Rent Office 240 West 40th Street

Rent Sublease Office - 240 W 40th St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
Rent Coworking Office
Type of Space Class A Class B Class C
Windowed office/person $ 2,000/mo $ 1,250/mo $ 750/mo
Interior office/person $ 1,250/mo $ 750/mo $ 500/mo

Rent Nearby Coworking Office

Type of Space Class A Class B Class C
Windowed office/person $ 2,000/mo $ 1,250/mo $ 1,000/mo
Interior office/person $ 1,250/mo $ 750/mo $ 500/mo

Retail Spaces for Rent

Address $ / SF SF Monthly Rent
Eighth Ave & West 49th Street $ 100 600 $ 5,017
E 42nd St & Madison Avenue $ 51 400 $ 1,690
Barclay St & Between Church Street $ 190 600 $ 9,484
Address $ / SF SF Monthly Rent
Madison Ave & East 41st Avenue $ 301 1,700 $ 42,698
W 24th St & Ninth Avenue $ 151 1,700 $ 21,349
E 57th St & Lexington Avenue $ 77 1,200 $ 7,680
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street $ 121 2,100 $ 21,245
Park Ave & East 34th Street $ 120 6,700 $ 67,000
E 42nd St & Lexington Avenue $ 59 4,700 $ 23,265
Address $ / SF SF Monthly Rent
W 38th St & Between West 37th Street $ 85 500 $ 3,529
W 45th St & Avenue of the Americas $ 67 900 $ 5,026
W 29th St & West 29th Street $ 61 800 $ 4,046
Address $ / SF SF Monthly Rent
Eighth Ave & West 34th Street $ 50 1,900 $ 7,972
W 37th St & Avenue of the Americas $ 80 2,000 $ 13,391
W 36th St & Avenue of America $ 131 1,900 $ 20,694
Address $ / SF SF Monthly Rent
Eighth Ave & Between West 45th Street $ 170 6,000 $ 85,175
W 35th St & Avenue of America $ 122 2,300 $ 23,469
7th Ave & West 48th Street $ 47 3,300 $ 12,925
Address $ / SF SF Monthly Rent
W 37th St & Between 5th Avenue $ 133 900 $ 10,001
W 48th St & Between West 48th Street $ 82 800 $ 5,490
W 46th St & Fifth Avenue $ 60 800 $ 4,023
Address $ / SF SF Monthly Rent
W 37th St & Eight Avenue $ 87 1,800 $ 13,005
W 38th St & Eighth Avenue $ 31 1,500 $ 3,875
W 38th St & Ninth Avenue $ 32 1,400 $ 3,733
Address $ / SF SF Monthly Rent
W 37th St & Eight Avenue $ 37 3,000 $ 9,362
W 38th St & Eighth Avenue $ 31 3,000 $ 7,750
W 37th St & Between West 36th Street $ 76 2,500 $ 15,916

Rent Medical Space

Address $ / SF SF Monthly Rent
Third Ave & East 41st Street $ 70 1,000 $ 5,833
W 57th St & Seventh Avenue $ 80 2,800 $ 18,666
W 57th St & Ninth Avenue $ 63 1,000 $ 5,250
Address $ / SF SF Monthly Rent
Fifth Ave & East 38th Street $ 46 4,200 $ 16,100
Third Ave & East 41st Street $ 75 3,100 $ 19,375
E 38th St & Between 2nd Avenue $ 44 3,800 $ 13,933
Address $ / SF SF Monthly Rent
Third Ave & East 41st Street $ 75 7,000 $ 43,750
E 57th St & Park Avenue $ 74 5,800 $ 35,766
E 60th St & Park Avenue South $ 90 13,600 $ 102,000
Address $ / SF SF Monthly Rent
W 45th St & Avenue of the Americas $ 44 2,000 $ 7,333
E 39th St & Fifth Avenue $ 42 2,800 $ 9,800
Seventh Ave & West 30th Street $ 45 1,100 $ 4,125
Address $ / SF SF Monthly Rent
W 45th St & Avenue of the Americas $ 46 4,000 $ 15,333
E 39th St & Fifth Avenue $ 42 4,500 $ 15,750
Fifth Ave & West 34th Street $ 51 3,800 $ 16,150
Address $ / SF SF Monthly Rent
W 45th St & Avenue of the Americas $ 46 5,000 $ 19,166
E 39th St & Fifth Avenue $ 42 5,600 $ 19,600
W 34th St & Fifth Avenue $ 49 5,700 $ 23,275
Address $ / SF SF Monthly Rent
W 33rd St & Broadway $ 55 2,800 $ 12,833
W 46th St & Fifth Avenue $ 58 1,500 $ 7,250
E 37th St & Madison Avenue $ 32 2,400 $ 6,400
Address $ / SF SF Monthly Rent
W 35th St & Between 9th Avenue $ 50 3,500 $ 14,583
Broadway & West 53rd Street $ 48 3,300 $ 13,200
W 51st St & Tenth Avenue $ 50 3,700 $ 15,416
Address $ / SF SF Monthly Rent
W 45th St & Eleventh Avenue $ 32 14,000 $ 37,333
E 32nd St & Between Lexington Avenue $ 55 5,500 $ 25,208
E 72nd St & Between 1st Avenue $ 65 6,800 $ 36,833
240 West 40th Street nyc
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Lease 240 West 40th Street

