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 |
Public Transportation
Time and Distance from 505 Park Avenue New York, NY 10022
| Transit / Subway |
Distance |
Walk |
| 59 Street (4,5,6 Line) Transit Stop |
0.1 mi |
2 min |
|
| Lexington Avenue-59 Street Transit Stop (N, Q, R) |
0.2 mi |
4 min |
|
| 5 Avenue-59 Street Transit Stop (N, Q, R) |
0.3 mi |
6 min |
|
| Lexington Avenue-63 Street Transit Stop (F) |
0.3 mi |
6 min |
|
| Lexington Avenue-53 Street Transit Stop (E, M) |
0.4 mi |
8 min |
|
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
- National Alliance Securities leased 3,567 SF
- Triangle Capital LLC leased 1,484 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
- Sabon leased 487 SF at 782 Lexington Ave
