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22-Story Office Building
For Lease
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505 Park Ave, New York, NY 10022

22-story office building built in 1949 offering approximately 175,171 rentable square feet.

Property Size2,102 SF
Days on Market479

Property Features for 505 Park Ave

General Information

Standard status Active
Size 2,102 SF
Property subtype OFFICE
Lease Type SF/yr

Additional Details

Business Included No

Building Details

Year Built 1949
Stories 22
Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: Justin Royce
Source: Moodyscre
Added: Apr 8, 2025 Changed: Jul 28 Last Checked: Jul 30 at 1:24PM

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 Cushman & Wakefield | Midtown Manhattan

Investment Insights

Based on property information with market context.

This is a 22-story office building built in 1949, totaling approximately 175,171 rentable square feet.

The property is offered for rent and is located at 505 Park Ave in New York, NY 10022.

With a substantial high-rise footprint, the building can support a range of office occupancy needs, subject to available space and lease terms.

Key Highlights

  • 22‑story office building built in 1949
  • Approximately 175,171 rentable square feet

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Butcher Auto Parts Store (Bike/Boat/Book/etc) Store Buffet Pet Grooming Service Nursing Home

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
$9.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

52,828
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

$54.13 /SF/Yr
Avg Asking Price
$37–$65 /SF/Yr
Price Range
148,527 SF
Avg Space Size

This space is priced 20% above the average of $54.13 /SF/Yr.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - 22-story office building built in 1949 offering approximately 175,171 rentable square feet.
Where is this office building located?
The property is located at 505 Park Ave New York, NY.
What is the lease rate?
The lease rate is $65 SF/Yr.
What are key features of this property?
This property features: 22‑story office building built in 1949; Approximately 175,171 rentable square feet
(212) 841-7764 Call to check price and availability
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