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Rent/Lease Office 116 E 27th St

$ / SF SF Monthly Rent
Negotiable
7,400
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Madison Ave & East 29th Avenue $ 59
10,500
$ 51,625
Park Ave S & Between East 19th Street $ 60
7,700
$ 38,500
Fifth Ave & East 19th Street $ 77
8,800
$ 56,466
Fifth Ave & East 16th Street $ 42
10,100
$ 35,350
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Madison Ave & East 25th Street $ 92
9,100
$ 69,766
Park Ave S & East 20th Street $ 80
13,000
$ 87,208
Address $ / SF SF Monthly Rent
Park Ave S & East 17th Street $ 95
4,000
$ 31,666
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Madison Ave & East 29th Avenue $ 60
8,300
$ 41,845
E 23rd St & Park Avenue $ 42
18,400
$ 63,633
Broadway & East 20th Street $ 70
18,200
$ 106,166
Park Ave S & Between East 19th Street $ 66
7,700
$ 42,670
Park Ave S & East 27th Street $ 75
8,700
$ 54,375
Fifth Ave & East 29th Street $ 78
12,500
$ 81,770
Park Ave S & East 27th Street $ 90
23,800
$ 179,491
Park Ave S & East 27th Street $ 69
13,100
$ 75,325
E 26th St & Fifth Avenue $ 125
12,100
$ 126,041
Park Ave S & East 26th Street $ 48
12,000
$ 48,000
Address $ / SF SF Monthly Rent
Broadway & Between East 19th Street $ 76
5,300
$ 33,787
E 23rd St & Park Avenue $ 42
6,100
$ 21,604
Broadway & East 20th Street $ 76
3,700
$ 23,587
Fifth Ave & East 29th Street $ 74
4,700
$ 28,787
Park Ave S & East 26th Street $ 71
3,900
$ 23,075
Park Ave S & East 26th Street $ 75
2,700
$ 16,875
University Pl & East 12th Street $ 50
6,500
$ 27,354
Broadway & East 18th Street $ 73
2,500
$ 15,208
Union Sq W & East 16th Street $ 67
3,700
$ 20,658
Address $ / SF SF Monthly Rent
Broadway & Between East 19th Street $ 75
2,200
$ 13,750
E 23rd St & Third Avenue $ 46
2,400
$ 9,100
Park Ave S & East 26th Street $ 63
2,100
$ 11,025
Fifth Ave & East 29th Street $ 73
2,000
$ 12,100
Broadway & East 18th Street $ 74
1,800
$ 11,025
Address $ / SF SF Monthly Rent
E 19th St & Broadway $ 52
7,700
$ 33,687
Madison Ave & East 30th Street $ 39
11,000
$ 35,750
E 23rd St & Lexington Avenue $ 67
21,600
$ 120,600
Address $ / SF SF Monthly Rent
E 23rd St & Park Avenue $ 35
2,800
$ 8,166
E 19th St & Broadway $ 55
5,500
$ 25,208
Fifth Ave & East 29th Street $ 60
2,500
$ 12,395
Fifth Ave & Between East 28th Street $ 53
5,000
$ 22,083
Address $ / SF SF Monthly Rent
E 28th St & Park Avenue South $ 38
2,300
$ 7,379
Broadway & East 21st Street $ 74
1,800
$ 11,175

Retail Spaces for Rent at 116 E 27th St

Rent Medical Space at 116 E 27th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 116 East 27th Street. This trend is projected to continue. Opportunities for subleases remain available at 116 East 27th Street and in the nearby Gramercy Park neighborhood.
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116 East 27th Street Property Overview

Building Address: 116 E 27th St, New York NY 10016
Building Alternate Address: 116 E 27th St
Zip Code:10016
Neighborhood:Gramercy Park
Borough:Manhattan
Stories:12
Year Built:1915
Building Class:B

History of 116 East 27th Street, Manhattan, NYC

116 East 27th Street is a historic commercial office building located in the NoMad neighborhood of Manhattan, New York City. The building was originally constructed in 1915 and stands 12 stories tall, encompassing approximately 70,217 square feet of space.

Designed as an office building with commercial uses, it reflects early 20th-century architecture typical of New York City's growing business districts during that era. Over the years, the building has maintained its structural and design integrity while adapting to modern office needs, including 24/7 access and upgraded features such as Thermopane windows and attended lobby services.

Situated between Park Avenue South and Lexington Avenue, 116 East 27th Street occupies a strategic location in the Gramercy Park submarket, providing both historical significance and contemporary convenience. It continues to serve as a functional office space within Manhattan's bustling commercial real estate market.

116 East 27th Street, Manhattan, New York, NY 10016

Located in the NoMad neighborhood of Manhattan, this 12-story office building was constructed in 1915.

The building features a total of approximately 70,217 square feet of office and commercial space, with typical floor sizes around 5,851 square feet.

Building highlights include:

  • Efficient floor plates with full glass front
  • Tenant controlled HVAC
  • 24-hour access and attended lobby
  • Thermopane windows
  • Ceilings up to 12 feet
  • Surface and covered parking options
  • High-end bathrooms and pantry areas
  • Glass fronted offices and conference rooms
  • LED lighting and fiber connectivity (Crown Castle, Spectrum)

The property is situated between Park Avenue South and Lexington Avenue on East 27th Street in the Gramercy Park submarket.

Alternate addresses: 116-120 E 27th St, New York, NY 10016.

Estimated property tax: $647,689. The building is classified as a Class B office building, with commercial zoning for 7-19 story buildings.


  • Tenant controlled HVAC
  • Full floor presence
  • 12' Ceilings
  • Attended lobby
  • Crown Castle, Spectrum Fiber
  • High-end bathrooms & pantry
  • Glass-fronted offices & conference rooms
  • LED Lighting
  • 24/7 access
  • Concierge
  • Thermopane windows

116 E 27th St Office Tenants

  • Steven Levine - World Insurance Associates, 9th Floor

Building Features

  • Address: Between Park Ave S & Lexington Ave, Gramercy Park submarket
  • Built: 1915 | Floors: 12 | Size: 70,217 SF
  • 11th Floor: Glass-fronted offices, conference rooms, LED lighting, high-end bathrooms
  • Amenities: 24/7 access, attended lobby, tenant-controlled HVAC

For 116 E 27th St, Manhattan, NYC, internet providers available in the area include Astound Broadband Powered by RCN, Spectrum, and Verizon. These providers offer a range of plans and speeds, catering to different needs. Additionally, there are fiber assets nearby from CROWN CASTLE, which could be leveraged for high-speed connectivity.


116 E 27th St, Manhattan, NYC is situated in the Nomad area, close to Kips Bay, but specifically located on the border of these neighborhoods. It has excellent transportation options nearby:

Nearest Subway: - 23 Street (4, 6 Line): Approximately a 4-minute walk, 0.3 miles away. - 33 Street (4, 6 Line): Approximately a 6-minute walk. - Park Ave & 28th St (6 Line): The closest station is just 0.066 miles away, about a 1-minute walk.

Bus Routes: - M101: Located on Lexington Av/E 28 St, about 0.058 miles away.

Cross Streets: - Park Ave S and Lexington Ave: The building is positioned between these two major avenues.


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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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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.
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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