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Rent/Lease Apartment 240 E 38th St
From an investment and operational standpoint, 240 E 38th St represents a premier opportunity for professional and medical practitioners seeking the long-term equity benefits of office condominium ownership in Manhattan's Murray Hill submarket. Situated within the iconic Corinthian, these units offer a distinct competitive advantage through high-end building amenities and strategic proximity to the NYU Langone medical corridor. We advise clients to capitalize on the current demand for stabilized, owner-occupied assets, as the property’s private entrances and full-service infrastructure provide a level of professional prestige and functional autonomy that is increasingly rare in the Midtown East commercial landscape.
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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240 East 38th Street Property Overview
| Building Address: | 240 E 38th St, New York NY 10016 |
| Building Alternate Address: | 240 E 38th St |
| Zip Code: | 10016 |
| Neighborhood: | Murray Hill |
| Borough: | Manhattan |
| Stories: | 25 |
| Year Built: | 1968 |
| Building Class: | C |
The building located at 240 East 38th Street in Manhattan, New York City, is known as the Verizon Building. It was completed in 1967 and designed by the architectural firm Kahn & Jacobs. Situated in the Murray Hill neighborhood, the building is a tall structure originally intended for telecommunications use.
In 2012, the building underwent significant updates and currently encompasses approximately 531,892 square feet over 24 stories. Since that time, it has also become a key location for New York University Langone Medical Center's ambulatory care facilities. NYU Langone occupies more than half of the building's space, housing offices and medical services including a Cancer Infusion Center, Multiple Sclerosis Comprehensive Care Center, Rusk Rehabilitation, and other outpatient clinical operations.
These medical operations at 240 East 38th Street serve as temporary accommodations while NYU Langone's main hospital undergoes a major renovation project. The ambulatory care center at this site offers a wide range of specialty outpatient services for both adults and children, supporting NYU Langone's broader campus transformation and clinical expansion initiatives.
240 E 38th St, Manhattan, NYC
This address is located in the Murray Hill neighborhood of Manhattan, New York City. There are conflicting reports about the property details.
Property Details (Mixed Reports):
- Single Family Home: Some sources indicate it is a single-family home with approximately 4031 sqft or 10248 sqft, built in 1970 or another structure built in 2012 with 531,892 sqft known as the Verizon Building.
- Lot Size:assistant
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240 E 38th St, Manhattan, NYC
This address is located in the Murray Hill neighborhood of Manhattan, New York City. There are conflicting reports about the property details.
Property Details (Mixed Reports):
- Single Family Home: Some sources indicate it is a single-family home with approximately 4031 sqft or 10248 sqft, built in 1970. Another structure at this address is the Verizon Building, built in 2012 with 531,892 sqft.
- Lot Size: The lot size for the single-family home version is 0.78 acres.
- Verizon Building: This is a significant commercial building housing various NYU Langone medical services.
- NYU Langone Services: The building hosts medical services including the Laura and Isaac Perlmutter Cancer Center, Rusk Rehabilitation, and more.
Neighborhood
The Murray Hill neighborhood offers a mix of residential and commercial spaces, with nearby amenities and public transportation.
240 E 38th St, Manhattan, NYC, features a range of amenities including a doorman building, laundry facilities, a fitness center, and a common roof deck. The building is part of a vibrant area known as Murray Hill, which offers a blend of historic charm and modern amenities.
Key amenities:
- Doorman Building: Providing secure access and assisted service.
- Laundry Facilities: Conveniently located within the building for residents.
- Fitness Center: Equipped for workouts and maintaining a healthy lifestyle.
- Rooftop Deck: Offers scenic views and a space for relaxation.
This location is advantageous for commuters, with proximity to Grand Central Station and a variety of local amenities and services.
240 E 38th St, Manhattan, NYC, is home to several prominent office tenants. The building, known as the Verizon Building, houses various NYU Langone Health facilities, including:
NYU Langone Health Facilities: - NYU Langone Ambulatory Care Center East 38th Street: Offers outpatient services for adults and children, including preoperative care, dermatology, endoscopy, gastroenterology, pain management, pediatrics, neurology, and ear, nose, and throat. - Laura and Isaac Perlmutter Cancer Center: Located on the 18th, 19th, and 20th floors, providing doctor's visits and infusion services. - Rusk Rehabilitation: Provides rehabilitation services on the 15th floor. - Multiple Sclerosis Comprehensive Care Center: Located on the 13th floor. - Helen L. and Martin S. Kimmel Hyperbaric and Advanced Wound Healing Center: Also on the 13th floor. - NYU Langone Gastroenterology Associates: Situated on the 23rd floor. - NYU Langone Otolaryngology Associates: Found on the 14th floor.
Internet providers available near 240 E 38th St, Manhattan, NYC:
- AT&T U-verse: Offers DSL services with speeds up to 1 Gbps, although fiber is more widespread in NYC. AT&T plans often include bundles with TV and phone services.
- Spectrum: Provides cable and fiber services with speeds up to 1 Gbps. Spectrum is widely available in Manhattan and offers no data caps.
- Astound Broadband Powered by RCN: Offers fiber and cable internet with speeds up to 1.5 Gbps. RCN's coverage is extensive, but it may vary in some neighborhoods.
- Verizon Fios: Although primarily known for its fiber services with speeds up to 2.3 Gbps, availability can be limited in some Manhattan areas, especially commercial zones.
For specific availability at 240 E 38th St, it is recommended to contact these providers directly.
240 East 38th Street is located in Manhattan, NYC. The area is easily accessible via public transportation, including:
Subway: The nearest subway lines are the 4, 5, 6, 7, and S trains, with Grand Central-42 Street station being about a 0.4-mile walk away.
Bus: Bus routes M102, M103, M15, and M15-SBS are nearby.
Train: Commuter trains such as HARLEM and HUDSON are accessible, though not directly at this location.
Cross Streets: 240 East 38th Street is situated between 2nd Avenue and 3rd Avenue.
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Sander Partnership Inc Testimonial
Dear Stephen,
Looking for a new location in business has to be one of the most difficult situations a person finds himself or herself in. Thankfully, we found you. Without your diligent searches for space, I am convinced we would have never found the right space, at the right price and in the right location. You made the searches more enjoyable with your humor, and all of us at Sander Partnership decided early to work with your company. I hope we stay in touch, and if any of my friends need space, I would certainly recommend you.
I hope you will stop by to see what we have done with the space.
David Sander
Sander Partnership
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.