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Rent/Lease Office 16 E 40th St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 65
13,500
$ 73,125
E 42nd St & Lexington Avenue $ 40
55,700
$ 187,987
5th Ave & East 44th Street $ 69
9,600
$ 55,200
Park Ave & East 45th Street $ 98
9,700
$ 79,620
Third Ave & East 39th Street $ 36
49,100
$ 145,254
Lexington Ave & East 43rd Street $ 53
12,900
$ 56,975
Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 54
3,500
$ 15,895
Park Ave & East 40th Street $ 67
4,300
$ 24,008
Lexington Ave & East 41st Street $ 64
3,800
$ 20,266
5th Ave & East 44th Street $ 70
7,000
$ 40,541
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Park Ave & East 40th Street $ 66
2,000
$ 10,916
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 25
7,300
$ 15,360
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 59
4,200
$ 20,737
Fifth Ave & East 45th Street $ 55
3,400
$ 15,583
Lexington Ave & East 41st Street $ 26
5,600
$ 12,016
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
E 42nd St & Lexington Avenue $ 50
4,800
$ 20,200
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 41st St & Fifth Avenue $ 48
2,700
$ 10,800
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Lexington Ave & East 40th Street $ 42
2,100
$ 7,262
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
E 40th St & Fifth Avenue $ 70
8,100
$ 47,250
Park Ave & East 41st Avenue $ 175
12,200
$ 177,916
Third Ave & East 46th Street $ 82
12,100
$ 82,179
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Address $ / SF SF Monthly Rent
E 40th St & Fifth Avenue $ 86
3,400
$ 24,366
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
E 44th St & East 44th Street $ 82
2,300
$ 15,716
E 45th St & Lexington Avenue $ 75
2,400
$ 15,000
Lexington Ave & East 42nd Street $ 61
1,500
$ 7,625
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Park Ave & East 41st Street $ 85
2,300
$ 16,291
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 66
14,600
$ 80,300
Vanderbilt Ave & East 44th Street $ 80
8,100
$ 53,662
E 42nd St & Park Avenue $ 59
9,700
$ 47,691
Fifth Ave & East 42nd Street $ 58
7,400
$ 35,766
E 44th St & Third Avenue $ 58
8,400
$ 40,950
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
Address $ / SF SF Monthly Rent
Madison Ave & East 41st Avenue $ 57
5,700
$ 27,075
Madison Ave & East 40th Street $ 76
3,600
$ 22,800
Vanderbilt Ave & East 44th Street $ 51
4,000
$ 17,000
Second Ave & East 43rd Street $ 57
4,800
$ 22,800
Madison Ave & East 39th Street $ 51
2,700
$ 11,475
Lexington Ave & East 41st Street $ 61
3,700
$ 18,808
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Fifth Ave & East 42nd Street $ 61
3,800
$ 19,316
Madison Ave & East 40th Street $ 45
3,500
$ 13,125
E 44th St & Third Avenue $ 48
4,500
$ 18,000
Madison Ave & East 40th Street $ 55
2,500
$ 11,458
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 65
1,700
$ 9,208
Second Ave & East 43rd Street $ 57
2,300
$ 10,925
Madison Ave & East 39th Street $ 50
1,900
$ 7,916
Fifth Ave & East 42nd Street $ 60
1,600
$ 8,000
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
E 42nd St & Madison Avenue $ 70
2,100
$ 12,162
E 42nd St & Lexington Avenue $ 59
2,200
$ 10,816
E 44th St & Fifth Avenue $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 40
7,900
$ 26,333
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,783
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
3,000
$ 12,375
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 42,250
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 48
1,600
$ 6,466

Retail Spaces for Rent at 16 E 40th St

Rent Retail 16 E 40th St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Rent Medical Space at 16 E 40th St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
Please notify me when a new space is available
Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 16 East 40th Street. This trend is projected to continue. Opportunities for subleases remain available at 16 East 40th Street and in the nearby Grand Central neighborhood.
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16 East 40th Street nyc
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16 East 40th Street Property Overview

Building Address: 16 E 40th St, New York NY 10016
Building Alternate Address: 16 E 40th St
Zip Code:10016
Neighborhood:Grand Central
Borough:Manhattan
Stories:12
Year Built:1911
Building Class:B
Block & lot:00869-0064

History of 16 East 40th Street, Manhattan, NYC

Located in Midtown Manhattan's Murray Hill neighborhood, 16 East 40th Street is a historic commercial office building that was completed in 1911. The building stands 12 stories tall and encompasses approximately 89,423 square feet of space.

