Financial
- Monthly rent: $5,000
- Annual rent: $60,000
- Rent per SF/month: $3.87
- Rent per SF/year: $46.48
- Approximate monthly cost per 1,000 SF: $3,873
- Lease length: To be confirmed / negotiable
The location is one of the strongest aspects of the opportunity. West 33rd Street provides convenient access to Herald Square, Penn Station, Madison Square Garden, Fifth Avenue, and the broader Midtown South business district, making it particularly practical for employees and clients commuting from multiple parts of the city and region.
Compared with 36–38 East 12th Street, this property is substantially smaller — 1,291 SF versus 5,150 SF — but also requires a much lower absolute commitment at $5,000/month versus $26,000/month. More importantly, the normalized rent is approximately $46.48/SF/year versus $60.58/SF/year, making West 33rd Street about 23% cheaper per square foot.
Compared with 6 Stone Street, which was asking approximately $40/SF/year, West 33rd Street is somewhat more expensive on a normalized basis. However, the difference is relatively modest, and the Midtown location may be considerably more convenient depending on where employees, clients, and customers are coming from.
The 1,291-SF footprint is well suited to a smaller professional office, creative firm, showroom, consulting business, financial-services team, or other company that does not need a large corporate floor. Depending on the layout, it could potentially accommodate a reception area, conference room, several private offices, and/or an open workspace.
At only $60,000 in annual base rent, the total occupancy burden is relatively manageable compared with many Manhattan office alternatives. The economics become particularly attractive if the space is already built out and requires little additional capital expenditure.
The key diligence items would be existing office configuration, natural light, ceiling height, elevator access, HVAC hours and charges, electrical capacity, bathrooms, security/access hours, and whether real-estate-tax or operating-expense escalations are additional to the $5,000 monthly asking rent.
I would also verify whether the quoted 1,291 SF is rentable or usable square footage, since Manhattan office listings often incorporate a loss factor into the advertised area. Understanding the actual usable floor area is important when comparing this space against other options.
Overall, 41 West 33rd Street looks like a strong value-oriented Midtown office option. At approximately $46.48/SF/year, it is significantly cheaper than the East 12th Street office while maintaining an exceptionally central location. If the existing buildout is usable and there are no unusually high additional charges, this would rank as one of the stronger office options you have sent so far.
