561 Seventh Avenue

Class: B + 10018 Buildings Penn Plaza/Garment

Direct Office Spaces for Rent

Sublease Office Spaces for Rent

$ / SF SF Monthly Rent
Negotiable 4,400 Negotiable
$ 40 4,400 $ 14,758
$ / 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
Seventh Ave & West 39th Street $ 43 2,800 $ 10,091
Broadway & West 39th Street $ 46 1,900 $ 7,283
Address $ / SF SF Monthly Rent
Broadway & West 40 Street $ 46 3,000 $ 11,500
W 41st St & Seventh Avenue $ 53 4,700 $ 20,758
Address $ / SF SF Monthly Rent
7th Ave & West 40th Street $ 47 5,800 $ 22,475
Broadway & West 41st Street $ 52 6,000 $ 25,887
Broadway & West 41st Street $ 59 34,100 $ 168,368
Seventh Ave & West 40th Street $ 39 12,000 $ 38,625
Broadway & West 40th Street $ 60 6,000 $ 30,125
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Lempert Brothers Intl USA. Testimonial

Lempert Brothers Intl USA. testimonial

561 Seventh Avenue

Located in the bustling Penn Plaza/Garment neighborhood of Manhattan, 561 Seventh Avenue is a 21-story office building. With 80,470 square feet of rentable space, this class B building, constructed in 1925, provides a range of rental options, from small to large offices. Although there are currently no co-working spaces available, we can negotiate on your behalf to secure the best deals in the area at no additional cost.

This building is serviced by fiber providers Level 3 Communication and Level 3 Communications, and there may be nearby sublease options as well. When considering renting office space here, it's essential to note that the rental rates per square foot have followed market trends. In 2022, the average rate was $50.0 per square foot, compared to $46.0 per square foot in 2020.

For commuters heading to 561 Seventh Avenue, there are several transit options to choose from. The Times Square-42 Street Subway Station is just a three-minute walk away and grants access to multiple train lines, including 1, 2, 3, 42 St Shuttle, 7, N, Q, and R. A five-minute walk will take you to the 42 Street-Bryant Park Subway Station, providing access to the B, D, F, and M lines. Additionally, within a six-minute walk, you can reach the 42 Street-Port Authority Bus Terminal Subway Station, offering access to the A, C, and E lines. The 34 Street-Penn Station Subway Station, with access to the 1, 2, and 3 lines, is just a seven-minute walk away, while the 5 Avenue-Bryant Park Subway Station, providing access to the 7 line, requires a nine-minute walk.

561 Seventh Avenue Property Overview

Bulding Address: 561 Seventh Ave
Building Alternate address(es): 561 7th Ave
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:21
Year Built:1925
Building Class:B
Block & lot:00993-0001

Public Transportation

Time and Distance from 561 Seventh Avenue New York, NY 10018
Transit / Subway Distance Walk
Times Square-42 Street Transit Stop (1, 2, 3, 42 St Shuttle, 7, N, Q, R) 0.1 mi 3 min
42 Street-Bryant Park Transit Stop (B, D, F, M) 0.3 mi 5 min
42 Street-Port Authority Bus Terminal Transit Stop (A, C, E) 0.3 mi 6 min
34 Street-Penn Station (1,2,3 Line) 0.3 mi 7 min
5 Avenue-Bryant Park Transit Stop (7) 0.4 mi 9 min

Map Location

Internet Providers at 561 Seventh Avenue

Internet Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber 10 Gb/s 10 Gb/s
Office Tenants Rented / Leased 561 Seventh Avenue
  • Beyond the Rack leased 3,944 SF
  • NIC+ZOE leased 2,900 SF
  • LAJ Trading LLC leased 1,023 SF
  • Thomas S. Fleishall & Associates PC leased 3,491 SF
  • Lazarus & Harris LLP leased 3,944 SF
  • Commentary Magazine leased 3,942 SF
  • Blueprint Lighting leased 2,950 SF

Retail Tenants Rented / Leased 561 Seventh Avenue
  • Wasabi leased 3,400 SF
Nearby Office Tenants Leased
  • Jay Suites leased 21,711 SF at 1441 Broadway
  • Cayre family apparel co. leased 20,000 SF at 1412 Broadway
  • Polo Ralph Lauren leased 13,756 SF at 525 Seventh Ave
  • Hiscock & Barclay leased 12,500 SF at 7 Times Sq
  • Liz Claiborne leased 11,000 SF at 1440 Broadway
  • Top Value Inc. leased 3,000 SF at 1431 Broadway
  • Backflips Inc. leased 2,256 SF at 1411 Broadway

Nearby Retail Tenants Leased
  • Sephora leased 13,000 SF at 5 Times Sq
  • Chase leased 10,000 SF at 1411 Broadway
  • Naturalizer leased 1,935 SF at 1460 Broadway
  • Baja Fresh leased 1,800 SF at 1441 Broadway
  • Pret A Manger leased 1,700 SF at 530 Seventh Ave
  • Coffee Bean & Tea Leaf leased 1,500 SF at 1412 Broadway
  • Mexicue leased 1,142 SF at 1440 Broadway
  • Sabon LLC leased 665 SF at 1450 Broadway
  • Atrevete Inc. leased 528 SF at 1466 Broadway

Office Rent 561 Seventh Avenue Average

Year $ / SF
2019 58.5
2020 46.0
2022 50.0
Year $ / SF
2019 57.5
2021 39.54
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