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Rent/Lease Apartment 338-342 E 49th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 338-342 East 49th Street. This trend is projected to continue. Opportunities for subleases remain available at 338-342 East 49th Street and in the nearby Midtown East neighborhood.

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Alone or with other broker

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  • Miss deals and hard-to-find spaces.
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  • Lack of specialized expertise.
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1. The Crucial Distinction: Whose Side Are They On?
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3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
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338-342 East 49th Street Property Overview

Building Address: 338-342 E 49th St, New York NY 10017
Building Alternate Address: 338-342 E 49th St
Zip Code:10017
Neighborhood:Midtown East
Borough:Manhattan
Stories:5
Year Built:1901
Building Class:B

338-342 East 49th Street, located in the Turtle Bay neighborhood of Manhattan, New York City, has a rich history. The buildings were constructed in 1901, reflecting the architectural styles of that era. Over the years, these structures have undergone alterations, with the most recent significant changes occurring in 1988.

The area is known for its historic charm and proximity to notable landmarks in Midtown East, such as the Chrysler Building and Grand Central Terminal. The buildings at 338-342 East 49th Street are part of a larger collection of converted dwellings and rooming houses, contributing to the neighborhood's diverse architectural landscape.

Today, these buildings continue to be part of the vibrant Manhattan community, offering a blend of residential and commercial spaces.

338-342 E 49th St, New York, NY 10017 is a multifamily property located in the Turtle Bay neighborhood of Manhattan. It is also known as 342 East 49th Street. The property was built in 1901 and last altered in 1988. It features three buildings on the lot, with a total of five stories. The building type is classified as Converted Dwellings or Rooming House (C5), with a total building area of 26,590 square feet and a lot size of 7,533 square feet.


338-342 E 49th St, Manhattan, NYC offers the following building amenities:

  • Office spaces classified as Class B
  • Windowed and interior offices available
  • Easy access to major transportation hubs
  • Proximity to iconic landmarks
  • Internet providers include Verizon Fios and Spectrum
  • Nearest subway: Lexington Av/53 St
  • Transportation options: Subway lines 4, 5, 6, 6X; Bus routes BM5, BXM8, M1, M5, M50
  • Airports: LaGuardia and Newark Liberty International

338-342 E 49th St, Manhattan, NYC, is a notable location in the Midtown East area. While specific details about current office tenants are not readily available, the building is part of a vibrant neighborhood known for its iconic structures and bustling business environment.

The area is home to various types of businesses, including retail and medical spaces. Nearby, notable retail tenants have leased spaces in other locations, such as Megu at 845 United Nations Plaza and Krav Maga at 919 Second Ave.

The building itself is a five-story structure built in 1901, classified as a Class B building. It offers amenities like 24-hour access and proximity to public transportation, making it an attractive location for businesses.


338-342 E 49th St, Manhattan, NYC

Internet Providers:

Commonly available providers in Manhattan include Verizon Fios and Spectrum. However, specific providers for this building may vary based on local infrastructure.


338-342 E 49th St is located in the Turtle Bay neighborhood of Manhattan, NYC. The property is situated between First and Second Avenue.

Transportation Options:

  • Nearest Subway: Lexington Av/53 St (0.4 miles, 7-minute walk)
  • Airports: LaGuardia Airport (7.3 miles, 16-minute drive), Newark Liberty International Airport (15.3 miles, 22-minute drive)

Cross Streets: First Avenue and Second Avenue

Nearby Office Tenants Leased
  • Laboratory Institute of Merchandising, the College for the Business of Fashion leased 30,160 SF at 535 Fifth Ave
  • Monarch Alternative Capit… leased 29,530 SF at 535 Madison Ave
  • Reproductive Medicine Associates leased 25,779 SF at 635 Madison Ave
  • Strike Technologies leased 25,000 SF at 545 Madison Avenue
  • The Ad Council leased 24,368 SF at 815 Second Ave
  • Banco Bradesco leased 21,822 SF at 450 Park Avenue
  • Glendower Capital leased 21,028 SF at 410 Park Ave
  • Duval & Stachenfeld leased 20,816 SF at 300 East 42nd St
  • Avantus Renal Therapy U… leased 19,906 SF at 315 East 62nd St
  • Jay Suites leased 18,989 SF at 369 Lexington Ave
Nearby Retail Tenants Leased
  • Taco Dumbo, Omakasa leased 2,407 SF at 237 Park Avenue
  • Camper leased 2,380 SF at 635 Madison Ave
  • Balade Your Way leased 2,373 SF at 641 Lexington Avenue
  • ViVa Events and Catering leased 2,000 SF at 222 East 58th Street
  • Oscar de la Renta leased 2,000 SF at 772 Madison Ave
  • Ribot leased 2,000 SF at 780 Third Ave
  • Columbia Organic Holdings leased 1,900 SF at 19 West 44th St
  • Mephisto leased 1,854 SF at 488 Madison Avenue
  • Litter & Leashes leased 1,852 SF at 1100 Second Ave
  • Hale and Hearty leased 1,800 SF at 369 Lexington Ave

Finnerty Economic Consulting, LLC. Testimonial

Finnerty Economic Consulting, LLC. testimonial To Whom It May Concern: My firm engaged Optimal Spaces when I searched for professional office space in New York City in 2005 and again in 2012 when the first lease expired and we decided to look for better office space in midtown Manhattan. I leased office space at 60 East 42"d Street in 2005 and office space at 122 East 42"d Street in 2012 with Stephen's assistance. When I sold my business to AlixPartners in 2014, I recommended that AlixPartners retain Optimal Spaces to negotiate a termination ofthe lease at 122 East 42"d Street. I worked very closely with Stephen Sunderland, Senior Managing Director of Optimal Spaces, during both searches for office space as well as during the lease termination process. Stephen is very knowledgeable regarding the Manhattan office market. His advice proved crucial in negotiating two leases and securing the lease termination on favorable terms. He made himself available on short notice to view properties, and he identified a range of lease opportunities in various locations at different price points. I was able to benefit from his expertise to find suitable space without extensive searching. I would not hesitate to recommend Stephen Sunderland and his firm to anyone who is searching for office space in Manhattan. Very truly yours, John D. Finnerty Managing Principal