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Landmark Office Tower with Conference Space
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551 5th Ave, New York, NY 10176

Renovated Art Deco lobby and new 7,000 SF conference/amenity space in a 38-story Midtown landmark.

Space Size3,207 SF
Days on Market731

Property Features for 551 5th Ave

General Information

Standard status Active
Size 3,207 SF
Property subtype OFFICE

Site & Location

Neighborhood Midtown Manhattan

Amenities

conference/amenity space
restored building exterior
bronze entrances
Art Deco lobby
panoramic views

Building Details

Stories 38
Tenancy Multi

Spaces For Lease

at 551 5th Ave
Fred F French Building AVAILABLE, Now
Floor 11
Size 3,207 SF
Type OFFICE
Rate Contact for pricing
Sublease No
- Renowned 38-story landmark building located at the northeast corner of 45th Street in Midtown Manhattan - New 7,000 SF conference/amenity space now in progress - Beautifully restored building exterior, bronze entrances, and Art Deco lobby - Sweeping panoramic views of Manhattan - Steps from Grand Central and public transportation, and near major Midtown businesses, upscale 5-star hotels, elegant restaurants, and exclusive retailers - Prestigious building tenants include Morton’s The Steakhouse, Zamir Equities, Tommy Bahama, Inter Parfums, Inc., and Jonathan Rose Companies
Contact us
Listing Agency: The Feil Organization - Corporate
Listed By: Kevin Driscoll
Source: Moodyscre
Added: Oct 25, 2024 Changed: Oct 15 Last Checked: Oct 24 at 8:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Feil Organization - Corporate

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Investment Insights

Based on property information with market context.

Renowned as a 38-story landmark building, the property features a beautifully restored exterior with bronze entrances and an Art Deco lobby. Sweeping panoramic views of Manhattan are part of the experience for occupants. A new 7,000 SF conference/amenity space is now in progress, adding updated building support and shared areas.

Located at the northeast corner of 45th Street in Midtown Manhattan, the building is steps from Grand Central and public transportation. It is also positioned near major Midtown businesses, upscale 5-star hotels, elegant restaurants, and exclusive retailers. Tenant roster examples noted for the building include Morton’s The Steakhouse, Zamir Equities, Tommy Bahama, Inter Parfums, Inc., and Jonathan Rose Companies.

Key Highlights

  • 38‑story Midtown Manhattan landmark building on the northeast corner of 45th Street
  • New 7,000 SF conference/amenity space now in progress
  • Restored building exterior with bronze entrances and Art Deco lobby

Property Analytics

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Current Use

Weitzman Joseph M Law Firm Rheingold Giuffra Ruffo ... Law Firm Pasternack Tilker Ziegler ... Law Firm Matthew Funk Law Firm Roger J. Bernstein ... Law Firm

Suggested Use

Top Pick Pet Grooming Service Nursing Home Adult Day Care Buffet Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

94,218
Businesses Nearby
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Market

Lease Benchmarks for New York, NY

$53.75 /SF/Yr
Avg Asking Price
$37–$79 /SF/Yr
Price Range
41,112 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Renovated Art Deco lobby and new 7,000 SF conference/amenity space in a 38-story Midtown landmark.
Where is this office building located?
The property is located at 551 5th Ave New York, NY.
What are key features of this property?
This property features: 38‑story Midtown Manhattan landmark building on the northeast corner of 45th Street; New 7,000 SF conference/amenity space now in progress; Restored building exterior with bronze entrances and Art Deco lobby
(212) 279-7600 Call to check price and availability
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