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Rent/Lease Office 10 E 38th St

$ / SF	SF	Monthly Rent
$ 36.5

Nearby Sublease office Spaces for Rent

Address	$ / SF	SF	Monthly Rent

Address	$ / SF	SF	Monthly Rent

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 36th Street	$ 39	2,000	$ 6,500

Address	$ / SF	SF	Monthly Rent
E 34th St & Fifth Avenue	$ 29	21,800	$ 52,683

Address	$ / SF	SF	Monthly Rent
E 37th St & Fifth Avenue	$ 43	5,100	$ 18,275
Park Ave S & East 31st Street	$ 54	4,800	$ 21,600

Address	$ / SF	SF	Monthly Rent

Address	$ / SF	SF	Monthly Rent

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 36th Street	$ 39	5,900	$ 19,175

Address	$ / SF	SF	Monthly Rent

Tipo di spazio	Classe A/mese	Classe B/mese	Classe C/mese
Ufficio con finestra/persona
Ufficio interno/persona
Sale per team
Suite

Nearby office Spaces for Rent

Address	$ / SF	SF	Monthly Rent
Lexington Ave & East 31st Street	$ 59	11,800	$ 58,016

Address	$ / SF	SF	Monthly Rent
Park Ave S & East 31st Street	$ 64	3,000	$ 16,000
Fifth Ave & East 36th Street	$ 32	4,400	$ 11,916
Park Ave & East 34th Street	$ 75	4,000	$ 25,000

Address	$ / SF	SF	Monthly Rent
Fifth Ave & East 36th Street	$ 52	2,400	$ 10,400

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 33rd Street	$ 60	8,400	$ 41,650
Madison Ave & East 37th Street	$ 49	7,400	$ 30,216
Lexington Ave & East 33rd Street	$ 46	8,300	$ 32,162
Fifth Ave & East 32nd Street	$ 51	8,000	$ 34,000
Fifth Ave & East 36th Street	$ 42	7,800	$ 27,300
Madison Ave & East 31st Street	$ 54	15,000	$ 67,500
Park Ave S & East 31st Street	$ 50	7,600	$ 31,666

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 33rd Street	$ 77	4,600	$ 29,516
Madison Ave & East 37th Street	$ 55	5,000	$ 22,916
Madison Ave & East 34th Street	$ 54	4,200	$ 18,900
5th Ave & East 34th Street	$ 56	3,600	$ 16,800
Madison Ave & East 31st Street	$ 61	5,000	$ 25,416
Madison Ave & East 35th Street	$ 41	2,600	$ 8,883
Fifth Ave & East 32nd Street	$ 59	4,000	$ 19,666
Lexington Ave & East 33rd Street	$ 46	3,100	$ 11,883

Address	$ / SF	SF	Monthly Rent
Madison Ave & East 33rd Street	$ 79	2,200	$ 14,483
Madison Ave & East 37th Street	$ 55	2,400	$ 11,000
5th Ave & East 34th Street	$ 56	2,400	$ 11,200
Madison Ave & East 35th Street	$ 42	1,800	$ 6,375
Fifth Ave & East 36th Street	$ 38	1,800	$ 5,700

Address	$ / SF	SF	Monthly Rent
E 31st St & Madison Avenue	$ 45	7,300	$ 27,375
E 33rd St & Madison Avenue	$ 47	8,200	$ 32,116

Address	$ / SF	SF	Monthly Rent
E 38th St & Fifth Avenue	$ 36	5,400	$ 15,975
E 33rd St & Fifth Avenue	$ 56	3,000	$ 14,125
E 31st St & Madison Avenue	$ 43	4,400	$ 15,766
Fifth Ave & East 36th Street	$ 40	2,800	$ 9,333
E 32nd St & Between East 32nd Street	$ 49	5,500	$ 22,458
E 33rd St & Madison Avenue	$ 48	4,100	$ 16,400

