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Rent/Lease Apartment 38 East 61st Street
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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38 East 61st Street Property Overview
| Building Address: | 38 East 61st Street, New York NY 10065 |
| Building Alternate Address: | 38 E 61st St |
| Zip Code: | 10065 |
| Neighborhood: | Plaza District |
| Borough: | Manhattan |
| Stories: | 19 |
| Year Built: | 1928 |
| Building Class: | B |
38 East 61st Street, Manhattan, NYC
This building, located in the heart of Manhattan, was first constructed in 1928. It is a high-rise structure with 19 stories, offering a mix of residential and commercial spaces.
The property has undergone renovations, with significant updates in 2001. It features a total of 36 units and is classified as a multifamily property with an apartment style.
The building's location off Madison Avenue provides a premier setting, making it suitable for various uses such as corporate headquarters, medical practices, or community facilities.
The building's history reflects the evolution of Manhattan's real estate landscape, with its original construction during a period of significant urban development.
38 East 61st Street, Manhattan, NYC
38 East 61st Street Amenities
- Exclusive Features:
- Two private elevators
- Exclusive use of marquee and flag
- Building-within-a-building presence
- Location Highlights:
- Premier location off Madison Avenue
- Between the Plaza District and Lenox Hill
- Additional Amenities:
- Concierge
- Doorman
- On-site garage
- Skylights and private reception area
- Two private elevators
- Exclusive use of marquee and flag
- Building-within-a-building presence
- Premier location off Madison Avenue
- Between the Plaza District and Lenox Hill
- Concierge
- Doorman
- On-site garage
- Skylights and private reception area
38 East 61st Street, Manhattan, NYC, is a prominent commercial condominium located in the heart of Lenox Hill, near the Plaza District. This property offers 27,289 rentable square feet, ideal for corporate headquarters, medical practices, retail, or other commercial uses.
The building features two private elevators, a building-within-a-building presence, and exclusive use of marquee and flag. It is situated off Madison Avenue, providing a premier location with excellent accessibility via subway lines N, R, W, 4, 5, 6 at Lexington Avenue & 59th Street and F, Q at Lexington Avenue & 63rd Street.
Recent transactions include EMS Capital acquiring retail space at this address for $9.1 million.
Internet providers available near 38 East 61st Street, Manhattan, NYC include:
- Verizon: Offers fiber internet with speeds up to 2,300 Mbps.
- Spectrum: Provides fiber internet with speeds up to 1,000 Mbps, though coverage is limited to 16.4% of the area.
- Earthlink: Offers fiber internet with speeds up to 2,300 Mbps, covering 95.9% of the neighborhood.
Location: 38 East 61st Street, Manhattan, NYC
Nearest Cross Streets: 1st Avenue and 2nd Avenue
Public Transportation:
- Bus: BXM4, M15, M15-SBS, M31, M98, Q101
- Subway: 4, 5, N, R, W (nearest station: Lexington Av/59 St)
- Train: FAR ROCKAWAY BRANCH, HARLEM, PATH
- Cable Car: ROOSEVELT ISLAND TRAM (nearby)
- Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
- Grant Thornton LLP leased 130,357 SF at 757 Third Ave
- Holland & Knight leased 130,296 SF at 900 Third Ave
- First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
- Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
- Katten leased 125,000 SF at 50 Rockefeller Plaza
- Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
- Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
- Bucherer Timemachine leased 121,055 SF at 590 Madison Ave
- Baker Hostetler LLP leased 118,634 SF at 630 Fifth Ave
- Breitling leased 8,500 SF at 5 East 57th St
- Megu leased 8,500 SF at 845 United Nations Plaza
- Roche Bobois leased 8,200 SF at 950 Third Avenue
- Duane Reade leased 8,100 SF at 260 Madison Ave
- 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
- Valley National Bank leased 7,713 SF at 71 West 47th St
- Louis the 13th Cognac leased 7,500 SF at 3 West 57th Street
- HSBC leased 7,491 SF at 250 Park Avenue
- Asanda Aveda leased 6,800 SF at 120 East 56th St
- Francois Latapie leased 6,500 SF at 30 East 60th St
Abrams Garfinkel & Rosen Testimonial
Dear Stephen:
On behalf of my partners and myself, I want to thank you for your representation, assistance and support in connection with our search for new office space. We have worked with many brokers over the last eighteen months, but you were the only one who truly listened and tried to understand what our requirements, limitations and needs were. As a result of your diligence and persistence, we have been able to sign a lease for a space that meets all of our physical, aesthetic and economic criteria. You have done an excellent job on our behalf, and we are truly appreciative.
Please feel free to share this letter with any of your potential clients, as we would wholeheartedly recommend your services to others. Once again, thank you for everything.
Sincerely,
Neil B. Garfinkel
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.