Situated in the vibrant Penn Plaza/Garment neighborhood in Manhattan, 58-64 West 40th Street is a 16-story office building specifically designed to facilitate efficient business operations. Offering a total of 120,000 square feet of office space for lease, this historic Class B building was constructed in 1921 and provides tenants of all sizes with a range of high-quality facility options. Although coworking spaces are not currently available within the building, we have the capability to negotiate favorable deals for coworking alternatives in nearby locations without incurring any fees.
With multiple fiber providers such as Lightower, Level 3 Communications, and Cablevision/Lightpath, the building is well-equipped to meet the evolving demands of growing businesses. Additionally, there may be sublease options available in conjunction with the leasing options provided by neighboring office buildings.
As of 2022, the average rental price for office space at 58-64 West 40th Street amounts to $60.0 per square foot. The building benefits from excellent transportation access, with convenient proximity to various transit lines including the B, D, F, M, N, Q, and R trains. These subway stations, such as 42 Street-Bryant Park, 5 Avenue-Bryant Park, Times Square-42 Street, and 34 Street-Herald Square, can be reached within a few minutes' walk. Additionally, the 33 St Subway Station grants easy access to the PATH Transit Stop train lines.
58-64 West 40th Street Property Overview
Bulding Address: | 58-64 W 40th St |
Bulding Name: | Banks Building |
Building Alternate address(es): | 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 |
Internet Providers at 58-64 West 40th Street
Internet 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 |
Nearby Office Tenants Leased- Schroders leased 74,000 SF at 7 Bryant Park
- New World Travel, Inc. leased 12,007 SF at 1040 Avenue of the Americas
- XP Securities leased 7,558 SF at 5 Bryant Park
Nearby Retail Tenants Leased- Libby Interiors leased 1,600 SF at 1032 Avenue of the Americas
- La Colombe Coffee Roasters leased 1,481 SF at 7 Bryant Park