505 Park Avenue

Direct Office Spaces for Rent

$ / SF SF Monthly Rent
Negotiable 4,600 Negotiable
$ 54 3,600 $ 16,102
$ / SF SF Monthly Rent
$ 64 6,100 $ 32,533

Sublease Office Spaces for Rent

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent

Nearby Coworking Office Spaces for Rent

Type of Space Class A Class B Class C
Windowed office/person $ 2,500/mo $ 1,500/mo $ 1,000/mo
Interior office/person $ 1,500/mo $ 1,000/mo $ 700/mo

Nearby Office Spaces for Rent

Address $ / SF SF Monthly Rent
E 58th St & Park Avenue $ 47 2,300 $ 8,984
E 60th St & Madison Avenue $ 71 1,700 $ 10,058
Lexington Ave & East 61st Street $ 57 1,100 $ 5,179
Lexington Ave & East 58th Street $ 35 1,000 $ 2,875
Address $ / SF SF Monthly Rent
Lexington Ave & East 59th Street $ 65 3,200 $ 17,333
E 59th St & Madison Avenue $ 62 4,200 $ 21,525
Address $ / SF SF Monthly Rent
E 59th St & Park Avenue $ 77 13,300 $ 85,286
Park Ave & East 58th Street $ 96 9,300 $ 74,361
Park Ave & East 59th Street $ 82 18,800 $ 128,740
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505 Park Avenue

505 Park Avenue, located in the Plaza District neighborhood of Manhattan, is a 22-story office building providing high-quality office space for rent. Spanning 231,647 square feet, this building is suitable for businesses of all sizes. Constructed in 1949, it is home to several tenants and is serviced by fiber providers such as Verizon New York, Cogent Communications, and Lightower.

At the moment, coworking options are not available, but our team can assist you in finding and securing the best deals on these types of office spaces. Our experienced negotiators work with providers to ensure that there are no additional charges. Additionally, the building offers sublease options for those in need of temporary office solutions.

One of the most appealing aspects of 505 Park Avenue is its convenient location near various subway stations. The zip code 10022 is served by the 59th Street Subway Station, which provides access to the 4, 5, and 6 train lines. The Lexington Avenue-59th Street Subway Station is only a four-minute walk away, offering access to the N, Q, and R trains. Furthermore, the nearby 5th Avenue-59th Street Subway Station and Lexington Avenue-63rd Street Subway Station provide access to the N, Q, R; and F and E lines, respectively.

In terms of cost, the average lease rate for office space in 2021 is $64.0 per square foot, showing a slight increase from the 2020 rate of $72.33 per square foot. However, regardless of market trends, our team can assist you in negotiating the best possible deal within your budget.

505 Park Avenue Property Overview

Bulding Address: 505 Park Ave
Bulding Name: 505 Park Avenue
Building Alternate address(es): 505 Park Ave
Zip Code:10022
Neighborhood:Plaza District
Borough:Manhattan
Stories:22
Year Built:1949
Building Class:A
Block & lot:01394-0001

Map Location

Internet Providers at 505 Park Avenue

Internet Provider Technology Max Download Speed Max Upload Speed
Verizon New York Fiber 1 Gb/s 25 Mb/s
Lightower Fiber 10 Gb/s 10 Gb/s
Cogent Communications Fiber 10 Gb/s 10 Gb/s
Office Tenants Rented / Leased 505 Park Avenue
  • Olayan America Corporation leased 39,300 SF
  • Loeb Block & Partners LLP leased 26,275 SF
  • Stillman Development leased 3,850 SF
  • Kable Distribution Services leased 10,850 SF
  • The Olayan Group leased 24,453 SF
  • Triangle Capital LLC leased 1,484 SF
  • J & W Management Corp. leased 6,995 SF

Retail Tenants Rented / Leased 505 Park Avenue
  • Hair Color Experts leased 0 SF

Nearby Retail Tenants Leased
  • Shoe Woo leased 5,100 SF at 750 Lexington Ave
  • Daum Inc.; Haviland Inc. leased 4,500 SF at 499 Park Ave
  • Atelier Aimee leased 3,345 SF at 475 Park Ave

Office Rent 505 Park Avenue Average

Year $ / SF
2018 66.8
2020 72.33
2021 64.0
Year $ / SF
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