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Rent/Lease Office 5 E 38th St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 65
13,500
$ 73,125
E 42nd St & Lexington Avenue $ 41
55,700
$ 190,308
5th Ave & East 44th Street $ 69
9,600
$ 55,200
Park Ave & East 45th Street $ 99
9,700
$ 80,025
Third Ave & East 39th Street $ 36
49,100
$ 147,300
Lexington Ave & East 43rd Street $ 54
12,900
$ 57,512
Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 54
3,500
$ 15,895
Park Ave & East 40th Street $ 67
4,300
$ 24,008
Lexington Ave & East 41st Street $ 64
3,800
$ 20,266
5th Ave & East 44th Street $ 70
7,000
$ 40,541
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Park Ave & East 40th Street $ 66
2,000
$ 10,916
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 26
7,300
$ 15,664
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 59
4,200
$ 20,737
Fifth Ave & East 45th Street $ 55
3,400
$ 15,583
Lexington Ave & East 41st Street $ 26
5,600
$ 12,016
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
E 42nd St & Lexington Avenue $ 50
4,800
$ 20,200
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 41st St & Fifth Avenue $ 48
2,700
$ 10,800
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Lexington Ave & East 40th Street $ 42
2,100
$ 7,262
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Tipo di spazio Classe A/mese Classe B/mese Classe C/mese
Ufficio con finestra/persona
Ufficio interno/persona
Sale per team
Suite

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
E 40th St & Fifth Avenue $ 70
8,100
$ 47,250
Park Ave & East 41st Avenue $ 175
12,200
$ 177,916
Third Ave & East 46th Street $ 82
12,100
$ 82,683
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Address $ / SF SF Monthly Rent
E 40th St & Fifth Avenue $ 86
3,400
$ 24,366
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
E 44th St & East 44th Street $ 82
2,300
$ 15,716
E 45th St & Lexington Avenue $ 75
2,400
$ 15,000
Lexington Ave & East 42nd Street $ 61
1,500
$ 7,625
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Park Ave & East 41st Street $ 85
2,300
$ 16,291
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 66
14,600
$ 80,908
Vanderbilt Ave & East 44th Street $ 80
8,100
$ 54,000
E 42nd St & Park Avenue $ 59
9,700
$ 47,691
Fifth Ave & East 42nd Street $ 58
7,400
$ 35,766
E 44th St & Third Avenue $ 59
8,400
$ 41,300
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
Address $ / SF SF Monthly Rent
Madison Ave & East 41st Avenue $ 57
5,700
$ 27,075
Madison Ave & East 40th Street $ 76
3,600
$ 22,800
Vanderbilt Ave & East 44th Street $ 51
4,000
$ 17,000
Second Ave & East 43rd Street $ 57
4,800
$ 22,800
Madison Ave & East 39th Street $ 51
2,700
$ 11,475
Lexington Ave & East 41st Street $ 61
3,700
$ 18,808
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Fifth Ave & East 42nd Street $ 61
3,800
$ 19,316
Madison Ave & East 40th Street $ 45
3,500
$ 13,125
E 44th St & Third Avenue $ 48
4,500
$ 18,000
Madison Ave & East 40th Street $ 55
2,500
$ 11,458
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 65
1,700
$ 9,208
Second Ave & East 43rd Street $ 57
2,300
$ 10,925
Madison Ave & East 39th Street $ 50
1,900
$ 7,916
Fifth Ave & East 42nd Street $ 60
1,600
$ 8,000
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
E 42nd St & Madison Avenue $ 70
2,100
$ 12,162
E 42nd St & Lexington Avenue $ 59
2,200
$ 10,816
E 44th St & Fifth Avenue $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 40
7,900
$ 26,662
Fifth Ave & Between East 42nd Street $ 85
9,200
$ 65,166
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
3,000
$ 12,375
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 42,250
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 48
1,600
$ 6,466

Retail Spaces for Rent at 5 E 38th St

Rent Retail 5 E 38th St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Rent Medical Space at 5 E 38th St

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / 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 5 East 38th Street. This trend is projected to continue. Opportunities for subleases remain available at 5 East 38th Street and in the nearby Grand Central neighborhood.
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5 East 38th Street nyc
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5 East 38th Street Property Overview

Building Address: 5 E 38th St, New York NY 10016
Building Alternate Address: 5 E 38th St
Zip Code:10016
Neighborhood:Grand Central
Borough:Manhattan
Stories:12
Year Built:1920
Building Class:B
Block & lot:00868-0008

5 East 38th Street, located in the heart of Manhattan, is a significant commercial building with a rich history dating back to 1920. Constructed during a period of rapid urban development, this 12-story structure was designed to meet the needs of the growing business community in Midtown South.

