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    OFF-MARKET
    Office Spaces

    40 37Th St, New York, NY 10018

    55,000 SF Built 1923
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • CDS Design and Consulting Inc. Consultant
    • Park Ridge International Inc Real Estate Agency
    • Tannery Direct Industrial Manufacturer
    • Chi Chi Ny Inc Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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