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Rent/Lease Office 245 Fifth Ave

$ / SF SF Monthly Rent
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Madison Ave & East 29th Avenue $ 59
10,500
$ 51,625
Park Ave S & Between East 19th Street $ 60
7,700
$ 38,500
Fifth Ave & East 21st Street $ 69
7,300
$ 41,975
Fifth Ave & East 19th Street $ 77
8,800
$ 56,466
Fifth Ave & East 16th Street $ 42
10,100
$ 35,350
Address $ / SF SF Monthly Rent
Fifth Ave & East 21st Street $ 71
5,200
$ 30,766
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 16th St & Park Avenue South $ 64
3,400
$ 18,275
Address $ / SF SF Monthly Rent
Tipo di spazio Classe A/mese Classe B/mese Classe C/mese
Ufficio con finestra/persona
Ufficio interno/persona
Sale per team
Suite

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Madison Ave & East 25th Street $ 92
9,100
$ 69,766
Park Ave S & East 20th Street $ 81
13,000
$ 87,750
Address $ / SF SF Monthly Rent
Park Ave S & East 17th Street $ 95
4,000
$ 31,666
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Madison Ave & East 29th Avenue $ 61
8,300
$ 42,191
E 23rd St & Park Avenue $ 42
18,400
$ 64,400
Broadway & East 20th Street $ 70
18,200
$ 106,925
Park Ave S & Between East 19th Street $ 67
7,700
$ 42,991
Park Ave S & East 27th Street $ 75
8,700
$ 54,375
Fifth Ave & East 29th Street $ 79
12,500
$ 82,291
Park Ave S & East 27th Street $ 91
23,800
$ 180,483
Park Ave S & East 27th Street $ 70
13,100
$ 75,870
E 26th St & Fifth Avenue $ 125
12,100
$ 126,041
Park Ave S & East 26th Street $ 48
12,000
$ 48,500
Address $ / SF SF Monthly Rent
Broadway & Between East 19th Street $ 76
5,300
$ 33,787
E 23rd St & Park Avenue $ 41
6,100
$ 20,841
Broadway & East 20th Street $ 75
3,700
$ 23,125
Fifth Ave & East 29th Street $ 72
4,700
$ 28,200
Park Ave S & East 26th Street $ 71
3,900
$ 23,075
Park Ave S & East 26th Street $ 75
2,700
$ 16,875
University Pl & East 12th Street $ 49
6,500
$ 26,541
Broadway & East 18th Street $ 72
2,500
$ 14,895
Union Sq W & East 16th Street $ 67
3,700
$ 20,658
Address $ / SF SF Monthly Rent
Broadway & Between East 19th Street $ 75
2,200
$ 13,750
E 23rd St & Third Avenue $ 46
2,400
$ 9,100
Park Ave S & East 26th Street $ 63
2,100
$ 11,025
Fifth Ave & East 29th Street $ 73
2,000
$ 12,100
Broadway & East 18th Street $ 74
1,800
$ 11,025
Address $ / SF SF Monthly Rent
E 19th St & Broadway $ 52
7,700
$ 33,687
Madison Ave & East 30th Street $ 40
11,000
$ 36,208
E 23rd St & Lexington Avenue $ 68
21,600
$ 121,500
Address $ / SF SF Monthly Rent
E 23rd St & Park Avenue $ 35
2,800
$ 8,166
E 19th St & Broadway $ 54
5,500
$ 24,520
Fifth Ave & East 29th Street $ 58
2,500
$ 12,083
Fifth Ave & Between East 28th Street $ 52
5,000
$ 21,458
Address $ / SF SF Monthly Rent
E 28th St & Park Avenue South $ 38
2,300
$ 7,379
Broadway & East 21st Street $ 74
1,800
$ 11,175

