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    OFF-MARKET
    Office Spaces

    261 5Th Ave, New York, NY 10016

    403,296 SF Built 1928
    Property ID
    Property summary
    AI-generated overview

    261 Fifth Avenue offers exceptional executive office space in the heart of Manhattan. This 26-story, 403,296 square foot building, constructed in 1928, boasts a stunning Art Deco lobby with gold-leaf ceilings and mosaic details. Recently renovated, the building features modernized elevators and common areas, along with oversized windows providing abundant natural light. Suites range from 1,361 to 17,098 contiguous square feet, with a total of 21 suites and 81,684 square feet currently vacant. The building offers 120/208 three-phase power and is located in a thriving neighborhood near Madison Square Park, between the Flatiron and Garment Districts. Its location in a designated historic district adds to its prestige and unique character. The building's floor-to-floor ceiling height is 10'10", providing spacious and comfortable work environments. This is a rare opportunity to secure office space in a landmark building with classic architecture and modern amenities. The building's multiple tenancy structure allows for flexibility in space requirements. The convenient location provides easy access to various transportation options and a vibrant array of restaurants and retail establishments. This property presents a unique blend of historical charm and contemporary functionality, making it an ideal location for discerning businesses.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1928
    Total area 403,296 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Franco Manufacturing Co Industrial Manufacturer Production Facility
    • Mechanical Comfort Zone General Contractor Construction Company
    • Sara Stepper, AuD, CCC-A Physician
    • New York Eye and Ear Infirmary of Mt. Sinai Hospital
    • DKC Public Relations Marketing & Advertising Advertising Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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