551 Fifth Avenue
Class: A + 10176 Buildings Grand Central
Direct Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 2,000 | Negotiable |
| $ 54 | 2,400 | $ 10,800 |
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 3,200 | Negotiable |
| $ 73 | 3,400 | $ 20,796 |
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 21,000 | Negotiable |
| $ 73 | 7,400 | $ 44,831 |
Nearby Office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & West 45th Street | $ 64 | 5,800 | $ 30,764 |
| Fifth Ave & West 45th Street | $ 63 | 5,900 | $ 31,061 |
| Fifth Ave & West 44th Street | $ 66 | 8,200 | $ 44,792 |
| Fifth Ave & East 46th Street | $ 96 | 9,300 | $ 74,710 |
| Fifth Ave & East 46th Street | $ 69 | 5,300 | $ 30,629 |
| Madison Ave & East 45th Street | $ 85 | 14,200 | $ 100,997 |
| Madison Ave & East 46th Street | $ 66 | 6,000 | $ 33,200 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 45th St & Fifth Avenue | $ 54 | 2,600 | $ 11,635 |
| Fifth Ave & West 45th Street | $ 50 | 2,000 | $ 8,333 |
| E 45th St & Madison Avenue | $ 38 | 2,500 | $ 8,020 |
| E 46th St & Fifth Avenue | $ 42 | 2,700 | $ 9,450 |
| W 45th St & Fifth Avenue | $ 49 | 1,700 | $ 6,941 |
| E 44th St & Fifth Avenue | $ 51 | 1,900 | $ 8,027 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 44th St & Madison Avenue | $ 45 | 2,700 | $ 10,125 |
| W 46th St & Fifth Avenue | $ 57 | 1,100 | $ 5,225 |
| E 47th St & Madison Avenue | $ 41 | 2,500 | $ 8,479 |
| W 46th St & Avenue of the Americas | $ 40 | 1,800 | $ 6,000 |
| W 47th St & Avenue of the Americas | $ 53 | 2,900 | $ 12,808 |
| W 39th St & Between 5th Avenue | $ 31 | 2,500 | $ 6,458 |
Sublease Office Spaces for Rent
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 1,900 | Negotiable |
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 3,900 | Negotiable |
| $ 45 | 3,000 | $ 11,350 |
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 5,600 | Negotiable |
| $ 57 | 6,800 | $ 32,073 |
Nearby Sublease Office Spaces for Rent
Nearby Office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & West 45th Street | $ 64 | 5,800 | $ 30,764 |
| Fifth Ave & West 45th Street | $ 63 | 5,900 | $ 31,061 |
| Fifth Ave & West 44th Street | $ 66 | 8,200 | $ 44,792 |
| Fifth Ave & East 46th Street | $ 96 | 9,300 | $ 74,710 |
| Fifth Ave & East 46th Street | $ 69 | 5,300 | $ 30,629 |
| Madison Ave & East 45th Street | $ 85 | 14,200 | $ 100,997 |
| Madison Ave & East 46th Street | $ 66 | 6,000 | $ 33,200 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 45th St & Fifth Avenue | $ 54 | 2,600 | $ 11,635 |
| Fifth Ave & West 45th Street | $ 50 | 2,000 | $ 8,333 |
| E 45th St & Madison Avenue | $ 38 | 2,500 | $ 8,020 |
| E 46th St & Fifth Avenue | $ 42 | 2,700 | $ 9,450 |
| W 45th St & Fifth Avenue | $ 49 | 1,700 | $ 6,941 |
| E 44th St & Fifth Avenue | $ 51 | 1,900 | $ 8,027 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 44th St & Madison Avenue | $ 45 | 2,700 | $ 10,125 |
| W 46th St & Fifth Avenue | $ 57 | 1,100 | $ 5,225 |
| E 47th St & Madison Avenue | $ 41 | 2,500 | $ 8,479 |
| W 46th St & Avenue of the Americas | $ 40 | 1,800 | $ 6,000 |
| W 47th St & Avenue of the Americas | $ 53 | 2,900 | $ 12,808 |
| W 39th St & Between 5th Avenue | $ 31 | 2,500 | $ 6,458 |
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 |
Thank you! we will be in touch.
