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Rent Office 48 West 38th Street, New York, NY

$ / SF / Yr SF Monthly Rent
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Bryant Park & Sixth Avenue $ 60
14,000
$ 70,000
Penn Plaza & West 33rd Street $ 41.5
29,000
$ 100,291
Broadway & West 36th Street $ 48
11,700
$ 46,800
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 40th St & Seventh Avenue $ 38
15,100
$ 47,816
W 37th St & Avenue of the Americas $ 34.5
10,200
$ 29,325
W 37th St & Sixth Avenue $ 33.5
11,400
$ 31,825
Broadway & West 37th Street $ 42
11,100
$ 38,850
Ninth Ave & West 34th Street $ 35
24,600
$ 71,750
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
Address $ / SF / Yr 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 Fifth Avenue $ 50
3,200
$ 13,333
W 37th St & Sixth Avenue $ 35
3,500
$ 10,208
Address $ / SF / Yr 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 $ 46.5
2,200
$ 8,525
W 36th St & Between Eighth Avenue $ 38
1,600
$ 5,066
Address $ / SF / Yr SF Monthly Rent
W 37th St & Seventh Avenue $ 30
7,300
$ 18,250
W 36th St & Eighth Avenue $ 33
7,800
$ 21,450
W 30th St & Fifth Avenue $ 30
7,100
$ 17,750
Address $ / SF / Yr SF Monthly Rent
Broadway & West 32nd Street $ 46.28
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 & Fifth Avenue $ 33
5,000
$ 13,750
Penn Plaza & West 30th Street $ 48
2,500
$ 10,000
W 36th St & Eighth Avenue $ 35.5
6,000
$ 17,750
W 35th St & Seventh Avenue $ 35.5
5,300
$ 15,679
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
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 39th Street $ 59
10,900
$ 53,591
Bryant Park & Avenue of the Americas $ 99
7,400
$ 61,050
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
Broadway & West 41st Street $ 70.5
13,200
$ 77,550
Fifth Ave & West 38th Street $ 56.5
17,600
$ 82,866
Ninth Ave & Between Dyer Avenue $ 128.5
9,400
$ 100,658
Address $ / SF / Yr 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 Seventh Avenue $ 70
4,700
$ 27,416
Broadway & West 36th Street $ 65.5
4,600
$ 25,108
2 & West 31st Street $ 140.5
5,300
$ 62,054
W 40th St & Avenue of the Americas $ 73
2,900
$ 17,641
Fifth Ave & West 38th Street $ 61
3,800
$ 19,316
W 38th St & Avenue of the Americas $ 56
3,500
$ 16,333
W 37th St & Between Fifth Avenue $ 62.5
3,200
$ 16,666
Broadway & West 37th Street $ 67.5
5,500
$ 30,937
Address $ / SF / Yr SF Monthly Rent
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Broadway & West 37th Street $ 67.5
2,300
$ 12,937
Address $ / SF / Yr 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 the Americas $ 49
7,800
$ 31,850
Broadway & West 38th Street $ 54
9,500
$ 42,750
W 39th St & Eighth Avenue $ 40.5
9,300
$ 31,387
7th Ave & Between Seventh Avenue $ 55.5
7,800
$ 36,075
Seventh Ave & West 35th Street $ 46.5
10,000
$ 38,750
Eighth Ave & West 36th Street $ 40.5
7,500
$ 25,312
Eighth Ave & Between Eighth Avenue $ 40
7,900
$ 26,333
W 36th St & Avenue of the Americas $ 44
10,000
$ 36,666
Broadway & West 32nd Street $ 44
9,800
$ 35,933
W 38th St & Fifth Avenue $ 62
7,500
$ 38,750
Fifth Ave & West 34th Street $ 49
7,400
$ 30,216
Tenth Ave & West 37th Street $ 49.5
7,900
$ 32,587
W 33rd St & Fifth Avenue $ 40.5
7,100
$ 23,962
W 34th St & Fifth Avenue $ 31
7,300
$ 18,858
Address $ / SF / Yr 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 & Eighth 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 Eighth 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 / Yr SF Monthly Rent
6th Ave & Between Broadway $ 58
1,900
$ 9,183
Broadway & West 39th Street $ 52
1,700
$ 7,366
W 36th St & Eighth Avenue $ 35
1,600
$ 4,666
W 38th St & Fifth Avenue $ 35
2,200
$ 6,416
Seventh Ave & West 40th 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 the Americas $ 74
1,600
$ 9,866
Broadway & West 38th Street $ 52
1,900
$ 8,233
W 38th St & Eighth Avenue $ 35
2,000
$ 5,833
W 34th St & Avenue of the Americas $ 45
2,000
$ 7,500
7th Ave & Between Seventh 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 / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 32
8,500
$ 22,666
W 33rd St & Fifth Avenue $ 39
8,100
$ 26,325
W 35th St & Fifth Avenue $ 41.5
8,200
$ 28,358
Eighth Ave & West 36th Street $ 42
16,000
$ 56,000
Eighth Ave & West 39th Street $ 41
11,400
$ 38,950
Broadway & West 31st Street $ 50
7,700
$ 32,083
W 37th St & Eighth Avenue $ 46.5
10,000
$ 38,750
W 35th St & Broadway $ 36.5
7,700
$ 23,420
W 37th St & Avenue of the Americas $ 38.5
7,200
$ 23,100
W 36th St & Eighth Avenue $ 29.5
9,500
$ 23,354
W 36th St & Ninth Avenue $ 36.5
8,500
$ 25,854
Address $ / SF / Yr SF Monthly Rent
W 40th St & Eighth 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 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 $ 44.5
2,600
$ 9,641
W 36th St & Between Broadway $ 33
6,000
$ 16,500
W 35th St & Seventh Avenue $ 36.5
4,400
$ 13,383
W 37th St & Ninth Avenue $ 40.39
4,600
$ 15,482
W 38th St & Fifth Avenue $ 39
2,700
$ 8,775
W 39th St & Fifth Avenue $ 43
6,500
$ 23,291
Address $ / SF / Yr 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 39th St & Eighth Avenue $ 37
1,700
$ 5,241
W 35th St & Seventh Avenue $ 35.5
2,300
$ 6,804

