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38 West 57th Street

Plaza District

New York, NY 10019

  • 1,552 - 25,000 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerLefrak SBN Ltd.
  • Floors36
  • Walk Scoreยฎ95
  • Year Built1972
  • Noise Index0.84

Standing 36 floors high in the heart of Central Park South, 38 West 57th Street features a spacious lobby, gold embellished entrance, and multiple wide windows along each wall.
38 West 57th Street sits just south of Central Park. The area is home to landmarks such as the New York City Center for performing arts, Carnegie Hall, and Rockefeller Center. Food options are very flexible in terms of budget – with Carnegie Deli and Halal Guys as cheap options, and Pure Thai and Le Bernardin for sit down meals. After a long day at the office, walk a few blocks north and wander through Central Park. The long winding paths and tall trees offer a quiet sanctuary from city life.

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  • Availability

    UnitSizePriceInquire
    7th Floor - Suite1,552 sqftInquire for pricing
    20th Floor2,715 sqftInquire for pricing
    Partial 3rd Floor4,340 sqftInquire for pricing
    Partial 27th Floor10,339 sqftInquire for pricing
    15th Floor10,900 sqftInquire for pricing
    Office Space13,500 sqftInquire for pricing
    Partial 20 Suite13,500 sqftInquire for pricing
    Partial 16 Suite13,500 sqftInquire for pricing
    Office Space14,340 sqftInquire for pricing
    Entire 20 Suite25,000 sqftInquire for pricing
    Entire 29 Suite25,000 sqftInquire for pricing
    Entire 16 Suite25,000 sqftInquire for pricing
    Entire 21 Suite25,000 sqftInquire for pricing
    Entire 15 Suite25,000 sqftInquire for pricing
    Entire 28 Suite25,000 sqftInquire for pricing
    Office Space25,000 sqftInquire for pricing
    Entire 26 Suite25,000 sqftInquire for pricing
    • 0.02 mi๐Ÿฅ˜Mangia
    • 0.04 mi๐Ÿฅ˜Betony
    • 0.05 mi๐Ÿฅ˜Beyond Sushi
    • 0.05 mi๐Ÿฅ˜Rue 57
    • 0.05 mi๐Ÿฅ˜Menkui Teu
    • 0.05 miโ˜•๏ธStarbucks
    • 0.06 mi๐Ÿš‡F57th Street
    • 0.07 mi๐Ÿฅ˜Joe's Shanghai
    • 0.08 miโ˜•๏ธJamba Juice
    • 0.08 mi๐Ÿฅ˜Wayfarer
    • 0.08 mi๐ŸบCassidyโ€™s
    • 0.08 mi๐Ÿฅ˜Five Guys
    • 0.08 mi๐ŸบWhiskey Trader
    • 0.08 miโ˜•๏ธFIKA 58th Street
    • 0.09 mi๐Ÿฅ˜Benoit
    • 0.09 mi๐Ÿฅ˜Il Corso
    • 0.09 mi๐Ÿฅ˜La Bonne Soupe
    • 0.09 mi๐Ÿฅ˜Bistro Milano
    • 0.1 mi๐Ÿฅ˜Le Parker Meridien Burger
    • 0.13 mi๐ŸบConnolly's
    • 0.13 mi๐Ÿฅ˜Mozzarella & Vino
    • 0.17 miโ˜•๏ธStarbucks
    • 0.17 miโ˜•๏ธStarbucks
    • 0.18 mi๐Ÿฅ˜Russian Tea Room
    • 0.18 mi๐Ÿฅ˜The Modern - The Bar Room
    • 0.19 miโ˜•๏ธBlue Dog
    • 0.19 mi๐Ÿฅ˜RED 58
    • 0.19 mi๐Ÿฅ˜Fogo de chao
    • 0.2 mi๐Ÿฅ˜Harry Cipriani
    • 0.21 miโ˜•๏ธStarbucks Coffee
    • 0.21 mi๐Ÿš‡NRW5th Avenue โ€“ 59th Street
    • 0.21 mi๐Ÿš‡EM53rd Street-5th Avenue
    • 0.23 mi๐Ÿš‡NQRW57th Street-7th Avenue
    • 0.23 mi๐Ÿบ21 Club
    • 0.23 mi๐Ÿฅ˜Petrossian
    • 0.23 mi๐Ÿฅ˜Park Cafe
