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Times Square South Office Space
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498 7th Ave, New York, NY

Revitalized office space with modern amenities in Times Square South.

Space Size30,289 SF
Lot Size0.93 Acres
Days on Market1343

Property Features for 498 7th Ave

General Information

Standard status Active
Size 30,289 SF
Lot size 0.93 Acres
Property subtype OFFICE

Site & Location

Neighborhood Midtown Manhattan

Spaces For Lease

at 498 7th Ave
498 7th Ave AVAILABLE, Now
Floor 21
Size 30,289 SF
Type OFFICE
Rate Contact for pricing
Sublease No
- Space is white-boxed with polished concrete floors, exposed columns & new building standard ADA core bathrooms. - 498 Seventh Avenue is a 25-story, 960,000 SF office and retail property situated at the epicenter of Times Square South. The Property offers a critical mass of premier mixed-use space in an unparalleled location. The Property’s large, flexible floor plates (30,200 to 48,000 SF), generous office ceiling heights (11’7” to 14’4’’ slab-to-ceiling), unique outdoor space, and plentiful light and air provide an ideal environment for the advertising, creative, technology, media, and information tenants that have come to define the Times Square South submarket. The Property benefits from its location between Penn Station, Grand Central Terminal, Port Authority and Herald Sq. subway station, providing quick access to the B, D, F, M, N, Q, R, W, A, C, E, 1, 2, 3, 4, 5 and 6 trains. Penn Station offers light rail service via NJ Transit, Long Island Railroad, and Amtrak to New Jersey, Long Island, and destinations beyond. - 498 7th Avenue is designed to be a mission critical hub and convenient home base for our tenants. To that end, the building is being newly revitalized to offer even more strategic advantages and amenities, including: - New entrances & street-level retail storefronts - New Gensler-designed, 24/7 attended lobby: elegant, high-end, with modern stone & granite finishes - New destination dispatch elevators - New turnstiles for touchless entry - New private lounge on lobby floor: ideal for out-of-office meetings & extended workspace - New grab & go coffee shop & café by: - New hi-tech security system - Touchless fixtures in all multi-tenant bathrooms - Increased cleaning personnel to disinfect all high touch points at all hours - Wave sensors mounted on property entry doors - Additional Bike Racks installed at the property - CASPR 200e Disinfecting Technology consisting of UV lights installed in all passenger elevators - Electrostatic Spraying of lobby and all high touch points throughout the property - Increased Fresh Air Intake by flushing building with 100% outside air whenever possible - Upgraded Toilet Exhaust to promote better air circulation within confined bathroom stalls - Upgraded Merv 13 Air Filters with ratings that are at or above ASHRAE/CDC recommendation - Facial Recognition Turnstiles with StoneLock Facial biometric readers for a contactless entry - SV3 Visitor Management System: A touchless visitor management platform. Visitors enter the building, launch their unique digital key and present to access points, and proceed on the way to their destination - Destination Dispatch Elevators installed with QR Readers to read mobile phones for a touchless entry experience
Contact us
Listing Agency: George Comfort & Sons, Inc.
Listed By: Andrew F. Conrad
Source: Moodyscre
Added: Feb 20, 2023 Changed: Oct 25 Last Checked: Oct 24 at 7:56PM

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 George Comfort & Sons, Inc.

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Investment Insights

Based on property information with market context.

This is a 30,289 square foot office space located at 498 Seventh Avenue, a 25-story office and retail property in Times Square South. The space is white-boxed, featuring polished concrete floors, exposed columns, and new ADA-compliant core bathrooms. The property is situated between Penn Station, Grand Central Terminal, Port Authority, and Herald Square subway station, offering access to various train lines. Penn Station provides light rail service via NJ Transit, Long Island Railroad, and Amtrak. The building is being revitalized with new entrances and street-level retail storefronts, a Gensler-designed 24/7 attended lobby with stone and granite finishes, new destination dispatch elevators, and turnstiles for touchless entry. Additional amenities include a private lounge on the lobby floor, a grab-and-go coffee shop and café, a hi-tech security system, and touchless fixtures in multi-tenant bathrooms. Increased cleaning personnel disinfect high-touch points, and wave sensors are mounted on property entry doors. Additional bike racks are installed. CASPR 200e Disinfecting Technology, consisting of UV lights, is installed in all passenger elevators. Electrostatic spraying is used in the lobby and on all high-touch points. Fresh air intake is increased by flushing the building with 100% outside air whenever possible. Toilet exhaust is upgraded to promote better air circulation, and Merv 13 air filters meet or exceed ASHRAE/CDC recommendations. Facial Recognition Turnstiles with StoneLock Facial biometric readers and the SV3 Visitor Management System offer contactless entry.

Key Highlights

  • Unparalleled Location: At the epicenter of Times Square South with exceptional access to transportation hubs.
  • Revitalized with New Amenities: Enjoy a new Gensler‑designed lobby, destination dispatch elevators, and a private lounge.
  • Enhanced Health & Safety Measures: Features touchless fixtures and CASPR 200e disinfecting technology.

Property Analytics

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Open Analytics

Current Use

The Sidney Hillman Foundation Charitable Organization Addicting Games Corporate Office Troupe Agency Marketing & Advertising Wilkins Media Association Or Organization Equativ (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet Parking Lot & Garage Plumbing Service Electrical 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

81,836
Businesses Nearby
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Market

Lease Benchmarks for New York, NY

$46.95 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
13,103 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

Frequently Asked Questions

What type of property is this?
Office unit - Revitalized office space with modern amenities in Times Square South.
Where is this office unit located?
The property is located at 498 7th Ave New York, NY.
What are key features of this property?
This property features: Unparalleled Location: At the epicenter of Times Square South with exceptional access to transportation hubs.; Revitalized with New Amenities: Enjoy a new Gensler‑designed lobby, destination dispatch elevators, and a private lounge.; Enhanced Health & Safety Measures: Features touchless fixtures and CASPR 200e disinfecting technology.
(212) 542-2101 Call to check price and availability
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