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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 for lease.

Property Size8,594 SF
Days on Market829

Property Features for 505 Park Ave

General Information

Standard status Active
Size 8,594 SF
Property subtype OFFICE

Building Details

Year Built 1949
Stories 22
Building Size 175,171 SF
Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: Justin Royce
Source: Moodyscre
Added: Apr 23, 2024 Changed: Jul 30 Last Checked: Jul 30 at 3:42AM

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 22-story office building was built in 1949 and offers approximately 175,171 rentable square feet. The property is being offered for lease.

The building address is 505 Park Ave, New York, NY 10022.

For prospective tenants, the combination of a multi-story office configuration and a large rentable footprint can support a range of space needs within a single property.

Key Highlights

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

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

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

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