Retail Spaces for Rent at 48 W 38th St

Rent Retail 48 W 38th St

Rent Medical Space at 48 W 38th St

Office Tenants Rented / Leased 48 West 38th Street
  • BeenVerified leased 12,000 SF
  • Fabrique Innovations leased 10,000 SF
  • United Legwear Co. leased 10,000 SF
  • Wonder Sources, Inc. leased 5,000 SF
  • Twentyfirst Group leased 10,000 SF
  • Pro Player leased 1,000 SF
  • Intimates Online Inc leased 0 SF
  • Vintus leased 11,668 SF
  • Gelmart Industries Inc leased 6,000 SF
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:

Strategically positioned in the heart of Midtown South, 48 West 38th Street represents a premier opportunity for businesses seeking high-visibility boutique office space within Manhattan’s most resilient commercial corridor. This asset benefits from exceptional transit connectivity near Bryant Park and Penn Station, making it an ideal hub for creative and tech-oriented firms looking to capitalize on the Garment District’s ongoing revitalization. From a brokerage perspective, the property’s combination of historic architectural character and central accessibility offers long-term value and high tenant retention potential in a competitive NYC real estate market.

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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

48 West 38th Street, New York, NY Property Overview

Building Address: 48 W 38th St, New York NY 10018
Building Name: The Lidman Building
Building Alternate Address: 48 W 38th St, New York, NY
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:0
Year Built:1912
Building Class:C
Block & lot:00839-0073

48 West 38th Street, located in Manhattan's Midtown Garment District, is a 12-story office building completed in 1912. The building features approximately 120,000 square feet of office and commercial space. It has a long-standing presence in New York City's architectural landscape, reflecting early 20th-century commercial building design typical of the era.

Over more than a century of use, the building has undergone modifications, including last recorded alterations in 1983, maintaining its relevance as a commercial office property. Its location is conveniently positioned just a few blocks from Grand Central Station and Bryant Park, making it a well-situated landmark within the Midtown area.

The building is known as The Lidman Building and offers amenities such as hardwood floors and efficient floor plates suitable for office tenants. Its historical value is underscored by the enduring role it has played in New York City's evolving urban fabric, contributing to the commercial vibrancy of West 38th Street.

