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Renovated Office Building with Concierge Lobby
For Lease
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261 5th Ave, New York, NY 10016

Recently renovated office building with expansive windows and a 24/7 concierge monitored lobby in Midtown Manhattan.

Property Size3,462 SF
Days on Market1518

Property Features for 261 5th Ave

General Information

Standard status Active
Size 3,462 SF
Elevators Yes
Property subtype OFFICE

Additional Details

Public Transit Yes

Amenities

24/7 concierge
ornate lobby
updated common corridors
Listing Agency: The Feil Organization - Corporate
Listed By: Timothy Parlante
Source: Moodyscre
Added: Jun 7, 2022 Changed: Jul 31 Last Checked: Aug 1 at 2:45PM

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.

Recently renovated office building featuring expansive windows designed for exceptional views. The property includes an ornate lobby with gold-leaf ceiling and mosaic detail, complemented by unique chandeliers. Building upgrades also include new elevators and modernized common corridors.

The building is located near Flatiron and Madison Square Park, with close proximity to Penn Station, Empire State Building, Madison Square Garden, and Herald Square. Transit access is strong with proximity to the N, R, 1, 2, and 3 subway lines, New Jersey Path and Transit, LIRR, and Amtrak.

The space totals 3,462 square feet and is supported by a 24/7 concierge monitored lobby for a managed, tenant-focused arrival experience.

Key Highlights

  • 3,462 SF office building
  • Recently renovated
  • 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 expansive windows and a 24/7 concierge monitored lobby in Midtown Manhattan.
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: 3,462 SF office building; Recently renovated; Ornate lobby with gold‑leaf ceiling, mosaic detail, and unique chandeliers
(212) 609-8666 Call to check price and availability
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