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Rent/Lease Office 264 W 40th St

$ / SF SF Monthly Rent
$ 48
1,900
$ 7,520
$ 44
4,000
$ 14,833
$ / SF SF Monthly Rent
$ 40
2,600
$ 8,775

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Bryant Park & 6th Avenue $ 62
14,000
$ 72,333
Penn Plaza & West 33rd Street $ 41
29,000
$ 99,083
Broadway & West 36th Street $ 50
11,700
$ 48,262
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 40th St & Between West 39th Street $ 38
15,100
$ 47,816
W 37th St & Avenue of America $ 36
10,200
$ 31,025
W 37th St & 6th Avenue $ 32
11,400
$ 30,875
Broadway & West 37th Street $ 42
11,100
$ 38,850
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
Address $ / SF SF Monthly Rent
6th Ave & Between Broadway $ 47
4,400
$ 17,233
Seventh Ave & West 38th Street $ 45
5,200
$ 19,500
W 37th St & Between 5th Avenue $ 50
3,200
$ 13,333
W 37th St & 6th Avenue $ 35
3,500
$ 10,208
Address $ / SF SF Monthly Rent
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
Seventh Ave & West 38th Street $ 45
2,400
$ 9,000
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Tenth Ave & West 37th Street $ 46
2,200
$ 8,525
W 36th St & Between 8th Avenue $ 38
1,600
$ 5,066
Address $ / SF SF Monthly Rent
W 37th St & Seventh Avenue $ 30
7,300
$ 18,250
W 36th St & Eight Avenue $ 33
7,800
$ 21,450
W 30th St & Between West 30th Street $ 30
7,100
$ 17,750
W 35th St & Between West 35th Street $ 33
7,500
$ 20,625
Address $ / SF SF Monthly Rent
Broadway & West 32nd Street $ 46
3,500
$ 13,498
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 39th St & Avenue of the Americas $ 35
4,200
$ 12,250
W 30th St & Between West 30th Street $ 32
5,000
$ 13,333
Penn Plaza & West 30th Street $ 47
2,500
$ 9,791
W 36th St & Eight Avenue $ 34
6,000
$ 17,250
W 35th St & Between West 35th Street $ 34
5,300
$ 15,237
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 37th St & Seventh Avenue $ 30
6,800
$ 17,000
W 36th St & Eighth Avenue $ 50
3,700
$ 15,570
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 39th Street $ 59
10,900
$ 53,591
Bryant Park & Avenue of America $ 99
7,400
$ 61,050
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
Broadway & West 41st Street $ 70
13,200
$ 77,000
Fifth Ave & West 38th Street $ 56
17,600
$ 82,133
Ninth Ave & Between Dyer Avenue $ 128
9,400
$ 100,266
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,800
$ 12,833
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
W 34th St & Between 7th Avenue $ 70
4,700
$ 27,416
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
W 38th St & Avenue of the Americas $ 58
3,500
$ 16,770
W 37th St & Between 5th Avenue $ 64
3,200
$ 17,066
Broadway & West 37th Street $ 68
5,500
$ 30,937
Address $ / SF SF Monthly Rent
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Broadway & West 37th Street $ 68
2,300
$ 12,937
Address $ / SF SF Monthly Rent
6th Ave & Between Broadway $ 59
7,600
$ 37,366
Broadway & West 39th Street $ 52
21,400
$ 92,733
W 39th St & Avenue of America $ 49
7,800
$ 31,850
Broadway & West 38th Street $ 54
9,500
$ 42,750
W 39th St & Eighth Avenue $ 40
9,300
$ 31,000
W 39th St & Eight Avenue $ 40
11,400
$ 38,000
7th Ave & Between 7th Avenue $ 55
7,800
$ 35,750
Seventh Ave & Sixtenth Street $ 46
10,000
$ 38,333
Eighth Ave & West 36th Street $ 40
7,500
$ 25,000
Eighth Ave & Between 8th Avenue $ 40
