Office

Key Features

• Total Size: 1,400 SF
• Asking Rent: $7,500/month ($90,000 annually)
• Price per SF: ~$64 annually
• Use Flexibility: Suitable for professional offices, consulting firms, design or creative studios, medical/administrative use, or boutique corporate headquarters
• Layout: Efficient floor plan with potential for open workspace, private offices, and conference room configuration
• Condition: Delivered ready for tenant improvements or light customization

Market Profile

• Target Tenants: Professional service firms, finance or legal users, consulting companies, tech startups, and creative agencies
• Neighborhood Demand: Midtown East remains a strong office submarket due to proximity to major transit hubs, corporate headquarters, and dining/retail corridors
• Competitive Advantage: At approximately $64/SF, this space offers strong value compared to higher-priced Class A Midtown office buildings

Location Advantages

• Neighborhood: Midtown East
• Proximity: Grand Central Terminal, Rockefeller Center, United Nations, and Fifth Avenue
• Transit: Served by 4, 5, 6, E, M, N, R, and W subway lines nearby
• Amenities: Surrounded by restaurants, cafés, hotels, and business services

Summary

The 1,400 SF office space at 940 Third Avenue presents a solid leasing opportunity at $7,500/month (~$64/SF annually) in the Midtown East corridor. With flexible layout potential, excellent transit access, and competitive pricing, this property is well suited for professional users seeking a centrally located Manhattan office.