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Rent/Lease Office 218-232 W 40th St

$ / SF SF Monthly Rent
Negotiable
13,900
Negotiable
$ / SF SF Monthly Rent
Negotiable
13,800
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 50
11,700
$ 48,262
Penn Plaza & West 33rd Street $ 41
29,000
$ 99,083
Bryant Park & 6th Avenue $ 62
14,000
$ 72,333
Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 54
3,200
$ 14,533
Broadway & West 41st Street $ 56
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 70
4,300
$ 25,083
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
W 37th St & 6th Avenue $ 32
11,400
$ 30,875
W 37th St & Avenue of America $ 36
10,200
$ 31,025
Broadway & West 37th Street $ 42
11,100
$ 38,850
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
W 40th St & Between West 39th Street $ 38
15,100
$ 47,816
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 48
4,200
$ 16,975
W 37th St & 6th Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 40
2,600
$ 8,775
Broadway & West 37th Street $ 40
6,100
$ 20,079
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 48
2,100
$ 8,312
Tenth Ave & West 37th Street $ 46
2,200
$ 8,525
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
W 36th St & Between 8th Avenue $ 38
2,400
$ 7,600
Address $ / SF SF Monthly Rent
W 35th St & Between West 35th Street $ 33
7,500
$ 20,625
W 37th St & Seventh Avenue $ 30
7,300
$ 18,250
W 30th St & Between West 30th Street $ 30
7,100
$ 17,750
W 36th St & Eight Avenue $ 33
7,800
$ 21,450
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,500
$ 9,791
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 35th St & Between West 35th Street $ 34
5,300
$ 15,237
W 37th St & Seventh Avenue $ 30
6,800
$ 17,000
W 36th St & Eighth Avenue $ 50
3,700
$ 15,570
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 37th St & Eight Avenue $ 40
3,400
$ 11,333
W 36th St & Avenue of the Americas $ 45
3,400
$ 12,750
W 30th St & Between West 30th Street $ 32
5,000
$ 13,333
Broadway & West 32nd Street $ 46
3,500
$ 13,498
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,000
$ 7,833
W 36th St & Eighth Avenue $ 50
2,400
$ 9,900
W 37th St & Eight Avenue $ 46
1,800
$ 6,825
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 SF Monthly Rent
Broadway & West 41st Street $ 70
13,200
$ 77,000
Fifth Ave & West 38th Street $ 56
17,600
$ 82,133
Broadway & West 39th Street $ 59
10,900
$ 53,591
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
W 40th St & Avenue of Americas $ 74
8,500
$ 52,062
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 68
5,500
$ 30,937
W 38th St & Avenue of the Americas $ 58
3,500
$ 16,770
Broadway & West 41st Street $ 67
6,800
$ 37,966
Broadway & West 36th Street $ 67
4,600
$ 25,683
2 & West 31st Street $ 142
5,300
$ 62,716
Fifth Ave & West 38th Street $ 62
3,800
$ 19,791
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 68
2,300
$ 12,937
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Address $ / SF SF Monthly Rent
Eighth Ave & West 36th Street $ 40
7,500
$ 25,000
W 39th St & Eighth Avenue $ 40
7,700
$ 25,345
W 33rd St & Fifth Avenue $ 40
7,100
$ 23,666
Eighth Ave & West 35th Street $ 39
7,100
$ 23,075
Eighth Ave & W 35th Street $ 40
8,000
$ 26,333
W 37th St & Avenue of America $ 46
8,600
$ 32,966
Tenth Ave & West 37th Street $ 49
7,900
$ 32,258
W 36th St & 6th Avenue $ 46
9,600
$ 36,400
Broadway & West 38th Street $ 54
9,500
$ 42,750
Seventh Ave & West 37th Street $ 56
10,300
$ 47,637
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
W 35th St & Avenue of America $ 29
4,400
$ 10,633
Eighth Ave & West 36th Street $ 38
4,700
$ 14,687
Address $ / SF SF Monthly Rent
Eighth Ave & West 36th Street $ 42
2,200
$ 7,700
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
W 38th St & Between West 37th Street $ 35
2,200
$ 6,416
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
Tenth Ave & West 37th Street $ 44
2,200
$ 8,066
W 40th St & Eighth Avenue $ 48
1,900
$ 7,520
Broadway & West 38th Street $ 52
1,900
$ 8,233
7th Ave & Between 7th Avenue $ 57
1,600
$ 7,600
Avenue of the Americas & West 39th Street $ 61
2,300
$ 11,691
Avenue of the Americas & West 31st Street $ 79
2,400
$ 15,800
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 40
8,800
$ 29,333
W 39th St & Eighth Avenue $ 36
9,200
$ 27,216
Eighth Ave & West 36th Street $ 42
16,000
$ 55,333
W 35th St & Seventh Avenue $ 35
7,600
$ 22,166
W 35th St & Between West 35th Street $ 34
7,300
$ 20,683
Eighth Ave & West 39th Street $ 40
11,400
$ 38,475
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 40
3,900
$ 13,000
W 35th St & Eighth Avenue $ 35
3,300
$ 9,625
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Between West 37th Street $ 40
2,700
$ 9,112
Eighth Ave & West 36th Street $ 42
5,800
$ 20,300
W 32nd St & Ninth Avenue $ 50
2,800
$ 11,783
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 36
2,300
$ 6,804
W 38th St & Eight Avenue $ 36
2,100
$ 6,380
W 39th St & Eighth Avenue $ 40
1,600
$ 5,266
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 32nd St & Ninth Avenue $ 50
1,800
$ 7,500
W 35th St & Between West 35th Street $ 36
2,100
$ 6,387
W 37th St & Ninth Avenue $ 37
1,900
$ 5,920

