Flatiron District Office Space
For Lease
Contact for pricing
251 Park Ave S, New York, NY 10010
Commercial building in a vibrant, active office market.
Space Size7,668 SF
Property Size119,000 SF
Days on Market1622
Property Features for 251 Park Ave S
General Information
Standard status
Active
Size
7,668 SF
Property subtype
Office
Building Details
Building Size
119,000 SF
Year Built
1909
Tenancy
Multiple
Spaces For Lease
at 251 Park Ave S Contact us- Size
- 7,668 SF
- Type
- Office
- Availability
- Active
6th Floor
Listing Agency:
The Feil Organization
Listed By:
Robert Fisher · License #NY
Source:
Crexi
Added: Mar 15, 2022
Changed: Aug 8
Last Checked: Aug 21 at 11:40AM
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
Investment Insights
Based on property information with market context.
Located in Manhattan’s Flatiron District, near Union Square and Gramercy Park, 251 Park Avenue South is a 16-story commercial building. Completed in 1909, this 120,000 square foot prewar building features a light stone tile facade and large glass windows. The building offers 12-foot ceilings through the lower floors and ceilings reaching 16 feet on the upper floors. A major renovation program is planned for the property, including the building’s windows, lobby, elevators, and mechanical systems. Pre-built suites will also be designed. The Park Avenue South area is a hub for Technology, Advertising, Media, and Information (TAMI) tenants and is known for its retailers and dining destinations, such as the Old Town Bar and Restaurant, Pete’s Tavern, and Shake Shack. Nearby are Baruch College, Gramercy Park Hotel, the Metropolitan Life Insurance Tower, the Flatiron Building, Cabrini Medical Center, and Gramercy, Union Square, and Madison Square Parks. Long-term tenants in the building include Maharam, a fabric design company occupying more than 20,000 square feet of office space, and Santander Bank, occupying retail store space.
Key Highlights
- Prime location in the highly desirable Flatiron District/Union Square/Gramercy Park area.
- Planned major renovation program including windows, lobby, elevators, and mechanical systems.
- High ceilings, ranging from 12 feet on lower floors to 16 feet on upper floors.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
49,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 10010, NY
33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
Median Home Value
Market
Lease Benchmarks for New York, NY
$65.36 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
40,991 SF
Avg Space Size
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial building in a vibrant, active office market.
Where is this office building located?
The property is located at 251 Park Ave S New York, NY.
What are key features of this property?
This property features: Prime location in the highly desirable Flatiron District/Union Square/Gramercy Park area.; Planned major renovation program including windows, lobby, elevators, and mechanical systems.; High ceilings, ranging from 12 feet on lower floors to **16 feet on upper floors**.
