Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 57 West 38th Street. This trend is projected to continue. Opportunities for subleases remain available at 57 West 38th Street and in the nearby Penn Plaza/Garment neighborhood.
57 West 38th Street in Manhattan, NYC, is a 12-story building located in the heart of the Garment District. The structure was built in 1915, although some sources suggest it was completed in 1914 by the architectural firm Rouse & Goldstone.
The building is situated midblock on 38th Street between Fifth and Sixth Avenues, offering a prime location amidst one of New York City's most vibrant business and retail areas. Its historic presence in Midtown highlights the architectural and cultural heritage of the early 20th century in the city.
Address Details
Description
Address: 57 W 38th St, New York, NY 10018
Located in the Garment District of Midtown Manhattan.
Property Details
12-story building built in 1915 with a total of 66,282 square feet.
Usage
Commercial units with a designated use under the M1-6 zoning code, allowing for commercial and industrial uses.
Grand Entrance with minimal columns
Two existing HVAC units
Ventilation capabilities
Legal lower level
High ceilings in various spaces
Modern attended lobby
Vaulted ceilings in common areas
Recently renovated common areas
24/7 secure access
Thermopane windows with sound insulation
Contemporary drop ceiling with recessed lighting
57 W 38th St, Manhattan
No specific tenant details available for currently leased office spaces. Prospective tenants should contact building management directly.
Office Space Classifications
Type
Class A
Class B
Class C
Windowed office/person
$2,000/mo
$1,250/mo
$750-$1,000/mo
Interior office/person
$1,250/mo
$750/mo
$500/mo
Building Specifications
Address: 57 W 38th St
Neighborhood: Penn Plaza/Garment District
Year Built: 1915
Stories: 12
Building Class: B
Historical Pricing
Year
Price/SF
2018
$48.00
2019
$47.43
2020
$36.75
2022
$33.20
Internet Providers at 57 W 38th St, Manhattan, NYC
The following high-speed internet service providers offer coverage at 57 West 38th Street in Manhattan, New York City.
Verizon Fios: Provides reliable fiber-optic internet services with speeds up to 2.3 Gbps.
Earthlink: Fiber service available with speeds up to 1,874 Mbps.
Spectrum: Offers cable internet with speeds up to 1,000 Mbps and no data caps.
AT&T U-verse: DSL and fiber internet options with download speeds up to 1 Gbps.
RCN: Fiber-optic internet with plans offering speeds up to 1,000 Mbps.
Astound Broadband: Fiber internet reaching speeds up to 1,500 Mbps.
T-Mobile Home Internet: Fixed wireless service with coverage in the area and speeds up to 100 Mbps.
For transportation to 57 W 38th St, Manhattan, NYC, the nearest options include:
Bus Stops:
9 Av/W 40 St - a 2-minute walk
Lincoln Tnl App/Lincoln Tnl App - a 3-minute walk
W 40th St & 9th Ave - a 3-minute walk
Port Authority Bus Terminal - a 3-minute walk
8 Av/W 37 St - a 3-minute walk
Subway Stations:
34 St-Penn Station - a 1-minute walk
34 St-Hudson Yards - a 9-minute walk
Bus Routes:
M34A-SBS
108, 119, 158, 34TH ST, 42ND ST
Cross Streets:
6th Avenue
5th Avenue (a short walk east)
RZO Advisory Group Testimonial
To Whom It May Concern:
Steve Sunderland acted as our real estate broker in relocation of this firm's 12,000 square feet of office space. While that may seem like a relatively easy task, given our requirements, it was anything but.
After giving Mr. Sunderland a prospective location radius of onlny three blocks and a request for 75% of the offices to be windowed, he took us to numerous potential locations. Much to our surprise and delight, no visit was ever a waste of our time. Mr. Sunderland knew what he wanted and needed. He never showed us properties that would not work for the firm.
After several weeks of searching, our situation caused us to put our search on hold. It was a couple of years before we resumed. I'm happy to say that Mr. Sunderland picked up with the same enthusiasm he had previously shown.
Even after we had signed our new lease, Mr. Sunderland stayed in touch with us as well as our landlord to be sure that our work letter was adhered to.
If you are looking for commercial space, I could not give Mr. Sunderland a higher recommendation. He was courteous and always professional throughout a long and sometimes difficult process.
If you wish to contact me, please feel free to call at the number above.
Sincerely,
William Zysblat
🤝
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
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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?
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.
