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Rent/Lease Office 16 E 40th St
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| $ 42 | ||
| $ 42 |
Nearby Sublease office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 44th Street | $ 65 | 13,500 |
$ 73,125 |
| E 42nd St & Lexington Avenue | $ 40 | 55,700 |
$ 185,666 |
| 5th Ave & East 44th Street | $ 70.5 | 9,600 |
$ 56,400 |
| Park Ave & East 45th Street | $ 98 | 9,700 |
$ 79,216 |
| Third Ave & East 39th Street | $ 35 | 49,100 |
$ 143,208 |
| Lexington Ave & East 43rd Street | $ 55 | 12,900 |
$ 59,125 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Park Ave & East 40th Street | $ 66 | 4,300 |
$ 23,650 |
| Lexington Ave & East 41st Street | $ 63 | 3,800 |
$ 19,950 |
| 5th Ave & East 44th Street | $ 71 | 7,000 |
$ 41,416 |
| E 42nd St & Lexington Avenue | $ 49 | 4,800 |
$ 19,600 |
| Park Ave & East 39th Street | $ 99 | 4,200 |
$ 34,650 |
| Fifth Ave & East 44th Street | $ 50 | 3,300 |
$ 13,750 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 45th Street | $ 50 | 2,100 |
$ 8,750 |
| Park Ave & East 40th Street | $ 67.5 | 2,000 |
$ 11,250 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Lexington Ave & East 41st Street | $ 24.75 | 7,300 |
$ 15,056 |
| Fifth Ave & East 45th Street | $ 40 | 10,300 |
$ 34,333 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 40th Street | $ 58.75 | 4,200 |
$ 20,562 |
| Fifth Ave & East 45th Street | $ 54 | 3,400 |
$ 15,300 |
| Lexington Ave & East 41st Street | $ 27.25 | 5,600 |
$ 12,716 |
| E 42nd St & Park Avenue | $ 42 | 5,100 |
$ 17,850 |
| E 42nd St & Lexington Avenue | $ 52 | 4,800 |
$ 20,800 |
| Fifth Ave & East 44th Street | $ 51.5 | 3,300 |
$ 14,162 |
| E 41st St & Fifth Avenue | $ 47 | 2,700 |
$ 10,575 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 45th Street | $ 51.5 | 2,100 |
$ 9,012 |
| Lexington Ave & East 40th Street | $ 41 | 2,100 |
$ 7,175 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | 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 / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Fifth Avenue | $ 70 | 8,100 |
$ 47,250 |
| Park Ave & East 41st Street | $ 175 | 12,200 |
$ 177,916 |
| Third Ave & East 46th Street | $ 81 | 12,100 |
$ 81,675 |
| Fifth Ave & East 40th Street | $ 85 | 11,200 |
$ 79,333 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Fifth Avenue | $ 70 | 6,400 |
$ 37,333 |
| Third Ave & East 46th Street | $ 62 | 4,100 |
$ 21,183 |
| Vanderbilt Ave & East 44th Street | $ 49 | 5,300 |
$ 21,641 |
| Third Ave & East 40th Street | $ 63 | 3,600 |
$ 18,900 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Lexington Ave & East 41st Street | $ 57 | 1,500 |
$ 7,125 |
| E 44th St & Lexington Avenue | $ 82 | 2,300 |
$ 15,716 |
| 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 / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 40th Street | $ 65.5 | 14,600 |
$ 79,691 |
| Vanderbilt Ave & East 44th Street | $ 79 | 8,100 |
$ 53,325 |
| 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 |
$ 40,600 |
| Fifth Ave & East 45th Street | $ 68 | 7,900 |
$ 44,766 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 41st Street | $ 56 | 5,700 |
$ 26,600 |
| Madison Ave & East 40th Street | $ 75 | 3,600 |
$ 22,500 |
| Vanderbilt Ave & East 44th Street | $ 50 | 4,000 |
$ 16,666 |
| Second Ave & East 43rd Street | $ 56 | 4,800 |
$ 22,400 |
| Madison Ave & East 39th Street | $ 50 | 2,700 |
$ 11,250 |
| Lexington Ave & East 41st Street | $ 60 | 3,700 |
$ 18,500 |
| E 42nd St & Park Avenue | $ 66 | 6,700 |
$ 36,850 |
| Fifth Ave & East 42nd Street | $ 60 | 3,800 |
$ 19,000 |
| 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 / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 40th Street | $ 67 | 1,700 |
$ 9,491 |
| Second Ave & East 43rd Street | $ 59 | 2,300 |
$ 11,308 |
| Madison Ave & East 39th Street | $ 52 | 1,900 |
$ 8,233 |
| Fifth Ave & East 42nd Street | $ 60 | 1,600 |
$ 8,000 |
| Madison Ave & East 40th Street | $ 60 | 2,400 |
$ 12,000 |
| Madison Ave & East 41st Street | $ 55 | 2,000 |
$ 9,166 |
| E 42nd St & Madison Avenue | $ 69 | 2,100 |
$ 12,075 |
| E 42nd St & Lexington Avenue | $ 61 | 2,200 |
$ 11,183 |
| E 44th St & Fifth Avenue | $ 55 | 2,200 |
$ 10,083 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 39th Street | $ 52 | 7,300 |
$ 31,633 |
| E 39th St & Fifth Avenue | $ 39.5 | 7,900 |
$ 26,004 |
| Fifth Ave & Between East 42nd Street | $ 84 | 9,200 |
$ 64,400 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Lexington Avenue | $ 48.5 | 3,000 |
$ 12,125 |
| Fifth Ave & Between East 42nd Street | $ 83.5 | 6,000 |
$ 41,750 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Lexington Avenue | $ 50.5 | 1,600 |