This property, classified as an Office with Commercial (7-19 stories) building, features a single structure on a lot measuring about 7,400 square feet. The lot has a frontage of 51 feet and a depth of 198 feet, consistent with its substantial scale and presence in the Midtown South area.

Over the years, 16 East 40th Street has maintained its role as a prominent office building in Manhattan, reflecting early 20th-century commercial architectural development in New York City. It lies within Community District 105 and is part of City Council District 4.

The building continues to be assessed for both its market and tax values, indicating its ongoing significance in the local real estate landscape. Notably, it has been valued in recent years at over $15 million according to tax assessor records.

16 East 40th Street, Manhattan, New York, NY 10016

16 East 40th Street is a commercial office building located in the Murray Hill neighborhood of Manhattan, New York City. The building was constructed in 1911 and has 12 stories with a total building size of approximately 89,423 square feet.

This Class B office property features a building height of 12 stories, typical floor sizes around 8,615 square feet, and sits on a lot measuring 0.17 acres (7,400 square feet). It is zoned C5-2.5, which is a central commercial district designed for offices and retail establishments.

The building offers close proximity to major Midtown transit hubs including Grand Central Terminal and Bryant Park, with easy access to several subway lines, making it highly accessible.

Key facts:

  • Address: 16 East 40th Street, New York, NY 10016
  • Neighborhood: Murray Hill, Manhattan
  • Year Built: 1911
  • Building Class: Office with Commercial, 7-19 Stories (O6)
  • Stories: 12
  • Building Size: 89,423 sq ft
  • Lot Size: 7,400 sq ft
  • Zoning: C5-2.5 Central commercial district
  • Typical Floor Size: Approx. 8,615 sq ft

Nearby points of interest include Grand Central Terminal, Bryant Park, and Fifth Avenue, all within a short walking distance.


Building Amenities at 16 E 40th St, Manhattan, NYC

  • Security System
  • Additional Elevator with potential exclusive access to 12th floor and penthouse
  • Brand new lobby and elevators
  • Minimal columns and high ceilings
  • Private rooftop access

16 E 40th St is a 12-story office building located in Midtown Manhattan, New York, NY 10016. The building offers a total space of 89,392 SF and features a B-class office setup. It was originally built in 1911 and renovated in 2005. As of recent reports, the building had a low occupancy rate, with only about three tenants remaining.


Internet Providers at 16 E 40th St, Manhattan, NYC

This building has fiber internet service availability from multiple providers offering high-speed connections suitable for business and residential needs.

  • Verizon New York: Fiber technology, with maximum download speeds up to 1 Gbps and upload speeds up to 25 Mbps.
  • Level 3 Communications: Fiber technology, providing symmetrical speeds up to 10 Gbps for both download and upload.
  • Cablevision/Lightpath: Fiber technology, offering up to 10 Gbps symmetrical speeds.
  • Cogent Communications: Fiber technology, also providing 10 Gbps download and upload speeds.

Transportation and Cross Streets

Address: 16 E 40th St, New York, NY 10016

Public Transit

  • Buses: BXM4, M101, M42, M55, Q32, BM5
  • Subways: 4, 5, 6, 7, B, M lines
  • Commuters Rail: Harlem, Hudson, Babylon Branch (Grand Central Terminal proximity)
  • Nearest Stops: Madison Av/E 40 St (1-2 min walk), Grand Central Terminal (3-4 min walk)

Cross Streets

  • Primary: Madison Avenue (east) and 5th Avenue (west)
  • Adjacent: E 39th St (south) and E 41st St (north)

Innisfree Mergers and Acquisitions Testimonial

Innisfree Mergers and Acquisitions testimonial Dear Steve, We are pleased to serve as a reference for you and Optimal Spaces Inc. You and your team did a great job for us in finding a sublease at 67 Wall Street. You were fast and efficient 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. We look forward to working with you again. Very truly yours, Arthur B. Crozier Co-Chairman
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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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?
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.

Office Buildings by Class in Grand Central

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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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