30 East 40th Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: New York, NY 10016
  • Size: 190,380 SF

Photos

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Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to market, via public auction, the fee simple interest in 30 East 40th Street, a 13-story, 84,292-square-foot mixed-use office building located between Madison and Park Avenues in the heart of Midtown Manhattan. The property is currently occupied by a stable roster of medical and dental tenants, a tenant base that has historically demonstrated strong retention and long-term occupancy. With 23 vacant units, the asset presents a compelling value-add opportunity through lease-up and strategic capital improvements. Additionally, the property's flexible Midtown zoning creates the potential for office-to-residential conversion and long-term redevelopment, further enhanced by eligibility for attractive tax incentive programs, including the 467-m abatement. BANKRUPTCY AUCTION 10/27/26 - QUALIFYING BIDS DUE BY 10/22/26

Market Context

This office in New York, NY is listed for sale across 190,380 SF. Compare it against other office listings for sale in New York, NY — view the full market.

As of Q1 2026, the New York City Area office market showed average asking rents near $45.36/SF/yr. Source: CBRE Q1 2026 market report.

Estimated Price per SF

$246.88/SF – $1,795/SF

Mid: $748.12/SF

Estimated price for 190,380 SF: $142,427,086 (range $47,001,014 – $341,825,386)

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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