Sander Partnership Inc Testimonial
551 Fifth Avenue
Located in the Grand Central neighborhood of Manhattan, 551 Fifth Avenue is a 38-story office building that offers a variety of options for renting, leasing, coworking, or subleasing office space. There are also opportunities for coworking at this location. Built in 1927, this building is classified as Class A and has a total of 430,156 square feet of rentable office space, accommodating offices of different sizes. Along with leasing options, subleasing options may also be available. Rental prices per square foot have followed market trends, with an average of $60.84 in 2022 and $58.54 in 2021.
Transportation is highly convenient, as there are multiple subway lines nearby. The 5 Avenue-Bryant Park Subway Station is only a four-minute walk away and provides access to the 7 train lines. The Grand Central-42 Street Subway Station, an eight-minute walk away, offers access to the 4, 42 St Shuttle, 5, 6, and 7 train lines. Both the 47-50 Streets-Rockefeller Center Subway Station and the 42 Street-Bryant Park Subway Station are also eight minutes away and provide access to the B, D, F, and M train lines. Finally, the 5 Avenue-53 Street Subway Station, located a nine-minute walk away, allows easy access to the E and M train lines.
Transportation is highly convenient, as there are multiple subway lines nearby. The 5 Avenue-Bryant Park Subway Station is only a four-minute walk away and provides access to the 7 train lines. The Grand Central-42 Street Subway Station, an eight-minute walk away, offers access to the 4, 42 St Shuttle, 5, 6, and 7 train lines. Both the 47-50 Streets-Rockefeller Center Subway Station and the 42 Street-Bryant Park Subway Station are also eight minutes away and provide access to the B, D, F, and M train lines. Finally, the 5 Avenue-53 Street Subway Station, located a nine-minute walk away, allows easy access to the E and M train lines.
551 Fifth Avenue Property Overview
| Bulding Address: | 551 Fifth Ave |
| Bulding Name: | Fred F. French Building |
| Building Alternate address(es): | 551 5th Ave |
| Zip Code: | 10176 |
| Neighborhood: | Grand Central |
| Borough: | Manhattan |
| Stories: | 38 |
| Year Built: | 1927 |
| Building Class: | A |
| Block & lot: | 01281-0001 |
Map Location
Office Tenants Rented / Leased 551 Fifth Avenue
Retail Tenants Rented / Leased 551 Fifth Avenue
- International Gemological Institute leased 20,400 SF
- Schoeman, Updike & Kaufman LLP leased 16,000 SF
- Schoeman Updike & Kaufman LLP leased 16,018 SF
- ABM Industries leased 29,063 SF
- Kleinberg, Kaplan, Wolff & Cohen PC leased 9,000 SF
- Savin Diamond leased 5,054 SF
- Argent Ventures leased 5,071 SF
Retail Tenants Rented / Leased 551 Fifth Avenue
- Tommy Bahama leased 9,584 SF
- Tommy Bahama leased 8,500 SF
Nearby Office Tenants Leased
Nearby Retail Tenants Leased
- Barneys leased 48,000 SF at 575 Fifth Ave
- Reis leased 33,000 SF at 530 Fifth Ave
- Institutional Credit Partners leased 20,383 SF at 360 Madison Ave
- Axispoint Inc. leased 19,200 SF at 350 Madison Ave
- GEP II LLC leased 10,493 SF at 555 Fifth Ave
- Ascent Media Group leased 8,582 SF at 545 Fifth Ave
- Redburn Partners leased 6,000 SF at 565 Fifth Ave
Nearby Retail Tenants Leased
- General Electric leased 37,000 SF at 530 Fifth Ave
- Barnes & Noble leased 34,000 SF at 555 Fifth Ave
- Guess leased 13,000 SF at 575 Fifth Ave
- Ricky's leased 3,500 SF at 550 Fifth Ave
Office Rent 551 Fifth Avenue Average
| Year | $ / SF |
|---|---|
| 2018 | 59.86 |
| 2019 | 66.67 |
| 2020 | 92.53 |
| 2021 | 58.54 |
| 2022 | 60.84 |
| Year | $ / SF |
|---|---|
| 2019 | 192.0 |
| 2023 | 53.0 |
