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Rent/Lease Apartment 480 Park Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 480 Park Ave. This trend is projected to continue. Opportunities for subleases remain available at 480 Park Ave and in the nearby Midtown East neighborhood.

Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

480 Park Ave Property Overview

Building Address: 480 Park Ave, New York NY 10022
Building Name: Spanierman Gallery
Zip Code:10022
Neighborhood:Midtown East
Borough:Manhattan
Stories:0
Year Built:1929
Building Class:B

480 Park Avenue, located at the intersection of Midtown Manhattan and the Upper East Side, is a renowned pre-war cooperative building designed by the celebrated architect Emery Roth in 1929. This 19-story Renaissance Revival structure features a striking exterior of buff brick, limestone, and cast terra-cotta ornamentation, showcasing intricate details such as garlands, grotesques, and sculpted balconies.

Upon entering, residents are greeted by one of the grandest lobbies in Manhattan, complemented by a full-time doorman and concierge service. The building comprises 134 residences, each boasting 10-foot ceilings, wood-burning fireplaces, and semi-private elevator vestibules. Amenities include a gym, a charming landscaped roof, laundry facilities, and storage. The residences are split into three elevator banks, offering a blend of luxury and convenience.

Located just two blocks from Central Park, 480 Park Avenue offers proximity to some of the city's finest shopping, dining, and cultural attractions. Its position on 58th Street and Park Avenue places it at the heart of Manhattan's vibrant lifestyle.

480 Park Avenue, Manhattan, NYC is a prestigious pre-war cooperative building designed by Emery Roth in 1929. It is situated at the corner of 58th Street and Park Avenue, blending into the heart of Midtown Manhattan near the Upper East Side. This iconic building offers 134 residences, spread across 21 floors, and is renowned for its grand lobby and full-service amenities, including a 24-hour doorman and concierge. Residents enjoy a fitness center, a charming landscaped rooftop, laundry facilities, and utility-included maintenance due to the building's commercial income.

Features of the units include 10-foot ceilings, wood-burning fireplaces, semi-private elevator vestibules, and classic polished floors. The building welcomes pied-à-terres and pet owners on a case-by-case basis, with up to 50% financing allowed and a 2% flip tax. Strategically located near Central Park, 480 Park Avenue provides effortless access to world-class shopping, dining, and entertainment options.


Amenities at 480 Park Avenue include:

  • Full-time doorman and concierge
  • Gym (fitness center)
  • Central laundry room
  • Private storage
  • Landscaped roof deck with stunning city views
  • Elevators serving three elevator banks

The building also offers low monthly maintenance fees that include utilities, and it is pet-friendly, allowing pieds-à-terre.


480 Park Avenue in Manhattan, NYC, is a prestigious address known for both residential and retail spaces. The retail portion of the building is leased to several prominent tenants, including:

  • Pronovias
  • Lavo
  • Tao
  • Deciem
  • Balenciaga
  • Celine
  • Montblanc
  • Amsale


Internet Providers at 480 Park Ave, Manhattan, NYC

Residents and tenants at 480 Park Avenue in Manhattan have access to several high-quality internet service providers offering a range of fiber and cable options.

Verizon Fios

Verizon Fios is widely available in Manhattan and provides fiber-optic internet service with speeds ranging from 300 Mbps up to 2 Gbps. It is known for its reliable service and is often bundled with phone, mobile, and TV plans.

Astound Broadband (powered by RCN)

Astound Broadband offers both cable and fiber internet services at competitive prices. Their fiber network has expanded significantly in Manhattan, featuring unlimited data usage plans and attractive pricing.

Spectrum

Spectrum provides cable internet with speeds up to 1 Gbps and is a common fallback option where fiber may not be available. Spectrum also offers bundles that include TV and phone services with popular perks.


480 Park Avenue is located in Midtown Manhattan, at the corner of East 58th Street and Park Avenue.

For public transportation, the nearest subway options include:

  • N, R, W, 4, 5, 6 trains at Lexington Avenue/59th Street (0.12 miles)
  • N, R trains at 59th Street (0.15 miles)
  • F, Q trains at Lexington Avenue/63rd Street (0.26 miles)
  • E, M trains at 5th Avenue–53rd Street (0.26 miles)

This location offers easy access to major cultural attractions and shopping areas, with Central Park just two blocks away.

Nearby Office Tenants Leased
  • The Ad Council leased 24,368 SF at 815 Second Ave
  • Banco Bradesco leased 21,822 SF at 450 Park Avenue
  • Glendower Capital leased 21,028 SF at 410 Park Ave
  • Avantus Renal Therapy U… leased 19,906 SF at 315 East 62nd St
  • Jay Suites leased 18,989 SF at 369 Lexington Ave
  • Levin Capital Strategies leased 18,967 SF at 595 Madison Ave
  • SAC Capital leased 16,786 SF at 540 Madison Ave
  • Donnelley Financial Soluti… leased 16,750 SF at 140 East 45th St
  • Northwell Health leased 16,720 SF at 130 East 59th Street
  • NADAP leased 16,000 SF at 355 Lexington Avenue
Nearby Retail Tenants Leased
  • Taco Dumbo, Omakasa leased 2,407 SF at 237 Park Avenue
  • Camper leased 2,380 SF at 635 Madison Ave
  • Balade Your Way leased 2,373 SF at 641 Lexington Avenue
  • ViVa Events and Catering leased 2,000 SF at 222 East 58th Street
  • Oscar de la Renta leased 2,000 SF at 772 Madison Ave
  • Ribot leased 2,000 SF at 780 Third Ave
  • Columbia Organic Holdings leased 1,900 SF at 19 West 44th St
  • Mephisto leased 1,854 SF at 488 Madison Avenue
  • Litter & Leashes leased 1,852 SF at 1100 Second Ave
  • Hale and Hearty leased 1,800 SF at 369 Lexington Ave

RZO Advisory Group Testimonial

RZO Advisory Group testimonial To Whom It May Concern: Steve Sunderland acted as our real estate broker in relocation of this firm's 12,000 square feet of office space. While that may seem like a relatively easy task, given our requirements, it was anything but. After giving Mr. Sunderland a prospective location radius of onlny three blocks and a request for 75% of the offices to be windowed, he took us to numerous potential locations. Much to our surprise and delight, no visit was ever a waste of our time. Mr. Sunderland knew what he wanted and needed. He never showed us properties that would not work for the firm. After several weeks of searching, our situation caused us to put our search on hold. It was a couple of years before we resumed. I'm happy to say that Mr. Sunderland picked up with the same enthusiasm he had previously shown. Even after we had signed our new lease, Mr. Sunderland stayed in touch with us as well as our landlord to be sure that our work letter was adhered to. If you are looking for commercial space, I could not give Mr. Sunderland a higher recommendation. He was courteous and always professional throughout a long and sometimes difficult process. If you wish to contact me, please feel free to call at the number above. Sincerely, William Zysblat