    • 0.23 mi๐Ÿš—Alpha Garage
    • 0.24 miโ˜•๏ธCafe Metro
    • 0.24 mi๐Ÿฅ˜Lili's 57
    • 0.24 miโ˜•๏ธEuropa Cafe
    • 0.24 mi๐Ÿฅ˜Redeye Grill
    • 0.24 mi๐ŸบOld Castle
    • 0.25 miโ˜•๏ธLe Pain Quotidien
    • 0.25 miโ˜•๏ธStarbucks
    • 0.25 mi๐Ÿฅ˜Burger Heaven
    • 0.25 mi๐Ÿฅ˜Le Pain Quotidien
    • 0.26 mi๐Ÿš—Icon
    • 0.26 mi๐Ÿฅ˜Carnegie Deli
    • 0.26 miโ˜•๏ธCafรฉ Metro
    • 0.26 mi๐ŸบThe Irish Pub
    • 0.27 mi๐Ÿš—Champion
    • 0.27 mi๐Ÿฅ˜Brooklyn Diner
    • 0.27 mi๐Ÿฅ˜Teresa's
    • 0.29 mi๐Ÿฅ˜Hooters
    • 0.29 mi๐Ÿš‡BDE7th Avenue
    • 0.3 mi๐Ÿฅ˜Aquavit
    • 0.3 mi๐Ÿฅ˜Del Frisco's
    • 0.3 mi๐ŸบBill's Gay Nineties
    • 0.3 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.3 mi๐Ÿฅ˜Cognac
    • 0.31 mi๐Ÿฅ˜Ted's Montana Grill
    • 0.31 mi๐Ÿฅ˜Capital Grille at Time-Life
    • 0.31 miโ˜•๏ธStarbucks
    • 0.32 mi๐Ÿฅ˜Brasserie Ruhlman
    • 0.33 mi๐Ÿฅ˜Le Bernardin
    • 0.33 mi๐ŸบRosie O'Grady's Saloon
    • 0.33 miโ˜•๏ธDancing Crane Cafe
    • 0.35 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.35 mi๐ŸบMcGee's Pub & Restaurant
    • 0.36 miโ˜•๏ธArgo Tea
    • 0.36 miโ˜•๏ธNinth Street Espresso
    • 0.37 miโ˜•๏ธGrom Gelato
    • 0.37 mi๐ŸบCharacters NYC Bar & Lounge
    • 0.37 miโ˜•๏ธMaison Kayser
    • 0.37 mi๐Ÿฅ˜Yakitori Totto
    • 0.38 mi๐Ÿฅ˜East Japanese Restaurant
    • 0.38 mi๐Ÿฅ˜Vizio
    • 0.38 miโ˜•๏ธStarbucks
    • 0.38 mi๐Ÿฅ˜Nocello
    • 0.39 mi๐Ÿฅ˜TGI Fridays
    • 0.39 miโ˜•๏ธStarbucks
    • 0.39 mi๐Ÿฅ˜Palace
    • 0.39 mi๐Ÿฅ˜ivy
    • 0.39 mi๐Ÿฅ˜Ellen's Stardust Dinner
    • 0.39 mi๐Ÿฅ˜Gallaghers Steakhouse
    • 0.4 mi๐Ÿฅ˜Luigi's Pizza
    • 0.4 mi๐Ÿš‡BDFM47th-50th Streets - Rockefeller Center
    • 0.4 mi๐Ÿฅ˜Matts Grill
    • 0.4 mi๐Ÿฅ˜Thai Chai Kitchen
    • 0.4 mi๐Ÿฅ˜Sushiden
    • 0.41 mi๐Ÿฅ˜Del Frisco's
    • 0.41 mi๐Ÿฅ˜Nanking
    • 0.41 miโ˜•๏ธStarbucks
    • 0.42 mi๐Ÿฅ˜Applebee's
    • 0.42 miโ˜•๏ธLittle Collins
    • 0.42 mi๐Ÿš‡59th Street - Columbus Circle
    • 0.42 mi๐Ÿฅ˜Friday's
    • 0.43 mi๐Ÿฅ˜Sushiden
    • 0.43 mi๐Ÿฅ˜Maloney & Porcelli
    • 0.43 mi๐Ÿฅ˜The Fitz
    • 0.43 miโ˜•๏ธStarbucks Coffee
    • 0.43 mi๐Ÿš‡150th Street
    • 0.43 mi๐Ÿฅ˜Iroha
    • 0.43 miโ˜•๏ธStarbucks Coffee
    • 0.44 mi๐Ÿš‡NRW49th Street
    • 0.44 mi๐ŸบRussian Samovar Piano Bar & Restaurant
    • 0.44 mi๐Ÿฅ˜Little Collins
    • 0.44 mi๐ŸบCaroline's on Broadway
    • 0.44 mi๐Ÿฅ˜Cosmic Diner
    • 0.44 mi๐ŸบRussian Vodka Room
    • 0.44 mi๐ŸบProvidence
    • 0.44 miโ˜•๏ธStarbucks
    • 0.45 mi๐Ÿฅ˜Blue Ribbon
    • 0.45 mi๐Ÿฅ˜Four Seasons
    • 0.45 mi๐Ÿš‡45659th Street
    • 0.45 miโ˜•๏ธStarbucks
    • 0.45 mi๐Ÿฅ˜Bareburger
    • 0.45 mi๐ŸบP.J. Moran's
    • 0.45 miโ˜•๏ธJuan Valdez
    • 0.46 miโ˜•๏ธStarbucks Coffee
    • 0.46 mi๐Ÿฅ˜Roast Chicken
    • 0.46 mi๐Ÿฅ˜The Playwright
    • 0.46 mi๐ŸบMcHale's Pub
    • 0.46 miโ˜•๏ธThe Ballfield's Cafe
    • 0.46 miโ˜•๏ธStarbucks Coffee
    • 0.46 miโ˜•๏ธToasties
    • 0.46 miโ˜•๏ธFIKA 52 & LEX
    • 0.46 mi๐Ÿฅ˜Per Se
    • 0.46 miโ˜•๏ธPret a Manger
    • 0.47 miโ˜•๏ธCafe K