48 West 38th Street, also known as The Lidman Building, is located in the Garment District of Manhattan, New York City. The property was built in 1912 and is a 12-story office building. Its total size is approximately 143,057 square feet, situated on a 0.24-acre lot. The building offers a mix of historical and modern amenities, including proximity to Grand Central Station and Bryant Park.


Amenities - 48 West 38th Street, Manhattan, NYC

  • Located between Fifth and Sixth Avenues, near Bryant Park and Grand Central Station
  • Access to public transportation including bus lines and metro/subway
  • Air conditioning throughout the building
  • 12-story office building built in 1912 with pre-war architectural features
  • Hardwood wood floors and beautiful pre-war bones
  • Efficient side core floor plate layout for office spaces
  • New windows on some floors providing good natural light
  • Lounge areas and multiple conference rooms (12-person and 6-person)
  • Private offices, built-in phone rooms, and workstation areas
  • Renovated and manned lobby with stable long-term ownership
  • Highly walkable location with Walk Score 98 and Transit Score 100
  • Strong connectivity to major NYC hubs and proximity to world-renowned restaurants

Office Tenants at 48 West 38th Street, Manhattan, NYC

The Lidman Building at 48 West 38th Street in Manhattan is a multi-tenant office building with a total building size of approximately 128,668 to 143,057 square feet, built in 1912. It offers office spaces including an entire 12th floor with 11,668 square feet available. The building hosts a variety of tenants from diverse industries, though specific tenant details are generally not publicly listed.

The building includes amenities such as conference rooms, built-in phone rooms, lounge areas, and hardwood floors. It is located in the Garment District neighborhood, close to major transit hubs like Grand Central Station and Bryant Park, offering convenient access to dining, lodging, and public transportation options.

Some notable tenants identified include companies like The Lifetime Value Co., Gelmart, James E Fitzgerald, and Vintus Wines among others, reflecting a varied tenant base.


Internet Providers at 48 W 38th St, Manhattan, NYC

The building at 48 West 38th Street, known as The Lidman Building, is served by several internet providers offering a range of high-speed options:

  • Verizon: Fiber internet with speeds ranging from 10 Mbps up to 1,000 Mbps, providing fast and reliable connectivity suitable for various residential and business needs.
  • Earthlink: Fiber internet services available, offering competitive speeds and stable connections.

In addition to these, Manhattan broadly has coverage from major providers such as:

  • Astound Broadband Powered by RCN: Cable and fiber services with speeds up to 1.5 Gbps, known for competitive pricing and unlimited data plans.
  • Spectrum: Cable and fiber internet offering speeds up to 1 Gbps with wide coverage throughout Manhattan.

Location: 48 W 38th St, New York, NY 10018

Cross Streets:
- 8th Avenue
- 9th Avenue

Public Transportation:

Subway: Nearby stations include:

  • 42nd Street – Bryant Park (B, D, F, M trains)
  • 34th Street – Herald Square (B, D, F trains)

Bus Stops:

  • 8 Av/W 37 St
  • 9 Av/W 40 St
  • W 40th St & 9th Ave
  • W 40th St & 8th Ave

Trains: Accessible via nearby Penn Station and PATH trains.

Office Tenants Rented / Leased 48 West 38th Street
  • BeenVerified leased 12,000 SF
  • Fabrique Innovations leased 10,000 SF
  • United Legwear Co. leased 10,000 SF
  • Wonder Sources, Inc. leased 5,000 SF
  • Twentyfirst Group leased 10,000 SF
  • Pro Player leased 1,000 SF
  • Intimates Online Inc leased 0 SF
  • Vintus leased 11,668 SF
  • Gelmart Industries Inc leased 6,000 SF
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

Clemente Capital Testimonial

Clemente Capital testimonial Dear Mr. Sunderland, Thank you for performing an outstanding job of releasing Clemente Capital, Inc. from our lease and giving us an ideal new space for an affordable rent. You are truly an outstanding professional that one can proudly recommend to people who are looking for real estate services. Most of all, I gained new insights from you and consider you a neat down-to-earth person worth having as a friend. Again, Leo joins me in sending our thanks and good wishes. Sincerely, Lilia C. Clemente

Office Buildings in Penn Plaza/Garment

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