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Rent Office 124 East 40th Street

$ / SF SF Monthly Rent
$ 48.5
$ 50

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 65
13,500
$ 73,125
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 55
12,900
$ 59,125
5th Ave & East 44th Street $ 70
9,600
$ 56,400
Park Ave & East 45th Street $ 98
9,700
$ 79,216
E 42nd St & Lexington Avenue $ 40
55,700
$ 185,666
Address $ / SF SF Monthly Rent
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Fifth Ave & East 44th Street $ 50
3,300
$ 13,750
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
Lexington Ave & East 41st Street $ 63
3,800
$ 19,950
5th Ave & East 44th Street $ 71
7,000
$ 41,416
Park Ave & East 40th Street $ 66
4,300
$ 23,650
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Park Ave & East 40th Street $ 68
2,000
$ 11,250
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Lexington Ave & East 41st Street $ 25
7,300
$ 15,056
Address $ / SF SF Monthly Rent
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 42nd St & Lexington Avenue $ 52
4,800
$ 20,800
Lexington Ave & East 41st Street $ 27
5,600
$ 12,716
Madison Ave & East 40th Street $ 59
4,200
$ 20,562
E 41st St & Fifth Avenue $ 47
2,700
$ 10,575
Fifth Ave & East 45th Street $ 54
3,400
$ 15,300
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Lexington Ave & East 40th Street $ 41
2,100
$ 7,175
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
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
Vanderbilt Ave & East 43rd Street $ 125
15,800
$ 164,583
Fifth Ave & East 46th Street $ 69
11,400
$ 65,550
Park Ave & East 41st Avenue $ 175
12,200
$ 177,916
Lexington Ave & East 42nd Street $ 69
7,400
$ 42,550
Third Ave & East 40th Street $ 60
27,700
$ 138,500
Park Ave & East 39th Street $ 105
12,400
$ 108,500
E 42nd St & Lexington Avenue $ 69
28,500
$ 163,875
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Madison Ave & East 45th Street $ 85
14,200
$ 100,583
E 42nd St & Madison Avenue $ 84
12,700
$ 88,900
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street $ 98
3,200
$ 26,133
E 45th St & Lexington Avenue $ 81
4,300
$ 29,025
Lexington Ave & East 42nd Street $ 67
4,000
$ 22,333
Third Ave & East 40th Street $ 63
3,600
$ 18,900
Third Ave & East 42nd Street $ 70
5,500
$ 32,083
E 42nd St & Lexington Avenue $ 58
4,100
$ 19,816
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Third Ave & East 41st Street $ 55
5,100
$ 23,375
Third Ave & East 41st Street $ 70
4,800
$ 28,000
Third Ave & Between East 44th Street $ 65
4,800
$ 26,000
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Third Ave & East 39th Street $ 70
4,700
$ 27,416
Address $ / SF SF Monthly Rent
E 45th St & Lexington Avenue $ 75
2,400
$ 15,000
Lexington Ave & East 42nd Street $ 61
1,500
$ 7,625
Park Ave & East 41st Street $ 85
2,300
$ 16,291
E 44th St & East 44th Street $ 82
2,300
$ 15,716
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Address $ / SF SF Monthly Rent
Fifth Ave & East 42nd Street $ 58
7,400
$ 35,766
E 42nd St & Park Avenue $ 59
9,700
$ 47,691
E 42nd St & Lexington Avenue $ 65
8,400
$ 45,500
Madison Ave & East 40th Street $ 66
14,600
$ 79,691
Vanderbilt Ave & East 44th Street $ 79
8,100
$ 53,325
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
E 44th St & Third Avenue $ 58
8,400
$ 40,600
E 45th St & Third Avenue $ 48
7,100
$ 28,400
Madison Ave & East 40th Street $ 59
16,000
$ 78,666
Address $ / SF SF Monthly Rent
E 41st St & Fifth Avenue $ 59
5,300
$ 26,058
E 45th St & Third Avenue $ 48
5,000
$ 20,000
Madison Ave & East 40th Street $ 56
6,900
$ 32,200
E 44th St & Third Avenue $ 48
4,500
$ 18,000
E 41st St & Fifth Avenue $ 50
4,000
$ 16,666
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Madison Ave & East 40th Street $ 45
3,500
$ 13,125
Madison Ave & East 40th Street $ 75
3,600
$ 22,500
Madison Ave & East 41st Avenue $ 56
5,700
$ 26,600
Madison Ave & East 41st Avenue $ 61
2,600
$ 13,216
Lexington Ave & East 41st Street $ 60
3,700
$ 18,500
Vanderbilt Ave & East 44th Street $ 50
4,000
$ 16,666
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
Third Ave & Between East 44th Street $ 66
4,800
$ 26,400
E 42nd St & Lexington Avenue $ 55
3,300
$ 15,125
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue $ 132
2,000
$ 22,000
E 45th St & Third Avenue $ 47
1,700
$ 6,658
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
Lexington Ave & East 40th Street $ 43
2,100
$ 7,525
Fifth Ave & East 42nd Street $ 60
1,600
$ 8,000
Lexington Ave & East 44th Street $ 55
1,500
$ 6,875
E 42nd St & Lexington Avenue $ 61
2,200
$ 11,183
E 42nd St & Madison Avenue $ 69
2,100
$ 12,075
Second Ave & East 43rd Street $ 59
2,300
$ 11,308
Madison Ave & East 39th Street $ 52
1,900
$ 8,233
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,400
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 40
7,900
$ 26,004
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 41,750
Address $ / SF SF Monthly Rent