    Neighborhood

    Plaza District

    The Plaza District is anchored by the southeast corner of Central Park. Most agree that the district is defined between the East River and Seventh Avenues, with 65th and 42nd streets as its North-South borders. The Plaza District derives its name from the landmark 19th-century Plaza Hotel and the Grand Army Plaza. The district is home to many famous buildings and landmarks, including Radio City Music Hall, Rockefeller Plaza, the Chrysler Building, and MoMa.

    Midtown Manhattan is the largest central business district in the world, and the Plaza District boasts some of the most premier commercial real estate in the city. Its tall buildings primarily provide office space for holding companies, investment groups, media groups, consulting firms, accounting firms, and hedge funds. Two-thirds of hedge funds located in NYC have office space in the Plaza District.

    Notable Plaza District tenants include Deloitte, Accenture, Mizuho Americas, Bloomberg Media, Colgate-Palmolive, JP Morgan, Pfizer, Cisco Systems, Fox News, and NBC Studios.

    Plaza District Office Space | Lease Data & Trends

    The Plaza District sees a range of asking rents and holds a Class A average of $94.19 per square foot, compared to the Midtown Class A average of ย $83.71. Many upper floors โ€” especially those with views of Central Park โ€” can lease for up to $200 per square foot, and many of the most expensive Plaza District buildings (such as the SoLow and General Motors Buildings) have an average asking rent of $144 per square foot.

    The cost of office space is largely determined by location, building class, lease terms and length, and renovation costs. Not sure about the differences between Class A and Class B office spaces? What about gross lease, triple net leases, and tenant improvement allowance? A licensed tenant broker will leverage these factors to negotiate your lease, but if you want to learn more for yourself, check out our Leasopedia.

    What Our Brokers Say

    Inventory stands at nearly 102,000,000 square feet, with vacancy around 10%. As some tenants such as Blackwater choose to leave the Plaza District for Hudson Yards, vacancy is expected to go up. The Plaza District is ideal for small to mid-size financial services. Between 2015 and 2017, 65% of signed leases for less than 20,000 square feet in Midtown were concentrated in the Plaza District.

    Co-working spaces are also finding their way into the Plaza District. WeWork has four Plaza District locations and signed a lease at the beginning of 2018 for a 400,000 square foot office space at 750 Lexington Ave. NYC Office Suites has 75,000 square feet covering three floors in the LOVE Building, and Grand Central Tech resides at 335 Madison Ave. Plaza District is also an ideal location for any business that interacts with the United Nations ecosystem of organizations, which are mostly based in Midtown Eastย andย Murray Hill.

    Neighborhood History

    Construction above 42nd Street soared in the 1920s after the completion of Grand Central Station. Thirty new skyscrapers went up in 1927 alone, and Midtownโ€™s reputation as the epicenter of business in New York City only continued to solidify throughout the 20th century.

    Unlike the up-and-coming neighborhoods that value repurposing old warehouses and factories into workspaces, the majority of older buildings in the Plaza District were designed with businesses in mind. There has been little to no large-scale construction in recent years, although landlords are starting to issue significant renovations to attract the younger workforce.

    Getting Around the Plaza District

    The Plaza District provides a variety of transportation options for easy commuting around the city,with Grand Central Station as the primary hub in the south-east corner of the district. Subway lines B, D, F, M, 1, N, Q, R as well as bus lines M1, M2, M3, M4, M5, M7, and M50 service the area. Suburban commuters take the Metro North from Westchester, Putnam, and Dutchess Counties, and much of Connecticut. Taxis are readily available to drive you to your next destination.

    The Plaza District has heavy foot traffic. From the north, employees can enjoy walking or biking to work through Central Park. There are also bike lanes on Second Avenue (southbound) and First Avenue (northbound).

    Nearby neighborhoods include: Columbus Circle, Times Square, Park Avenue, and Fifth-Madison.

     

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