Property profile

40 37Th St New York, NY 10018

OFF-MARKET
Office Spaces
55,000 SF Built 1923
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Property summary

AI-generated overview

This exceptional office building at 40 W 37th St, situated in the vibrant Garment District of Midtown South, offers a diverse range of office spaces to suit various business needs. Built in 1923 and renovated in 1927, the building boasts 55,000 square feet of total space, with available units ranging from 221 to 3,578 square feet. The property caters to multiple tenants and offers a variety of office styles, including traditional, executive, coworking, and creative office spaces. The building features attractive 9-11 foot ceilings and is move-in ready. A freight elevator adds to the convenience. Individual tenant-controlled HVAC systems provide optimal climate control. The location is unparalleled, placing businesses within easy walking distance of Bryant Park, Times Square, Grand Central Terminal, and Herald Square. Excellent public transportation access is provided via the B, D, F, M, N, Q, R subway lines and the PATH train, as well as numerous bus routes. A wealth of restaurants, bars, and other amenities are readily available in the immediate vicinity. This property presents a unique opportunity to establish a presence in one of Manhattan's most sought-after commercial districts. The building is located in New York County, NY, zip code 10018.

Property profile

Verified
Property type Office Spaces
Year built 1923
Total area 55,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant
  • Real Estate Agency
  • Industrial Manufacturer
  • Big Box & Wholesale Store

Location

40 37Th St New York, NY 10018
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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