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Rent/Lease Office 5 E 38th St

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 $ 40
55,700
$ 185,666
5th Ave & East 44th Street $ 70
9,600
$ 56,400
Park Ave & East 45th Street $ 98
9,700
$ 79,216
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 55
12,900
$ 59,125
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street $ 66
4,300
$ 23,650
Lexington Ave & East 41st Street $ 63
3,800
$ 19,950
5th Ave & East 44th Street $ 71
7,000
$ 41,416
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Fifth Ave & East 44th Street $ 50
3,300
$ 13,750
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Park Ave & East 40th Street $ 68
2,000
$ 11,250
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 25
7,300
$ 15,056
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street $ 59
4,200
$ 20,562
Fifth Ave & East 45th Street $ 54
3,400
$ 15,300
Lexington Ave & East 41st Street $ 27
5,600
$ 12,716
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
E 42nd St & Lexington Avenue $ 52
4,800
$ 20,800
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 41st St & Fifth Avenue $ 47
2,700
$ 10,575
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Lexington Ave & East 40th Street $ 41
2,100
$ 7,175
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF 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 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 $ 81
12,100
$ 81,675
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Address $ / SF SF Monthly Rent
E 40th St & Fifth Avenue $ 70
6,400
$ 37,333
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Third Ave & East 40th Street $ 63
3,600
$ 18,900
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
$ 79,691
Vanderbilt Ave & East 44th Street $ 79
8,100
$ 53,325
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 $ 58
8,400
$ 40,600
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
Address $ / SF SF Monthly Rent
Madison Ave & East 41st Avenue $ 56
5,700
$ 26,600
Madison Ave & East 40th Street $ 75
3,600
$ 22,500
Vanderbilt Ave & East 44th Street $ 50
4,000
$ 16,666
Second Ave & East 43rd Street $ 56
4,800
$ 22,400
Madison Ave & East 39th Street $ 50
2,700
$ 11,250
Lexington Ave & East 41st Street $ 60
3,700
$ 18,500
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Fifth Ave & East 42nd Street $ 60
3,800
$ 19,000
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 $ 67
1,700
$ 9,491
Second Ave & East 43rd Street $ 59
2,300
$ 11,308
Madison Ave & East 39th Street $ 52
1,900
$ 8,233
Fifth Ave & East 42nd Street $ 60
1,600
$ 8,000
Madison Ave & East 40th Street $ 60
2,400
$ 12,000
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
E 42nd St & Madison Avenue $ 69
2,100
$ 12,075
E 42nd St & Lexington Avenue $ 61
2,200
$ 11,183
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
$ 26,004
Fifth Ave & Between East 42nd Street $ 84
9,200
$ 64,400
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 48
3,000
$ 12,125
Fifth Ave & Between East 42nd Street $ 84
6,000
$ 41,750
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
1,600
$ 6,733

Retail Spaces for Rent at 5 E 38th St

Rent Retail 5 E 38th St

Rent Medical Space at 5 E 38th St

Nearby Office Tenants Leased
  • BDO Seidman leased 121,441 SF at 100 Park Ave
  • The United Nations leased 120,000 SF at 730 Third Ave
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • WeWork leased 115,000 SF at 149 Madison Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Bonnier Corp. leased 100,750 SF at 2 Park Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
Nearby Retail Tenants Leased
  • Le Pain Quotidien leased 6,050 SF at 3 Park Ave
  • Brooks Brothers leased 6,000 SF at 11 East 44th St
  • National Basketball Association leased 6,000 SF at 590 Fifth Ave
  • Designer Bargain Store leased 5,800 SF at 417 Fifth Ave
  • Fine & Rare leased 5,702 SF at 9 East 37th Street
  • Lex Dees Stores Inc. leased 5,372 SF at 420 Lexington Ave
  • Sephora leased 5,316 SF at 300 Madison Avenue
  • Wells Fargo leased 4,700 SF at 535 Madison Avenue
  • Joseph Abboud leased 4,600 SF at 424 Madison Ave
  • Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave
$ / 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.

Nearby Office Tenants Leased
  • BDO Seidman leased 121,441 SF at 100 Park Ave
  • The United Nations leased 120,000 SF at 730 Third Ave
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • WeWork leased 115,000 SF at 149 Madison Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Bonnier Corp. leased 100,750 SF at 2 Park Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave

Nearby Retail Tenants Leased
  • Le Pain Quotidien leased 6,050 SF at 3 Park Ave
  • Brooks Brothers leased 6,000 SF at 11 East 44th St
  • National Basketball Association leased 6,000 SF at 590 Fifth Ave
  • Designer Bargain Store leased 5,800 SF at 417 Fifth Ave
  • Fine & Rare leased 5,702 SF at 9 East 37th Street
  • Lex Dees Stores Inc. leased 5,372 SF at 420 Lexington Ave
  • Sephora leased 5,316 SF at 300 Madison Avenue
  • Wells Fargo leased 4,700 SF at 535 Madison Avenue
  • Joseph Abboud leased 4,600 SF at 424 Madison Ave
  • Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave
Nearby Office Tenants Leased
  • BDO Seidman leased 121,441 SF at 100 Park Ave
  • The United Nations leased 120,000 SF at 730 Third Ave
  • Convene leased 116,000 SF at 530 Fifth Avenue
  • WeWork leased 115,000 SF at 149 Madison Avenue
  • McLaughlin & Stern leased 112,000 SF at 260 Madison Avenue
  • TBWA Worldwide leased 107,308 SF at 488 Madison Ave
  • KPMG LLP leased 102,979 SF at 560 Lexington Ave
  • Bonnier Corp. leased 100,750 SF at 2 Park Ave
  • Crain Communications leased 100,000 SF at 711 Third Ave
  • Pernod Ricard USA, Inc. leased 97,444 SF at 250 Park Ave
Nearby Retail Tenants Leased
  • Le Pain Quotidien leased 6,050 SF at 3 Park Ave
  • Brooks Brothers leased 6,000 SF at 11 East 44th St
  • National Basketball Association leased 6,000 SF at 590 Fifth Ave
  • Designer Bargain Store leased 5,800 SF at 417 Fifth Ave
  • Fine & Rare leased 5,702 SF at 9 East 37th Street
  • Lex Dees Stores Inc. leased 5,372 SF at 420 Lexington Ave
  • Sephora leased 5,316 SF at 300 Madison Avenue
  • Wells Fargo leased 4,700 SF at 535 Madison Avenue
  • Joseph Abboud leased 4,600 SF at 424 Madison Ave
  • Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave

Onsite Networks Testimonial

Onsite Networks testimonial I am writing in recognition of the quality service provided by Optimal Spaces Inc. and Stephen Sunderland in finding us a sublease at 41 Madison Avenue. We strongly recommend them for the excellent job they did. They were efficient and responsive in locating spaces that met our needs and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted. I look forward to working with the team at Optimal Spaces Inc. again. Very truly yours, Dennis Jules Kessler Chief Financial Officer On Site Networks, Inc
🤝
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.
🗂️
Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
🐷
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.
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Commercial space for lease
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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