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Rent/Lease Office 58-64 W 40th St

$ / SF SF Monthly Rent
$ 70.5
$ / SF SF Monthly Rent
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 48
11,700
$ 46,800
Penn Plaza & West 33rd Street $ 42
29,000
$ 100,291
Bryant Park & 6th Avenue $ 60
14,000
$ 70,000
Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 56
3,200
$ 14,800
Broadway & West 41st Street $ 56
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 71
4,300
$ 25,441
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
W 37th St & 6th Avenue $ 34
11,400
$ 31,825
W 37th St & Avenue of America $ 34
10,200
$ 29,325
Broadway & West 37th Street $ 42
11,100
$ 38,850
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
W 40th St & Between West 39th Street $ 38
15,100
$ 47,816
Eighth Ave & West 34th Street $ 54
8,900
$ 40,050
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 48
4,200
$ 16,975
W 37th St & 6th Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 42
2,600
$ 8,991
Broadway & West 37th Street $ 41
6,100
$ 20,841
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 47
2,100
$ 8,225
Tenth Ave & West 37th Street $ 46
2,200
$ 8,525
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
W 36th St & Between 8th Avenue $ 38
2,400
$ 7,600
Address $ / SF SF Monthly Rent
W 35th St & Between West 35th Street $ 33
7,500
$ 20,625
W 37th St & Seventh Avenue $ 30
7,300
$ 18,250
W 30th St & Between West 30th Street $ 30
7,100
$ 17,750
W 36th St & Eight Avenue $ 33
7,800
$ 21,450
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 48
2,500
$ 10,000
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 35th St & Between West 35th Street $ 36
5,300
$ 15,679
W 37th St & Seventh Avenue $ 30
6,800
$ 17,000
W 36th St & Eighth Avenue $ 50
3,700
$ 15,570
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 37th St & Eight Avenue $ 40
3,400
$ 11,333
W 36th St & Avenue of the Americas $ 45
3,400
$ 12,750
W 30th St & Between West 30th Street $ 33
5,000
$ 13,750
Broadway & West 32nd Street $ 46
3,500
$ 13,498
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,000
$ 7,833
W 36th St & Eighth Avenue $ 49
2,400
$ 9,800
W 37th St & Eight Avenue $ 45
1,800
$ 6,750
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
Broadway & West 41st Street $ 70
13,200
$ 77,550
Fifth Ave & West 38th Street $ 56
17,600
$ 82,866
Broadway & West 39th Street $ 59
10,900
$ 53,591
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
W 40th St & Avenue of Americas $ 74
8,500
$ 52,770
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 68
5,500
$ 30,937
W 38th St & Avenue of the Americas $ 56
3,500
$ 16,333
Broadway & West 41st Street $ 66
6,800
$ 37,116
Broadway & West 36th Street $ 66
4,600
$ 25,108
2 & West 31st Street $ 140
5,300
$ 62,054
Fifth Ave & West 38th Street $ 61
3,800
$ 19,316
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 68
2,300
$ 12,937
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Address $ / SF SF Monthly Rent
Eighth Ave & West 36th Street $ 40
7,500
$ 25,312
W 39th St & Eighth Avenue $ 40
7,700
$ 25,666
W 33rd St & Fifth Avenue $ 40
7,100
$ 23,962
Eighth Ave & West 35th Street $ 39
7,100
$ 23,075
Eighth Ave & W 35th Street $ 40
8,000
$ 26,666
W 37th St & Avenue of America $ 46
8,600
$ 33,325
Tenth Ave & West 37th Street $ 50
7,900
$ 32,587
W 36th St & 6th Avenue $ 46
9,600
$ 37,200
Broadway & West 38th Street $ 54
9,500
$ 42,750
Seventh Ave & West 37th Street $ 56
10,300
$ 48,066
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
W 35th St & Avenue of America $ 29
4,400
$ 10,633
Eighth Ave & West 36th Street $ 36
4,700
$ 14,100
Address $ / SF SF Monthly Rent
Eighth Ave & West 36th Street $ 42
2,200
$ 7,700
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
W 38th St & Between West 37th Street $ 35
2,200
$ 6,416
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
Tenth Ave & West 37th Street $ 44
2,200
$ 8,066
W 40th St & Eighth Avenue $ 48
1,900
$ 7,520
Broadway & West 38th Street $ 52
1,900
$ 8,233
7th Ave & Between 7th Avenue $ 57
1,600
$ 7,600
Avenue of the Americas & West 39th Street $ 61
2,300
$ 11,691
Avenue of the Americas & West 31st Street $ 79
2,400
$ 15,800
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 40
8,800
$ 29,700
W 39th St & Eighth Avenue $ 36
9,200
$ 27,600
Eighth Ave & West 36th Street $ 42
16,000
$ 56,000
W 35th St & Seventh Avenue $ 35
7,600
$ 22,166
W 35th St & Between West 35th Street $ 34
7,300
$ 20,683
Eighth Ave & West 39th Street $ 41
11,400
$ 38,950
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 40
3,900
$ 13,000
W 35th St & Eighth Avenue $ 34
3,300
$ 9,212
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Between West 37th Street $ 39
2,700
$ 8,775
Eighth Ave & West 36th Street $ 40
5,800
$ 19,575
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 36
2,300
$ 6,804
W 38th St & Eight Avenue $ 36
2,100
$ 6,380
W 39th St & Eighth Avenue $ 40
1,600
$ 5,266
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 32nd St & Ninth Avenue $ 50
1,800
$ 7,500
W 35th St & Between West 35th Street $ 36
2,100
$ 6,387
W 32nd St & Broadway $ 43
2,100
$ 7,525
W 37th St & Ninth Avenue $ 37
1,900
$ 5,920

