Renovated Office
389 5th Ave, New York, NY 10016
For Lease
Contact for pricing
The multi-story Class B property offers multiple rentable spaces and an attended lobby.
Space Size1,088 SF
Property Size123,195 SF
Days on Market36
Property Features for 389 5th Ave
General Information
Standard status
Size
Class
Elevators
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Sublease
Amenities
attended lobby
24/7 access
secure card-key system
Building Details
Year Built
Stories
Building Size
Tenancy
Spaces For Lease
at 389 5th Ave
389 5th Ave
AVAILABLE, Now
Floor
11
Size
1,088 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- Constructed in 1922, 389 5th Avenue is a 12-story office building located in between the Grand Central and Nomad submarkets in New York City. The property is comprised of 123,195 rentable square feet of office and showroom space.
- This corner building has windows on 3 sides and has been completely renovated, featuring a new lobby, new elevators, new corridors and new bathrooms throughout.
- The building has an attended lobby and is accessible 24/7/365 via a card-key access system.
- Myriad options for mass transit, fine dining and shopping are in close proximity to 389 Fifth. Grand Central Station, Penn Station, Bryant Park, Herald Square and the NY Public Library are all just a few blocks away.
- Notable tenants include GMA Accessories, Erwin Pearl, and Idealist.
- Furniture shown for example purposes only
- Landlord will build to suit
- Directly metered electricity
- Cafe
- Lobby attendant
Contact us
Listing Agency:
Koeppel Rosen LLC
(212) 249-1550
Listed By:
Max P. Koeppel
(212) 249-1855
Source:
Moodyscre
Added: Oct 6
Changed: Nov 9
Last Checked: Oct 7 at 8:16AM
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 Koeppel Rosen LLC
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Investment Insights
Based on property information with market context.
This 12-story office property, completed in 1922, contains approximately 123,195 rentable square feet of office and showroom space, with multiple suites available. A comprehensive renovation updated the lobby, elevators, corridors, and restrooms. Windows on three sides bring natural light into the corner building, and the lobby is attended. Tenants have secure card-key entry with access around the clock, every day of the year.
The property sits between the Grand Central and NoMad submarkets. Grand Central Terminal, Penn Station, Bryant Park, Herald Square, and the New York Public Library are nearby, along with dining and retail destinations. The building has hosted tenants including GMA Accessories, Idealist, and Pret-a-Manger.
The property sits between the Grand Central and NoMad submarkets. Grand Central Terminal, Penn Station, Bryant Park, Herald Square, and the New York Public Library are nearby, along with dining and retail destinations. The building has hosted tenants including GMA Accessories, Idealist, and Pret-a-Manger.
Key Highlights
- Approximately 123,195 rentable square feet of office and showroom space
- 12‑story office property built in 1922
- Renovated lobby, elevator systems, corridors, and restrooms
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
101,253
Businesses Nearby
Explore this area
Business Placement
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
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Market
Lease Benchmarks for New York, NY
$47.87 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
12,698 SF
Avg Space Size
Properties on Market for Office Units in New York
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The multi-story Class B property offers multiple rentable spaces and an attended lobby.
Where is this office unit located?
The property is located at 389 5th Ave New York, NY.
What are key features of this property?
This property features: Approximately 123,195 rentable square feet of office and showroom space; 12‑story office property built in 1922; Renovated lobby, elevator systems, corridors, and restrooms
