Rent Office 124 East 40th Street

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, 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.