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Rent Office 5 East 38th Street

$ / 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
5th Ave & East 44th Street $ 70
9,600
$ 56,400
Park Ave & East 45th Street $ 99
9,700
$ 80,025
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 54
12,900
$ 57,512
Address $ / SF SF Monthly Rent
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
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
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
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 $ 2100 $ 2211 $ 775
Interior office/person $ 1350 $ 1711 $ 525
Team Rooms $ 10100 $ 8961 $ 5025
Suites $ 20100 $ 12961 $ 7025

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
$ 83,187
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 39th Street $ 70
4,700
$ 27,416
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 $ 67
14,600
$ 81,516
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 $ 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
E 44th St & Third Avenue $ 48
4,500
$ 18,000
Madison Ave & East 40th Street $ 74
3,900
$ 24,212
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
E 45th St & Fifth Avenue $ 55
3,800
$ 17,416
Madison Ave & East 40th Street $ 56
6,900
$ 32,200
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 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
Lexington Ave & East 44th Street $ 55
1,500
$ 6,875
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 $ 86
9,200
$ 65,550
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
Tenant Broker’s Perspective: office buildings being demolished or converted to residential 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 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.


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Optimal Spaces can help you turn critical and complex real estate issues into opportunities for growth and or cost reduction. We offer the experience, know-how, and the strategic planning that helps lead to better decisions. Virtually everything you need to enhance the value of your business (for profit and not for profit) , you will find at Optimal Spaces.

About Optimal Spaces
Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.

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