Address	$ / SF	SF	Monthly Rent
E 31st St & Madison Avenue	$ 48	2,000	$ 8,000

Rent Retail 10 E 38th St

Rent Medical Space at 10 E 38th St

Medical Direct Offices
Medical Subleases Offices

Nearby Tenants

Nearby Office Tenants Leased

BDO Seidman leased 121,441 SF at 100 Park Ave
The United Nations leased 120,000 SF at 730 Third Ave
Convene leased 116,000 SF at 530 Fifth Avenue
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

Nearby Retail Tenants Leased

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

$ / SF	SF	Monthly Rent
Please notify me when a new space is available

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 10 East 38th Street. This trend is projected to continue. Opportunities for subleases remain available at 10 East 38th Street and in the nearby Murray Hill neighborhood.

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Property Summary

10 East 38th Street Property Overview

Building Address:	10 E 38th St, New York NY 10016
Building Alternate Address:	10 E 38th St
Zip Code:	10016
Neighborhood:	Murray Hill
Borough:	Manhattan
Stories:	11
Year Built:	1916
Building Class:	B
Block & lot:	00867-0064

10 East 38th Street, located in the Murray Hill neighborhood of Manhattan, is a historic building with a rich history. Built in 1916, it stands as an 11-story office building classified as a B-class property. The structure was designed to serve as an office with commercial spaces, and it sits on a lot of 4,938 square feet. The building features a total area of approximately 57,938 square feet.

Originally constructed in the early 20th century, 10 East 38th Street reflects the architectural style of its time. It is situated near prominent New York City landmarks such as Grand Central Terminal and the Empire State Building, providing excellent accessibility and proximity to major transportation hubs.

The property has undergone various transactions over the years, with detailed records available through title documents and property tax information. Its location in a bustling commercial area makes it a valuable piece of Manhattan real estate.

10 East 38th Street, Manhattan, NYC

Address: 10 E 38th St, New York, NY 10016

Neighborhood: Murray Hill

Borough: Manhattan

Zip Code: 10016

Building Class: B

Year Built: 1916

Stories: 11

Total Building Size: Approximately 55,000 - 57,938 sq ft

Lot Size: 0.11 Acre (4,938 sq ft)

Features:

Office commercial building with general office use
WiredScore Silver certification for excellent data connectivity
High ceilings (up to 13 feet)
Hardwood floors
Tenant-controlled HVAC system
Wet pantries and private bathrooms on floors
24-hour key-fob access with an attended lobby
Two passenger elevators and a freight elevator
Full floor office spaces approx. 5,250 sq ft each

Location Highlights:

Located in Midtown South, near Grand Central Terminal
Walking distance to Times Square, Penn Station, Bryant Park, and the Empire State Building
Close proximity to multiple transit options including subway lines (4, 5, 6, 7, S), Metro-North, PATH trains, and buses

Property Tax Information (2024-2025):

Estimated Property Tax: $445,983
Market Value Assessed by Tax Assessor: $9,307,000
Assessed Value: $4,188,150

Amenity	Description
High Ceilings	Exposed ceilings, 13 feet high
Floor Layout	Individual floors approximately 5,250 SF
Lobby	Renovated attended lobby
Elevators	Two automatic passenger elevators and a separate freight elevator
Security and Access	24-hour key-fab access
Internet	High-speed internet, WiredScore Silver
Climate Control	Tenant-controlled HVAC
Property Management	Property manager on site
Windows and Views	Oversized windows on two sides of the building
Other Features	Updated wet pantries, hardwood floors

10 E 38th St, Manhattan, NYC, is home to several notable office tenants. The building is a popular choice for businesses due to its prime location in Midtown South, close to key transportation hubs like Grand Central and Penn Station. Current and past tenants include:

WeWork
Dermalogica
M2L
Evergreen
Tamis & Son
Stephan & Co.
Opal Financial

The building features a renovated lobby, high ceilings, hardwood floors, and modern amenities such as 24-hour access and tenant-controlled HVAC systems. It offers individual floors of approximately 5,250 square feet, ideal for establishing a full floor brand presence.

