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Rent Office 49 West 38th Street, New York, NY

$ / SF / Yr SF Monthly Rent
$ 47

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 49 W 38th St

Rent Retail 49 W 38th St

$ / SF / Yr SF Monthly Rent
$ 52.4
$ 52.4
$ 44.41

Rent Medical Space at 49 W 38th St

Office Tenants Rented / Leased 49 West 38th Street
  • Gannon Vitolo Contractin… leased 5,000 SF
  • Ivy Exec leased 1,000 SF
  • Ramapo For Children leased 5,000 SF
  • Walker Consultants leased 5,100 SF
  • Morrison Wagner Morrison leased 2,500 SF
  • Somiya Fashion leased 2,999 SF
  • Axomic leased 4,600 SF
  • Anik Pearson Architect leased 2,500 SF
  • Anik Architecture leased 2,500 SF
  • Ivy Exec Inc. leased 2,800 SF
Nearby Office Tenants Leased
  • Lilker Associates Consulting Engineers leased 24,034 SF at 1001 Avenue of the Americas
  • Pearl Spaces LLC leased 23,500 SF at 500 Eighth Ave
  • ASI System Integration leased 23,050 SF at 48 West 37th St
  • North Fork Bank leased 23,000 SF at 1001 Sixth Ave
  • Pem America, Inc leased 22,574 SF at 70 West 36th St
  • Aec Reprographics leased 21,660 SF at 42 West 39th St
  • The New Dance Group leased 21,000 SF at 575 Eighth Ave
  • blueprint + co leased 20,000 SF at 214 West 39th St
  • WeWork leased 19,150 SF at 224 West 29th St
  • Roundabout Atre Compan… leased 18,201 SF at 231 West 39th Street
Nearby Retail Tenants Leased
  • Udizine leased 2,600 SF at 498 Seventh Ave
  • Taco Bell Cantina leased 2,451 SF at 500 Eighth Avenue
  • Market Crates leased 2,300 SF at 224 West 35th Street
  • NY Fashion & Dress Inc. leased 2,000 SF at 261 West 36th St
  • Republic Clothing Corporation leased 2,000 SF at 1412 Broadway
  • RadioShack leased 2,000 SF at 1357 Broadway
  • Rock & Soul Electronics leased 2,000 SF at 10 West 37th Street
  • Rainbow Nail leased 1,940 SF at 1370 Broadway
  • Pret A Manger leased 1,939 SF at One Penn Plaza
  • Naturalizer leased 1,935 SF at 1460 Broadway
$ / SF SF Monthly Rent
Please notify me when a new space is available
Tenant Broker’s Perspective:

49 West 38th Street offers a strategic advantage for boutique firms seeking a high-identity Manhattan footprint with unparalleled transit connectivity. Situated in the heart of the Bryant Park submarket, this asset captures the quintessential Midtown South loft aesthetic, featuring high ceilings and flexible floor plates that appeal to creative and professional services alike. From a brokerage perspective, the property represents an optimal value play, providing tenants with premium proximity to major transit hubs and neighborhood amenities at a competitive price point compared to the neighboring Plaza District.

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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

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

Building Address: 49 W 38th St, New York NY 10018
Building Name: 49 West 38th Street
Building Alternate Address: 49 W 38th St, New York, NY
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:0
Year Built:1924
Building Class:C
Block & lot:00840-0013

49 West 38th Street, located in the vibrant Garment District of Manhattan, New York City, has a rich history dating back to its construction in 1924. This 16-story building, classified as an Office with Commercial 7-19 Stories (O6), houses both office and commercial spaces. It boasts a restored facade, new storefront, and modern lobby with uniformed security. The building offers excellent transportation access due to its proximity to major subway hubs.

The current tax assessor's market value of the property is $12,569,000. Over the years, the building's market value has fluctuated, reflecting broader economic trends. In recent years, the property taxes have also seen adjustments, with the estimated property tax for the 2024-2025 period being approximately $589,665.

49 West 38th Street, located in Manhattan's Garment District, is a 16-story commercial building constructed in 1924.

Building Details:

  • Year Built: 1924
  • Stories: 16
  • Neighborhood: Garment District
  • Borough: Manhattan

Location Insights:

  • Zip Code: 10018
  • Block & Lot: 00840-0013
  • Proximity: Near Bryant Park, Times Square, and Herald Square

Property Features:

  • Lot Size: Approximately 5,036 sqft
  • Building Size: Approximately 63,412 sqft
  • Electrical Service: High-amp, 400 AMP, 3-phase power available

Surroundings:

  • Hotels Nearby: The Archer, Marriott, Wingate, and Refinery Hotel
  • Notable Businesses: Amazon HQ, Sweetgreen


49 West 38th Street offers the following amenities:

  • Modern Lobby: Features a uniformed security guard.
  • 24-Hour Access: Ensures round-the-clock accessibility.
  • Lockoff Elevators: Upgraded for efficiency and security.
  • Tenant-Controlled A/C: Available on each floor for personalized climate control.
  • Natural Light: Oversized operable windows provide excellent natural light.
  • Convenient Location: Close proximity to Bryant Park and Grand Central Terminal, with easy access via multiple subway lines (7, B, D, F, M, N, Q, R, W).
  • Recent Renovations: Building lobby updated with new A/C, lighting, and desk.

