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Rent/Lease Apartment 162 Fifth Avenue

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 109 West 132nd Street. This trend is projected to continue. Opportunities for subleases remain available at 109 West 132nd Street and in the nearby Chelsea neighborhood.

Why Optimal Spaces –
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  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
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  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

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  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."
1. The Crucial Distinction: Whose Side Are They On?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)

109 West 132nd Street Property Overview

Building Address: 162 Fifth Avenue, New York NY 10010
Building Alternate Address: 109 W 132nd St
Zip Code:10010
Neighborhood:Chelsea
Borough:Manhattan
Stories:11
Year Built:1930
Building Class:B

162 Fifth Avenue, located in Manhattan's Flatiron District, is a historical building with architectural significance. However, there seems to be a discrepancy in its construction year; some sources indicate it was built in 1930, while others suggest 1904. The building designed by Buchman & Fox in 1904 would have been constructed during a period of significant urban development in New York City.

The Flatiron District itself was transforming during the early 20th century with notable architectural contributions, including the famous Flatiron Building nearby. If indeed built in 1904, 162 Fifth Avenue would reflect the architectural trends of that era, possibly aligning with Beaux Arts or similar styles prevalent at the time. By contrast, if it was constructed in 1930, it would have been part of a later phase of development in the area.

Today, 162 Fifth Avenue stands as a 12-story commercial building with significant historical context within the broader narrative of Manhattan's architectural evolution.

162 Fifth Avenue, located in Manhattan's Flatiron District, is a commercial building built in 1930. The building features:

  • Year Built: 1930
  • Stories: 11-12 depending on the source
  • Total Square Feet: Approximately 115,000 to 121,998 square feet
  • Neighborhood Highlights: Close proximity to Madison Square Park and Union Square Park
  • Notable Amenities: High ceilings, hardwood floors, oversized windows, and tenant-controlled A/C

This historic building offers a blend of office and retail spaces, providing an attractive location for businesses seeking presence in a vibrant area of Manhattan.


162 Fifth Avenue in Manhattan, NYC, offers several notable amenities:

  • 24 Hour Access
  • Banking facilities
  • High ceilings and hardwood floors
  • Oversized windows with sun-soaked floors
  • Tenant-controlled A/C
  • Convenient location near Madison Square Park and Union Square Park

Building Details Tenant Information
Building: 162 Fifth Avenue, Manhattan, NYC Notable Tenants: Optimizely, Flatiron Institute, Center for Computational Astrophysics, Simons Foundation
Asset Class: Office & Retail Office Lease: Simons Foundation leased 125,000 sqft
Ground Floor: 9,500 sqft retail occupied by Chase Bank Location: Nearby Madison Square Park and Union Square Park

Building Features: - 11-story building - High ceilings and hardwood floors - Oversized windows - Tenant-controlled A/C
Location Highlights: - In the heart of the Flatiron District - Close proximity to major parks

The building at 162 Fifth Avenue, Manhattan, NYC likely has access to several top internet providers in the area. Key internet providers in Manhattan include:

Verizon Fios: Known for its high speeds, starting at 300 Mbps and reaching up to 2 Gbps, making it ideal for heavy internet users.

Astound Broadband Powered by RCN: Offers cable and fiber services with unlimited data, though availability can vary by location.

Spectrum: Provides cable internet with speeds up to 1 Gbps, offering TV and phone bundles.


162 Fifth Avenue is located in the heart of Manhattan, NYC. For transportation options, the closest subway lines include the F, M, R, W trains at nearby stations like 23rd Street or 14th Street. Bus routes such as M1, M116, M60-SBS, M102 also pass through nearby streets.

The cross streets for this location are East 20th Street and East 21st Street but to find it specifically, you would need to reference the intersection with Broadway and Fifth Avenue, which is East 21st Street and Fifth Avenue for orientation. However, for precise navigation, consider using a map application to ensure accuracy.

This historic building, constructed in 1930, is a notable commercial space with 12 stories and 13 units.

Office Tenants Rented / Leased 109 West 132nd Street
  • The Simons Foundation leased 125,000 SF
  • App Annie leased 3,953 SF
  • The CementWorks leased 35,682 SF
  • Simons Foundation leased 136,182 SF
Nearby Office Tenants Leased
  • Roc Nation leased 67,100 SF at 540 West 26th Street
  • EHE International leased 66,000 SF at 600 Fifth Avenue
  • Cockroach Labs leased 64,516 SF at 125 West 25th Street
  • Interbrand leased 63,845 SF at 130 Fifth Ave
  • Eileen Fisher leased 62,000 SF at 111 Fifth Ave
  • Adobe Systems Incorpora… leased 61,901 SF at 100 Fifth Ave
  • WeWork leased 61,875 SF at 404 Fifth Avenue
  • The Simons Foundation leased 61,370 SF at 160 Fifth Ave
  • LivingSocial leased 60,405 SF at 101 Fifth Ave
  • WeWork leased 60,000 SF at 511 West 25th Street
Nearby Retail Tenants Leased
  • BCBG Max Azria Group leased 14,398 SF at 461 5th Ave
  • Complete Body Gym leased 14,000 SF at 22 West 19th St
  • Club Monaco leased 13,000 SF at 597 Fifth Avenue
  • Guess leased 13,000 SF at 575 Fifth Ave
  • 16" on Center leased 13,000 SF at 601 West 26th Street
  • Ethan Allen leased 12,790 SF at 915 Broadway
  • Nusr-Et leased 12,176 SF at 412 West 15th Street
  • Ulta Beauty leased 12,040 SF at 2 Herald Square
  • Mackage leased 11,555 SF at 404 Fifth Avenue
  • Uniqlo leased 11,500 SF at 155 Fifth Ave

Abrams Garfinkel & Rosen Testimonial

Abrams Garfinkel & Rosen testimonial Dear Stephen: On behalf of my partners and myself, I want to thank you for your representation, assistance and support in connection with our search for new office space. We have worked with many brokers over the last eighteen months, but you were the only one who truly listened and tried to understand what our requirements, limitations and needs were. As a result of your diligence and persistence, we have been able to sign a lease for a space that meets all of our physical, aesthetic and economic criteria. You have done an excellent job on our behalf, and we are truly appreciative. Please feel free to share this letter with any of your potential clients, as we would wholeheartedly recommend your services to others. Once again, thank you for everything. Sincerely, Neil B. Garfinkel