124 East 40th Street

Direct Office Spaces for Rent

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
Lexington Ave & East 40th Street $ 39 2,300 $ 7,475
Lexington Ave & Between East 39th Street $ 46 1,900 $ 7,322
Lexington Ave & East 41st Street $ 74 1,600 $ 9,800
Journal Sq & East 41st Street $ 32 1,800 $ 4,800
E 40th St & Park Avenue $ 47 2,600 $ 10,183
Lafayette St & East 41st Street $ 55 1,700 $ 7,791
Address $ / SF SF Monthly Rent
Park Ave & East 39th Street $ 55 4,700 $ 21,541
Park Ave & East 41st Avenue $ 105 3,100 $ 27,125
Park Ave & East 40th Street $ 75 3,200 $ 20,013
Address $ / SF SF Monthly Rent

Sublease Office Spaces for Rent

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Coworking Office Spaces for Rent

Type of Space Class A Class B Class C
Windowed office/person $ 2,500/mo $ 1,500/mo $ 1,000/mo
Interior office/person $ 1,500/mo $ 1,000/mo $ 700/mo
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VSA Consulting Group Testimonial

VSA Consulting Group testimonial

124 East 40th Street

124 East 40th Street, located in the Grand Central neighborhood of Manhattan, is an 11-story office building offering 49,324 square feet of Class C office space for rent. There are various lease options available, ranging from small to large spaces. While coworking options are not currently available within the building, we can assist you in finding the best deals on coworking spaces without any additional fees. It is also possible to find sublease options for 124 East 40th Street.

Constructed in 1923, this building is conveniently located near several transportation options. The Grand Central-42 Street Subway Station is just a 4-minute walk away, providing access to the 4, 42 St Shuttle, 5, 6, and 7 train lines. The 5 Avenue-Bryant Park Subway Station is within an 8-minute walk and offers access to the 7 train line. The 33 Street Subway Station and 51 Street Subway Station are 9 and 12-minute walks respectively, granting access to the 4 and 6 train lines. Additionally, the 42 Street-Bryant Park Subway Station is a 12-minute walk away and provides access to the B, D, F, and M train lines.

If you are considering leasing office space at 124 East 40th Street, it is important to note that the average office rent in 2019 was $50.14 per square foot. However, in 2020, it increased significantly to $540.4 per square foot in line with market trends. Feel free to contact us to explore the best leasing options that align with your specific office space requirements.

124 East 40th Street Property Overview

Bulding Address: 124 E 40th St
Building Alternate address(es): 124 E 40th St
Zip Code:10016
Neighborhood:Grand Central
Borough:Manhattan
Stories:11
Year Built:1923
Building Class:C
Block & lot:00895-0078

Map Location


Nearby Office Tenants Leased
  • Duval & Stachenfeld leased 33,000 SF at 101 Park Ave
  • The Alzheimer's Association leased 30,420 SF at 360 Lexington Ave
  • Hypo RE Capital leased 9,500 SF at 622 Third Ave
  • Panama Maritime Authority leased 5,588 SF at 369 Lexington Ave
  • Touchstorm LLC leased 5,500 SF at 355 Lexington Ave
  • Vanderburgh & Co. Inc. leased 2,648 SF at 99 Park Ave
  • The Phoenix Group Associates leased 2,556 SF at 370 Lexington Ave
  • Dr. Enrico Fazzini leased 1,860 SF at 353 Lexington Ave

Nearby Retail Tenants Leased
  • Zengo leased 17,000 SF at 622 Third Ave
  • Hale and Hearty leased 1,800 SF at 369 Lexington Ave
  • Nooi leased 1,700 SF at 370 Lexington Ave

Office Rent 124 East 40th Street Average

Year $ / SF
2019 50.14
Year $ / SF
2018 13.33
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