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Mixed-Use Office Tower

505 5th Ave, New York, NY 10017

For Lease
New
Contact for pricing

A glass-curtain-wall tower combines office and retail space with tenant-controlled HVAC and secure building access.

Space SizeContact for details
Property Size300,000 SF
Days on Market3

Property Features for 505 5th Ave

General Information

Standard status Active
Size 300,000 SF
Class Trophy
Property subtype office

Site & Location

Neighborhood Midtown Manhattan
Public Transit Yes
Utilities to Site Yes

Amenities

terraces/atriums
concierge
messenger service
direct power metering
buss duct distribution
emergency generators
card key access
video surveillance
attended lobby
high-speed internet
multiple telecom providers
roof antenna/satellite space
24/7 HVAC
condenser water
pedestal convectors

Building Details

Building Size 300,000 SF
Construction concrete
Listing Agency: New York
Listed By: Kristen Morgan · License NY #10401263287
Source: Property.jll
Added: Nov 8 Changed: Nov 9 Last Checked: Jul 16 at 4:29PM

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 New York

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This Class A mixed-use tower at 505 Fifth Avenue contains 275,000 square feet of office space and 25,000 square feet of retail. Floor plans vary, and select floors include terraces or atriums. The building’s glass curtain wall provides city views, while floor-by-floor HVAC units are available 24/7 for tenant control. Building systems include direct utility metering, emergency generators, card-key entry, video surveillance, and a continuously staffed lobby. Telecommunications infrastructure includes redundant entry points and multiple provider options.

The property stands at Fifth Avenue and 42nd Street, one block from Grand Central Terminal. Pedestrian, vehicle, and mass-transit access are available, and restaurants, retail businesses, clubs, and hotels are nearby. The structure is cast-in-place concrete, with provisions on the base floors for internal staircases.

Key Highlights

  • 275,000 square feet of office space and 25,000 square feet of retail
  • One block from Grand Central Terminal, at Fifth Avenue and 42nd Street
  • Select floors feature terraces or atriums

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Cartesian Royalty Holdings Film Production Cognetic Capital Advisors Consultant Atalanta Sosnoff Capital ... Financial Advisor Nord LB Bank Universal Images Employment Agency

Suggested Use

Top Pick Pet Grooming Service Buffet Parking Lot & Garage Plumbing Service Electrical Service HVAC 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

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

94,721
Businesses Nearby

Demographics for 10017, NY

17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Mixed-use properties in New York

Jul
Aug
Sep
Oct

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?
Mixed-use property - A glass-curtain-wall tower combines office and retail space with tenant-controlled HVAC and secure building access.
Where is this mixed-use property located?
The property is located at 505 5th Ave New York, NY.
What are key features of this property?
This property features: 275,000 square feet of office space and 25,000 square feet of retail; One block from Grand Central Terminal, at Fifth Avenue and 42nd Street; Select floors feature terraces or atriums
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