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

Recently renovated office building with an ornate lobby, new elevators, and modernized common corridors.

Property Size5,734 SF
Days on Market1518

Property Features for 261 5th Ave

General Information

Standard status Active
Size 5,734 SF
Elevators Yes
Property subtype OFFICE

Additional Details

Public Transit Yes

Amenities

expansive windows
24/7 concierge monitored lobby
ornate lobby with gold-leaf ceiling and mosaic detail and unique chandeliers
updated common corridors
Listing Agency: The Feil Organization - Corporate
Listed By: Timothy Parlante
Source: Moodyscre
Added: Jun 7, 2022 Changed: Jul 30 Last Checked: Aug 1 at 3:41AM

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.

This recently renovated office building offers expansive windows and exceptional views, with an ornate, impressive lobby featuring a gold-leaf ceiling and mosaic detail, plus unique chandeliers. Common areas have been upgraded, including new elevators and modernized common corridors.

The building is close to Flatiron and Madison Square Park, and near major Midtown destinations including Penn Station, the Empire State Building, Madison Square Garden, and Herald Square. Transit access is extensive, with the N, R, 1, 2, and 3 subway lines nearby, along with New Jersey Path and Transit, LIRR, and Amtrak trains.

With 24/7 concierge-monitored lobby service, the property is positioned for tenants seeking a well-finished experience in a highly walkable, amenity-rich Midtown setting. Total property size is 5,734 square feet.

Key Highlights

  • 5,734 SF office building with expansive windows and exceptional views
  • Recently renovated with updated common areas throughout
  • 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, new elevators, and modernized common corridors.
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: 5,734 SF office building with expansive windows and exceptional views; Recently renovated with updated common areas throughout; Ornate lobby with gold‑leaf ceiling, mosaic detail, and unique chandeliers
(212) 609-8666 Call to check price and availability
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