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Rent/Lease Office 218-232 W 40th St

$ / SF / Yr SF Monthly Rent
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Broadway & West 36th Street $ 48
11,700
$ 46,800
Penn Plaza & West 33rd Street $ 41.5
29,000
$ 100,291
Bryant Park & Sixth Avenue $ 60
14,000
$ 70,000
Address $ / SF / Yr SF Monthly Rent
Broadway & West 36th Street $ 55.5
3,200
$ 14,800
Broadway & West 41st Street $ 56.5
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 71
4,300
$ 25,441
Address $ / SF / Yr SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF / Yr SF Monthly Rent
W 37th St & Sixth Avenue $ 33.5
11,400
$ 31,825
W 37th St & Avenue of the Americas $ 34.5
10,200
$ 29,325
Broadway & West 37th Street $ 42
11,100
$ 38,850
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
W 40th St & Seventh Avenue $ 38
15,100
$ 47,816
Eighth Ave & West 34th Street $ 54
8,900
$ 40,050
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 48.5
4,200
$ 16,975
W 37th St & Sixth Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 41.5
2,600
$ 8,991
Broadway & West 37th Street $ 41
6,100
$ 20,841
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 47
2,100
$ 8,225
Tenth Ave & West 37th Street $ 46.5
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 Eighth Avenue $ 38
2,400
$ 7,600
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 33
7,500
$ 20,625
W 30th St & Fifth Avenue $ 30
7,100
$ 17,750
W 36th St & Eighth Avenue $ 33
7,800
$ 21,450
Address $ / SF / Yr SF Monthly Rent
Penn Plaza & West 30th Street $ 48
2,500
$ 10,000
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 35th St & Seventh Avenue $ 35.5
5,300
$ 15,679
W 36th St & Eighth Avenue $ 50.5
3,700
$ 15,570
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 36th St & Avenue of the Americas $ 45
3,400
$ 12,750
W 30th St & Fifth Avenue $ 33
5,000
$ 13,750
Broadway & West 32nd Street $ 46.28
3,500
$ 13,498
Address $ / SF / Yr SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,000
$ 7,833
W 36th St & Eighth Avenue $ 49
2,400
$ 9,800
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
Broadway & West 41st Street $ 70.5
13,200
$ 77,550
Fifth Ave & West 38th Street $ 56.5
17,600
$ 82,866
Broadway & West 39th Street $ 59
10,900
$ 53,591
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
W 40th St & Avenue of the Americas $ 74.5
8,500
$ 52,770
Address $ / SF / Yr SF Monthly Rent
Broadway & West 37th Street $ 67.5
5,500
$ 30,937
W 38th St & Avenue of the Americas $ 56
3,500
$ 16,333
Broadway & West 41st Street $ 65.5
6,800
$ 37,116
Broadway & West 36th Street $ 65.5
4,600
$ 25,108
2 & West 31st Street $ 140.5
5,300
$ 62,054
Fifth Ave & West 38th Street $ 61
3,800
$ 19,316
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
Address $ / SF / Yr SF Monthly Rent
Broadway & West 37th Street $ 67.5
2,300
$ 12,937
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Address $ / SF / Yr SF Monthly Rent
Eighth Ave & West 36th Street $ 40.5
7,500
$ 25,312
W 39th St & Eighth Avenue $ 40
7,700
$ 25,666
W 33rd St & Fifth Avenue $ 40.5
7,100
$ 23,962
Eighth Ave & West 35th Street $ 39
7,100
$ 23,075
Eighth Ave & W 35th Street $ 40
8,000
$ 26,666
W 37th St & Avenue of the Americas $ 46.5
8,600
$ 33,325
Tenth Ave & West 37th Street $ 49.5
7,900
$ 32,587
W 36th St & Sixth Avenue $ 46.5
9,600
$ 37,200
Broadway & West 38th Street $ 54
9,500
$ 42,750
Seventh Ave & West 37th Street $ 56
10,300
$ 48,066
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
W 35th St & Avenue of the Americas $ 29
4,400
$ 10,633
Eighth Ave & West 36th Street $ 36
4,700
$ 14,100
Address $ / SF / Yr 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 & Fifth Avenue $ 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 $ 47.5
1,900
$ 7,520
Broadway & West 38th Street $ 52
1,900
$ 8,233
7th Ave & Between Seventh 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 / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 40.5
8,800
$ 29,700
W 39th St & Eighth Avenue $ 36
9,200
$ 27,600
Eighth Ave & West 36th Street $ 42
16,000
$ 56,000
W 35th St & Seventh Avenue $ 35
7,600
$ 22,166
Eighth Ave & West 39th Street $ 41
11,400
$ 38,950
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 40
3,900
$ 13,000
W 35th St & Eighth Avenue $ 33.5
3,300
$ 9,212
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Fifth Avenue $ 39
2,700
$ 8,775
Eighth Ave & West 36th Street $ 40.5
5,800
$ 19,575
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 35.5
2,300
$ 6,804
W 38th St & Eighth Avenue $ 36.46
2,100
$ 6,380
W 39th St & Eighth Avenue $ 39.5
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 32nd St & Broadway $ 43
2,100
$ 7,525

