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Rent/Lease Office 386 Park Avenue South, New York, NY

Class B 10016 Buildings Gramercy Park
$ / SF / Yr SF Monthly Rent
$ 73

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 19th Street $ 77
8,800
$ 56,466
Fifth Ave & East 16th Street $ 42
10,100
$ 35,350
Park Ave S & Between East 19th Street $ 60
7,700
$ 38,500
Fifth Ave & East 21st Street $ 69
7,300
$ 41,975
Madison Ave & East 29th Street $ 59
10,500
$ 51,625
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 21st Street $ 71
5,200
$ 30,766
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
E 16th St & Park Avenue South $ 64.5
3,400
$ 18,275
Address $ / SF / Yr SF Monthly Rent
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
Madison Ave & East 25th Street $ 92
9,100
$ 69,766
Park Ave S & East 20th Street $ 81
13,000
$ 87,750
Address $ / SF / Yr SF Monthly Rent
Park Ave S & East 17th Street $ 95
4,000
$ 31,666
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
E 26th St & Fifth Avenue $ 125
12,100
$ 126,041
Park Ave S & East 20th Street $ 79
13,000
$ 85,583
Park Ave S & Between East 19th Street $ 67
7,700
$ 42,991
Park Ave S & East 27th Street $ 75
8,700
$ 54,375
Broadway & Between East 13th Street $ 71
12,700
$ 75,141
Madison Ave & East 29th Street $ 61
8,300
$ 42,191
E 23rd St & Park Avenue $ 42
18,400
$ 64,400
Park Ave S & East 26th Street $ 48.5
12,000
$ 48,500
Madison Ave & East 28th Street $ 40.5
18,500
$ 62,437
Fifth Ave & East 29th Street $ 79
12,500
$ 82,291
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 29th Street $ 72
4,700
$ 28,200
Park Ave S & East 26th Street $ 75
2,700
$ 16,875
Broadway & East 18th Street $ 71.5
2,500
$ 14,895
University Pl & East 12th Street $ 49
6,500
$ 26,541
E 23rd St & Park Avenue $ 41
6,100
$ 20,841
Broadway & East 20th Street $ 75
3,700
$ 23,125
Broadway & Between East 19th Street $ 76.5
5,300
$ 33,787
Park Ave S & East 26th Street $ 71
3,900
$ 23,075
Union Sq W & East 16th Street $ 67
3,700
$ 20,658
Address $ / SF / Yr SF Monthly Rent
E 23rd St & Third Avenue $ 45.5
2,400
$ 9,100
Broadway & East 18th Street $ 73.5
1,800
$ 11,025
Park Ave S & East 26th Street $ 63
2,100
$ 11,025
Fifth Ave & East 29th Street $ 72.6
2,000
$ 12,100
Broadway & Between East 19th Street $ 75
2,200
$ 13,750
Address $ / SF / Yr SF Monthly Rent
Madison Ave & East 30th Street $ 39.5
11,000
$ 36,208
E 23rd St & Lexington Avenue $ 67.5
21,600
$ 121,500
E 19th St & Broadway $ 52.5
7,700
$ 33,687
Address $ / SF / Yr SF Monthly Rent
E 23rd St & Park Avenue $ 35
2,800
$ 8,166
Fifth Ave & Between East 28th Street $ 51.5
5,000
$ 21,458
E 19th St & Broadway $ 53.5
5,500
$ 24,520
Fifth Ave & East 29th Street $ 58
2,500
$ 12,083
Address $ / SF / Yr SF Monthly Rent
E 28th St & Park Avenue South $ 38.5
2,300
$ 7,379
Broadway & East 21st Street $ 74.5
1,800
$ 11,175

