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Rent/Lease Office 10 E 38th St

$ / SF SF Monthly Rent
$ 36
5,200
$ 15,816
$ 35
7,400
$ 21,583

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 $ 52
4,800
$ 20,800
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
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1393 $ 775
Interior office/person $ 1350 $ 893 $ 525
Team Rooms $ 10100 $ 8143 $ 5025
Suites $ 20100 $ 12143 $ 7025

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 $ 59
8,400
$ 41,300
Madison Ave & East 37th Street $ 50
7,400
$ 30,833
Lexington Ave & East 33rd Street $ 46
8,300
$ 31,816
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 $ 53
15,000
$ 66,250
Park Ave S & East 31st Street $ 49
7,600
$ 31,033
Address $ / SF SF Monthly Rent
Madison Ave & East 33rd Street $ 78
4,600
$ 29,900
Madison Ave & East 37th Street $ 55
5,000
$ 22,916
Madison Ave & East 34th Street $ 54
4,200
$ 18,900
Madison Ave & East 31st Street $ 62
5,000
$ 25,833
Madison Ave & East 35th Street $ 42
2,600
$ 9,100
Fifth Ave & East 32nd Street $ 59
4,000
$ 19,666
Lexington Ave & East 33rd Street $ 47
3,100
$ 12,141
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
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
$ 16,425
E 33rd St & Fifth Avenue $ 58
3,000
$ 14,375
E 31st St & Madison Avenue $ 44
4,400
$ 16,133
Fifth Ave & East 36th Street $ 41
2,800
$ 9,566
E 32nd St & Between East 32nd Street $ 50
5,500
$ 22,916
E 33rd St & Madison Avenue $ 49
4,100
$ 16,741
Address $ / SF SF Monthly Rent
E 31st St & Madison Avenue $ 48
2,000
$ 8,000

Retail Spaces for Rent at 10 E 38th St

Rent Medical Space at 10 E 38th St

Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
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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10 East 38th Street nyc
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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
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St

Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl

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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.
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 the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
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.

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