Rent Office 124 East 40th Street
| $ / SF | SF | Monthly Rent |
|---|---|---|
| $ 48 | 2,300 |
$ 9,200 |
| $ 50 | 3,000 |
$ 12,375 |
| Type of Space | Class A/month | Class B/month | Class C/month |
|---|---|---|---|
| Windowed office/person | $ 2100 | $ 1300 | $ 935 |
| Interior office/person | $ 1350 | $ 800 | $ 685 |
| Team Rooms | $ 10100 | $ 8050 | $ 5185 |
| Suites | $ 20100 | $ 12050 | $ 7185 |
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 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 | $ 64 | 8,400 |
$ 44,800 |
| Madison Ave & East 40th Street | $ 65 | 14,600 |
$ 79,083 |
| Vanderbilt Ave & East 44th Street | $ 80 | 8,100 |
$ 54,337 |
| 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 | $ 58 | 16,000 |
$ 78,000 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| 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 | $ 76 | 3,600 |
$ 22,800 |
| Madison Ave & East 41st Avenue | $ 57 | 5,700 |
$ 27,075 |
| Madison Ave & East 41st Avenue | $ 62 | 2,600 |
$ 13,433 |
| Lexington Ave & East 41st Street | $ 61 | 3,700 |
$ 18,808 |
| Vanderbilt Ave & East 44th Street | $ 51 | 4,000 |
$ 17,000 |
| Fifth Ave & East 45th Street | $ 84 | 6,800 |
$ 47,600 |
| Third Ave & Between East 44th Street | $ 67 | 4,800 |
$ 26,800 |
| E 42nd St & Lexington Avenue | $ 56 | 3,300 |
$ 15,400 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 46th St & Fifth Avenue | $ 132 | 2,000 |
$ 22,000 |
| 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 |
$ 64,016 |
| Fifth Ave & East 39th Street | $ 52 | 7,300 |
$ 31,633 |
| E 39th St & Fifth Avenue | $ 39 | 7,900 |
$ 25,675 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & Between East 42nd Street | $ 84 | 6,000 |
$ 42,250 |
| Address | $ / SF | SF | Monthly Rent |
|---|
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.
Lease 124 East 40th Street
Rent 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, 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
- 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 East 40th Street Amenities
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.
Internet at 124 East 40th Street
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 East 40th Street Access
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.
- Nu Spirit US leased 460 SF
- Arena Construction leased 1,200 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
- Carol Van Stuart Corporat… leased 500 SF
- Chill Space leased 0 SF
- HIMA Acupunture leased 500 SF
- Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
- Yext leased 58,194 SF at 1 Madison Ave
- Duval & Stachenfeld leased 33,000 SF at 101 Park 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
- Digital Color Technologies leased 10,000 SF at 1001 Avenue of the Americas
- Hunter Roberts Interiors leased 10,000 SF at 102 Madison Ave
- Moadel Eye Specialists leased 7,500 SF at 104-110 E 40th St
- Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
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
- Hill Country Chicken NY LLC leased 2,700 SF at 1123 Broadway
- Clean Table leased 2,000 SF at 101 Seventh Avenue
- Sweetgreen leased 2,000 SF at 10 Hudson Yards
- Litter & Leashes leased 1,852 SF at 1100 Second Ave
- 40/40 Club leased 1,200 SF at 1115 Broadway
- Choza Taqueria leased 1,000 SF at 100 Park Ave
- The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
- Nu Spirit US leased 460 SF
- Arena Construction leased 1,200 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
- Carol Van Stuart Corporat… leased 500 SF
- Chill Space leased 0 SF
- HIMA Acupunture leased 500 SF
- Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
- Yext leased 58,194 SF at 1 Madison Ave
- Duval & Stachenfeld leased 33,000 SF at 101 Park 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
- Digital Color Technologies leased 10,000 SF at 1001 Avenue of the Americas
- Hunter Roberts Interiors leased 10,000 SF at 102 Madison Ave
- Moadel Eye Specialists leased 7,500 SF at 104-110 E 40th St
- Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
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
- Hill Country Chicken NY LLC leased 2,700 SF at 1123 Broadway
- Clean Table leased 2,000 SF at 101 Seventh Avenue
- Sweetgreen leased 2,000 SF at 10 Hudson Yards
- Litter & Leashes leased 1,852 SF at 1100 Second Ave
- 40/40 Club leased 1,200 SF at 1115 Broadway
- Choza Taqueria leased 1,000 SF at 100 Park Ave
- The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
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.