Retail Spaces for Rent at 386 Park Avenue South

Rent Retail 386 Park Avenue South

Rent Medical Space at 386 Park Avenue South

Office Tenants Rented / Leased 386 Park Avenue South
  • Euro Pacific Capital leased 3,975 SF
  • MMF Systems leased 1,491 SF
  • Educate Online leased 3,166 SF
  • Hadassah leased 4,265 SF
  • Bayberry Capital leased 1,869 SF
  • Ingenio Inc. leased 1,793 SF
  • Zeppo Marketing Inc. leased 1,036 SF
  • Capelin Communications leased 1,550 SF
  • Vesoft Inc. leased 1,451 SF
  • Rhino Systems leased 2,000 SF
Nearby Office Tenants Leased
  • Superfly Productions leased 16,267 SF at 381 Park Avenue South
  • Union Square Hospitality… leased 15,126 SF at 853 Broadway
  • New York Dermatology Gr… leased 14,182 SF at 119 Fifth Ave
  • Knotel leased 14,174 SF at 41 Union Square West
  • Ackerman Institute for th… leased 14,000 SF at 936 Broadway
  • T. Rowe Price leased 13,450 SF at 233 Park Avenue South
  • Piano leased 13,092 SF at 85 Fifth Ave
  • Levy Alan Chiropractor leased 13,000 SF at 920 Broadway
  • OTG Management leased 12,200 SF at 352 Park Ave South
  • Endeavor Global leased 12,000 SF at 900 Broadway
Nearby Retail Tenants Leased
  • By Chloe leased 1,650 SF at 27 Union Square West
  • The Shade Store leased 1,610 SF at 254 Park Avenue South
  • EXKi leased 1,500 SF at 257 Park Ave South
  • Monsoon Accessorize USA leased 500 SF at 1 Union Square West
  • En Japonais leased 0 SF at 225 Park Ave S
  • Burlington Coat Factory leased 70,000 SF at 100 West 125th St
  • Quality Eats leased 51,222 SF at 3 East 28th Street
  • Equinox leased 44,458 SF at 315 Park Avenue South
  • Hennes & Mauritz (H & M) leased 20,000 SF at 111 Fifth Ave
  • The Mind/Body Medical Group leased 18,000 SF at 304 Park Ave South
$ / 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 386 Park Avenue South. This trend is projected to continue. Opportunities for subleases remain available at 386 Park Avenue South and in the nearby Gramercy Park neighborhood.
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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 a 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

386 Park Avenue South, New York, NY Property Overview

Building Address: 386 Park Avenue South, New York NY 10016
Building Alternate Address: 386 Park Ave South, New York, NY
Zip Code:10016
Neighborhood:Gramercy Park
Borough:Manhattan
Stories:20
Year Built:1927
Building Class:B
Block & lot:00857-0038

386 Park Avenue South, located at the northwest corner of East 27th Street in Manhattan's NoMad neighborhood, has a rich history dating back to its completion in 1927. This 20-story, all-steel building was originally known as the Mills & Gibb Building and stands at a height of 79.9 meters (262 feet).

Initially, it was involved in a residential conversion project but faced significant challenges due to the 2005 credit crisis and the New York economic downturn. By 2010, Monday Properties and Savanna recapitalized the building, launching a major repositioning effort that transformed it from an office building with over 70% vacancy to one with less than 10% vacancy.

In 2012, the building was sold to a partnership between the William Macklowe Company and Principal Financial Group for $111.5 million. Following this sale, the building underwent further upgrades to appeal to tech and creative industries, including modernizations such as an expanded entranceway and elevator improvements.

By 2015, 386 Park Avenue South was sold again, this time for $201.5 million, emphasizing its growing value in the Manhattan office market. The building offers a total of 232,133 square feet of office space and has been altered over time, with the most recent significant alterations occurring in 2017.

386 Park Avenue South, Manhattan, NYC

386 Park Avenue South is a 260,000 square foot office building located in the highly desirable midtown south office market of New York City.

  • Address: 386 Park Avenue South, New York, NY 10016
  • Year Built: 1927
  • Year Renovated: 1990
  • Building Height: 20 stories
  • Building Size: 260,162 square feet
  • Building Class: B
  • Typical Floor Size: Approximately 8,969 square feet
  • Unfinished Ceiling Height: 11 feet

This building was originally planned for residential use but was adapted for office purposes. It features large open spaces and is ideally located near Madison Square Park.


386 Park Avenue South in Manhattan, NYC, offers several amenities to enhance the tenant experience. These include:

  • 24/7 Access
  • Bike Storage (located in the basement, accessible via the freight entrance during specified hours)
  • Lobby Attendant
  • Messenger Center
  • High-Speed Internet
  • Telephone Services
  • Bank
  • Janitorial and Building Maintenance Services

The building is designed to provide a comfort-driven environment with modern amenities, making it a desirable location for businesses.


386 Park Avenue South, Manhattan, NYC - Office Tenants

386 Park Avenue South is a 20-story Class B office building located in Manhattan, New York City. The building offers modern full-floor pre-built office spaces designed for progressive companies, featuring contemporary bathrooms and spacious eat-in kitchens with bar counters to support a collaborative working environment.

Notable office tenants at 386 Park Avenue South include:

  • Primary Ventures
  • Adroll
  • Box, Inc.
  • POPSUGAR
  • Chase
  • Global

The building benefits from multiple high-speed internet providers offering fiber connections, including Verizon New York, Lightower, Level 3 Communications, and Cablevision/Lightpath.

