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Landmark Art Deco Office Tower
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551 5th Ave, New York, NY 10176

38-story landmark with restored exterior and Art Deco lobby; new 7,000 SF conference/amenity space is in progress.

Property Size3,371 SF
Days on Market203

Property Features for 551 5th Ave

General Information

Standard status Active
Size 3,371 SF
Property subtype OFFICE
Listing Agency: The Feil Organization - Corporate
Listed By: Kevin Driscoll
Source: Moodyscre
Added: Jan 8 Changed: Jul 28 Last Checked: Jul 29 at 2:47PM

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 The Feil Organization - Corporate

Investment Insights

Based on property information with market context.

This 38-story landmark office building features a beautifully restored exterior, bronze entrances, and an Art Deco lobby. A new 7,000 SF conference/amenity space is currently in progress, expanding the building’s on-site functionality.

The property is located at the northeast corner of 45th Street in Midtown Manhattan and is steps from Grand Central and public transportation. The building is also near major Midtown businesses, upscale hotels, restaurants, and exclusive retailers. Building tenants include Morton’s The Steakhouse, Zamir Equities, Tommy Bahama, Inter Parfums, Inc., and Jonathan Rose Companies.

Key Highlights

  • 38‑story landmark building on the northeast corner of 45th Street in Midtown Manhattan
  • New 7,000 SF conference/amenity space now in progress
  • Restored building exterior with bronze entrances and an Art Deco lobby

Property Analytics

Current Use

Weitzman Joseph M Law Firm Rheingold Giuffra Ruffo ... Law Firm Pasternack Tilker Ziegler ... Law Firm Matthew Funk Law Firm Roger J. Bernstein ... Law Firm

Suggested Use

Top Pick Pet Grooming Service Nursing Home Adult Day Care Buffet Locksmith (Bike/Boat/Book/etc) Store

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

94,218
Businesses Nearby

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

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
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Frequently Asked Questions

What type of property is this?
Office building - 38-story landmark with restored exterior and Art Deco lobby; new 7,000 SF conference/amenity space is in progress.
Where is this office building located?
The property is located at 551 5th Ave New York, NY.
What are key features of this property?
This property features: 38‑story landmark building on the northeast corner of 45th Street in Midtown Manhattan; New 7,000 SF conference/amenity space now in progress; Restored building exterior with bronze entrances and an Art Deco lobby
(212) 279-7600 Call to check price and availability
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