Midtown West Cooperative Office Space for Sale

LISTING DETAILS FOR Midtown West Cooperative Office Space for Sale

DESCRIPTION

Positioned in the vibrant heart of Midtown West, 246 West 38th Street unveils a compelling opportunity within the Penn Plaza submarket. Offering a distinctive blend of creativity and functionality, this office cooperative presents the entire 5th floor, spanning an expansive 8,803 RSF. The floor is available for immediate possession, providing businesses with the flexibility to craft their workspace vision in a vacant setting or maintain a tenant in place. At a reduced price of $4,500,000 ($511/RSF) and remarkably low annual maintenance charges at $95,089 ($10.80/RSF), this listing stands as an enticing investment prospect.

The architectural features of this space contribute to its unique charm. With high ceilings, shock-blasted concrete floors, and large windows that frame the bustling 38th Street below, the atmosphere is both inspiring and invigorating. The attended lobby with two recently renovated passenger elevators ensures a seamless and welcoming entry for occupants and visitors alike. Additionally, the inclusion of a separate freight entrance and elevator adds an extra layer of convenience, streamlining logistical operations.

Strategically located between Seventh and Eighth Avenues, this cooperative enjoys optimal accessibility to key hubs such as Hudson Yards, Penn Station, Grand Central, Port Authority, and a comprehensive network of subway lines, including the PATH train. The enviable position places businesses at the epicenter of Midtown West’s dynamic business landscape, fostering connections and facilitating ease of travel for employees and clients.

Internally, the layout of the space is thoughtfully designed to cater to diverse business needs. A multi-tenanted office coop, the floor boasts a gut-renovated, aesthetically pleasing design with ultra-high ceilings, maximizing the sense of openness. The shock-blasted concrete floors add an industrial touch, while high-end glass installations infuse a modern and sophisticated feel. The floor encompasses approximately 7,950 rentable square feet, accommodating various functions, including conference rooms, IT rooms, open spaces, and executive offices. The full floor identity enhances the visibility and prominence of businesses operating within this cooperative.

In summary, 246 West 38th Street stands as a beacon of opportunity in the Midtown West landscape, offering a versatile canvas for businesses to thrive in an inspiring and strategically located environment. Don’t miss the chance to secure your stake in the heart of one of New York City’s most dynamic business districts.

Space Features:

• Midtown West location in the heart of Penn Plaza submarket
• Entire 5th floor available: 8,803 RSF
• Immediate possession, flexible for tenant or vacant setup
• Reduced price: $4.5M ($511/RSF)
• Low annual maintenance charges: $95,089 ($10.80/RSF)
• Creative loft space with high ceilings
• Attended lobby with renovated elevators
• Separate freight entrance and elevator
• Strategic proximity to Hudson Yards, Penn Station, and major subway lines
• Architectural charm: Shock-blasted concrete floors and large windows
• Multi-tenanted office coop with gut-renovated design
• Full floor identity for enhanced visibility
• Versatile layout: Conference rooms, IT rooms, open spaces, executive offices
• Inspiring and dynamic business environment
• Prime location for connections and ease of travel