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

Renovated office building with an ornate lobby and gold-leaf ceiling, featuring expansive windows and 24/7 monitored concierge service.

Property Size1,361 SF
Days on Market703

Property Features for 261 5th Ave

General Information

Standard status Active
Size 1,361 SF
Property subtype OFFICE

Amenities

24/7 concierge monitored lobby
Listing Agency: The Feil Organization - Corporate
Listed By: Timothy Parlante
Source: Moodyscre
Added: Aug 30, 2024 Changed: Jul 28 Last Checked: Aug 1 at 2:13PM

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 designed for strong daylighting and open sightlines. The property includes an ornate, impressive lobby with a gold-leaf ceiling, mosaic detailing, and distinctive chandeliers. Updates also include new elevators and refreshed common corridors, supporting a modernized tenant experience.

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

With a 24/7 concierge monitored lobby, the building is equipped for consistent front-desk presence and building security in its shared areas.

Key Highlights

  • Recently renovated office building with 24/7 monitored concierge in an ornate lobby
  • Ornate lobby features a gold‑leaf ceiling, mosaic detail, and unique chandeliers
  • Expansive windows offering exceptional views

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 - Renovated office building with an ornate lobby and gold-leaf ceiling, featuring expansive windows and 24/7 monitored concierge service.
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: Recently renovated office building with 24/7 monitored concierge in an ornate lobby; Ornate lobby features a gold‑leaf ceiling, mosaic detail, and unique chandeliers; Expansive windows offering exceptional views
(212) 609-8666 Call to check price and availability
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