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240 Central Park South

Columbus Circle

New York, NY 10019

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Building Details

  • Year Built1940
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  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.02 mi☕️Maison Kayser
    • 0.02 mi☕️Grom Gelato
    • 0.03 mi☕️Argo Tea
    • 0.06 mi🚇59th Street - Columbus Circle
    • 0.1 mi☕️Starbucks Coffee
    • 0.11 mi🥘Blue Ribbon
    • 0.11 mi🥘Per Se
    • 0.11 mi🥘Le Pain Quotidien
    • 0.11 mi☕️Starbucks
    • 0.11 mi🥘Porter House Bar and Grill
    • 0.11 mi🥘Masa
    • 0.12 mi🍺Providence
    • 0.12 mi☕️Starbucks
    • 0.13 mi💪Equinox
    • 0.13 mi🥘Sushi Damo
    • 0.13 mi🥘Brooklyn Diner
    • 0.13 mi☕️Europa Cafe
    • 0.13 mi🥘Bareburger
    • 0.13 mi🥘Petrossian
    • 0.14 mi☕️Starbucks Coffee
    • 0.14 mi🍺Red Cork
    • 0.14 mi🥘Hooters
    • 0.14 mi🚗24 Hour Parking
    • 0.14 mi🥘Jean-Georges
    • 0.15 mi☕️Cafe Metro
    • 0.15 mi🚇NQRW57th Street-7th Avenue
    • 0.15 mi🥘Lili's 57
    • 0.15 mi🥘Sapphire
    • 0.15 mi🥘ABA Turkish Restaurant
    • 0.16 mi☕️Starbucks Coffee
    • 0.16 mi🥘ivy
    • 0.17 mi🥘Redeye Grill
    • 0.17 mi🥘RED 58
    • 0.18 mi🥘Luigi's Pizza
    • 0.19 mi🥘Yakitori Totto
    • 0.19 mi🥘East Japanese Restaurant
    • 0.19 mi🥘Matts Grill
    • 0.19 mi🥘Vizio
    • 0.19 mi🥘Cognac
    • 0.19 mi🥘Nocello
    • 0.19 mi🥘Thai Chai Kitchen
    • 0.19 mi🥘Russian Tea Room
    • 0.2 mi🍺McGee's Pub & Restaurant
    • 0.2 mi☕️Starbucks
    • 0.21 mi☕️Blue Dog
    • 0.21 mi☕️Starbucks
    • 0.22 mi🥘Park Cafe
    • 0.23 mi💪West Side YMCA
    • 0.23 mi🥘Carnegie Deli
    • 0.23 mi🍺Characters NYC Bar & Lounge
    • 0.24 mi💪TOP OF THE ONE
    • 0.24 mi☕️Starbucks
    • 0.24 mi🥘Flame
    • 0.24 mi🥘Masseria deo Vini
    • 0.24 mi🥘Terakawa Ramen
    • 0.27 mi☕️Starbucks
    • 0.27 mi🥘Bello
    • 0.28 mi🥘Le Parker Meridien Burger
    • 0.28 mi🥘Rosa Mexicano
    • 0.28 mi☕️Café Metro
    • 0.28 mi☕️Starbucks
    • 0.28 mi🍺The Irish Pub
    • 0.28 mi🥘Wayfarer
    • 0.29 mi🥘Ed's Chowder House
    • 0.29 mi🍺Old Castle
    • 0.29 mi🥘The Smith
    • 0.3 mi🚇BDE7th Avenue
    • 0.3 mi🥘Café Fiorello
    • 0.3 mi🚇F57th Street
    • 0.3 mi☕️Jamba Juice
    • 0.3 mi🥘Bocca Di Bacco
    • 0.31 mi🍺Bar Boulud
    • 0.31 mi🥘Rue 57
    • 0.31 mi🚗Champion
    • 0.31 mi🚗Allie II parking
    • 0.32 mi🍺Broadway Comedy Club
    • 0.32 mi🥘Cosmic Diner
    • 0.32 mi☕️FIKA 58th Street
    • 0.33 mi☕️Starbucks
    • 0.33 mi🥘Betony
    • 0.34 mi🍺Russian Vodka Room
    • 0.34 mi☕️The Ballfield's Cafe
    • 0.34 mi🚗Icon
    • 0.34 mi🍺Valhalla
    • 0.35 mi🥘Mangia
    • 0.35 mi🍺Rosie O'Grady's Saloon
    • 0.35 mi🥘Gallaghers Steakhouse
    • 0.35 mi🍺Russian Samovar Piano Bar & Restaurant
    • 0.35 mi🥘Beyond Sushi
    • 0.36 mi🥘Alfie's
    • 0.36 mi🥘La Silhouette
    • 0.36 mi🥘Menkui Teu
    • 0.36 mi💪Planet Fitness
    • 0.37 mi🥘eatery
    • 0.37 mi🍺Whiskey Trader
    • 0.37 mi🥘Shun Lee
    • 0.37 mi🥘Georgio's Country Grill
    • 0.38 mi🍺Cassidy’s
    • 0.38 mi🥘Danji
    • 0.38 mi🥘Mee
    • 0.38 mi🍺YAy
    • 0.38 mi🍺McHale's Pub
    • 0.38 mi🥘Bistro Milano
    • 0.39 mi🥘Strokos
    • 0.39 mi☕️Starbucks
    • 0.39 mi🥘Ippudo
    • 0.39 mi☕️Starbucks
    • 0.39 mi🍺Industry
    • 0.4 mi🥘Benoit
    • 0.4 mi🥘Toto ramen
    • 0.4 mi🥘Il Corso
    • 0.4 mi☕️Rex
    • 0.4 mi🥘Thailand Restairant
    • 0.4 mi🍺Brickyard Gastropub
    • 0.4 mi🥘Beijing
    • 0.41 mi☕️Starbucks
    • 0.41 mi🚇66th Street - Lincoln Center
    • 0.41 mi🥘Ellen's Stardust Dinner
    • 0.41 mi🥘Fresco 57
    • 0.41 mi🥘La Bonne Soupe
    • 0.41 mi🥘Five Guys
    • 0.41 mi🥘Boston Market
    • 0.41 mi🥘Justino's Pizza
    • 0.41 mi🥘Olympic Flame Diner
    • 0.41 mi🥘Jake's saloon
    • 0.41 mi🍺Connolly's
    • 0.42 mi☕️Kahve
    • 0.42 mi🥘Island Burger and Shakes
    • 0.42 mi🥘Joe's Shanghai
    • 0.43 mi🥘Lincoln Ristorante
    • 0.43 mi🥘Le Bernardin
    • 0.43 mi🥘Pure Thai Cookhouse
    • 0.43 mi🥘Sosa Borella
    • 0.43 mi🥘Mozzarella & Vino
    • 0.43 mi🥘Nanking
    • 0.43 mi🥘American Table Cafe
    • 0.43 mi🚇CE50th Street
    • 0.43 mi🥘Arias Hell's Kitchen
    • 0.44 mi☕️FIKA Tower & Bakery
    • 0.44 mi🥘Applebee's
    • 0.44 mi🌲Milstein Plaza
    • 0.44 mi🥘Natsumi
    • 0.45 mi🚇150th Street
    • 0.45 mi🥘TGI Fridays
    • 0.46 mi🥘Ted's Montana Grill
    • 0.47 mi🥘Capital Grille at Time-Life
    • 0.47 mi🥘Fogo de chao
    • 0.47 mi🍺Caroline's on Broadway

