240 East 38th Street

Off Market

240 East 38th Street, New York, NY 10016

  • Office
  • Medical Office
  • 396,248 Sqft

240 East 38th Street, New York, NY 10016 - Office Space

240 East 38th Street is located at 240 East 38th Street in the Murray Hill neighborhood, NY, New York, 10016. The Class B Office building was completed in 1967 and features a total of 396,248 Sqft.

There are 449 office spaces for lease in the Murray Hill neighborhood, totaling 3,259,081 Sqft of available office space. The office space availability for the 10016 zip code is 3,668,221 Sqft, in 495 office spaces. The average asking office rent per sq. ft. in Murray Hill is $55.73/sqft/year. For Class A+ office buildings the average office rate is $78/sqft/year, for Class A office buildings the average office rate is $69.5/sqft/year, for Class B office buildings the average office rate is $53.48/sqft/year.

In Murray Hill, there are 57 class B office buildings. In Murray Hill, there are a total of 7 LEED certified office buildings. In 1967, the same year 240 East 38th Street was built, 278 more commercial properties (office, industrial, retail) over 50,000 square feet were built in New York, featuring 8,364,462 square feet of commercial space. At zip code level, there are 114 commercial properties, of which 113 are office buildings over 50,000 square feet.

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Details

  • City New York
  • Neighborhood Murray Hill
  • Zip Code 10016
  • Market Manhattan
  • Property Type Office - Medical Office
  • Property Size 396,248 Sqft
  • Lot Size 0.78 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1967
  • Date Updated 07 Apr, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 240 East 38th Street?

240 East 38th Street totals 396,248 square feet.

When was this property built?

240 East 38th Street was built in 1967.

Murray Hill Demographics

The average household income in zip code 10016 is $179,160, from a total of 29,200 households. In terms of employment, there are 97.45 % white-collar and 2.55 % blue-collar jobs in zip code 10016.

Population

  • Total Population25,990
  • Male Population(47.8 %) 12,415
  • Female Population(52.2 %) 13,574
  • Median Age36.00

Income/Financial

  • Average Household Income$172,280
  • Median Household Income$128,836
  • Median Income Under 25$90,985
  • Median Income 25-44$152,506
  • Median Income 45-64$137,006
  • Median Income Over 65$68,926