Manhattan · Grand Central and Murray Hill
Office buildings on East 38th Street
12 large office buildings on East 38th Street in Manhattan, from 2-8 East 38th Street to 400-408 East 38th Street, with about 2.3 million square feet of office space, through Grand Central and Murray Hill. In address order, with each building's size, age, last sale and nearest subway from the city's own records.
- Buildings
- 12
- Office space
- 2.3M SF
- Median year built
- 1924
- Tallest
- 240 East 38th Street, 24 floors
No space on East 38th Street is listed on Leasemark yet. Own or broker space here? List it free and it is matched against every active requirement the day it goes up, or import a spreadsheet of up to 50 spaces at once.
NYC tax lot records
Every large building on East 38th Street, in address order
From 2-8 East 38th Street to 400-408 East 38th Street. 6 corner or through-block buildings have a main address on another street and are listed at their East 38th Street address.
Looking for a particular address?
Spreadsheet
Download these 12 buildings
Owner of record, size, floors, year built, zoning, estimated property tax, last sale, energy grade and nearest subway for every building on this list, as a CSV file for Excel or Google Sheets. Free with a Leasemark account.
City records and estimates, not availability: a building on the list is not a space for lease.
- 2-8 East 38th StreetMain address: 415 Fifth Avenue
- 13-17 East 38th StreetMain address: 260 Madison Avenue
- 18 East 38th StreetMain address: 240 Madison Avenue
- 21-23 East 38th StreetMain address: 261 Madison Avenue
- 331-347 East 38th StreetMain address: 673 First Avenue
- 400-408 East 38th StreetMain address: 656 First Avenue
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05, with other addresses on each lot from the city's Property Address Directory and sales from ACRIS. Buildings with at least 35,000 square feet of commercial space in the neighborhoods Leasemark covers; floor areas are the city's estimates for whole buildings, not available space.
Largest and oldest on East 38th Street
Largest by office space
Buildings with their main address on East 38th Street.
By year built
NYC storefront registry
Storefronts on East 38th Street
How many shopfronts owners registered along East 38th Street for the end of 2024 and how many stood empty: a quick read on how much choice a retail or restaurant tenant has on the street.
- Registered storefronts
- 25
- Vacant on Dec 31, 2024
- 6
- Vacancy rate
- 24.0%
- Manhattan 11.1%
- A year earlier
- 19.0%
- more empty now
Where the storefronts on East 38th Street are
Storefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings, pulled 2026-10-08. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31. Counts are the storefronts whose owners typed East 38th Street in the registration, so a few with misspelled addresses are missing; each is placed in a neighborhood by its map point. The year before is shown only when both filings count about as many storefronts on the street. A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.
NYC property records (ACRIS)
Building sales on East 38th Street
One sale of the large buildings on East 38th Street has been recorded since 2016, $211.2 million in all.
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; prices as the deeds state them, buyers named only when they are companies. Condo buildings (sold unit by unit), partial interests and sales of the company that owns a building are left out.
NYC Department of Finance
Property tax on East 38th Street
Estimated yearly tax per square foot of floor area across the 11 taxed large buildings on East 38th Street, from the 2026/27 assessment roll: taxable value after exemptions times the Class 4 rate, before abatements.
Largest estimated bills
On East 38th Street
- Median: $6.97 a square foot a year; middle half $5.48 to $12.18.
- Manhattan median across every tracked building: $13.55 a square foot.
- One building is fully exempt on the roll: 656 First Avenue.
MTA station data
Subway along East 38th Street
The closest station to each building on the list, in the order the street reaches them. Walks are straight-line estimates.
- Grand Central-42 St
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-05.
Questions about East 38th Street
How many office buildings are on East 38th Street?
Leasemark tracks 12 large office buildings on East 38th Street in Manhattan: 6 with their main address on East 38th Street and 6 corner or through-block buildings with a East 38th Street address as well. Together they hold about 2.3 million square feet of office space, from 2-8 East 38th Street to 400-408 East 38th Street, through Grand Central and Murray Hill. The list counts buildings with at least 35,000 square feet of commercial space in the neighborhoods Leasemark covers.
What is the largest office building on East 38th Street?
The largest is 240 East 38th Street, with 396,248 square feet of office space on 24 floors, built in 2012. Next come 7 East 38th Street (76K SF) and 5 East 38th Street (72K SF).
How old are the buildings on East 38th Street?
The median office building on East 38th Street was built in 1924. The oldest with its main address here is 10 East 38th Street (1916) and the newest 240 East 38th Street (2012). 8 date from 1900 to 1929, 3 date from 1930 to 1959 and 1 went up in 1990 or later.
When did a building on East 38th Street last sell?
The newest sale on record is 260 Madison Avenue, which sold in December 2025 for $211.2 million to AM 260 MADISON LLC, per the deed recorded with the city. It is the only sale of the large buildings Leasemark tracks on East 38th Street since 2016.
How much property tax do buildings on East 38th Street pay?
The median estimated tax across the 11 taxed large buildings on East 38th Street is about $6.97 a square foot of floor area a year on the Department of Finance's 2026/27 roll (middle half $5.48 to $12.18), against $13.55 across Manhattan. The largest estimated bill, about $6.5 million a year, is for 260 Madison Avenue. One building is fully exempt. Estimates are before abatements, and tenants usually pay their share through the lease.
How many storefronts are vacant on East 38th Street?
Owners registered 25 ground- and second-floor storefronts on East 38th Street in Manhattan with the NYC Department of Finance for the end of 2024, and 6 of them (24.0%) stood vacant on December 31, 2024, against 11.1% across Manhattan and 19.0% on East 38th Street a year earlier. The most are in Murray Hill (14) and Grand Central (10). A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.
What subway lines are near East 38th Street?
The closest stations to the large buildings on East 38th Street, in the order the street reaches them, are Grand Central-42 St (4 5 6 7 S). Together they serve the 4, 5, 6, 7 and S lines, per MTA station data.
Is there office space for lease on East 38th Street?
No space on East 38th Street is listed on Leasemark right now. Owners and brokers can list space here for free and it is matched against every active requirement the day it goes up; tenants can post a requirement to be matched when space opens up.