7,900
$ 26,004
W 36th St & Avenue of the Americas $ 44
10,000
$ 36,250
Broadway & West 32nd Street $ 44
9,800
$ 35,525
W 38th St & 5th Avenue $ 62
7,500
$ 38,437
Fifth Ave & West 34th Street $ 48
7,400
$ 29,908
Seventh Ave & West 35th Street $ 60
9,300
$ 46,887
Tenth Ave & West 37th Street $ 49
7,900
$ 32,258
W 33rd St & Fifth Avenue $ 40
7,100
$ 23,666
W 34th St & Fifth Avenue $ 31
7,300
$ 18,858
Address $ / SF SF Monthly Rent
W 39th St & Ninth Avenue $ 39
3,500
$ 11,375
Broadway & West 38th Street $ 49
2,800
$ 11,433
W 39th St & Eight Avenue $ 35
3,000
$ 8,750
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
Broadway & West 39th Street $ 52
3,000
$ 13,000
Eighth Ave & Between 8th Avenue $ 38
2,700
$ 8,550
Eighth Ave & West 35th Street $ 35
3,200
$ 9,333
Eighth Ave & West 36th Street $ 38
2,700
$ 8,550
W 42nd St & Broadway $ 64
2,500
$ 13,333
Address $ / SF SF Monthly Rent
6th Ave & Between Broadway $ 58
1,900
$ 9,183
Broadway & West 39th Street $ 52
1,700
$ 7,366
W 36th St & Between West 36th Street $ 35
1,600
$ 4,666
W 38th St & Between West 37th Street $ 35
2,200
$ 6,416
Seventh Ave & West 40 Street $ 54
1,500
$ 6,750
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
Eighth Ave & West 37th Street $ 37
1,700
$ 5,241
W 40th St & Avenue of America $ 74
1,600
$ 9,866
Broadway & West 38th Street $ 52
1,900
$ 8,233
W 34th St & Avenue of America $ 45
2,000
$ 7,500
7th Ave & Between 7th Avenue $ 57
1,600
$ 7,600
Eighth Ave & West 36th Street $ 42
2,200
$ 7,700
Avenue of the Americas & West 31st Street $ 79
2,400
$ 15,800
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 32
8,500
$ 22,666
W 33rd St & twentieth Road $ 39
8,100
$ 26,325
W 35th St & Seventh Avenue $ 40
8,800
$ 29,333
W 35th St & Fifth Avenue $ 41
8,200
$ 28,016
Eighth Ave & West 36th Street $ 42
16,000
$ 55,333
Eighth Ave & West 39th Street $ 40
11,400
$ 38,475
Broadway & West 31st Street $ 50
7,700
$ 31,762
W 37th St & Eight Avenue $ 46
10,000
$ 38,333
W 35th St & Broadway $ 36
7,700
$ 23,100
W 37th St & Between West 36th Street $ 38
7,200
$ 22,800
W 39th St & Eighth Avenue $ 36
9,200
$ 27,216
W 36th St & Eighth Avenue $ 29
9,500
$ 22,958
W 36th St & Ninth Avenue $ 36
8,500
$ 25,500
Address $ / SF SF Monthly Rent
W 40th St & Eight Avenue $ 25
4,000
$ 8,333
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 35th St & Seventh Avenue $ 44
2,900
$ 10,633
W 35th St & Eighth Avenue $ 32
3,400
$ 9,066
W 38th St & Eighth Avenue $ 39
3,500
$ 11,375
Seventh Ave & West 39th Street $ 45
5,800
$ 21,750
W 35th St & Columbus Avenue $ 40
3,000
$ 10,000
Broadway & West 31st Street $ 46
2,600
$ 9,966
W 36th St & Between Broadway $ 34
6,000
$ 17,250
W 35th St & Seventh Avenue $ 38
4,400
$ 13,933
W 35th St & Between West 35th Street $ 36
5,600
$ 16,800
W 37th St & Ninth Avenue $ 42
4,600
$ 16,057
W 38th St & Between West 37th Street $ 40
2,700
$ 9,112
W 39th St & Fifth Avenue $ 44
6,500
$ 24,104
Address $ / SF SF Monthly Rent
W 38th St & Ninth Avenue $ 32
1,600
$ 4,266
W 30th St & Eighth Avenue $ 28
2,000
$ 4,666
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 37th St & Eight Avenue $ 35
2,400
$ 7,000
W 39th St & Between West 39th Street $ 37
1,700
$ 5,241
W 35th St & Seventh Avenue $ 36
2,300
$ 6,804
W 32nd St & Ninth Avenue $ 50
1,800
$ 7,500
W 35th St & Between West 35th Street $ 36
2,100
$ 6,387

