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Rent/Lease Office 387 Park Avenue South
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| $ 86 |
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 |
| Park Ave S & East 27th Street | $ 69.5 | 13,100 |
$ 75,870 |
| 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 387 Park Avenue South
Rent Retail 387 Park Avenue South
Rent Medical Space at 387 Park Avenue South
- Criteo leased 20,000 SF
- Silicon Valley Bank leased 20,000 SF
- Criteo leased 19,269 SF
- Citi Habitats leased 19,000 SF
- Perseus Books leased 1,660 SF
- Empire Office leased 26,369 SF
- State University of New York at Stony Brook leased 18,000 SF
- Sterling Publishing Co. leased 52,054 SF
- CVS leased 7,550 SF
- Artisanal Fromagerie Bistro leased 10,700 SF
- Jeff Lagowitz, Savills Studley leased 11,000 SF
- Barry's Bootcamp leased 4,061 SF
- TF Cornerstone leased 4,601 SF
- 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
- 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
- Prana leased 15,000 SF at 79 Madison Ave
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
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
387 Park Avenue South Property Overview
| Building Address: | 387 Park Avenue South, New York NY 10016 |
| Building Alternate Address: | 387 Park Ave South |
| Zip Code: | 10016 |
| Neighborhood: | Gramercy Park |
| Borough: | Manhattan |
| Stories: | 13 |
| Year Built: | 1910 |
| Building Class: | B |
| Block & lot: | 00883-0001 |
387 Park Avenue South is a 12-story pre-war office building located in the NoMad area of Manhattan, New York City. It was originally built in 1910 and has undergone several renovations, including a major upgrade in 2015 that introduced energy-efficient systems and a new lobby.
The building offers approximately 232,000 square feet of space and is currently owned by TF Cornerstone. It is well-connected to the subway, with a nearby 6 train entrance. The building's amenities include a private roof deck and a work-focused members club called The Malin, which opened in October 2022.
Historically, the building was also home to Stony Brook Manhattan, a branch facility of Stony Brook University that operated from 2002 until its lease termination in February 2017. The facility occupied the third floor and provided space for professional and graduate courses.
387 Park Avenue South is a 230,000 square foot office and retail building located on the northeast corner of Park Avenue South and East 27th Street in the NoMad neighborhood of Manhattan, New York City.
Built in 1910, the building has 12 or 13 stories, depending on the source, and underwent major renovations in 2015 to include energy-efficient upgrades and a new lobby.
The location is home to a CVS Pharmacy and hosts The Malin, a sophisticated workspace offering various membership options and amenities.
Notable tenants include Criteo, a commerce media company, which recently extended its lease for approximately 21,000 square feet.
TF Cornerstone owns the building and has expanded its own space within it.
387 Park Avenue South in Manhattan offers a variety of amenities, particularly highlighted within The Malin NoMad coworking space on the fifth floor. Key amenities include:
- 10 Private Offices with flexible term lengths and natural light.
- 18 Dedicated Desks for individuals with power and lockable storage.
- 4 Meeting Rooms for events and gatherings.
- 16 Phone Booths for private calls.
- Library for quieter work sessions.
- Kitchen equipped with amenities like a barista setup.
- 24/7 Access to the facility.
- Concierge Services for members.
- Communal Workspace with Wi-Fi.
- Bicycle Storage for convenience.
- Two Newly Renovated Lobbies with 24/7 security.
- Operable Thermopane Windows for natural ventilation.
387 Park Avenue South, located in the NoMad neighborhood of Manhattan, New York, is a 13-story office and retail building. The property has undergone significant renovations, including energy-efficient upgrades and the installation of a new lobby in 2015. The building features a range of amenities, such as a private roof deck and shared workspace facilities.
Notable tenants include Criteo, a commerce media company that has signed a ten-year lease extension for approximately 21,000 square feet on the top floor and penthouse. TF Cornerstone, the building's owner, has also expanded its presence in the building by leasing additional space on the eighth floor.
Other recognized tenants are CVS Pharmacy, The Corcoran Group, and Silicon Valley Bank, though SVB's status may have changed following recent bankruptcy proceedings.
The Malin, a shared workspace provider, occupies 19,000 square feet on the fifth floor, offering a sophisticated alternative to traditional offices with amenities like 24/7 access and concierge services.
Internet Providers Available at 387 Park Avenue South, Manhattan, NYC:
Recommended Providers:
Verizon Fios - Offers fast, symmetrical fiber-optic speeds. Plans start at $49.99 with speeds up to 2 Gbps. Great for high-speed needs with reliable customer service.
Astound Broadband Powered by RCN - Provides fiber and cable services with unlimited data and competitive pricing. Plans start at $35 per month with speeds up to 1.5 Gbps.
Spectrum - Offers wide coverage, speeds up to 1 Gbps, and competitive bundles starting at $30 per month for TV and internet.
387 Park Avenue South in Manhattan, NYC, is conveniently located with several transportation options nearby.
Subway Lines: 6, N, Q, R, and W
Bus Routes: 28, BM3, M102, M15, M5
Train Lines: Hudson and Ronkonkoma Branch (though not directly at this address)
Nearest Bus Stops: - Madison Av/E 25 St - Lexington Av/E 28 St - Madison Ave @ 26th St - E 25 St/Park Av South
Cross Streets: East 27th Street
- Criteo leased 20,000 SF
- Silicon Valley Bank leased 20,000 SF
- Criteo leased 19,269 SF
- Citi Habitats leased 19,000 SF
- Perseus Books leased 1,660 SF
- Empire Office leased 26,369 SF
- State University of New York at Stony Brook leased 18,000 SF
- Sterling Publishing Co. leased 52,054 SF
- CVS leased 7,550 SF
- Artisanal Fromagerie Bistro leased 10,700 SF
- Jeff Lagowitz, Savills Studley leased 11,000 SF
- Barry's Bootcamp leased 4,061 SF
- TF Cornerstone leased 4,601 SF
- 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
- 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
- Prana leased 15,000 SF at 79 Madison Ave
Recent News About 387 Park Avenue South
Abrams Garfinkel & Rosen Testimonial
Dear Stephen:
On behalf of my partners and myself, I want to thank you for your representation, assistance and support in connection with our search for new office space. We have worked with many brokers over the last eighteen months, but you were the only one who truly listened and tried to understand what our requirements, limitations and needs were. As a result of your diligence and persistence, we have been able to sign a lease for a space that meets all of our physical, aesthetic and economic criteria. You have done an excellent job on our behalf, and we are truly appreciative.
Please feel free to share this letter with any of your potential clients, as we would wholeheartedly recommend your services to others. Once again, thank you for everything.
Sincerely,
Neil B. Garfinkel
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.