$ 6,733 |
Retail Spaces for Rent at 16 E 40th St
Rent Retail 16 E 40th St
Rent Medical Space at 16 E 40th St
Office Tenants Rented / Leased 16 East 40th Street
- The Dinex Group leased 16,332 SF
- ddc leased 7,500 SF
- Enjoy Physical Therapy R… leased 0 SF
- Myinnervision leased 700 SF
- Berkley Center leased 4,500 SF
- World Rehabilitation Fund… leased 2,000 SF
- Valley Spring Recovery S… leased 2,000 SF
- Quintessential Wines leased 2,500 SF
- Havening NYC leased 700 SF
- Center For Optimal Perfor… leased 2,100 SF
Nearby Office Tenants Leased
- Convene leased 116,000 SF at 530 Fifth Avenue
- McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
- TBWA Worldwide leased 107,308 SF at 488 Madison Ave
- KPMG LLP leased 102,979 SF at 560 Lexington Ave
- Crain Communications leased 100,000 SF at 711 Third Ave
- Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
- W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
- Berkely College leased 94,669 SF at 12 East 41st St
- Geller & Co. leased 94,000 SF at 909 Third Ave
- International Rescue Com… leased 88,384 SF at 122 East 42nd St
- FILA leased 4,087 SF at 340 Madison Ave
- RFR Realty leased 4,066 SF at 275 Madison Avenue
- Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
- CTSH LLC Deli leased 3,800 SF at 633 Third Ave
- Panache Lingerie leased 3,800 SF at 286 Madison Avenue
- Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
- 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
- Staples leased 3,556 SF at 261 Madison Ave
- Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
- Ricky's leased 3,500 SF at 550 Fifth Ave
| $ / 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.
Find My Space!
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Why Optimal Spaces Tenant Broker
- Lease negotiation: full terms, renewals, expansion options
- Cost analysis, inventory identification, negotiating scope
- Risk mitigation against hidden pitfalls
Cost Savings
- Negotiate 30+ leasing points to prevent hidden costs
- Save 10–15% on total leasing costs
- Save 100–200 hours filtering unviable spaces
- Property access via broker databases and networks (off-market, subleases, future availability)
Alone or With Other Brokers
- Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
- Inherent conflict of interest as most brokers represent landlords
- Risk of weaker terms and overlooked hidden costs
- Heavy workload falls on you while best spaces are missed
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)
Office Tenants Rented / Leased 16 East 40th Street
- The Dinex Group leased 16,332 SF
- ddc leased 7,500 SF
- Enjoy Physical Therapy R… leased 0 SF
- Myinnervision leased 700 SF
- Berkley Center leased 4,500 SF
- World Rehabilitation Fund… leased 2,000 SF
- Valley Spring Recovery S… leased 2,000 SF
- Quintessential Wines leased 2,500 SF
- Havening NYC leased 700 SF
- Center For Optimal Perfor… leased 2,100 SF
Nearby Office Tenants Leased
- Convene leased 116,000 SF at 530 Fifth Avenue
- McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
- TBWA Worldwide leased 107,308 SF at 488 Madison Ave
- KPMG LLP leased 102,979 SF at 560 Lexington Ave
- Crain Communications leased 100,000 SF at 711 Third Ave
- Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
- W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
- Berkely College leased 94,669 SF at 12 East 41st St
- Geller & Co. leased 94,000 SF at 909 Third Ave
- International Rescue Com… leased 88,384 SF at 122 East 42nd St
- FILA leased 4,087 SF at 340 Madison Ave
- RFR Realty leased 4,066 SF at 275 Madison Avenue
- Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
- CTSH LLC Deli leased 3,800 SF at 633 Third Ave
- Panache Lingerie leased 3,800 SF at 286 Madison Avenue
- Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
- 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
- Staples leased 3,556 SF at 261 Madison Ave
- Tenant Popular Community Bank leased 3,553 SF at 285 Madison Avenue
- Ricky's leased 3,500 SF at 550 Fifth Ave
ConnectivCorp Testimonial
To whom it may concern:
I am writing to recommend Stephen Sunderland and Optimal Spaces Inc. for the excellent job they did in finding us a sublease at 29 West 57th Street. They 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.
I look forward to working with the team at Optimal Spaces Inc. again.
Very truly yours,
Robert Miller
Co-Chairman
Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 10-15% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
Optimal Spaces negotiates tenant deals, typically securing 10-15% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
Find My Space!