Located in the well-known Grand Central area of Manhattan, 16 East 40th Street is a 12-story office building that provides an impressive 96,182 square feet of Class B office space available for lease. Constructed in 1911, the building is currently occupied by prominent fiber connectivity providers like Verizon New York, Level 3 Communications, Cablevision/Lightpath, and Cogent Communications. Prospective tenants have a variety of options to choose from, including small, medium, and large coworking spaces or subleasing arrangements. With multiple subway lines nearby, such as 5 Avenue-Bryant Park, Grand Central-42 Street, 42 Street-Bryant Park, 33 Street, and 34 Street-Herald Square stations, commuting is convenient. It's important to note that the rental rate for office spaces in 2021 is $41 per square foot, which does not accurately reflect the current market trends.