| Bulding Address: | 58-64 W 40th St, New York NY 10018 |
| Building Name: | Banks Building |
| Building Alternate address: | 58-64 W 40th St |
| Zip Code: | 10018 |
| Neighborhood: | Penn Plaza/Garment |
| Borough: | Manhattan |
| Stories: | 16 |
| Year Built: | 1921 |
| Building Class: | B |
| Block & lot: | 00841-0081 |
58-64 West 40th Street, located in Manhattan's Garment District near Bryant Park and the New York Public Library, is a notable office building constructed in 1921. This 16-story tall building was developed during a period of significant transformation in Midtown Manhattan, when smaller residential brownstone row houses were replaced by larger commercial structures, reflecting the area's evolution into a business and cultural hub.
The building is situated in a vibrant district characterized by an architectural mix that includes historic landmarks like the nearby American Radiator Building and the Engineers' Club Building. These neighboring structures highlight the early 20th-century shift from residential to commercial development, influenced by changing zoning laws and the growth of business organizations.
Classified as a Class B office building, 58-64 West 40th Street encompasses approximately 99,000 square feet and sits on a 7,308 square foot lot. Over its century-long history, it has been part of the dynamic commercial fabric of Midtown, serving various office tenants and benefiting from proximity to multiple transit options, including subway lines 1, 3, 5, 7, B, and F, as well as bus routes and nearby train stations.
Throughout its existence, the building has reflected the broader trends in Manhattan real estate, balancing its historic architectural presence with the demands of a modern commercial environment.
58-64 West 40th Street, Manhattan, NYC
58-64 West 40th Street is a notable office building located in Manhattan's Garment District, Midtown, New York City, with ZIP code 10018.
Property Overview
- Building Name: Banks Building
- Address: 58 West 40th Street and 58-64 West 40th Street, New York, NY 10018
- Neighborhood: Garment District / Penn Plaza
- Borough: Manhattan
- Year Built: 1921
- Building Class: Class B Office Building
- Stories: 16
- Lot Size: Approximately 7,308 sq ft
- Building Size: Approximately 99,058 sq ft
Location Highlights
The building is situated directly across from Bryant Park and the New York Public Library, offering beautiful views and easy access to one of Manhattan's key green spaces.
Transportation Options
- Nearest Subway Stations: 6th Avenue & 40th Street (Lines B, D, F, M, 7)
- Other Nearby Subway Lines: 1, 3, 5 also service nearby areas
- Bus Lines: M5, M42, 108, BXM4, M1
- Nearest Train Station: 33rd Street (3-minute walk; Lines: FAR ROCKAWAY BRANCH, HARLEM, PATH)
Internet Providers
| Provider |
Technology |
Max Download Speed |
Max Upload Speed |
| Lightower |
Fiber |
10 Gb/s |
10 Gb/s |
| Level 3 Communications |
Fiber |
10 Gb/s |
10 Gb/s |
| Cablevision/Lightpath |
Fiber |
10 Gb/s |
10 Gb/s |
Building and Tax Information
- Tax Class: Office with Commercial, 7-19 Stories (O6)
- Estimated Property Tax (2024-2025): $1,590,209
- Market Value (Tax Assessor): $33,656,000
- Assessed Value: $15,145,200
58-64 W 40th St Building Amenities
- High Ceilings
- Energy Performance Rating - A
- Central Air and Heating
- Beautiful Central Views of Bryant Park
- Open-Plan Layout
- Private Restrooms
- Natural Light
- Print/Copy Room
- Plug & Play
- Exposed Ceilings
- Emergency Lighting
- Top Internet Providers
- Convenient Location Near Public Transportation
Office Tenants Rented / Leased at 58-64 W 40th St, Manhattan, NYC
58-64 West 40th Street, also known as The Banks Building, is a 16-story office building located in the Penn Plaza/Garment neighborhood of Manhattan, NYC. The building offers Class B office spaces with modern amenities and proximity to Bryant Park and New York Public Library.
Current Leased Office Spaces
| Space |
Size |
Term |
Rental Rate |
Space Use |
Available |
| 4th Floor, Suite Entire |
7,746 SF |
Negotiable |
Upon Request |
Office |
Now |
| 11th Floor, Suite Entire |
6,279 SF |
Negotiable |
Upon Request |
Office |
Now |
Notable Tenants
- Dynata
- Rightpoint
- Reidy Contracting
- OpenReel
- FedEx Office Print & Ship Center
Building Highlights & Amenities
- Location directly across from Bryant Park and the New York Public Library
- Plug & Play office spaces
- Central air and heating
- Private restrooms
- High ceilings and abundant natural light
- Print/Copy rooms on floors
- Energy Performance Rating - A
- Mostly open floor plans and beautiful central views
- Access to top internet providers with fiber speeds up to 10 Gb/s
- Convenient access to multiple subway lines (1,3,5,7,B,F) and bus routes
Internet providers available at 58-64 W 40th St, Manhattan, NYC include:
- Lightower: Offers fiber internet with speeds up to 10 Gb/s for both download and upload.
- Level 3 Communications: Provides fiber internet with speeds up to 10 Gb/s for both download and upload.
- Cablevision/Lightpath: Offers fiber internet with speeds up to 10 Gb/s for both download and upload.
Transportation for 58-64 W 40th St, Manhattan, NYC
Cross Streets
Bryant Park and New York Public Library are directly across from the building.
Primary cross streets: 5th-6th Avenues on north-south axes.
Public Transit Options
- Subway: 34 St-Hudson Yards (8 min walk), 42 St-Port Authority Bus Terminal (8 min walk) - Lines 3, A, E, Q, R
- Bus: M20, M42 at 10 Av/W 40 St (2 min walk); M1, M4, M5 at 6 Av/W 40 St (1 min walk)
- Train: PATH, Port Jefferson Branch, Babylon Branch via nearby stations
- Ferry: SG line (nearest dock specifics not listed)
Nearest Bus Stops
| Stop Name | Distance |
|---|
| 6 Av/W 40 St | 1 min walk |
| 10 Av/W 40 St | 2 min walk |
| W 42nd St & 6th Ave | 4 min walk |
