Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Clothing Store
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Business Management Consultant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
M1-6 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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