58-64 West 40th Street

Class: B + 10018 Buildings Penn Plaza/Garment

Direct Office Spaces for Rent

$ / SF SF Monthly Rent
Negotiable 7,700 Negotiable
$ 38 6,700 $ 21,356
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Sublease Office Spaces for Rent

$ / SF SF Monthly Rent
Negotiable 7,700 Negotiable
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Coworking Office Spaces for Rent

Type of Space Class A Class B Class C
Windowed office/person $ 2,500/mo $ 1,500/mo $ 1,000/mo
Interior office/person $ 1,500/mo $ 1,000/mo $ 700/mo

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
W 39th St & Avenue of the Americas $ 45 1,900 $ 7,164
W 39th St & Between 5th Avenue $ 32 2,800 $ 7,466
W 39th St & Avenue of the Americas $ 40 2,000 $ 6,666
W 39th St & Sixth Avenue $ 32 2,000 $ 5,356
W 39th St & Between 5th Avenue $ 31 2,000 $ 5,083
Address $ / SF SF Monthly Rent
W 40th St & Avenue of America $ 38 4,700 $ 14,687
W 39th St & 5th Avenue $ 43 3,500 $ 12,541
Address $ / SF SF Monthly Rent
Avenue of the Americas & West 39th Street $ 55 6,900 $ 31,625
W 39th St & Fifth Avenue $ 43 5,300 $ 18,991
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RZO Advisory Group Testimonial

RZO Advisory Group testimonial

58-64 West 40th Street

Situated in the vibrant Penn Plaza/Garment neighborhood in Manhattan, 58-64 West 40th Street is a 16-story office building specifically designed to facilitate efficient business operations. Offering a total of 120,000 square feet of office space for lease, this historic Class B building was constructed in 1921 and provides tenants of all sizes with a range of high-quality facility options. Although coworking spaces are not currently available within the building, we have the capability to negotiate favorable deals for coworking alternatives in nearby locations without incurring any fees.

With multiple fiber providers such as Lightower, Level 3 Communications, and Cablevision/Lightpath, the building is well-equipped to meet the evolving demands of growing businesses. Additionally, there may be sublease options available in conjunction with the leasing options provided by neighboring office buildings.

As of 2022, the average rental price for office space at 58-64 West 40th Street amounts to $60.0 per square foot. The building benefits from excellent transportation access, with convenient proximity to various transit lines including the B, D, F, M, N, Q, and R trains. These subway stations, such as 42 Street-Bryant Park, 5 Avenue-Bryant Park, Times Square-42 Street, and 34 Street-Herald Square, can be reached within a few minutes' walk. Additionally, the 33 St Subway Station grants easy access to the PATH Transit Stop train lines.

58-64 West 40th Street Property Overview

Bulding Address: 58-64 W 40th St
Bulding Name: Banks Building
Building Alternate address(es): 58-64 W 40th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:16
Year Built:1921
Building Class:B
Block & lot:00841-0081

Public Transportation

Time and Distance from 58-64 West 40th Street New York, NY 10018
Transit / Subway Distance Walk
42 Street-Bryant Park Transit Stop (B, D, F, M) 0.1 mi 3 min
5 Avenue-Bryant Park Transit Stop (7) 0.2 mi 5 min
Times Square-42 Street Transit Stop (1, 2, 3, 42 St Shuttle, 7, N, Q, R) 0.3 mi 6 min
34 Street-Herald Square Transit Stop (B, D, F, M, N, Q, R) 0.4 mi 8 min
33 St (PATH) Transit Stop (Hoboken-33rd Street, Journal Square-33rd Street) 0.4 mi 8 min

Map Location

Internet Providers at 58-64 West 40th Street

Internet Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber 10 Gb/s 10 Gb/s
Level 3 Communications Fiber 10 Gb/s 10 Gb/s
Cablevision/Lightpath Fiber 10 Gb/s 10 Gb/s

Nearby Office Tenants Leased
  • Schroders leased 74,000 SF at 7 Bryant Park
  • New World Travel, Inc. leased 12,007 SF at 1040 Avenue of the Americas
  • XP Securities leased 7,558 SF at 5 Bryant Park

Nearby Retail Tenants Leased
  • Libby Interiors leased 1,600 SF at 1032 Avenue of the Americas
  • La Colombe Coffee Roasters leased 1,481 SF at 7 Bryant Park

Office Rent 58-64 West 40th Street Average

Year $ / SF
2022 60.0
Year $ / SF
2022 48.0
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