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Historic Office Tower
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500 5th Ave, New York, NY 10110

59-story office tower built in 1938 offering large rentable space in Manhattan for lease.

Property Size5,904 SF
Days on Market195

Property Features for 500 5th Ave

General Information

Standard status Active
Size 5,904 SF
Property subtype OFFICE
Lease Type SF/yr

Building Details

Year Built 1938
Stories 59
Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: Harry Blair
Source: Moodyscre
Added: Jan 16 Changed: Jul 28 Last Checked: Jul 30 at 2:17PM

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 Cushman & Wakefield | Midtown Manhattan

Investment Insights

Based on property information with market context.

This 59-story office building was constructed in 1938 and totals approximately 600,813 rentable square feet. The property is offered for lease and is structured to support a broad range of office occupancy needs within a single high-rise platform.

The building is located at 500 5th Ave in New York, NY 10110. Prospective tenants can explore available office space within the tower’s overall rentable footprint.

Key Highlights

  • 59‑story office tower built in 1938
  • Approximately 600,813 rentable square feet

Property Analytics

Current Use

Dover Corporation Industrial Manufacturer Corigin Management Property Management Company Dr. Jennifer L. ... Pediatrician SLC Management Inc Corporate Office Centurion Realty Construction Company

Suggested Use

Top Pick Pet Grooming Service Buffet Locksmith (Bike/Boat/Book/etc) Store 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
$19.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

94,721
Businesses Nearby

Demographics for 10110, NY

14
Population
3
Households
4.7
Avg Household Size
32
Median Age

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

This space is priced 140% above the average of $54.13 /SF/Yr.

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 59-story office tower built in 1938 offering large rentable space in Manhattan for lease.
Where is this office building located?
The property is located at 500 5th Ave New York, NY.
What is the lease rate?
The lease rate is $130 SF/Yr.
What are key features of this property?
This property features: 59‑story office tower built in 1938; Approximately 600,813 rentable square feet
(212) 841-5996 Call to check price and availability
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