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1040 Avenue Of The Americas

Midtown East

New York, NY 10018

  • 100 - 12,007 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • 24/7 Access✔︎
  • Walk Score®100

Standing 23 floors high in the heart of the Garment District, 1040 Avenue Of The Americas features a new lobby, key-card access, and an on-site Starbucks. The building, which is also known as the Millinery Building, was constructed in 1927.
As the name would suggest, the Garment District is home to many luxury clothing and accessory stores, such as Louis Vuitton and Burberry. 1040 Avenue Of The Americas is also located close to New York landmarks such as the flagship building for the public library and Madison Square Garden. If you’re looking for a quick break from city life, head to Bryant Park for a breath of fresh air. Another advantage of leasing at 1040 Avenue Of The Americas is that transportation is a breeze since Penn Station and two major subway lines are located just a few blocks away.

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  • Availability

    UnitSizePriceInquire
    Executive Suite100 sqftInquire for pricing
    15th Floor2,134 sqftInquire for pricing
    9th Floor2,950 sqftInquire for pricing
    Partial 14th Floor3,812 sqftInquire for pricing
    12th Floor3,950 sqftInquire for pricing
    16th Floor4,250 sqftInquire for pricing
    16th Floor - Suite7,487 sqftInquire for pricing
    Office Space8,285 sqftInquire for pricing
    Entire 21st Floor8,285 sqftInquire for pricing
    21st Floor8,290 sqftInquire for pricing
    Entire 19th Floor9,739 sqftInquire for pricing
    Office Space12,007 sqftInquire for pricing
    8th Suite12,007 sqftInquire for pricing
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    Neighborhood

    Midtown East

    Midtown East, an area of Midtown, is a popular office space location, especially for consulting firms, financial services firms, media companies, and hedge funds. Located near many of Manhattan’s most iconic landmarks, the area is not only a business center but also a well-traveled tourist destination. Midtown East encompasses several unique neighborhoods including the Plaza District, Park Avenue, Madison Avenue, and Grand Central Station.

    Midtown East Office Space | Lease Data & Trends

    Office space rental prices vary greatly based on location, building class, and lease terms and length. Madison Avenue Class A spaces rent for an average of $105/sqft; this area has some of the highest prices in all of New York City. In the Plaza District, Class A spaces rent for an average of $94.19/sqft. Renters can find Class A spaces for $73/sqft in Grand Central Station. And, of course, Class B spaces go for less. It just depends on what you’re looking for.

    In general, Midtown East submarkets are more expensive than the average NYC office space rent of $72 per square foot, or the average Brooklyn office space rent of $42 per square foot.

    To help decide what kind of space you’re looking for, read about the differences between Class A and Class B office spaces. What about gross lease, triple net leases, and tenant improvement allowance? If you want to learn more about renting office space in Midtown East, one of our licensed tenant brokers would love to answer your questions.

    What Our Brokers Have to Say

    The borough of Manhattan south of Central Park is traditionally divided into Midtown, Midtown South, and Lower Manhattan. Midtown East is the Eastern half of Midtown that is bordered by Fifth Avenue to the west, the East River to the east, 59th St. to the north, and 42nd Street to the south. The area is home to the Chrysler Building, Rockefeller Center, and the United Nations Headquarters, and visitors will notice a lot of areas that look familiar because they’ve appeared on postcards and in TV shows.

    Midtown East is primarily a business district and is relatively quiet during the evenings. Traveling around the area and getting to and from nearby districts is easy, especially with the convenient juxtaposition of Grand Central Station, which is not only one of the biggest hubs for public transportation in NYC but also a historic landmark. Nearby subway lines include: 4, 5, 6, N, Q, R, B, D, F, M, E, and 7. If visiting business partners need a place to stay, book rooms in The Langham, The Bernic Hotel, Fitzpatrick Grand Central, or Pod 39.

    Popular Neighborhoods in Midtown East

    Each neighborhood located within Midtown East has unique character and features.

    Grand Central Station: Whether you call it by its official name, Grand Central Terminal, or its nickname, Grand Central, this neighborhood is known for housing Grand Central Station, one of the biggest transportation hubs in NYC. Securing office space here means working alongside companies such as Salesforce, YES Network, Oracle, Metlife, and New York Life Insurance.

    Madison Avenue: Madison Avenue, one of the most well-known streets in America, is home to some of the nation’s most influential businesses. Named after the United States’ fourth President, James Madison, Madison Avenue is clean, beautiful, and graffiti-free. Though no longer the center of the advertising world, Madison Avenue is still an area in high demand.

    Plaza District: The Plaza District houses some of the most premier commercial real estate in NYC. A 10% vacancy leaves potential tenants with plenty of options to join the district’s current tenants, which include Colgate-Palmolive, Bloomberg, and NBC Studios.

    Park Avenue: Park Avenue, originally called Fourth Avenue, houses some of the nation’s most expensive real estate, and some of NYC’s richest CEOs live there. Fortune 500 companies such as Citigroup, Mutual of America, JP Morgan, and Metlife have Park Avenue addresses from here.

    met-life-building-grand-central-station

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