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

38-story office landmark offers restored Art Deco lobby and new 7,000 SF conference/amenity space in progress.

Space Size2,401 SF
Days on Market739

Property Features for 551 5th Ave

General Information

Standard status Active
Size 2,401 SF
Property subtype OFFICE

Site & Location

Neighborhood Midtown Manhattan

Building Details

Stories 38

Spaces For Lease

at 551 5th Ave
Fred F French Building AVAILABLE, Now
Floor 4
Size 2,401 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
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Listing Agency: The Feil Organization - Corporate
Listed By: Kevin Driscoll
Source: Moodyscre
Added: Oct 25, 2024 Changed: Oct 25 Last Checked: Nov 1 at 3:05AM

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

Rey
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Investment Insights

Based on property information with market context.

Set within a renowned 38-story landmark building, this offering includes beautifully restored building exterior features, bronze entrances, and an Art Deco lobby. A new 7,000 SF conference/amenity space is currently in progress, designed to support building-wide professional needs.

The building is positioned steps from Grand Central and public transportation, with proximity to major Midtown businesses, upscale hotels, restaurants, and exclusive retailers. Confirmed tenant roster includes Morton’s The Steakhouse, Zamir Equities, Tommy Bahama, Inter Parfums, Inc., and Jonathan Rose Companies.

For tenants seeking a prestigious Midtown high-rise experience, the combination of classic lobby finishes, restored exterior details, and an expanding conference/amenity component supports a polished workplace environment.

Key Highlights

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

Property Analytics

Who owns this building? See the owner, sales and loan history
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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

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

$51.45 /SF/Yr
Avg Asking Price
$37–$65 /SF/Yr
Price Range
41,254 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 - 38-story office landmark offers restored Art Deco lobby and new 7,000 SF conference/amenity space in progress.
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 office landmark at the northeast corner of 45th Street in Midtown Manhattan; New 7,000 SF conference/amenity space is now in progress; Restored building exterior with bronze entrances and an Art Deco lobby
(212) 279-7600 Call to check price and availability
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