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Turnkey Office Floor with Amenities
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575 Lexington Ave, New York, NY 10022

Demised office floor currently demolished, with landlord turnkey options and access to a 14th-floor amenity space.

Property Size35,865 SF
Days on Market1255

Property Features for 575 Lexington Ave

General Information

Standard status Active
Size 35,865 SF
Class A
Property subtype OFFICE

Amenities

terrace
lounge
coffee bar

Building Details

Stories 35
Tenancy Multi
Listing Agency: George Comfort & Sons, Inc.
Listed By: Neil King
Source: Moodyscre
Added: Feb 21, 2023 Changed: Jul 26 Last Checked: Jul 30 at 1:54PM

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 George Comfort & Sons, Inc.

Investment Insights

Based on property information with market context.

This is a Class A office building offering flexible floor plates suitable for a range of tenancy sizes, with suites sized from 8,600 to 41,410 RSF. The floor currently is demolished, and the landlord will provide turnkey delivery or a tenant improvement (TI) allowance. A submitted plan is described as a test-fit and may change.

The building is located at 575 Lexington Avenue between 51st and 52nd Street in Midtown Manhattan’s Plaza District. Tenant access to the E, M, and 6 subway lines is available at the Lexington and 51st Street station just outside the entrance. The property is also described as being approximately seven blocks from Grand Central Terminal, with access via the Grand Central North passage entrance.

Tenants have access to the 14th-floor amenity space, which includes a terrace, lounge, and coffee bar, and there is also noted opportunity for a full-floor arrangement.

Key Highlights

  • 35‑story, 745,487 SF Class‑A office building in Midtown Manhattan’s Plaza District
  • Flexible floor plates from 8,600 to 41,410 RSF for leasing big blocks or smaller suites
  • Access via the Lexington Ave & 51st St station with E, M, and 6 subway service just outside the entrance

Property Analytics

Current Use

Scarlett Marketing & Advertising Spontaneous Film Production lifetime plumbing General Contractor Bluerock Video Editing Service Tiffany Ma, Esq. Law Firm

Suggested Use

Top Pick Law Firm Parking Lot & Garage Dental Office Real Estate Agency Auto Parts Store Acupuncture

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

68,223
Businesses Nearby

Demographics for 10022, NY

36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value

Market

Lease Benchmarks for New York, NY

$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 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
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Frequently Asked Questions

What type of property is this?
Office units - Demised office floor currently demolished, with landlord turnkey options and access to a 14th-floor amenity space.
Where is this office units located?
The property is located at 575 Lexington Ave New York, NY.
What are key features of this property?
This property features: 35‑story, 745,487 SF Class‑A office building in Midtown Manhattan’s Plaza District; Flexible floor plates from 8,600 to 41,410 RSF for leasing big blocks or smaller suites; Access via the Lexington Ave & 51st St station with E, M, and 6 subway service just outside the entrance
(212) 542-2116 Call to check price and availability
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