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Rent/Lease Apartment 40 Park Ave
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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40 Park Ave Property Overview
| Building Address: | 40 Park Ave, New York NY 10016 |
| Zip Code: | 10016 |
| Neighborhood: | Murray Hill |
| Borough: | Manhattan |
| Stories: | 0 |
| Year Built: | 1950 |
| Building Class: | B |
40 Park Avenue Historical Overview
Designed by Emery Roth & Sons and completed in 1950, 40 Park Avenue is an 18-story residential building with penthouse additions in Manhattan's Murray Hill neighborhood. The Rudin family developed this Mid-Century Modern structure featuring a beige brick facade with angular setbacks above the 14th floor to accommodate balconies and views.
Notable original residents included Dr. Charles G. McCormick, founding member of the American Group Psychotherapy Association, and his wife Selma Hansen. The property has maintained its landmark architectural character while offering modern amenities, centrally located near multiple transit options.
- Architectural Firm: Emery Roth & Sons
- Construction Period: Post-World War II (completed 1950)
- Style: Mid-Century Modern with balcony-focused design
- Original Features: Canopied entrance, setback configuration
- Location: Northwest corner of Park Avenue and 36th Street
40 Park Avenue, Manhattan, NYC
Located at the corner of East 36th Street and Park Avenue in the Murray Hill neighborhood of Manhattan, 40 Park Avenue is an elegant residential building designed by Emery Roth & Sons and built by the Rudin family in 1950.
The 20-floor high-rise contains 148 residences and a total building size of approximately 153,398 square feet.
Amenities & Features
- Canopied entrance
- 24-hour concierge and doorman service
- Live-in resident manager
- On-site laundry facilities
- Private terraces in select residences
- Pet-friendly building
- Bike storage
- Passenger and service elevators
- Fitness center and yoga room
- Amazon package lockers
- App-enabled keyless unit access
Location & Transportation
Situated in Manhattan’s Murray Hill, the building offers excellent access to transit options, including nearby Grand Central Terminal and subway lines 4, 5, 6, 7, and S.
| Building Amenities |
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40 Park Avenue Office Tenant Information
| Suite | Size | Use Case | Features |
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| Suite 2 | 997 SF | Medical/Professional | Waiting room, reception, procedure room, 4 exam rooms, 2 restrooms |
| Suite 3 | 542 SF | Medical/Professional | Waiting area, lab, 2 exam rooms, office/consult, restroom |
Location: Corner of Park Avenue & East 36th Street
Building Features: Separate street entrance, public transit access (4/5/6/7/S trains)
- Verizon Fios - High speeds up to 2.3 Gbps with fiber-optic connectivity
40 Park Avenue in Manhattan, NYC, offers convenient access to several transportation options:
- Closest Subway Stations: Grand Central Terminal (4, 5, 6, 7, M, S trains) and 33rd Street (4, 6 trains).
- Bus Routes: BM5, BXM4, M1, M15-SBS, M42, QM34, QM40, X63, X64, X68, and Newark Airport Express.
The cross streets for 40 Park Avenue are East 40th Street and East 39th Street.
Additionally, 40 Park Avenue is nearby several major landmarks and transportation hubs, including Grand Central Terminal.
- BDO Seidman leased 121,441 SF at 100 Park Ave
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- WeWork leased 115,000 SF at 149 Madison Avenue
- McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
- TBWA Worldwide leased 107,308 SF at 488 Madison Ave
- KPMG LLP leased 102,979 SF at 560 Lexington Ave
- Bonnier Corp. leased 100,750 SF at 2 Park Ave
- Crain Communications leased 100,000 SF at 711 Third Ave
- Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
- Le Pain Quotidien leased 6,050 SF at 3 Park Ave
- Brooks Brothers leased 6,000 SF at 11 East 44th St
- National Basketball Association leased 6,000 SF at 590 Fifth Ave
- Designer Bargain Store leased 5,800 SF at 417 Fifth Ave
- Fine & Rare leased 5,702 SF at 9 East 37th Street
- Lex Dees Stores Inc. leased 5,372 SF at 420 Lexington Ave
- Sephora leased 5,316 SF at 300 Madison Avenue
- Wells Fargo leased 4,700 SF at 535 Madison Avenue
- Joseph Abboud leased 4,600 SF at 424 Madison Ave
- Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave
Sapphire Office Solutions Testimonial
To Whom It May Concern:
I am writing this letter of recommendation to acknowledge the outstanding job performed by Mr. Stephen Sunderland of Optimal Spaces, Incorporated, in regards to locating and executing a great sublease and direct lease extension.
In addition to finding the sublease, Stephen also add a long term extension to our direct lease at a great price. We never would have completed this transaction without Stephen's persistency, expertise, and diligence.
We attempted to work with other brokers prior to meeting Stephen (discovered Stephen from advertisement) and he was the only broker who listened to our needs and took us to spaces that fit all OUR requirements, not his.
We would highly recommend Mr. Sunderland and his company without hesitation.
Sincerely,
Paul Holstein
President