212-984-8364
521 Fifth Ave, New York, NY for Rent

Office - For Rent
1/10
6,046-44,944 SF | 4 Spaces

521 Fifth Ave
New York, NY 10175
Midtown East


HIGHLIGHTS

  • Steps from Grand Central Terminal with direct access to major subway and commuter rail lines.
  • LEED Gold certification emphasizing sustainability and energy efficiency.
  • Multiple private terraces offering skyline views and premium setting for tenants.
  • Over 100 feet of storefront along Fifth Avenue with substantial pedestrian traffic.
  • Surrounded by iconic dining, hospitality, and cultural amenities in Midtown Manhattan.
  • Boutique floor plates designed for flexibility and maximum natural light.

OVERVIEW

521 Fifth Avenue is a premier 39-story Class A office tower positioned adjacent to Grand Central Station in Midtown Manhattan, one of the most transit-accessible and densely trafficked commercial corridors in the nation. Spanning over 460,000 square feet, this LEED Gold-certified property offers investors an opportunity to acquire a trophy asset in a submarket exhibiting sustained demand and limited vacancy among top-tier buildings. Current occupancy of approximately 64% provides immediate in-place income with significant upside through lease-up potential, backed by robust tenant demand in the Grand Central market. The asset benefits from oversized windows delivering exceptional light and city views, boutique floor plates conducive to efficient layout plans, and six terraces that command premium rents. Additionally, more than 50,000 square feet of ground-level retail and over 100 feet of Fifth Avenue frontage provide notable street-level presence and ancillary income channels. With over 75 million pedestrians passing annually, future retail repositioning presents further revenue opportunities. Situated at a global business address surrounded by influential corporate neighbors such as JP Morgan, Amazon, Blackstone, and Citadel, this offering represents long-term stability and enduring value.

RENTAL DETAILS

SPACE AVAILABLE

6,046-44,944 SF

# OF SPACES

4

RENT RATE (MO)

Request Info for Rent

RENT RATE (YR)

Request Info for Rent

LEASE TYPE

Modified Gross

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

460,000 SF

BUILDING CLASS

B

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166.4 SF

ZONING

C5-3, Manhattan (O4)

ASK ABOUT THIS PROPERTY

Peter TurchinCBRE, Inc.More Info
212-984-8364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Peter TurchinCBRE, Inc.More Info
212-984-8364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.