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

Rent Retail 218-232 W 40th St

Rent Medical Space at 218-232 W 40th St

Nearby Office Tenants Leased
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Indeed leased 125,000 SF at 1120 Avenue of the Americas
  • Scripps Networks LLC leased 120,721 SF at 1180 Sixth Ave
  • Advance Publications leased 120,000 SF at 1166 Sixth Ave
  • Gensler leased 119,414 SF at 1700 Broadway
  • OnDeck Capital, Inc. leased 117,248 SF at 1400 Broadway
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • Bank of America leased 115,000 SF at 1133 Avenue of the Americas
  • Dow Jones & Co. leased 115,000 SF at 1155 Sixth Ave
  • Publicis Groupe leased 114,000 SF at One Penn Plaza
Nearby Retail Tenants Leased
  • Music Makers leased 7,000 SF at 260 West 36th Street
  • Beads World leased 7,000 SF at 57 West 38th St
  • The National Hockey League leased 6,712 SF at 1185 Sixth Ave
  • Wells Fargo leased 6,710 SF at 1407 Broadway
  • Staples Copy & Print leased 6,600 SF at 330 Seventh Ave
  • Spot Experience leased 6,500 SF at 600 West 42nd St
  • BenMoha Restaurant Group leased 6,400 SF at 1601 Broadway
  • Armonk Farm Inc. leased 6,400 SF at 2 West 45th St
  • Caf? Nunez leased 6,177 SF at 240 West 35th Street
  • Sur La Table leased 6,174 SF at 300 West 57th St
$ / 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 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 nyc
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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

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
Nearby Office Tenants Leased
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Indeed leased 125,000 SF at 1120 Avenue of the Americas
  • Scripps Networks LLC leased 120,721 SF at 1180 Sixth Ave
  • Advance Publications leased 120,000 SF at 1166 Sixth Ave
  • Gensler leased 119,414 SF at 1700 Broadway
  • OnDeck Capital, Inc. leased 117,248 SF at 1400 Broadway
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • Bank of America leased 115,000 SF at 1133 Avenue of the Americas
  • Dow Jones & Co. leased 115,000 SF at 1155 Sixth Ave
  • Publicis Groupe leased 114,000 SF at One Penn Plaza
Nearby Retail Tenants Leased
  • Music Makers leased 7,000 SF at 260 West 36th Street
  • Beads World leased 7,000 SF at 57 West 38th St
  • The National Hockey League leased 6,712 SF at 1185 Sixth Ave
  • Wells Fargo leased 6,710 SF at 1407 Broadway
  • Staples Copy & Print leased 6,600 SF at 330 Seventh Ave
  • Spot Experience leased 6,500 SF at 600 West 42nd St
  • BenMoha Restaurant Group leased 6,400 SF at 1601 Broadway
  • Armonk Farm Inc. leased 6,400 SF at 2 West 45th St
  • Caf? Nunez leased 6,177 SF at 240 West 35th Street
  • Sur La Table leased 6,174 SF at 300 West 57th St

Recent News About 218-232 West 40th Street

Brightwater Fund LLC Testimonial

Brightwater Fund LLC testimonial Dear Mr. Sunderland: Thank you for the outstanding service you gave to us as we searched for office space. Through your efforts, you found us a location and facility that is virtually an exact fit for our needs. You helped us with the lease negotiations and were able to procure the space at a very attractive price. In short, you got us a great deal! You went above and beyond the call of duty in working with us until we moved in. You were always accessible and prepared to help us in every way. We would highly recommend you to our other friends and colleagues in their search for best available/best fitting space for their needs. Very truly yours, Donald Krueger Chief Financial Officer.

Office Buildings in Penn Plaza/Garment

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