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Rent/Lease Apartment 109 E 16th St
Why Optimal Spaces –
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1. The Crucial Distinction: Whose Side Are They On?
  2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
   5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
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109 East 16th Street Property Overview
| Building Address: | 109 E 16th St, New York NY 10003 |
| Building Alternate Address: | 109 E 16th St |
| Zip Code: | 10003 |
| Neighborhood: | Gramercy Park |
| Borough: | Manhattan |
| Stories: | 12 |
| Year Built: | 1909 |
| Building Class: | B |
109 East 16th Street in Manhattan, NYC, is a significant building with a rich history dating back to its construction in 1909. It stands 12 stories tall and is located in the heart of the Gramercy Park neighborhood. The building was last altered in 1967.
The structure features a cast stone façade and is a concrete-encased steel building. It has been fully occupied by the New York City Human Resources Administration (NYC HRA). The building's exterior has undergone several restoration projects, including repairs to the façade and structural enhancements.
O&S Associates has provided architectural and engineering services for the building since 2000, including FISP (formerly Local Law 11) services to ensure façade safety. The property has a current tax assessor's market value of $116,425,000.
Historically, the building has been an integral part of New York City's architectural landscape for over a century. Its proximity to major subway lines and bus routes makes it a convenient location for both residents and visitors.
109 East 16th Street, Manhattan, NYC
- Address: 109 East 16th Street, New York, NY 10003
- Secondary Address: 109-119 E 16th Street
- Neighborhood: Gramercy Park, Midtown Manhattan
- Zip Code: 10003
- Borough: Manhattan
Property Details:
- Year Built: 1909
- Year Last Altered: 1967
- Stories: 12
- Building Class: Office Only 7-19 Stories (O3)
- Total Floor Area: Approximately 288,402 square feet
- Lot Size: Approximately 24,764 square feet
Tax and Market Value:
- Tax Assessor's Market Value: $116,425,000
- Assessed Value: $52,391,250
- Estimated Property Tax: $5,448,504
Occupancy:
- Occupant: New York City Human Resources Administration (NYC HRA)
The building at 109 E 16th St in Manhattan, NYC, offers the following amenities:
- No Garage Access: There is no garage access available for residents, but local parking options are available.
- Occupant: The building is fully occupied by the New York City Human Resources Administration (NYC HRA).
109 East 16th Street in Manhattan, NYC, is a historic building serving as a major facility for the New York City Human Resources Administration (NYC HRA). The building is fully occupied by NYC HRA and houses various offices and services, including Benefits Access Centers and Adult Protective Services.
Internet providers available at 109 East 16th Street, Manhattan, NYC:
Verizon Fios: Known for high speeds up to 2 Gbps and reliable service.
Astound Broadband Powered by RCN: Offers both cable and fiber services with unlimited data usage.
Spectrum: Provides cable service with speeds up to 1 Gbps.
109 E 16th St, Manhattan, NYC, is located near several transportation options and crossroads.
Nearest Subway Stations:
- 14th Street–Union Square is just a few blocks away. You can take the 4, 5, 6, N, Q, R, W, or L trains.
- The L train is available at the nearby 1 Av station, a 4-minute walk.
Bus Stops:
Bus lines M101, M15, M15-SBS, M23-SBS, and M34A-SBS are nearby.
Cross Streets:
Located between Park Avenue South and Irving Place.
- Math For America leased 25,335 SF at 915 Broadway
- Compass leased 25,204 SF at 90 Fifth Avenue
- Knotel leased 24,000 SF at 5-9 Union Square West
- Pentagram Design leased 23,906 SF at 250 Park Avenue South
- Sound Lounge leased 22,476 SF at 149 Fifth Ave
- Knotel leased 20,000 SF at 72 Madison Avenue
- Happify Health leased 19,336 SF at 821 Broadway
- Bond Collective leased 18,420 SF at 115 East 23rd St
- Knotel leased 16,725 SF at 3 East 28th St
- Superfly Productions leased 16,267 SF at 381 Park Avenue South
- Brideside Bride leased 3,500 SF at 20 East 20th Street
- Damien Scoditti leased 3,500 SF at 920 Broadway
- Exki leased 3,000 SF at 76 Madison Ave
- Maison Kayser leased 3,000 SF at 841 Broadway
- Fresh & Co. leased 3,000 SF at 425 Park Ave South
- Wahoo's Fish Taco leased 2,800 SF at 333 Park Ave South
- Hale & Hearty Soups leased 2,800 SF at 432 Park Ave South
- Area Inc. leased 2,100 SF at 58 East 11th St
- Kumon North America leased 1,800 SF at 235 East 22nd St
- Copper Branch leased 1,725 SF at 195 Bleecker Street
Argent Trading Testimonial
To Whom it May Concern:
I have had the opportunity to work with Optimal Spaces Inc. (specifically, Stephen Sunderland) over the last 18 months. Stephen was hired to find a reasonably priced lease for corporate office space that would support our highly professional environment. I considered this to be a significant challenge since Manhattan was experiencing a severe shortage in available professional space.
However, Stephen found a space that exceeded my expectations and that was approximately 15% below current market rates for comparable space. An important aspect of working with Stephen is the level to which I can trust him to act in my best interest. I believe that Stephen possesses in-depth knowledge of the New York City real estate market and is responsive and performs his work in a very professional manner. I am impressed by Stephen's sincere desire to understand his clients' needs. It is clear to me that Stephen is interested un building mutually beneficial business relationships.
I am happy to recommend Optimal Spaces Inc. to other growing businesses, and I look forward to working with Optimal Spaces Inc. again.
Sincerely,
William Levitz
President
Argent Trading, LLC
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.