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Office Building with Conference/Amenity Space
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551 5th Ave, New York, NY 10176

38-story landmark office building with new 7,000 SF conference and amenity space in progress.

Property Size4,334 SF
Days on Market203

Property Features for 551 5th Ave

General Information

Standard status Active
Size 4,334 SF
Property subtype OFFICE
Listing Agency: The Feil Organization - Corporate
Listed By: Kevin Driscoll
Source: Moodyscre
Added: Jan 8 Changed: Jul 30 Last Checked: Jul 30 at 6:40AM

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.

A prestigious 38-story landmark office building at 551 5th Ave offers a newly planned 7,000 SF conference/amenity space now in progress. The exterior has been beautifully restored, featuring bronze entrances and an Art Deco lobby, designed to complement the building’s refined identity.

Positioned at the northeast corner of 45th Street in Midtown Manhattan, the property provides convenient access to public transportation and is steps from Grand Central. The building is also known for sweeping panoramic views of Manhattan.

Current tenants include Morton’s The Steakhouse, Zamir Equities, Tommy Bahama, Inter Parfums, Inc., and Jonathan Rose Companies. The combination of restored architectural details, upscale tenant mix, and Midtown transit access supports a strong option for office users seeking a high-profile address.

Key Highlights

  • 38‑story landmark office building
  • New 7,000 SF conference/amenity space now in progress
  • Restored exterior with bronze entrances and 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 office building with new 7,000 SF conference and amenity space 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 office building; New 7,000 SF conference/amenity space now in progress; Restored exterior with bronze entrances and Art Deco lobby
(212) 279-7600 Call to check price and availability
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