Retail Spaces for Rent at 124 E 40th St

Rent Retail 124 E 40th St

Rent Medical Space at 124 E 40th St

Office Tenants Rented / Leased 124 East 40th Street
  • Etta Batman leased 500 SF
  • Comprehensive Rapeutic… leased 500 SF
  • Compu-Craft Business Svcs leased 500 SF
  • Dr John W. Phelts leased 500 SF
  • Dr Karen A Wright DC, PC leased 500 SF
  • Dr. Alexander Alvarado Ps… leased 500 SF
  • Dr. Joshua Kantor leased 0 SF
  • Early Options leased 0 SF
  • Assoc. Inc leased 500 SF
  • Dr. Karen Wright, DC leased 500 SF
Nearby Office Tenants Leased
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
  • 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
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • WeWork leased 111,500 SF at 750 Lexington Avenue
  • Katten leased 110,157 SF at 575 Madison Ave
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
Nearby Retail Tenants Leased
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • New York Golf Center leased 6,500 SF at 100 Park Ave
  • Francois Latapie leased 6,500 SF at 30 East 60th St
  • Armonk Farm Inc. leased 6,400 SF at 2 West 45th St
  • Nespresso leased 6,300 SF at 24 West 40th Street
  • 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
  • JP Morgan Chase Bank leased 6,000 SF at 1 United Nations Plaza
  • Bo Concept leased 6,000 SF at 220 East 57th St
$ / SF SF Monthly Rent
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Tenant Broker’s Perspective:

Strategically positioned just steps from Grand Central Terminal, 124 East 40th Street represents a high-value opportunity for firms prioritizing transit connectivity and a prestigious Midtown Manhattan footprint. We advise investors and owner-users to capitalize on the building's boutique scale, which offers a unique branding identity and floor-plate flexibility that is increasingly rare in this core submarket. Its proximity to major commuter hubs and the ongoing revitalization of the East Side ensures resilient long-term asset appreciation and consistent demand from high-profile professional services tenants.

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124 East 40th Street nyc
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124 East 40th Street Property Overview

Building Address: 124 E 40th St, New York NY 10016
Building Alternate Address: 124 E 40th St
Zip Code:10016
Neighborhood:Grand Central
Borough:Manhattan
Stories:0
Year Built:1923
Building Class:C
Block & lot:00895-0078

124 East 40th Street is a historic building located in the Murray Hill area of Manhattan, New York City. It was constructed in 1923 and features an 11-story structure. The building is classified as an office with commercial units, reflecting its business-oriented architecture and function in the heart of the city.

The building has a single structure on its lot and covers a total lot area of 5,036 square feet. Its market value is assessed at approximately $13.23 million, with annual property taxes estimated around $587,338. The building's dimensions are noted as 59.25 feet by 76 feet.

Originally part of New York's early 20th-century development, 124 East 40th Street also known as part of the address 350 Lexington Avenue, remains a significant part of Manhattan's architectural heritage. Its proximity to major business centers makes it an attractive location for commercial interests.

124 E 40th St, Manhattan, NYC

124 E 40th St, New York, NY 10016

This property is located in the vibrant neighborhood of Murray Hill, known for its historical architecture and proximity to major transportation hubs.

Property Details

  • Building Type: Commercial
  • Year Built: 1923
  • Stories: 11
  • Building Size: 47,414 sqft
  • Lot Size: 5,036 sqft

Location Information

The property is situated in a prime area of Manhattan, providing easy access to public transportation, dining, and entertainment options.

Nearby Public Transport

  • 42nd Street–Grand Central - 4 minutes walk
  • 5th Avenue - 8 minutes walk
  • Grand Central - 5 minutes walk

Tax Information

  • Estimated Property Tax: $581,402 (2024-2025)
  • Market Value: $13,229,000
  • Assessed Value: $5,953,050

Neighborhood Overview

Murray Hill is known for its blend of residential and commercial spaces, providing a lively urban atmosphere. The area features a mix of old-world charm and modern conveniences, making it a desirable location for both businesses and residents.


