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Rent Office 242-244 West 38th Street

$ / SF / Yr SF Monthly Rent
$ 39
$ / 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 242-244 W 38th St

Rent Retail 242-244 W 38th St

Rent Medical Space at 242-244 W 38th St

Nearby Office Tenants Leased
  • Cach leased 43,050 SF at 256 West 38th St
  • BBDO leased 41,000 SF at 1375 Broadway
  • Oce Business Services leased 41,000 SF at 460 West 34th St
  • Mason Tender's District Council Welfare Fund leased 40,000 SF at 520 Eighth Avenue
  • Mueser Rutledge Consulting leased 37,000 SF at 14 Penn Plaza
  • Gina Group leased 36,102 SF at 10 West 33rd Street
  • The Oved Group leased 35,800 SF at 31 West 34th St
  • Knotel leased 35,286 SF at 22 West 38th Street
  • Cicatelli Associates leased 33,446 SF at 505 Eighth Ave
  • Primary leased 31,083 SF at 251 West 30th Street
Nearby Retail Tenants Leased
  • Designer Concepts Distribution leased 4,000 SF at 141 West 36th St
  • GameStop leased 4,000 SF at 50 West 34th St
  • Amici 36 leased 4,000 SF at 519 Eighth Ave
  • Apparel Trading International leased 4,000 SF at 149 West 36th St
  • J.C. Nova leased 3,600 SF at 42 West 38th St
  • Consulate General of Honduras leased 3,500 SF at 255 West 36th St
  • Wasabi leased 3,400 SF at 561 Seventh Ave
  • PYA Importer leased 3,195 SF at 35 West 36th Street
  • Scott Galin and Darell Handler, Handler Real Estate leased 3,100 SF at 8 West 38th Street
  • Neutral Ground leased 3,000 SF at 15 West 37th St
$ / SF SF Monthly Rent
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Tenant Broker’s Perspective:

Positioned strategically within Manhattan’s dynamic Garment District, 242-244 West 38th Street offers a compelling value proposition for tenants and investors prioritizing transit accessibility and creative loft aesthetics. As brokers, we view this property as a high-performance asset due to its proximity to Penn Station and the Port Authority, providing unparalleled connectivity for a commuting workforce. For firms seeking a footprint in Midtown South, this building delivers the essential combination of high ceilings, abundant natural light, and versatile floor plates that cater to the evolving demands of tech, fashion, and professional services sectors.

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242-244 West 38th 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

242-244 West 38th Street Property Overview

Building Address: 242-244 W 38th St, New York NY 10018
Building Alternate Address: 242-244 W 38th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:0
Year Built:1923
Building Class:C
Block & lot:00787-0065

242-244 W 38th Street is located in the heart of Manhattan's Garment District. The building was completed in 1923 and is classified as an office with commercial use, featuring 7 to 19 stories. It has a total building area of approximately 47,661 square feet and sits on a lot of about 3,442 square feet. The structure was last altered in 1963, showcasing its rich history amidst the bustling district.

Address: 242-244 W 38th St, Manhattan, NYC

Neighborhood: Garment District

Zip Code: 10018

Borough: Manhattan

Building Information:

  • Year Built: 1923
  • Building Height: 14-15 Stories
  • Building Size: 47,661 SF
  • Lot Size: 0.08 Acre

Location Highlights: Close proximity to major subway lines and public transport. Situated near restaurants, bars, and activities in the area.


Building Amenities for 242-244 W 38th St, Manhattan, NYC:
  • 24/7 Access
  • Ronvated Lobby
  • Tenant Controlled Heat
  • Central Heating
  • Air Conditioning

242-244 W 38th St, Manhattan, NYC, is a 14-story office building located in the Garment District. The building, constructed in 1923 and last altered in 1963, offers office spaces for lease with amenities such as 24/7 access, renovated lobby, tenant-controlled heat, central heating, and air conditioning.

  • Location: Situated between Seventh and Eighth Avenues, with proximity to major subway lines and bus routes.
  • Building Details: Building class C; floor size approximately 3,442 sqft; total building size of 47,661 sqft.

Internet providers available at 242-244 W 38th St, Manhattan, NYC typically include:

Verizon Fios offers high speeds starting at 300 Mbps up to 2 Gbps with plans starting at $49.99.

Astound Broadband Powered by RCN offers both cable and fiber services with plans starting at $35.

Spectrum provides cable internet with speeds up to 1 Gbps starting at $50.

Starry Internet offers fixed wireless internet starting at $40 per month with no contracts.


Location: 242-244 W 38th St, Manhattan, NYC 10018

Neighborhood: Garment District

Cross Streets: Between Seventh and Eighth Avenues

Transportation:

  • Subways: Close to 7th Ave & 40th St (lines A-C-E-N-Q-R-S-1-2-3-7)
  • Bus: M7 route at 7 Av/W 39 St
  • Commuter Rail: Accessible nearby

Nearby Office Tenants Leased
  • Cach leased 43,050 SF at 256 West 38th St
  • BBDO leased 41,000 SF at 1375 Broadway
  • Oce Business Services leased 41,000 SF at 460 West 34th St
  • Mason Tender's District Council Welfare Fund leased 40,000 SF at 520 Eighth Avenue
  • Mueser Rutledge Consulting leased 37,000 SF at 14 Penn Plaza
  • Gina Group leased 36,102 SF at 10 West 33rd Street
  • The Oved Group leased 35,800 SF at 31 West 34th St
  • Knotel leased 35,286 SF at 22 West 38th Street
  • Cicatelli Associates leased 33,446 SF at 505 Eighth Ave
  • Primary leased 31,083 SF at 251 West 30th Street
Nearby Retail Tenants Leased
  • Designer Concepts Distribution leased 4,000 SF at 141 West 36th St
  • GameStop leased 4,000 SF at 50 West 34th St
  • Amici 36 leased 4,000 SF at 519 Eighth Ave
  • Apparel Trading International leased 4,000 SF at 149 West 36th St
  • J.C. Nova leased 3,600 SF at 42 West 38th St
  • Consulate General of Honduras leased 3,500 SF at 255 West 36th St
  • Wasabi leased 3,400 SF at 561 Seventh Ave
  • PYA Importer leased 3,195 SF at 35 West 36th Street
  • Scott Galin and Darell Handler, Handler Real Estate leased 3,100 SF at 8 West 38th Street
  • Neutral Ground leased 3,000 SF at 15 West 37th St

Isolar Enterprises, Inc. Testimonial

To Whom It May Concern: We were very fortunate to have Stephen Sunderland as our agent when we began to look for a new office space. Steve totally understood what we were looking for and found us our new home really quickly! He did not waste our time showing us endless properties that didn't meet with our criteria. We are extremely happy here in our new office and we all found Steve to be a pleasure to deal with. I would highly recommend him to anyone who is looking for a new space in New York City. Sincerely, Eileen d' Arcy

Office Buildings in Penn Plaza/Garment

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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.
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