Times Square South Office
For Lease
Contact for pricing
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 Market1298
Property Features for 498 7th Ave
General Information
Standard status
Active
Size
30,289 SF
Lot size
0.93 Acres
Property subtype
OFFICE
Spaces For Lease
at 498 7th Ave Contact us- Floor
- 21
- Size
- 30,289 SF
- Type
- OFFICE
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
498 7th Ave
- Space is white-boxed with polished concrete floors, exposed columns & new building...
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Contact us
Listing Agency:
George Comfort & Sons, Inc.
(212) 481-1122
Listed By:
Andrew F. Conrad
(212) 542-2101
Source:
Moodyscre
Added: Feb 20, 2023
Changed: Sep 4
Last Checked: Sep 10 at 12:11PM
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.
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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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
81,836
Businesses Nearby
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Business Placement
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Market
Lease Benchmarks for New York, NY
$48.8 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
12,444 SF
Avg Space Size
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Revitalized office space with modern amenities in Times Square South.
Where is this office units 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.
