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Rent/Lease Office 16 E 40th St

$ / 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 $ 39
55,700
$ 181,025
5th Ave & East 44th Street $ 69
9,600
$ 55,200
Park Ave & East 45th Street $ 100
9,700
$ 80,429
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 54
12,900
$ 58,050
Address $ / SF SF Monthly Rent
5th Ave & East 44th Street $ 69
7,000
$ 40,250
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 SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 25
7,300
$ 15,056
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 59
4,200
$ 20,562
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 $ 47
2,700
$ 10,575
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
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1394 $ 775
Interior office/person $ 1350 $ 894 $ 525
Team Rooms $ 10100 $ 8144 $ 5025
Suites $ 20100 $ 12144 $ 7025

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 $ 80
12,100
$ 81,170
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Address $ / SF 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 39th Street $ 70
4,700
$ 27,416
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 $ 65
14,600
$ 79,083
Vanderbilt Ave & East 44th Street $ 80
8,100
$ 54,337
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 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 $ 56
4,800
$ 22,400
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 $ 60
3,800
$ 19,000
E 44th St & Third Avenue $ 48
4,500
$ 18,000
Madison Ave & East 40th Street $ 76
3,900
$ 24,537
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
E 45th St & Fifth Avenue $ 55
3,800
$ 17,416
Madison Ave & East 40th Street $ 56
6,900
$ 32,200
Address $ / SF 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 41st Avenue $ 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
Lexington Ave & East 44th Street $ 55
1,500
$ 6,875
Address $ / SF SF Monthly Rent
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 39
7,900
$ 25,675
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,016
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 $ 50
1,600
$ 6,733

Retail Spaces for Rent at 16 E 40th St

Rent Medical Space at 16 E 40th St

Office Tenants Rented / Leased 16 East 40th Street
  • NinthDecimal leased 5,500 SF
  • Funphysio Physical Therapy leased 1,500 SF
  • Funphysio Physical Therapy leased 1,500 SF
  • Center for Optimal Performance leased 2,750 SF
  • The Dennelisse Corp. leased 7,500 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
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison 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
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
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
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
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)
Office Tenants Rented / Leased 16 East 40th Street
  • NinthDecimal leased 5,500 SF
  • Funphysio Physical Therapy leased 1,500 SF
  • Funphysio Physical Therapy leased 1,500 SF
  • Center for Optimal Performance leased 2,750 SF
  • The Dennelisse Corp. leased 7,500 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

Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison 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
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St

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
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl
Office Tenants Rented / Leased 16 East 40th Street
  • NinthDecimal leased 5,500 SF
  • Funphysio Physical Therapy leased 1,500 SF
  • Funphysio Physical Therapy leased 1,500 SF
  • Center for Optimal Performance leased 2,750 SF
  • The Dennelisse Corp. leased 7,500 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
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison 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
  • RDA International leased 14,000 SF at 100 Vandam St
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
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
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
  • Simit and Smith leased 400 SF at 11 Waverly Pl

Nuverse Advisor LLC Testimonial

Nuverse Advisor LLC testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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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?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
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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