Retail Spaces for Rent at 218-232 W 40th St

Rent Medical Space at 218-232 W 40th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 218-232 West 40th Street. This trend is projected to continue. Opportunities for subleases remain available at 218-232 West 40th Street and in the nearby Penn Plaza/Garment neighborhood.
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218-232 West 40th Street Property Overview

Building Address: 218-232 W 40th St, New York NY 10018
Building Alternate Address: 218-232 W 40th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:12
Year Built:1923
Building Class:B
Block & lot:00789-0052

History and Description of 218-232 West 40th Street, Manhattan, NYC

218-232 West 40th Street is a distinguished office and commercial building located in the heart of Manhattan's Garment District, Midtown Manhattan. The building was originally completed in 1923 and underwent notable alterations in 1985, contributing to its current form. It is a 12-story structure classified as an Office with Commercial 7-19 Stories (O6) building.

Featuring contemporary architecture with a sleek, striking glass façade, this building stands out in the city skyline. It offers a prestigious Midtown Manhattan address situated between Seventh and Eighth Avenues, placing it in close proximity to major landmarks such as Times Square, the Fashion District, and Bryant Park. This location provides convenient access to key transportation hubs, including Port Authority, Grand Central Terminal, and Penn Station, facilitating excellent connectivity.

The building has earned an Energy Star label, reflecting its commitment to energy efficiency and sustainable operation. This certification is awarded based on the building's superior energy performance, maintained year over year.

With a total floor area of approximately 146,486 square feet, the property combines office and commercial spaces designed to support modern businesses. Tenants benefit from amenities such as high-speed internet, advanced security systems, spacious conference rooms, and state-of-the-art fitness facilities. The building also offers dedicated property management, concierge services, and 24/7 security, ensuring a safe and well-maintained environment.

The location enhances work-life balance due to the surrounding abundance of dining, retail, and entertainment options. The vibrant neighborhood atmosphere and convenient access to transportation make 218-232 West 40th Street a sought-after address for a variety of businesses.

As per recent assessments, the market value of the property is approximately $40,757,000, underscoring its significance and value in Manhattan's commercial real estate market.

218-232 West 40th Street, Manhattan, NYC, is a prominent commercial property located in the heart of the Garment District. This 12-story building was constructed in 1923 and altered in 1985, offering a prestigious address with contemporary architecture and a striking glass façade.

Key Features:

  • Located between Seventh and Eighth Avenues, providing convenient access to major transportation hubs like Port Authority, Grand Central Terminal, and Penn Station.
  • Nearby attractions include Times Square, the Fashion District, and Bryant Park.
  • Total floor area of approximately 146,486 square feet.
  • Market value estimated at approximately $40,757,000.

Amenities:

  • High-speed internet services with providers like Earthlink and Verizon offering speeds up to 2,300 Mbps.
  • Advanced security systems and 24/7 security support.
  • Spacious conference rooms and state-of-the-art fitness facilities.
  • Dedicated property management and concierge services.