As a Class B office space, it has been utilized by various businesses over the years, offering a strategic location close to Grand Central, a hub of transportation and commercial activity in New York City. The building's historical context is intertwined with the broader development of Manhattan, where early 20th-century construction projects like this one contributed to the city's evolving skyline and urban landscape.

Today, 5 East 38th Street stands as part of the vibrant tapestry of New York City's architectural heritage, embodying the blend of historical significance and modern functionality that defines much of Manhattan's commercial districts.

5 E 38th St, Manhattan, NYC

Also known as 5 East 38th Street, this property is located in the Murray Hill neighborhood.

  • Building Year: 1920
  • Stories: 12
  • Neighborhood: Murray Hill/Grand Central
  • Borough: Manhattan

Building Amenities at 5 E 38th St, Manhattan, NYC

This elegant elevator building offers the following amenities to enhance residents' comfort and convenience:

  • Full-time doorman service
  • On-site laundry facilities
  • Pet-friendly environment (dogs and cats allowed)
  • Walk-in closets in units
  • Glamorous elevator access
  • Convenient location close to transportation and grocery stores

5 East 38th Street, Manhattan, NYC - Office Tenants Rented / Leased

5 East 38th Street is a 12-story commercial office building located in the Grand Central neighborhood of Midtown South, Manhattan. Built in 1920, it is classified as a Class B building with 28 units available for lease or rent.

The building offers a variety of office spaces including windowed and interior offices across different classes with monthly rents ranging approximately:

  • Windowed office/person: $750 to $2,000
  • Interior office/person: $500 to $1,250

Features include full-time doorman service and on-site laundry, with spaces suitable for studios and convertible 1-bedroom office layouts.

Notable current tenants include co-working spaces and specialized institutes, supporting a dynamic office environment for various business needs.


At 5 E 38th St, Manhattan, NYC, several internet providers offer services to residents and businesses. Here are some of the top internet providers in that area:

Verizon Fios is known for its high speeds, ranging from 300 Mbps to 2.3 Gbps, making it an excellent choice for those needing fast connections. It offers fiber service, which is highly reliable and popular among consumers.

Astound Broadband Powered by RCN provides both cable and fiber options, with speeds reaching up to 1.5 Gbps. Their fiber service has expanded significantly, offering unlimited data usage in all plans.

Spectrum offers cable internet with speeds up to 1 Gbps. It is widely available across Manhattan, making it a convenient option for many residents.


Transportation Near 5 E 38th St, Manhattan, NYC

5 East 38th Street is located in Midtown Manhattan, near Grand Central Station and several key public transportation options.

Subway

  • Nearest subway stations:
    • 33 St Station – about a 9-minute walk away
    • Grand Central-42 St Station – about a 7-8 minute walk
  • Subway lines serving the area include: 4, 5, 6, 7, and S (Shuttle).

Bus

Bus lines operating near 5 E 38th St include:

  • M15 and M15-SBS
  • M42
  • QM32, QM40
  • BXM4, M102 (along 2nd Avenue nearby)

Nearby bus stops within a few minutes’ walk are:

  • 1 Av/E 39 St (2 min walk)
  • 2 Av/E 39 St (4 min walk)
  • 3 Av/E 38 St (3 min walk)
  • E 42 St/1 Av and E 42 St/2 Av (5 min walk)

Train

  • Nearby train stations: Grand Central Terminal, approximately a 14-minute walk
  • Train lines serving nearby stations: Harlem, Hudson, Port Washington, Far Rockaway branches, PATH

Cross Streets

5 E 38th Street is situated between 5th Avenue and Madison Avenue, close to 1st and 2nd Avenues along East 38th Street.


Abrams Garfinkel & Rosen Testimonial

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
🤝
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.
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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?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
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.

Office Buildings by Class in Grand Central

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Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
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