Internet providers available at 10 E 38th St, Manhattan, NYC:

SPECTRUM BUSINESS - Fiber available
Verizon - Fiber available

Transportation Near 10 East 38th Street, Manhattan, NYC

Subway Lines

Accessible subway lines near 10 E 38th St include 4, 5, 6, 7, and F trains.

Nearby Subway Stations

5 Av Station – approx. 2 min walk
Grand Central-42 St Station – approx. 4 min walk

Bus Routes

Multiple bus routes serve the area: BM5, BXM4, M103, M42, Q32, QM12, QM40, X37, M3, M4, QM21, M1, M2, SIM23, SIM24, and X27.

Nearby Bus Stops

Madison Av/E 38 St – 2 to 3 min walk
Madison Av/E 37 St – 3 min walk
Madison Av/E 39 St – 3 min walk
Lexington Av/E 37 St – 4 min walk
Madison Av/E 36 St – 4 min walk
Madison Av/E 40 St – 4 min walk
Grand Central – 5 min walk
Madison Av/E 35 St – 5 min walk
Madison Av/E 41 St – 5 min walk

Cross Streets

10 East 38th Street is located near the intersection of East 38th Street and Madison Avenue, in the Murray Hill neighborhood of Manhattan.

Nearby Office Tenants Leased

BDO Seidman leased 121,441 SF at 100 Park Ave
The United Nations leased 120,000 SF at 730 Third Ave
Convene leased 116,000 SF at 530 Fifth Avenue
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

Nearby Retail Tenants Leased

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

Nearby Tenants

Nearby Office Tenants Leased

BDO Seidman leased 121,441 SF at 100 Park Ave
The United Nations leased 120,000 SF at 730 Third Ave
Convene leased 116,000 SF at 530 Fifth Avenue
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

Nearby Retail Tenants Leased

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

Nothing else matters Software Testimonial

To whom it may concern: I am writing to recommend Stephen Sunderland and Optimal Spaces Inc. based on the excellent job they did assisting us in finding a lease at 215 Park Avenue South. They were fast and efficient in locating spaces that met our requirements and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted. I look forward to working with the team at Optimal Spaces Inc. again. Very truly yours, Donald H. Rutherford CFO

🤝 Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords. ⚖️ Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price. 🗂️ Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts. 🐷 Cost Savings: They negotiate rental price and identify/abate "hidden costs."
Why Optimal Spaces – Tenant Broker ✓ No fee for clients renting space. We work for YOU, not the landlord. Save 15–20% on your business costs. Save 100–200 hours of research. Access to all available spaces. Specialized real estate expertise. Alone or with other broker ✕ Miss deals and hard-to-find spaces. Potential conflict of interest (often represent landlords). Only 10% of available spaces are online. Lack of specialized expertise. May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate 1. The Crucial Distinction: Whose Side Are They On? LANDLORD REP (Listing Agent) Fiduciary Duty: LANDLORD (Highest Rent, Best Terms for Landlord) FORLEASE TENANT REP (Tenant Broker) Fiduciary Duty: TENANT ONLY (Lowest Rent, Best Terms for Tenant) LEVELS THE PLAYING FIELD 2. It Almost Always Costs You Nothing 3. Access to “Hidden” Inventory 4. Negotiating Beyond Base Rent Landlord Pays Fee Free Expert Representation Public Websites (Limited/Dated) BROKER DATABASES & NETWORKS (Off-Market, Subleases, Future Availabilities) FREE RENT TI ALLOWANCE (Build-out Cash) OPEX CAPS (Limit Increases) LEASE FLEXIBILITY (Renewal/Expansion Options) 5. Time Savings & Process Management 6. Mitigating Risk (the “Gotchas”) Searching, Scheduling, RFPs Outsourced RE Dept. (Curated Options, Timeline Management) Restoration Clauses Holdover Penalties LEASE PROTECTION Spots Pitfalls in LOI & Lease Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.