54 W 39th St
New York, NY 10018
Office Property For Sale

Marcus & Millichap has been exclusively retained to offer the fee simple interest in 54 West 39th Street (the “Property”), a 16 story, approximately 47,000 rentable square foot multi tenant office building located between Fifth and Sixth Avenues in Midtown Manhattan, within the Bryant Park corridor and the newly rezoned Midtown South Mixed Use District.
Following the recent execution of two new leases in May 2026, the Property is now approximately 95% occupied, demonstrating strong leasing momentum and continued tenant demand within the building. In place rents remain below prevailing Midtown market levels, creating additional mark to market upside going forward.
The tenant base is anchored by health, wellness, and fitness operators including Training Lab NYC, R2 Fitness, RMN Fitness, and Brooklyn Breathes, positioning the building as a recognized wellness destination in Midtown Manhattan. Flexible floor plates and a 3,500 square foot ground floor retail unit support a wide range of tenant demand.
Additional upside exists through the potential repositioning of an approximately 1,800 square foot owner occupied unit. The Property also benefits from a recorded air and light easement at 56 West 39th Street, ensuring protected northern light and views.
The recent Midtown South Mixed Use rezoning further enhances long term optionality, allowing for increased density and future repositioning potential in one of Manhattan’s most active investment corridors.