Located in the well-known Grand Central area of Manhattan, 16 East 40th Street is a 12-story office building that provides an impressive 96,182 square feet of Class B office space available for lease. Constructed in 1911, the building is currently occupied by prominent fiber connectivity providers like Verizon New York, Level 3 Communications, Cablevision/Lightpath, and Cogent Communications. Prospective tenants have a variety of options to choose from, including small, medium, and large coworking spaces or subleasing arrangements. With multiple subway lines nearby, such as 5 Avenue-Bryant Park, Grand Central-42 Street, 42 Street-Bryant Park, 33 Street, and 34 Street-Herald Square stations, commuting is convenient. It's important to note that the rental rate for office spaces in 2021 is $41 per square foot, which does not accurately reflect the current market trends.
16 East 40th Street Property Overview
| Bulding Address: | 16 E 40th St |
| Building Alternate address(es): | 16 E 40th St |
| Zip Code: | 10016 |
| Neighborhood: | Grand Central |
| Borough: | Manhattan |
| Stories: | 12 |
| Year Built: | 1911 |
| Building Class: | B |
| Block & lot: | 00869-0064 |
Public Transportation
Time and Distance from 16 East 40th Street New York, NY 10016
| Transit / Subway |
Distance |
Walk |
| 5 Avenue-Bryant Park Transit Stop (7) |
0.2 mi |
4 min |
|
| Grand Central-42 Street Transit Stop (4, 42 St Shuttle, 5, 6, 7) |
0.3 mi |
6 min |
|
| 42 Street-Bryant Park Transit Stop (B, D, F, M) |
0.4 mi |
7 min |
|
| 33 Street (4,6 Line) Transit Stop |
0.5 mi |
10 min |
|
| 34 Street-Herald Square Transit Stop (B, D, F, M, N, Q, R) |
0.6 mi |
12 min |
|
Internet Providers at 16 East 40th Street
| Internet Provider | Technology | Max Download Speed | Max Upload Speed |
| Verizon New York |
Fiber |
1 Gb/s |
25 Mb/s |
| Level 3 Communications |
Fiber |
10 Gb/s |
10 Gb/s |
| Cablevision/Lightpath |
Fiber |
10 Gb/s |
10 Gb/s |
| Cogent Communications |
Fiber |
10 Gb/s |
10 Gb/s |
Nearby Office Tenants Leased- New Horizons Computer Learning Center leased 23,736 SF at 290 Madison Ave
- Akam Associates leased 23,000 SF at 260 Madison Ave
- Massey Knakal Realty Services leased 13,500 SF at 275 Madison Ave
- US Bank National Association leased 11,232 SF at 461 Fifth Ave
- Gonzalez, Saggio and Harlan LLP leased 6,035 SF at 292 Madison Ave
- JAG Physical Therapy New York LLC leased 2,969 SF at 274 Madison Ave
- Personality Institute leased 2,521 SF at 286 Madison Ave
Nearby Retail Tenants Leased- Charming Charlie leased 15,500 SF at 445 Fifth Ave
- BNP Foods leased 11,000 SF at 290 Madison Ave
- 4Food leased 2,800 SF at 286 Madison Ave
- Pret-A-Manger leased 2,615 SF at 265 Madison Ave
- Alidoro leased 2,000 SF at 260 Madison Ave