Rent 240 West 40th Street Property Overview

Bulding Address: 240 W 40th St
Building Name: Donna Karan NY Building
Building Alternate address: 240 W 40th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:13
Year Built:1923
Building Class:B
Block & lot:00789-0062


The Freshman Building, located at 240 West 40th Street in Manhattan's Garment District, was constructed in 1923. It is a 12-story office building classified as an Office with Commercial 7-19 Stories (O6) structure. The building spans 137,199 square feet and sits on a lot of 11,625 square feet.

Historically, the building has been involved in several significant transactions. One notable sale occurred on July 11, 2018, for $105 million. The building's current tax assessor's market value is approximately $48.25 million.

Over the years, the building has undergone various renovations and alterations, with recent permits filed for alterations in 2023 and 2024.

240 W 40th St, Manhattan, NYC is a mixed-use property located in the Garment District. It features a fully renovated lobby, new elevators, windows, and façade. The building includes amenities such as exposed brick, steel columns, new ceramic floors, and private ADA bathrooms. A new Amenity Center is under development, which will include a lounge, conference center, fitness center, Peloton bikes, and a basketball court.

The property is also home to a Dunkin' location, offering coffee, donuts, and other breakfast items. Additionally, it houses Nomadworks Times Square, a coworking space providing various amenities like accessibility, catering, and video conferencing facilities.

This address is situated in a vibrant neighborhood known for its theater and dining options, making it a central location in Midtown West.


240 W 40th St, Manhattan, NYC offers the following building amenities:

  • Fully renovated lobby
  • New elevators, windows, and façade
  • Exposed brick, steel columns, and new ceramic floors
  • New private ADA bathrooms
  • New Amenity Center with lounge, 75-person conference center, fitness center, Peloton bikes, and basketball court
  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Concierge
  • Metro/Subway access
  • Signage
  • Kitchen
  • Reception
  • Central Heating
  • High Ceilings
  • Natural Light
  • Partitioned Offices
  • Plug & Play
  • Air Conditioning

240 W 40th St, located in the Penn Plaza/Garment neighborhood of Manhattan, is a 13-story office building. The building, also known as the Donna Karan NY Building, has been involved in several transactions and has had multiple owners and tenants over the years.


Internet Providers at 240 W 40th St, Manhattan, NYC:

  • STARRY: Offers Fixed Wireless service with speeds up to 1,000 Mbps.
  • Verizon: Provides Fiber service with speeds up to 2,300 Mbps.
  • Spectrum: Offers Fiber service with speeds up to 1,000 Mbps.
  • T-Mobile Home Internet: Offers Fixed Wireless service with speeds up to 100 Mbps.
  • Earthlink: Offers Fiber service with speeds up to 2,300 Mbps.

240 West 40th Street in Manhattan, NYC, offers convenient access to various transportation options.

Subway Stations:

  • Times Sq-42 St (2-minute walk)
  • 42 St-Port Authority Bus Terminal (5-minute walk)
  • 42 St-Bryant Pk (6-minute walk)

Bus Stops:

  • W 40th St & 8th Ave (3-minute walk)
  • 8 Av/W 40 St (3-minute walk)
  • New York (P.A.B.T.) (3-minute walk)

Nearest Train Station:

  • 34 St-Penn Station (7-minute walk)

Cross Streets:

  • 8th Avenue
  • 9th Avenue

Internet Providers at 240 West 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

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About Optimal Spaces
Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.
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Optimal Spaces specializes in negotiating deals for tenants, ensuring savings of 15-20% compared to what tenants could achieve on their own.

Finding the perfect commercial space in New York is essential, and we understand its importance. Our services encompass a wide range of commercial available spaces, including office, educational, industrial, retail, medical, and loft spaces.

Looking for the perfect office space in New York City? Our tenant brokerage specializes in finding tailored solutions for businesses across various industries, including accounting, construction, hedge funds, hotel groups, jewelry, media, nonprofits, technology, trade businesses, and wholesale. Whether you're seeking a prime location in the Financial District, a creative hub for your media team, or a high-security space for your jewelry business, we've got you covered. Our expert team understands the unique needs of each industry and works tirelessly to match you with a space that fits your vision, budget, and operational requirements. Let us simplify your office search and help your business thrive in the heart of New York!
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