Office

Affordable Office Space in Kips Bay / Murray Hill – 237 E 31st Street

Address: 237 East 31st Street, New York, NY, 10016
Price: $7,500/month
Square Feet: 2,500 SF
Type: Office Space

Property Overview:

Located on East 31st Street in the Kips Bay / Murray Hill neighborhood — one of Manhattan’s most convenient, centrally located, and desirable residential and professional areas — 237 E 31st Street offers 2,500 SF of affordable office space at exceptional value for this prime location. Ideal for non-profits, medical and dental practices, law offices, real estate firms, creative agencies, tech startups, or small businesses seeking a spacious, well-located office at an unbeatable price point. Situated between Second Avenue and Third Avenue, this space benefits from proximity to NYU Langone Medical Center, Bellevue Hospital, Grand Central Terminal, and some of the city’s best dining, shopping, and transit.

Key Features:

Prime Kips Bay / Murray Hill / Midtown East Location:

• Situated on East 31st Street, a quiet, tree-lined residential block in the heart of Kips Bay / Murray Hill — one of Manhattan’s most convenient, centrally located, and desirable neighborhoods, known for its pre-war architecture, tree-lined streets, strong sense of community, and excellent transit access.
• Located between Second Avenue and Third Avenue, placing your office in a high-traffic corridor with strong daytime foot traffic from office workers, medical professionals, residents, and commuters.
• Just steps from NYU Langone Medical Center (First Avenue between 30th-34th Streets), Bellevue Hospital (First Avenue and 29th Street), and VA NY Harbor Healthcare System — ideal for medical professionals and healthcare-related businesses.
• Minutes from Grand Central Terminal (42nd Street and Park Avenue — a 15-minute walk), Murray Hill’s vibrant dining and nightlife scene (Third Avenue, Lexington Avenue), Koreatown (32nd Street), and the East River Esplanade.

Medical & Institutional Proximity:

• Located within easy reach of several major medical institutions:
• NYU Langone Medical Center (First Avenue between 30th-34th Streets)
• Bellevue Hospital (First Avenue and 29th Street)
• VA NY Harbor Healthcare System
• Hospital for Joint Diseases (NYU Langone Orthopedic) (17th Street and Second Avenue)
• This concentration of world-class hospitals creates consistent demand for medical and dental practices, urgent care centers, physical therapy clinics, pharmacies, and professional services serving medical professionals and patients.

Spacious & Flexible Office Layout – 2,500 SF:

• 2,500 SF of generous office space — ideal for open-plan workstations, private offices, or a hybrid layout.
• Flexible floor plan suitable for non-profits, medical and dental practices, law offices, real estate firms, creative agencies, tech startups, or small businesses.
• Large windows providing abundant natural light — a valuable asset for any office environment.
• Functional layout with potential for private offices, conference rooms, a reception area, exam rooms (for medical practices), and kitchen/break room.
• Existing infrastructure may include IT/server rooms — easily customizable.
• At $3 per square foot, this represents exceptional value for office space in this prime Midtown location — one of the most affordable rates in Manhattan.

Exceptional Value – Just $3 per Square Foot:

• At $3 per square foot, this is an extraordinary value for office space in Kips Bay / Murray Hill.
• The combination of price, location, space, and transit access makes this an unparalleled opportunity for organizations seeking an affordable office in a prime Midtown location.

Excellent Transit Access:

• Moments from Grand Central Terminal (4, 5, 6, 7, S) — a 15-minute walk — providing direct access to Metro-North Railroad and multiple subway lines, one of Manhattan’s busiest and most convenient transit hubs.
• Close to the 33rd Street station (6) on Park Avenue, 28th Street station (N, Q, R, W) on Broadway, and 34th Street – Herald Square station (B, D, F, M, N, Q, R, W) .
• Short walk to Penn Station (1, 2, 3, A, C, E) , providing LIRR, NJ Transit, and Amtrak connections.
• Multiple bus routes serve Second Avenue, Third Avenue, and 34th Street (M15, M34-SBS, M34A, M101, M102, M103).
• Convenient for employees and clients from all five boroughs, New Jersey, Long Island, and Westchester.

Vibrant, Convenient Neighborhood:

• Kips Bay / Murray Hill is known for its convenience, central location, and great value — one of the few neighborhoods in Manhattan where organizations can still find affordable office space.
• The area is home to numerous medical practices, law offices, financial services, non-profits, creative agencies, and small businesses.
• Trader Joe’s (22nd Street and Sixth Avenue) and Whole Foods (24th Street and Sixth Avenue) are within easy walking distance.
• The neighborhood’s central location makes it easy to access the best of Manhattan — from Midtown to downtown.
• Ideal for businesses such as:
• Non-profit or foundation
• Medical or dental practice
• Law office or legal services
• Real estate office
• Creative agency or design studio
• Tech startup or incubator
• Small business office
• Consulting firm
• Accounting or tax preparation
• Social service organization

Highlights:
✔ 2,500 SF of spacious office space in Kips Bay / Murray Hill
✔ $7,500/month — exceptional value at just $3 per square foot
✔ Flexible, functional layout suitable for non-profits, medical practices, law offices, or small businesses
✔ Large windows with abundant natural light
✔ Steps from NYU Langone Medical Center and Bellevue Hospital
✔ Convenient Midtown location with excellent transit access
✔ Perfect for organizations seeking value, space, and a prime Midtown location

Conclusion:

237 E 31st Street offers an exceptional opportunity for non-profits, medical practices, legal firms, and small businesses seeking affordable, spacious office space in one of Manhattan’s most convenient, centrally located, and desirable neighborhoods — Kips Bay / Murray Hill, steps from NYU Langone Medical Center and Grand Central Terminal. With 2,500 SF of flexible, light-filled space, a prime East 31st Street location in the heart of Midtown’s medical and professional district, and access to excellent transit and a vibrant neighborhood, this property is perfect for non-profits, medical and dental practices, law offices, creative agencies, or small businesses looking to establish or expand their presence in Midtown — all at an extraordinary value of just $3 per square foot.

Contact us today to schedule a private tour and secure this premier Midtown office space!