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Rent/Lease Apartment 49 E 34th 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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49 E 34th St Property Overview
| Building Address: | 49 E 34th St, New York NY 10016 |
| Building Name: | The KNOX |
| Zip Code: | 10016 |
| Neighborhood: | Murray Hill |
| Borough: | Manhattan |
| Stories: | 0 |
| Year Built: | 2007 |
| Building Class: | B |
Located at 49 East 34th Street, Manhattan, NYC, The Knox (also known as Madison Park Tower) has a unique history. Completed in 2007, this 36-story building was initially intended as a condominium project by Esplanade Capital but faced financial challenges. It was designed by HTO Architect and features 110 units.
Due to financial difficulties, the building was operated as extended-stay housing by Bridgestreet Corporate Housing before its units were converted to rent-regulated apartments in 2015. This conversion came after iStar Financial acquired the property and sold its loan to CIM Group. The CIM Group settled with the New York State Attorney General's Office to pay $4.4 million to a special city fund as part of the conversion process.
Today, The Knox offers stylish studio, one, and two-bedroom layouts with modern amenities like in-unit laundry in some units and a landscaped rooftop deck offering panoramic views of Manhattan. Situated in the vibrant Murray Hill neighborhood, it benefits from excellent public transportation connectivity and proximity to major attractions like the Morgan Library and Grand Central Station.
Recently, in 2024, The Knox gained attention as Four Winds Real Estate acquired a $52 million loan from Affinius Capital for the property, solidifying its position in the NYC real estate market.
The building features approximately 2,700 square feet of ground-floor retail space, enhancing its appeal in the busy neighborhood. With a walk score and transit score of 100, residents enjoy unparalleled access to New York City's amenities.
49 East 34th Street, Manhattan
The Knox, a luxury high-rise in Murray Hill, features:
- Studio, 1-bedroom & 2-bedroom condos
- Panoramic views (Empire State Building, East River)
- Marble countertops & custom cabinetry
- Washer/dryer in select units
- Hardwood floors & oversized windows
Amenities
- 24-hour doorman & concierge
- Fitness center & media lounge
- Rooftop terrace with city views
- Responsive building management
Location: Walk Score 100 - Surrounded by Midtown South restaurants, transit hubs, and cultural landmarks. Nearby schools include PS 116 and JHS 104.
- 24-hour attended lobby and doorman
- Lounge/Media Room
- Fitness Center
- Rooftop Terrace with city views
- Bike storage room
- Onsite laundry facilities
- Elevator access
- Responsive management team
- Floor-to-ceiling windows (unit feature)
- Marble bathrooms and countertops (unit feature)
- In-unit washer/dryer (select units)
- Custom cabinetry and lighting
Address: 49 East 34th Street, Manhattan, NYC 10016
Building Name: The Knox (Although reference to Madison Park Tower exists for a similar location)
Neighborhood: Murray Hill
Structure: 36-story, mid-block rental apartment tower
Completed: 2009
Total Units: 110 rental apartments
Amenities: Pet-friendly, doorman, fitness center, rooftop terrace and lounge, in-unit laundry in select units
Views: Panoramic views of the city, including the Empire State Building and East River
Accessibility: Close to the 6 subway line, easy access to Herald Square & Grand Central Subway stations
For residents at 49 E 34th St, Manhattan, NYC, some of the top internet providers available in the area include:
- Verizon Fios: Known for its high-speed fiber-optic internet services, offering speeds up to 2.3 Gbps.
- Spectrum: Offers a wide range of internet plans with reliable coverage in Manhattan.
- Astound Broadband: Provides competitive internet options for those seeking high-speed connectivity.
49 East 34th Street, Manhattan, NYC
Cross Streets: Madison Ave and Park Ave
Public Transportation:
- 34 Street-Herald Square Station (0.1 mile walk)
- 33 Street Station (4,6 trains - 2-minute walk)
- Nearby major hubs: Grand Central (0.6 mile walk), Penn Station (0.7 mile walk)
Airports:
- LaGuardia: 8.8 miles (17 minutes by car)
- Newark Liberty: 14.4 miles (20 minutes by car)
- CPR Institute For Dispute leased 8,542 SF at 30 East 33rd Street
- Sunwin Global Industry Inc. leased 8,300 SF at 295 Fifth Ave
- Transit Wireless leased 8,268 SF at 192 Lexington Ave
- Empire Safe Company, Inc. leased 8,000 SF at 6 East 39th St
- Albert Ellis Institute leased 8,000 SF at 145 East 32nd St
- WeWork leased 7,799 SF at 385 Fifth Avenue
- Global Health Strategies leased 7,300 SF at 38 East 32nd Street
- LM Cohen & Co. leased 7,104 SF at 1 West 34th St
- Interactive Advertising Bureau leased 7,000 SF at 116 East 27th St
- Maxon Furniture leased 6,436 SF at 200 Lexington Ave
- Starbucks leased 1,500 SF at 475 Park Avenue South
- Starbucks leased 1,251 SF at 330 West 34th Street
- Tone House leased 0 SF at 32 East 31st Street
- Myung Yi leased 0 SF at 148 Madison Ave
- Equinox leased 60,000 SF at 1 Park Avenue
- Equinox Fitness Clubs leased 52,120 SF at One Park Ave
- Sam Ash Music Stores leased 29,688 SF at 333 West 34th St
- Domus Design Collection leased 27,950 SF at 136 Madison Ave
- Citibank leased 15,000 SF at 411 Fifth Ave
- Open Kitchen 33 leased 9,250 SF at 33 East 33rd St
Vaultus Professional Service Testimonial
To whom it may concern:
I have had the opportunity to work with "Optimal Spaces" (specifically, Stephen Sunderland) over the last 18 months. Steve 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 spaces. Honestly, I was expecting to be "sold" a space that would not meet all of our needs. However, in a short period of time, Stephen found a tower-floor space that exceeded my expectations and that was approximately 25% below the current market rates for comparable space.
The most 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 extensive knowledge of the real estate market and negotiation, is responsive, and performs his work in a highly professional manner. I am impressed by Stephen's sincere desire to understand his clients' needs. It is clear to me that Stephen is most interested in building mutually beneficial business relationships with his clients -- not the commissions they represent.
I am happy to recommend "Optimal Spaces" to other growing businesses, and I look forward to working with "Optimal Spaces" again. Sincerely,
Joseph J. Tutrone
Vice President
Vaultus Professional Service