
    2021

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    4,018 SF
    Rate per SF
    $48
    Space
    2nd Floor Half
    Size
    2,009 SF
    Rate per SF
    $48
    Space
    5th Floor
    Size
    4,018 SF
    Rate per SF
    $48
    Space
    4th Floor
    Size
    4,018 SF
    Rate per SF
    $48
    Space
    3rd Floor
    Size
    4,018 SF
    Rate per SF
    $48
    Space
    5th Floor
    Size
    2,009 SF
    Rate per SF
    $48
    Space
    4th Floor Half
    Size
    2,009 SF
    Rate per SF
    $48
    Space
    3rd Floor Half
    Size
    2,009 SF
    Rate per SF
    $48
    Space
    1st Floor
    Size
    4,018 SF
    Rate per SF
    $96
    Space
    1st Floor Half
    Size
    2,009 SF
    Rate per SF
    $96

    HighLights

    • 22,143 square foot multi‑tenant office building.
    • Located in Midtown South's Garment District, New York County.
    • Built in 2021.
    • Offers 10 available spaces ranging from 2,009 to 4,018 square feet.
    • Full building availability, with potential to combine spaces up to 4,018 square feet per floor.
    • Features include a rooftop deck, private bathrooms, and elevator access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Present Health Insurance Health Insurance Agency Apple Fashion Inc Clothing Store Nyc Management & Consulting Business Management Consultant

    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
    -73.989111126964
    Latitude
    40.753641645364

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    FAQs

    What type of property is this?
    Individual retail property - Modern office suites, flexible layouts, prime location.
    Where is this individual retail property located?
    The property is located at 203 38Th St New York, NY.
    What is the lease rate?
    The lease rate is $48-$96 SF/Yr.
    What are key features of this property?
    This property features: 22,143 square foot multi-tenant office building.; Located in Midtown South's Garment District, New York County.; Built in 2021.
    Request Owner's contact information
    203 38Th 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
    203 38Th St New York, NY 10018
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