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Office Building with Art Deco Lobby
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551 5th Ave, New York, NY 10176

38-story Midtown landmark with restored bronze entrances and an Art Deco-inspired lobby.

Property Size5,094 SF
Days on Market644

Property Features for 551 5th Ave

General Information

Standard status Active
Size 5,094 SF
Property subtype OFFICE
Listing Agency: The Feil Organization - Corporate
Listed By: Kevin Driscoll
Source: Moodyscre
Added: Oct 25, 2024 Changed: Jul 27 Last Checked: Jul 29 at 3:29PM

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

Investment Insights

Based on property information with market context.

A renowned 38-story office landmark featuring a beautifully restored exterior, bronze entrances, and an Art Deco lobby. The building offers sweeping panoramic Manhattan views, and a new 7,000 SF conference/amenity space is currently in progress to support tenant needs.

The property is located at 551 5th Ave and is steps from Grand Central and public transportation. It sits in Midtown near major business destinations, including upscale hotels, restaurants, and exclusive retailers. Prestigious current tenants include Morton’s The Steakhouse, Zamir Equities, Tommy Bahama, Inter Parfums, Inc., and Jonathan Rose Companies.

Key Highlights

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

Property Analytics

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 Locksmith (Bike/Boat/Book/etc) Store

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

Market

Lease Benchmarks for New York, NY

$54.13 /SF/Yr
Avg Asking Price
$37–$65 /SF/Yr
Price Range
148,527 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 building - 38-story Midtown landmark with restored bronze entrances and an Art Deco-inspired lobby.
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 landmark building in Midtown Manhattan at the northeast corner of 45th Street; New 7,000 SF conference/amenity space now in progress; Restored building exterior with bronze entrances and an Art Deco‑inspired lobby
(212) 279-7600 Call to check price and availability
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