Retail Spaces for Rent at 264 W 40th St

Rent Medical Space at 264 W 40th St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 264 West 40th Street. This trend is projected to continue. Opportunities for subleases remain available at 264 West 40th Street and in the nearby Penn Plaza/Garment neighborhood.
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264 West 40th Street Property Overview

Building Address: 264 W 40th St, New York NY 10018
Building Alternate Address: 264 W 40th St
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:20
Year Built:1927
Building Class:B
Block & lot:00789-0075

264 W 40th St, Manhattan, NYC - History and Overview

264 West 40th Street, located in the heart of the Garment District in Manhattan, was built in 1927. The building stands out as a 20-story structure, reflecting a mix of historical and modern architectural elements. It has undergone significant renovations, including the installation of new elevators, HVAC systems, and windows, keeping its original charm intact.

The property is valued at $21,988,000 according to the tax assessor's market value. It was purchased for $2,050,000 in 2005. The building's design and location make it an ideal spot for businesses looking for a classic Midtown Manhattan address with easy access to major transportation hubs.

Surrounding the building are iconic locations such as Times Square, Port Authority Bus Terminal, and various dining and hotel establishments, contributing to its vibrant and connected urban environment.

264 West 40th Street, Manhattan, New York, NY 10018

Located in the heart of Midtown Manhattan's Garment District and Times Square area, 264 West 40th Street is a 20-story office building originally built in 1927 and extensively renovated, featuring approximately 120,000 square feet of Class B office space. The property spans a 0.15-acre lot with a building footprint of around 6,419 square feet.

Building Features

  • 20 stories with 61 commercial office units
  • Fully renovated including new elevators, HVAC, bathrooms, and windows
  • Attended modern lobby and high-speed blue light elevators
  • Tenant-controlled central HVAC system
  • Polished concrete floors with exposed beamed ceilings
  • Ample natural light from windows on four sides on full floors
  • Two usable outdoor terraces available on some office floors
  • 24/7 building access with lobby attendant and on-site property manager
  • Direct Con Edison metered electric power

Location Highlights

Situated directly across from the New York Times Building, 264 W 40th St offers premier access to a wide range of transit options including subway lines 1, 2, 3, 6, A, C, E, N, Q, R, S, B, D, F, M, J, and Z, as well as proximity to Penn Station, Port Authority Bus Terminal, and Grand Central Terminal. The property is within walking distance of Times Square and surrounded by major business, cultural, and dining destinations.

Neighborhood

The building is part of the Garment District, also known as Midtown South, a dynamic commercial hub featuring top fashion labels and media companies. It benefits from a Walk Score of 96 and a Transit Score of 100, making it a prime location for businesses in technology, advertising, media, and internet (TAMI) sectors.


Building Amenities at 264 W 40th St, Manhattan, NYC

  • Fully restored 20-story Jazz Age office building with Art Moderne attended lobby featuring rich marble, murals, and vaulted ceilings
  • Illuminated stepped façade with stunning night lighting
  • High-speed blue-lite glass elevators with stainless steel and glass finishes
  • Tenant-controlled central HVAC system with exposed brushed ductwork
  • Polished concrete floors and exposed beamed ceilings for a commercial loft aesthetic
  • Private outdoor terraces and roof decks available on office floors
  • WiredScore Gold-rated digital connectivity for superior internet infrastructure
  • 24/7 building access with lobby attendant and concierge services
  • Newly renovated building systems including elevators, HVAC, bathrooms, and windows
  • Fully wired building infrastructure with modernized electrical and mechanical systems
  • Generational family ownership ensuring consistent property management
  • Property manager on site
  • Convenient access to multiple major public transit lines (6, N, R, B, D, F, M, J, Z, A, C, E, 1, 2, 3, 7, Q, S, LIRR, NJ Transit, Amtrak, PATH)
  • Located in the Penn Station / Fashion District neighborhood, directly across from the New York Times Building

264 W 40th St, Manhattan, NYC

This building is a 20-story office complex located in the heart of Manhattan's Garment District, offering a strategic position for businesses. Built in 1927, it features an award-winning Art Moderne-style lobby and provides a classic Midtown address with easy access to public transit.

The property is surrounded by major transportation hubs like the Port Authority Bus Terminal and Times Square, making it an ideal location for business operations. Nearby amenities include hotels, restaurants, and cultural institutions, enhancing its suitability for various business types.

Neighborhood and Accessibility

  • Neighborhood: Garment District
  • Accessibility: Close proximity to Penn Station, Grand Central Terminal, and multiple subway lines

Building Features

  • Year Built: 1927
  • Building Class: B
  • Total Size: Approximately 120,000 SF
  • Lot Size: 0.15 Acre
  • Multi-Tenant Space: Available for diverse business needs

Tenant Amenities

  • High-Speed Elevators
  • Modern Lobby with Attendant
  • 24/7 Building Access
  • Natural Light and High Ceilings

  • Verizon: Fiber up to 2,300 Mbps
  • EarthLink: Fiber service available

264 W 40th St, Manhattan, NYC is strategically located with easy access to major transportation options. Nearby public transit includes:

  • Subway Lines: 1, 2, 3, 7, A, C, E, N, Q, R, S, B, D, F, M
  • Buses: 108, 160, BM2, BXM4, M42
  • Trains: PATH, Harlem Branch

Cross streets include:

  • 6th Avenue
  • 8th Avenue

The area offers convenient access to Penn Station, Grand Central Terminal, and Port Authority.


Vaultus Professional Service Testimonial

Vaultus Professional Service testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
🗂️
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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