Retail Spaces for Rent at 245 Fifth Ave

Rent Retail 245 Fifth Ave

Rent Medical Space at 245 Fifth Ave

Office Tenants Rented / Leased 245 Fifth Avenue
  • Classroom Inc. leased 11,677 SF
  • STC Associates leased 8,865 SF
  • Broadband Enterprises leased 12,000 SF
  • Starbucks leased 14,200 SF
  • D'Alessio & Tocci leased 5,084 SF
  • Medical partnership leased 1,239 SF
  • BMG Music Publishing leased 12,746 SF
  • MMG Mardiks leased 3,500 SF
  • CCA Metro leased 4,764 SF
  • Ascent leased 2,250 SF
Retail Tenants Rented / Leased 245 Fifth Avenue
  • FRAME Denim leased 6,200 SF
Nearby Office Tenants Leased
  • 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 2 Herald Square
  • Bank Leumi USA leased 60,000 SF at 579 Fifth Ave
  • Everest leased 58,391 SF at 461 Fifth Ave
  • Yext leased 58,194 SF at 1 Madison Ave
  • American Eagle Outfitters leased 56,324 SF at 417 Fifth Ave
  • Morvillo Abramowitz Gran… leased 55,029 SF at 565 Fifth Ave
  • The Royce Funds leased 55,000 SF at 745 Fifth Ave
  • Finlay Fine Jewelry Company leased 53,745 SF at 529 Fifth Ave
Nearby Retail Tenants Leased
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • True Love Bakery leased 10,000 SF at 18 East 16th St
  • Gaonuri leased 10,000 SF at 1250 Broadway
  • David Barton Gym leased 10,000 SF at 50 West 23rd St
  • HMS International Fabrics Corporation leased 9,600 SF at 720 Fifth Avenue
  • Chase leased 9,600 SF at 230 Park Ave S
  • Tommy Bahama leased 9,584 SF at 551 Fifth Ave
  • The Smith leased 9,200 SF at 230 Fifth Ave
  • Stephen Hanson leased 9,160 SF at 381 Park Ave S
  • Love leased 9,000 SF at 319 Fifth Avenue
$ / SF SF Monthly Rent
Please notify me when a new space is available
Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 245 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 245 Fifth Avenue and in the nearby Gramercy Park neighborhood.
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245 Fifth Avenue Property Overview

Building Address: 245 Fifth Ave, New York NY 10016
Building Alternate Address: 245 5th Ave
Zip Code:10016
Neighborhood:Gramercy Park
Borough:Manhattan
Stories:26
Year Built:1927
Building Class:B
Block & lot:00857-0076

History of 245 Fifth Avenue, Manhattan, NYC

245 Fifth Avenue is a 24-story commercial building located on the fashionable corner of 28th Street in Manhattan, just blocks from Madison Square Park. It was completed in 1927 and designed by architect George F. Pelham. The building features a beautiful Art Deco lobby and offers impressive office spaces with dramatic views of New York City.

Situated in Midtown South, this building enjoys a prime location in a vibrant commercial district that has evolved into a hub for New York's creative and tech industries. The area around 245 Fifth Avenue is noted for its proximity to world-class hotels, restaurants, and public transportation, making it a distinguished address in the city.

Over the years, 245 Fifth Avenue has maintained its status as an important commercial property within Manhattan, blending historical charm with modern amenities. Its distinctive architectural style and central location continue to attract a diverse range of tenants and contribute to the dynamic energy of the neighborhood.

245 Fifth Avenue

Located at the fashionable corner of 28th Street and Fifth Avenue in Midtown South Manhattan, New York City, 245 Fifth Avenue is a premier 24-story commercial office building completed in 1927.

Overview

Designed by architect George F. Pelham, this Art Deco style building features a beautifully renovated lobby and offers expansive, flexible floorplates with high ceilings and large windows providing dramatic views of New York City and Madison Square Park just blocks away.