49 W 38th St, Manhattan, NYC

Located in the Garment District, New York, this building has been a hub for various office tenants.

Notable Tenants

  • Anik Pearson Architect PC - Occupying 743 square feet, they provide professional, scientific, and technical services.
  • Gannon Vitolo Contracting LLC - With 5,000 square feet, they specialize in construction services.

Building Highlights

  • A modern lobby with a uniformed security guard.
  • Tenant-controlled A/C on each floor.
  • Short walking distance to Bryant Park and Grand Central Terminal.
  • Oversized operable windows offering abundant natural light.
  • Convenient access to major subway lines (7, B, D, F, M, N, Q, R, W).

Property Details

  • Year Built: 1924
  • Stories: 16
  • Total Building Size: Approximately 73,600 square feet.
  • Building Class: B

At 49 W 38th St, Manhattan, NYC, several top internet providers serve the area. These include:
  • Verizon: Known for its high-speed Fios service, offering speeds up to 2.3 Gbps, with plans starting at $49.99. It provides fiber-optic connectivity with excellent customer service.
  • Spectrum: Offers a wide range of plans with speeds up to 1 Gbps, starting at around $50. Spectrum provides cable and fiber services across Manhattan.
  • Astound Broadband Powered by RCN: Provides both cable and fiber services, with speeds reaching 1 Gbps. It is known for affordable plans and unlimited data usage.

49 West 38th Street is located in Midtown South, Manhattan, offering easy access to various transportation options. Nearby cross streets include West 38th Street, 6th Avenue, 5th Avenue, and 7th Avenue. Public transportation includes:

  • Subways: Access via the B, D, F, M, N, Q, R, W, 1, 2, 3, A, C, and E trains at nearby stations like Times Square and Herald Square, though not directly on the street.
  • Buses: Several bus routes pass nearby, including the M11 and M34-SBS.
  • Trains: PATH trains and other regional lines are accessible at nearby stations.

The building is close to landmarks such as Bryant Park and Grand Central Terminal.

Office Tenants Rented / Leased 49 West 38th Street
  • Gannon Vitolo Contractin… leased 5,000 SF
  • Ivy Exec leased 1,000 SF
  • Ramapo For Children leased 5,000 SF
  • Walker Consultants leased 5,100 SF
  • Morrison Wagner Morrison leased 2,500 SF
  • Somiya Fashion leased 2,999 SF
  • Axomic leased 4,600 SF
  • Anik Pearson Architect leased 2,500 SF
  • Anik Architecture leased 2,500 SF
  • Ivy Exec Inc. leased 2,800 SF
Nearby Office Tenants Leased
  • Lilker Associates Consulting Engineers leased 24,034 SF at 1001 Avenue of the Americas
  • Pearl Spaces LLC leased 23,500 SF at 500 Eighth Ave
  • ASI System Integration leased 23,050 SF at 48 West 37th St
  • North Fork Bank leased 23,000 SF at 1001 Sixth Ave
  • Pem America, Inc leased 22,574 SF at 70 West 36th St
  • Aec Reprographics leased 21,660 SF at 42 West 39th St
  • The New Dance Group leased 21,000 SF at 575 Eighth Ave
  • blueprint + co leased 20,000 SF at 214 West 39th St
  • WeWork leased 19,150 SF at 224 West 29th St
  • Roundabout Atre Compan… leased 18,201 SF at 231 West 39th Street
Nearby Retail Tenants Leased
  • Udizine leased 2,600 SF at 498 Seventh Ave
  • Taco Bell Cantina leased 2,451 SF at 500 Eighth Avenue
  • Market Crates leased 2,300 SF at 224 West 35th Street
  • NY Fashion & Dress Inc. leased 2,000 SF at 261 West 36th St
  • Republic Clothing Corporation leased 2,000 SF at 1412 Broadway
  • RadioShack leased 2,000 SF at 1357 Broadway
  • Rock & Soul Electronics leased 2,000 SF at 10 West 37th Street
  • Rainbow Nail leased 1,940 SF at 1370 Broadway
  • Pret A Manger leased 1,939 SF at One Penn Plaza
  • Naturalizer leased 1,935 SF at 1460 Broadway

Finnerty Economic Consulting, LLC. Testimonial

Finnerty Economic Consulting, LLC. testimonial To Whom It May Concern: My firm engaged Optimal Spaces when I searched for professional office space in New York City in 2005 and again in 2012 when the first lease expired and we decided to look for better office space in midtown Manhattan. I leased office space at 60 East 42"d Street in 2005 and office space at 122 East 42"d Street in 2012 with Stephen's assistance. When I sold my business to AlixPartners in 2014, I recommended that AlixPartners retain Optimal Spaces to negotiate a termination ofthe lease at 122 East 42"d Street. I worked very closely with Stephen Sunderland, Senior Managing Director of Optimal Spaces, during both searches for office space as well as during the lease termination process. Stephen is very knowledgeable regarding the Manhattan office market. His advice proved crucial in negotiating two leases and securing the lease termination on favorable terms. He made himself available on short notice to view properties, and he identified a range of lease opportunities in various locations at different price points. I was able to benefit from his expertise to find suitable space without extensive searching. I would not hesitate to recommend Stephen Sunderland and his firm to anyone who is searching for office space in Manhattan. Very truly yours, John D. Finnerty Managing Principal

Office Buildings in Penn Plaza/Garment

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Commercial space for lease
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