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Best value spaces in Grand Central


16 East 40th Street
New York, NY 10016
United States
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16 East 40th Street an office and retail building featuring 7,800 square foot floors historically leased to tenants seeking full floor identity with immediate access to Grand Central Station, major corporations, cultural activities and the other major transportation hubs that make up the core of Midtown Manhattan. The building is situated on a block-through site that is accessible from both 39th and 40th Streets. The single retail tenant has its own separate entrances from both sides, capturing the high volume of pedestrian traffic in the area. Prime Midtown location or for an investor/developer seeking to reposition the property to accommodate smaller tenants that typically pay higher rents for strategic locations. Alternatively, the property could converted to a boutique hotel. Built in 1911, capital improvements have been completed to key elements of the building's infrastructure. These include increased electrical service for the major tenant, a major refurbishing of the property's three elevators including converting the freight elevator on 39th Street to a fully


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