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Property profile & analytics
OFF-MARKET
Office Spaces

42 38Th St New York, NY 10018

64,365 SF Built 1936
Property ID
Property summary
AI-generated overview

This exceptional office property at 42 W 38th St, situated in the vibrant Garment District of Midtown South, offers a diverse range of office spaces to suit various business needs. The building, constructed in 1936, boasts a total of 64,365 square feet and currently features multiple tenancies. Available spaces range from 1,400 to 2,215 square feet, providing flexibility for businesses of all sizes. The building offers a variety of office subtypes including traditional office, executive office, coworking, medical office, and creative office spaces, catering to a wide spectrum of professional requirements. Tenants enjoy convenient 24/7 access with a doorman, individual tenant-controlled air conditioning for optimal comfort, and abundant natural light to create a productive work environment. The location is unparalleled, offering easy access to a multitude of transportation options including the A, C, E, N, Q, R, W, S, 4, and 6 subway lines, as well as numerous bus routes. The surrounding area is rich with restaurants, bars, and various other amenities, providing a dynamic and convenient setting for your business. This property presents a unique opportunity to establish your presence in one of Manhattan's most sought-after commercial districts. Inquire today to explore the available spaces and secure your ideal office location.

Property profile
Verified
Property type Office Spaces
Year built 1936
Total area 64,365 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Belmont Electrical Inc Electrical Service General Contractor
  • Frank Billanti Jewelry Casting (Bike/Boat/Book/etc) Store
  • N.G. Slater Corporation (Bike/Boat/Book/etc) Store Printing Service
  • Nyc Mold Removal | Testing & Inspection Hardware & Home Improvement Construction Company
  • The Cool Beans Studio Media Distribution
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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