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

Renovated Art Deco office building near Grand Central Terminal.

Space Size1,688 SF - 20,955 SF
Property Size430,165 SF
Days on Market1623

Property Features for 551 5th Ave

General Information

Standard status Active
Size 1,688 SF - 20,955 SF
Class A
Property subtype Office

Building Details

Building Size 430,165 SF
Year Built 1927
Tenancy Multiple

Spaces For Lease

at 551 5th Ave Contact us

10th Floor

Size
20,955 SF
Type
Office
Availability
Active
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8th Floor

Size
20,853 SF
Type
Office
Availability
Active
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Suite 1100

Size
6,778 SF
Type
Office
Availability
Active
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Suite 1125

Size
3,207 SF
Type
Office
Availability
Active
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Suite 1220

Size
5,094 SF
Type
Office
Availability
Active
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Suite 1425

Size
3,236 SF
Type
Office
Availability
Active
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Suite 1710

Size
4,334 SF
Type
Office
Availability
Active
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Suite 1720

Size
3,371 SF
Type
Office
Availability
Active
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Suite 1923

Size
1,688 SF
Type
Office
Availability
Active
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Suite 2000

Size
4,222 SF
Type
Office
Availability
Active
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Suite 2030

Size
4,609 SF
Type
Office
Availability
Active
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Suite 2040

Size
2,389 SF
Type
Office
Availability
Active
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Suite 419

Size
2,401 SF
Type
Office
Availability
Active
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Suite 620

Size
2,462 SF
Type
Office
Availability
Active
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Listing Agency: The Feil Organization
Listed By: Kevin Driscoll · License #NY
Source: Crexi
Added: Mar 15, 2022 Changed: Aug 14 Last Checked: Aug 23 at 7:05AM

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

Investment Insights

Based on property information with market context.

Located at 551 Fifth Avenue at 45th Street in New York City, the Fred F. French Building is an art deco structure designed in 1927 by H. Douglas Ives. The 38-story building is near major businesses, hotels, restaurants, retail stores, public transportation, and Grand Central Terminal, and offers views of Midtown Manhattan. The building served as the headquarters for Fred Fillmore French, who also developed Tudor City and Knickerbocker Village. The building's design incorporates art deco, ancient Babylonian, and European styles. The lobby, designated an interior landmark, features Roman travertine floors, St. Genevieve marble walls, cast bronze elevator doors, and patterned glass chandeliers. The exterior has a vertical facade of limestone and brick rising from a three-story limestone base, with orange brickwork, terracotta decor with black trim, themed rectangular patterns, bronze paneling, and bronze framed storefronts. The Fred F. French Building has been restored and upgraded with equipment, mechanicals, and elevator systems and is home to global corporations, Denihan Hospitality Group, and Morton’s Steakhouse.

Key Highlights

  • Prime Midtown Manhattan location: 551 Fifth Avenue at 45th Street, steps from major businesses, hotels, restaurants, retail, public transportation, and Grand Central Terminal.
  • Landmark Art Deco architecture: Designed in 1927, featuring a blend of Art Deco, Babylonian, and European styles with a striking limestone and brick facade.
  • Enjoy panoramic Midtown Manhattan views.

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

$65.36 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
40,991 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 - Renovated Art Deco office building near Grand Central Terminal.
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: Prime Midtown Manhattan location: 551 Fifth Avenue at 45th Street, steps from major businesses, hotels, restaurants, retail, public transportation, and Grand Central Terminal.; Landmark Art Deco architecture: Designed in 1927, featuring a blend of Art Deco, Babylonian, and European styles with a striking limestone and brick facade.; Enjoy panoramic Midtown Manhattan views.
(212) 279-7600 Call to check price and availability
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