This location ideal for work-life balance offers an abundance of dining, retail, and entertainment options nearby, enhancing the experience for tenants.


Building Amenities at 218-232 W 40th St, Manhattan, NYC

Located in the heart of Midtown Manhattan’s Garment District, 218-232 West 40th Street is a 12-story Class B office building completed in 1923 and featuring contemporary architecture with a striking glass façade.

  • High-speed internet connectivity with multiple fiber and cable providers available
  • Advanced security systems ensuring tenant safety
  • 24/7 security and controlled access for around-the-clock safety
  • Spacious, well-equipped conference rooms
  • State-of-the-art fitness facilities for tenant wellness
  • Dedicated property management ensuring smooth operations
  • Concierge services to assist tenant needs
  • Energy Star labeled building, reflecting commitment to energy efficiency

The building benefits from an ideal Midtown location, offering proximity to Times Square, Bryant Park, the Fashion District, and major transit hubs such as Port Authority, Grand Central, and Penn Station, providing excellent connectivity and access to dining, retail, and entertainment options that support an ideal work-life balance.


Office Tenants Rented / Leased at 218-232 W 40th St, Manhattan, NYC

Located in the heart of Midtown Manhattan’s Garment District, the office building at 218-232 West 40th Street is a 12-story commercial property offering approximately 194,180 rentable square feet with Class B office space.

The property is home to a thriving community of businesses benefiting from its prestigious Midtown South location between Seventh and Eighth Avenues, just steps from Times Square and Bryant Park, with convenient access to major transit hubs such as Port Authority, Penn Station, and Grand Central Terminal.

Notable leased suites include:

  • Entire 6th Floor available for direct lease with options for division into approximately 13,900 RSF or two suites of 7,500 RSF and 6,400 RSF

Tenants at 218-232 W 40th St enjoy a full suite of amenities including high-speed internet, advanced security systems, spacious conference rooms, and state-of-the-art fitness facilities. The building also features 24/7 security, dedicated property management, and concierge services, fostering a productive and secure work environment.

The location’s abundance of dining, retail, and entertainment options enhances work-life balance for office occupants.


Internet Providers at 218-232 W 40th St, Manhattan, NYC

The following internet providers offer service within the building at 218-232 West 40th Street, located in Midtown Manhattan:

  • Earthlink - Fiber service with speeds up to 2,300 Mbps.
  • Verizon - Fiber service with speeds up to 2,300 Mbps.
  • Spectrum - Cable service with speeds up to 1,000 Mbps.
  • Astound Broadband - Cable service with speeds up to 1,500 Mbps.
  • T-Mobile Home Internet - Fixed wireless service with speeds up to 100 Mbps.
  • Skywire Networks - Fixed wireless service with speeds up to 1,000 Mbps.
  • Stealth Communications - Business grade Gigabit fiber-optic internet installed throughout the building.

Transportation and Cross Streets for 218-232 W 40th St, Manhattan, NYC

Located in Midtown Manhattan's Garment District, 218-232 West 40th Street sits between Seventh Avenue and Eighth Avenue, directly on West 40th Street.

Cross Streets: Between 7th Avenue and 8th Avenue, diagonally across from The New York Times headquarters.

Subway Access

  • Nearest Subway Stations:
    • 7th Ave & 40th St (Southwest Corner) – Serving lines A, C, E, N, Q, R, S, 1, 2, 3, 7
    • 34 St-Herald Sq (4 min walk from West 40th St) – Lines 1, 2, 3, B, D, F, M
    • Times Square-42 St Station – Multiple lines including 1, 2, 3, 7, N, Q, R, S, W

Bus Routes Nearby

  • Bus stops within a short walk (~1 to 4 minutes):
    • 6 Av/W 40 St
    • W 40th St & 6th Ave
    • 6 Av/W 37 St
    • Avenue Of the Americas/W 41 St
    • 6 Av/W 38 St
    • 6 Av/W 42 St
    • W 42 St/Av Of the Americas
  • Common Bus Lines:
    • M1, M4, M7, M55
    • 108, 160, BXM2, BXM4
    • QM10, QM12, QM24

Train Access

  • Major regional train hubs nearby:
    • Port Authority Bus Terminal
    • Penn Station (serving Amtrak, NJ Transit, Long Island Rail Road)
    • Grand Central Terminal

C2 Media Testimonial

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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?
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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