    Neighborhood

    Columbus Circle

    Located at the southwest corner of Central Park, the neighborhood of Columbus Circle spans a handful of blocks surrounding the traffic circle by the same name. A monument of Christopher Columbus stands at the center of the traffic circle, inspiring the name. Columbus Circle functions as the geographic center of New York City and is a heavily trafficked area that has undergone multiple renovations throughout the years to improve traffic around the circle.

    The most recent renovation occurred between 2003-2005 and included a new water fountain as well as the addition of plenty of benches and greenery. Columbus Circle offers a desirable Midtown West location near Central Park, the Upper West Side, Rockefeller Center, and Times Square at just-above-average Midtown prices.

    Columbus Circle Office Space | Lease Data & Trends

    Nearly three-quarters of the 24 million square feet of Columbus Circle office space is Class A inventory, with options ranging from executive suites to entire floors in prominent buildings. The area has a low vacancy rate of 7.5% (the Manhattan average is 10%), and there is very little new inventory under construction.

    Despite its small size, the average Columbus Circle office space rent is greater than about half of the other Midtown submarkets due to its prime location. Class A office space in Columbus Circle rents at an average of $78 per square foot. Class B properties rent at much lower prices, with an average closer to $61.

    nyc-office-space-rent-prices

    What Our Brokers Say

    Many banks, business management consultants, real estate consultants, and stockbrokers operate in the area. Other notable companies leasing office space in Columbus Circle include Hearst Media (which occupies Hearst Tower), Penguin Random House, PDT Partners, Young & Rubicam, Rhodium Group, and Red Fuse Communications.

    Time Warner Center anchors Columbus Circle on the west side. In addition to the corporate headquarters of Time Warner, CNN’s NYC headquarters and Related Companies, the largest private real estate developer currently developing Hudson Yards, both lease office space in Time Warner Center. The ground floors house the Shops at Columbus Circle mall and a Whole Foods. The Shops at Columbus Circle is home to major retailers such as Amazon Books, MAC Cosmetics, Swarovski, Williams-Sonoma, and Coach.

    Emerge212 has a location at 3 Columbus Circle, providing office space for a variety of new and established businesses in the 29-story Class A building.

    Getting Around Columbus Circle

    The Columbus Circle-59th Street subway station is the eighth busiest station in NYC and located underneath Columbus Circle. The station provides access to the 1, 2, A, B, C, and D trains. Bus lines serving the neighborhood include M5, M7, M10, M20, and M104.

    Although the neighborhood is centered around a traffic circle, driving in the area is not a popular option due to heavy traffic. Commuting by foot, bus, or subway are the preferred methods of transportation.

    Columbus Circle Neighborhood & History

    Designed in 1857, Columbus Circle was initially a continuation of the vision for Central Park. The traffic circle faces the Merchant’s Gate entrance to Central Park on its northeast side. The installation of the Christopher Columbus statue 35 years later helped Columbus Circle establish a separate identity from Central Park.

    Office workers in Columbus Circle are never more than a ten-minute walk to Central Park, which provides an ideal outdoor location for a lunch break. TurnStyle Underground Market spans a full city block beneath 57th and 59th Streets and has nearly 40 local eateries to grab a bite, along with a variety of other food vendors, retail shops, and kiosks. Other convenient and popular spots in Columbus Circle include Bareburger, Le Pain Quotidien, Patsy’s Italian Restaurant, Guantanamera, Kashkaval Garden, and Burrito Box.

     

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