124 E 40th St, Manhattan, NYC offers the following building amenities:

  • High Ceilings
  • Natural Light
  • Wi-Fi
  • 24/7 Key/Card Access

124 East 40th Street, located in the Murray Hill neighborhood of Manhattan, New York City, is an 11-story commercial building constructed in 1923. The property features both office and retail spaces and is known for its central location, offering a high transit score due to its proximity to Grand Central Terminal.

The building is classified as a Class C property and has been the site of various tenants, including office and medical users. It provides amenities such as 24/7 key/card access and convenient access to major transportation hubs.

Office spaces here often come equipped with built offices, a wet pantry, and private restrooms, making it suitable for businesses requiring functional and accessible work environments.

Past tenants or users have likely included small businesses, medical practices, and other professional services. However, specific details about current or past office tenants are not readily available in the provided information.


For those residing at 124 E 40th St in Manhattan, NYC, the primary internet providers include:

  • Verizon - Offers 100% fiber-optic network with speeds up to 940/880 Mbps.
  • Spectrum - Provides cable internet with speeds up to 1 Gbps.
  • Astound Broadband Powered by RCN - Offers both cable and fiber services with competitive pricing.

124 E 40th St in Manhattan, NYC, is strategically located near several major transportation hubs and cross streets.

Transportation Options:

  • Subway: Accessible via the 4, 5, 6, 7, M, and S trains, with Grand Central Terminal just a short walk away.
  • Bus: Service by BxM1, M5, M101, M3, M103, and others.
  • Train: Nearby access to HARLEM, HUDSON, DANBURY, and other routes.

Nearest Cross Streets:

  • Madison Avenue and Park Avenue offer convenient walking routes.
  • Lexington Avenue is nearby, providing additional connectivity.
Office Tenants Rented / Leased 124 East 40th Street
  • Etta Batman leased 500 SF
  • Comprehensive Rapeutic… leased 500 SF
  • Compu-Craft Business Svcs leased 500 SF
  • Dr John W. Phelts leased 500 SF
  • Dr Karen A Wright DC, PC leased 500 SF
  • Dr. Alexander Alvarado Ps… leased 500 SF
  • Dr. Joshua Kantor leased 0 SF
  • Early Options leased 0 SF
  • Assoc. Inc leased 500 SF
  • Dr. Karen Wright, DC leased 500 SF

Nearby Office Tenants Leased
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
  • 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
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • WeWork leased 111,500 SF at 750 Lexington Avenue
  • Katten leased 110,157 SF at 575 Madison Ave
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave

Nearby Retail Tenants Leased
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • New York Golf Center leased 6,500 SF at 100 Park Ave
  • Francois Latapie leased 6,500 SF at 30 East 60th St
  • Armonk Farm Inc. leased 6,400 SF at 2 West 45th St
  • Nespresso leased 6,300 SF at 24 West 40th Street
  • 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
  • JP Morgan Chase Bank leased 6,000 SF at 1 United Nations Plaza
  • Bo Concept leased 6,000 SF at 220 East 57th St
Office Tenants Rented / Leased 124 East 40th Street
  • Etta Batman leased 500 SF
  • Comprehensive Rapeutic… leased 500 SF
  • Compu-Craft Business Svcs leased 500 SF
  • Dr John W. Phelts leased 500 SF
  • Dr Karen A Wright DC, PC leased 500 SF
  • Dr. Alexander Alvarado Ps… leased 500 SF
  • Dr. Joshua Kantor leased 0 SF
  • Early Options leased 0 SF
  • Assoc. Inc leased 500 SF
  • Dr. Karen Wright, DC leased 500 SF
Nearby Office Tenants Leased
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Mitsubishi International Corp. leased 122,500 SF at 655 Third Ave
  • 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
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • WeWork leased 111,500 SF at 750 Lexington Avenue
  • Katten leased 110,157 SF at 575 Madison Ave
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
Nearby Retail Tenants Leased
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • New York Golf Center leased 6,500 SF at 100 Park Ave
  • Francois Latapie leased 6,500 SF at 30 East 60th St
  • Armonk Farm Inc. leased 6,400 SF at 2 West 45th St
  • Nespresso leased 6,300 SF at 24 West 40th Street
  • 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
  • JP Morgan Chase Bank leased 6,000 SF at 1 United Nations Plaza
  • Bo Concept leased 6,000 SF at 220 East 57th St

Onsite Networks Testimonial

Onsite Networks testimonial I am writing in recognition of the quality service provided by Optimal Spaces Inc. and Stephen Sunderland in finding us a sublease at 41 Madison Avenue. We strongly recommend them for the excellent job they did. They were efficient and responsive in locating spaces that met our needs 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, Dennis Jules Kessler Chief Financial Officer On Site Networks, Inc
🤝
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?
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”)
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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Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
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