Retail Spaces for Rent at 58-64 W 40th St

Rent Retail 58-64 W 40th St

Rent Medical Space at 58-64 W 40th St

Nearby Office Tenants Leased
  • Perry Ellis International leased 96,350 SF at 1120 Sixth Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
  • American Society of Composers, Authors and Publishers leased 85,400 SF at 250 West 57th Street
  • Spring Global leased 80,000 SF at 104 West 40th St
  • Complex Networks leased 80,000 SF at 229 West 43rd Street
  • Kasper leased 77,413 SF at 1412 Broadway
  • Morgan Stanley DW leased 75,440 SF at 1221 Avenue of the Americas
  • Times Square Grey Entert… leased 70,500 SF at 1500 Broadway
  • Ion Media Networks, Inc. leased 68,786 SF at 810 Seventh Ave
  • Nixon Peabody LLP leased 66,297 SF at 55 West 46th Street
Nearby Retail Tenants Leased
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • PF Chang's To Go leased 3,800 SF at 240 West 40th Street
  • Ricky's leased 3,500 SF at 550 Fifth Ave
  • Fossil leased 3,241 SF at 1585 Broadway
  • Pringles leased 3,215 SF at 1450 Broadway
  • Bobby Van's Steakhouse leased 3,150 SF at 120 West 45th St
  • Princi leased 2,864 SF at 1633 Broadway
  • Satya Eastern Kitchen leased 2,700 SF at 750 Eighth Ave
  • Dos Toros leased 2,600 SF at 114 West 41st Street
  • Starbucks leased 2,600 SF at 1700 Broadway
$ / 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 58-64 West 40th Street. This trend is projected to continue. Opportunities for subleases remain available at 58-64 West 40th Street and in the nearby Penn Plaza/Garment neighborhood.
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58-64 West 40th Street nyc
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58-64 West 40th Street Property Overview

Building 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 NameDistance
6 Av/W 40 St1 min walk
10 Av/W 40 St2 min walk
W 42nd St & 6th Ave4 min walk
Nearby Office Tenants Leased
  • Perry Ellis International leased 96,350 SF at 1120 Sixth Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
  • American Society of Composers, Authors and Publishers leased 85,400 SF at 250 West 57th Street
  • Spring Global leased 80,000 SF at 104 West 40th St
  • Complex Networks leased 80,000 SF at 229 West 43rd Street
  • Kasper leased 77,413 SF at 1412 Broadway
  • Morgan Stanley DW leased 75,440 SF at 1221 Avenue of the Americas
  • Times Square Grey Entert… leased 70,500 SF at 1500 Broadway
  • Ion Media Networks, Inc. leased 68,786 SF at 810 Seventh Ave
  • Nixon Peabody LLP leased 66,297 SF at 55 West 46th Street

Nearby Retail Tenants Leased
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • PF Chang's To Go leased 3,800 SF at 240 West 40th Street
  • Ricky's leased 3,500 SF at 550 Fifth Ave
  • Fossil leased 3,241 SF at 1585 Broadway
  • Pringles leased 3,215 SF at 1450 Broadway
  • Bobby Van's Steakhouse leased 3,150 SF at 120 West 45th St
  • Princi leased 2,864 SF at 1633 Broadway
  • Satya Eastern Kitchen leased 2,700 SF at 750 Eighth Ave
  • Dos Toros leased 2,600 SF at 114 West 41st Street
  • Starbucks leased 2,600 SF at 1700 Broadway
Nearby Office Tenants Leased
  • Perry Ellis International leased 96,350 SF at 1120 Sixth Ave
  • W. W. Norton & Company leased 95,000 SF at 500 Fifth Avenue
  • American Society of Composers, Authors and Publishers leased 85,400 SF at 250 West 57th Street
  • Spring Global leased 80,000 SF at 104 West 40th St
  • Complex Networks leased 80,000 SF at 229 West 43rd Street
  • Kasper leased 77,413 SF at 1412 Broadway
  • Morgan Stanley DW leased 75,440 SF at 1221 Avenue of the Americas
  • Times Square Grey Entert… leased 70,500 SF at 1500 Broadway
  • Ion Media Networks, Inc. leased 68,786 SF at 810 Seventh Ave
  • Nixon Peabody LLP leased 66,297 SF at 55 West 46th Street
Nearby Retail Tenants Leased
  • Pret A Manger leased 3,889 SF at 1071 Avenue of the Americas
  • PF Chang's To Go leased 3,800 SF at 240 West 40th Street
  • Ricky's leased 3,500 SF at 550 Fifth Ave
  • Fossil leased 3,241 SF at 1585 Broadway
  • Pringles leased 3,215 SF at 1450 Broadway
  • Bobby Van's Steakhouse leased 3,150 SF at 120 West 45th St
  • Princi leased 2,864 SF at 1633 Broadway
  • Satya Eastern Kitchen leased 2,700 SF at 750 Eighth Ave
  • Dos Toros leased 2,600 SF at 114 West 41st Street
  • Starbucks leased 2,600 SF at 1700 Broadway

C2 Media Testimonial

C2 Media testimonial To Whom It May Concern: I would like to highly commend Robert King for his professional assistance in helping me locate a new corporate office. Locating the right space takes time, and I was impressed with Robert’s patience not only with myself but with my overseas executives. He never tired of our endless meetings and requests. We found a space we love. And in spite of us concluding our deal, Robert every so often comes by to chat and make sure all is going well professionably and personally. I enthusiastically recommend Robert and Optimal Spaces to anyone looking for space in New York City. Sincerely, Evelyn Pabon Product and Sales Manager C2 Inc. - Contempo Group
🤝
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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