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Office Building with 24/7 Concierge
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261 5th Ave, New York, NY 10016

Recently renovated office building with an ornate lobby and a 24/7 concierge monitored entrance.

Property Size6,015 SF
Days on Market1518

Property Features for 261 5th Ave

General Information

Standard status Active
Size 6,015 SF
Elevators Yes
Property subtype OFFICE

Additional Details

Public Transit Yes

Amenities

24/7 concierge monitored lobby
Listing Agency: The Feil Organization - Corporate
Listed By: Timothy Parlante
Source: Moodyscre
Added: Jun 7, 2022 Changed: Jul 29 Last Checked: Aug 1 at 7:21AM

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.

261 5th Ave is a recently renovated office building with 24/7 concierge monitored lobby service. The property features expansive windows designed to provide exceptional views, along with an ornate lobby highlighted by a gold-leaf ceiling, mosaic detail, and unique chandeliers.

The building’s location places it close to Flatiron and Madison Square Park, as well as Penn Station, the Empire State Building, Madison Square Garden, and Herald Square. Transit options nearby include the N, R, 1, 2, and 3 subway lines, New Jersey Path and Transit, LIRR, and Amtrak.

Building improvements include new elevators and updated, modernized common corridors.

Key Highlights

  • Recently renovated office building with expansive windows and exceptional views
  • 24/7 concierge monitored lobby
  • Ornate lobby with gold‑leaf ceiling, mosaic detail, and unique chandeliers

Property Analytics

Current Use

Franco Manufacturing Co Industrial Manufacturer Mechanical Comfort Zone General Contractor Sara Stepper, AuD, ... Physician New York Eye ... Hospital DKC Public Relations Marketing & Advertising

Suggested Use

Top Pick Pet Grooming Service Buffet (Bike/Boat/Book/etc) Store Locksmith 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

84,203
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
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

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 - Recently renovated office building with an ornate lobby and a 24/7 concierge monitored entrance.
Where is this office building located?
The property is located at 261 5th Ave New York, NY.
What are key features of this property?
This property features: Recently renovated office building with expansive windows and exceptional views; 24/7 concierge monitored lobby; Ornate lobby with gold‑leaf ceiling, mosaic detail, and unique chandeliers
(212) 609-8666 Call to check price and availability
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