Location

Situated in the NoMad district, 245 Fifth Avenue offers proximity to iconic landmarks such as Madison Square Park, the Flatiron Building, world-class hotels, upscale restaurants, and extensive public transportation options including nearby subway stations for the N, R, W, 6, 4, 5, and 7 lines.

Building Features

  • Class A office space totaling approximately 315,000 square feet
  • 24/7 video surveillance and daytime reception
  • Newly renovated Art Deco lobby with stainless steel finishes and restored terrazzo flooring
  • Flexible floor layouts suitable for a variety of business needs
  • Abundant natural light due to corner location and window design
  • Close access to major public transit and pedestrian traffic areas

Neighborhood

The building lies in Midtown South, a bustling area known for being a hub of creative and tech industries, with a lively mix of retail, dining, and cultural attractions. It connects easily to Midtown, downtown, eastside, and westside Manhattan.


245 Fifth Avenue in Manhattan, NYC, offers a range of amenities designed to enhance the work experience. Key features include:

  • Modern Fitness Center – Equipped with current exercise equipment, ideal for a workout during or after work hours.
  • Inviting Communal Areas – Spaces that foster collaboration and networking among tenants.
  • Onsite Dining Options – Convenient places to dine and meet clients.
  • Flexible and High-End Office Space – Featuring glass front offices, open floor plans, and adaptable layouts.
  • 24/7 Video Surveillance – Ensures a secure working environment around the clock.
  • Daytime Reception – Welcoming visitors and guests during business hours.
  • Newly Renovated Lobby – Art Deco style with modern elements.
  • Conference and Meeting Spaces – Equipped for presentations and discussions.

Located near Madison Square Park, this building provides easy access to public transportation and numerous dining, shopping, and entertainment options.


245 Fifth Avenue Office Tenants

245 Fifth Avenue is a distinguished 24-story commercial building in Manhattan’s Midtown South district, known for its prime location near Madison Square Park and Fifth Avenue. The building features approximately 315,000 square feet of Class A office space, characterized by high-end finishes, flexible floor plates, and stunning New York City views.

The building offers a modern, art deco lobby with 24/7 video surveillance and daytime reception, ensuring a secure and welcoming environment for tenants. Spaces are designed with polished concrete floors, high exposed ceilings, glass-front offices, and advanced infrastructure to support diverse business needs.

Tenants at 245 Fifth Avenue come from a wide range of industries, including creative agencies, healthcare, nutrition, media, and technology. Notable occupants include Elite Model Management, Integrative Nutrition, Enigma, and Elite Health Center. This vibrant tenant community benefits from the building’s proximity to a variety of upscale dining, retail, and transportation options, enhancing the work-life experience.

With easy access to multiple subway lines and major transportation hubs, the location is ideal for businesses seeking connectivity and prestige in Manhattan.


Internet Providers at 245 Fifth Ave, Manhattan, NYC

The building at 245 Fifth Ave in Manhattan, NYC is served by several major internet providers offering a range of connection types including fiber, cable, and 5G internet. Below are the prominent providers available in this area:

Verizon Fios

  • Connection Type: Fiber Optic, 5G Internet
  • Starting Price: Around $49.99/month
  • Speeds Up To: 2.3 Gbps
  • Benefits: High speeds with excellent customer service, available fiber and 5G options, bundles with phone and TV

Astound Broadband Powered by RCN

  • Connection Type: Cable, Fiber
  • Starting Price: Approximately $35/month
  • Speeds Up To: 1.5 Gbps
  • Benefits: Affordable pricing, unlimited data usage, extensive fiber network coverage in Manhattan

Spectrum

  • Connection Type: Cable, Fiber
  • Starting Price: Around $30-$50/month
  • Speeds Up To: 1 Gbps
  • Benefits: Ubiquitous coverage throughout Manhattan, no data caps, TV and phone bundles available

Xfinity

  • Connection Type: Cable
  • Starting Price: Approximately $30/month
  • Speeds Up To: 2 Gbps
  • Benefits: High-speed cable internet with bundle options

T-Mobile Home Internet

  • Connection Type: 5G Internet
  • Starting Price: Around $50/month
  • Speeds Up To: Up to 415 Mbps typical download speeds
  • Benefits: Wireless 5G internet suitable for flexible setups

Satellite Providers (for coverage fallback)

  • HughesNet - Speeds up to 100 Mbps
  • Viasat - Speeds up to 150 Mbps
  • Starlink - Speeds up to 220 Mbps

245 Fifth Avenue is a commercial building located in Midtown South, Manhattan, NYC, on the fashionable corner of 28th Street.

