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Recently Renovated Office Space
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261 5th Ave, New York, NY 10016

Recently renovated office space in a 24/7 monitored lobby building with expansive windows and updated elevators.

Property Size2,439 SF
Days on Market1518

Property Features for 261 5th Ave

General Information

Standard status Active
Size 2,439 SF
Property subtype OFFICE

Amenities

24/7 concierge monitored lobby
ornate lobby with gold-leaf ceiling and mosaic detail and unique chandeliers
new elevators
updated common corridors
Listing Agency: The Feil Organization - Corporate
Listed By: Timothy Parlante
Source: Moodyscre
Added: Jun 7, 2022 Changed: Jul 26 Last Checked: Aug 1 at 11:49AM

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 space features expansive windows designed to deliver exceptional views. The building offers a 24/7 concierge monitored lobby and includes an ornate lobby with gold-leaf ceiling, mosaic detailing, and unique chandeliers.

The property is positioned near major Midtown destinations, including Flatiron and Madison Square Park, as well as Penn Station, the Empire State Building, Madison Square Garden, and Herald Square. It is also described as being in close proximity to multiple subway lines (N, R, 1, 2, and 3), New Jersey Path and Transit, and LIRR and Amtrak trains.

The common areas have been updated and modernized, including new elevators and refreshed common corridors.

Key Highlights

  • Recently renovated office space with expansive windows and exceptional views
  • 24/7 concierge monitored lobby with ornate gold‑leaf ceiling, mosaic detail, and unique chandeliers
  • New elevators and updated, modernized common corridors

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

$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 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 units - Recently renovated office space in a 24/7 monitored lobby building with expansive windows and updated elevators.
Where is this office units 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 space with expansive windows and exceptional views; 24/7 concierge monitored lobby with ornate gold‑leaf ceiling, mosaic detail, and unique chandeliers; New elevators and updated, modernized common corridors
(212) 609-8666 Call to check price and availability
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