Located just one block from Madison Square Park, tenants have easy access to transportation, with the subway’s #6 line steps away and N and R lines within a five-minute walk, as well as proximity to Grand Central Terminal.

Average market asking rent for Class B office space as of 2024 ranges between $60 to $75 per square foot.


Internet Providers:

  • Verizon Fios: fiber-optic, up to 2 Gbps
  • Spectrum: cable, up to 1 Gbps
  • Pilot Fiber: business fiber, up to 10 Gbps
  • Lumen (Level 3): business fiber, up to 10 Gbps
  • Crown Castle: business fiber, up to 10 Gbps

386 Park Avenue South is centrally located in Manhattan, New York City, offering easy access to various transportation options.

Public Transit: - Bus: Routes include 28, BXM18, BXM4, M15, M15-SBS, M5, QM10, QM24, QM21, M1, M2, M3, SIM6, SIM11, M101, M102, M103, BM1, BM2, BM3, BM4, X63. - Train: HUDSON and PORT WASHINGTON BRANCH. - Subway: Lines include 6, 6X, N, Q, R, W, 4.

Nearest Subway Station: 23rd Street Station, approximately a 1-minute walk.

Nearest Bus Stops: - Madison Ave @ 26th St (3-minute walk). - E 25 St/Park Av South (3-minute walk). - Lexington Av/E 28 St (3-minute walk). - Madison Av/E 28 St (3-minute walk).

Cross Streets: Park Avenue South intersects with various streets, including East 23rd Street to East 29th Street. Major cross streets include East 25th Street and East 26th Street.

Office Tenants Rented / Leased 386 Park Avenue South
  • Euro Pacific Capital leased 3,975 SF
  • MMF Systems leased 1,491 SF
  • Educate Online leased 3,166 SF
  • Hadassah leased 4,265 SF
  • Bayberry Capital leased 1,869 SF
  • Ingenio Inc. leased 1,793 SF
  • Zeppo Marketing Inc. leased 1,036 SF
  • Capelin Communications leased 1,550 SF
  • Vesoft Inc. leased 1,451 SF
  • Rhino Systems leased 2,000 SF
Nearby Office Tenants Leased
  • Superfly Productions leased 16,267 SF at 381 Park Avenue South
  • Union Square Hospitality… leased 15,126 SF at 853 Broadway
  • New York Dermatology Gr… leased 14,182 SF at 119 Fifth Ave
  • Knotel leased 14,174 SF at 41 Union Square West
  • Ackerman Institute for th… leased 14,000 SF at 936 Broadway
  • T. Rowe Price leased 13,450 SF at 233 Park Avenue South
  • Piano leased 13,092 SF at 85 Fifth Ave
  • Levy Alan Chiropractor leased 13,000 SF at 920 Broadway
  • OTG Management leased 12,200 SF at 352 Park Ave South
  • Endeavor Global leased 12,000 SF at 900 Broadway
Nearby Retail Tenants Leased
  • By Chloe leased 1,650 SF at 27 Union Square West
  • The Shade Store leased 1,610 SF at 254 Park Avenue South
  • EXKi leased 1,500 SF at 257 Park Ave South
  • Monsoon Accessorize USA leased 500 SF at 1 Union Square West
  • En Japonais leased 0 SF at 225 Park Ave S
  • Burlington Coat Factory leased 70,000 SF at 100 West 125th St
  • Quality Eats leased 51,222 SF at 3 East 28th Street
  • Equinox leased 44,458 SF at 315 Park Avenue South
  • Hennes & Mauritz (H & M) leased 20,000 SF at 111 Fifth Ave
  • The Mind/Body Medical Group leased 18,000 SF at 304 Park Ave South

Recent News About 386 Park Avenue South

Nuverse Advisor LLC Testimonial

Nuverse Advisor LLC testimonial Dear Stephen, We would like to thank you for your assistance in helping us to arrange a sublet in Olympic Tower. My partners and I were determined to sublet a space that was fully furnished and equipped to our specifications at a fair market value. We utilized several different brokers, but we found that only you consistently found new sublet opportunities for us during the entire year of our search. When we began our search, prices for Class A office space in the Plaza District ranged from $80-150/RSF, by the end of our search the prices had fallen to $50-$85/RSF. Your hard work and tenacity at finding new listings allowed us to find the ideal space at the right price in Class A. Thanks for sticking with us. Sincerely, Elias Saal

Office Buildings in Gramercy Park

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