Transportation Options: - Proximity to multiple subway lines: N, Q, R, W, F, M, 4, 6, 1, 2, 3, B, D. - Nearby major transportation hubs include Grand Central Terminal and Penn Station. - Easy access to numerous bus routes.

Nearest Landmarks: - Madison Square Park - Flatiron Building

Cross Streets: - 28th Street - Fifth Avenue

Office Tenants Rented / Leased 245 Fifth Avenue
  • Classroom Inc. leased 11,677 SF
  • STC Associates leased 8,865 SF
  • Broadband Enterprises leased 12,000 SF
  • Starbucks leased 14,200 SF
  • D'Alessio & Tocci leased 5,084 SF
  • Medical partnership leased 1,239 SF
  • BMG Music Publishing leased 12,746 SF
  • MMG Mardiks leased 3,500 SF
  • CCA Metro leased 4,764 SF
  • Ascent leased 2,250 SF

Retail Tenants Rented / Leased 245 Fifth Avenue
  • FRAME Denim leased 6,200 SF
Nearby Office Tenants Leased
  • 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 2 Herald Square
  • Bank Leumi USA leased 60,000 SF at 579 Fifth Ave
  • Everest leased 58,391 SF at 461 Fifth Ave
  • Yext leased 58,194 SF at 1 Madison Ave
  • American Eagle Outfitters leased 56,324 SF at 417 Fifth Ave
  • Morvillo Abramowitz Gran… leased 55,029 SF at 565 Fifth Ave
  • The Royce Funds leased 55,000 SF at 745 Fifth Ave
  • Finlay Fine Jewelry Company leased 53,745 SF at 529 Fifth Ave

Nearby Retail Tenants Leased
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • True Love Bakery leased 10,000 SF at 18 East 16th St
  • Gaonuri leased 10,000 SF at 1250 Broadway
  • David Barton Gym leased 10,000 SF at 50 West 23rd St
  • HMS International Fabrics Corporation leased 9,600 SF at 720 Fifth Avenue
  • Chase leased 9,600 SF at 230 Park Ave S
  • Tommy Bahama leased 9,584 SF at 551 Fifth Ave
  • The Smith leased 9,200 SF at 230 Fifth Ave
  • Stephen Hanson leased 9,160 SF at 381 Park Ave S
  • Love leased 9,000 SF at 319 Fifth Avenue
Office Tenants Rented / Leased 245 Fifth Avenue
  • Classroom Inc. leased 11,677 SF
  • STC Associates leased 8,865 SF
  • Broadband Enterprises leased 12,000 SF
  • Starbucks leased 14,200 SF
  • D'Alessio & Tocci leased 5,084 SF
  • Medical partnership leased 1,239 SF
  • BMG Music Publishing leased 12,746 SF
  • MMG Mardiks leased 3,500 SF
  • CCA Metro leased 4,764 SF
  • Ascent leased 2,250 SF
Retail Tenants Rented / Leased 245 Fifth Avenue
  • FRAME Denim leased 6,200 SF
Nearby Office Tenants Leased
  • 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 2 Herald Square
  • Bank Leumi USA leased 60,000 SF at 579 Fifth Ave
  • Everest leased 58,391 SF at 461 Fifth Ave
  • Yext leased 58,194 SF at 1 Madison Ave
  • American Eagle Outfitters leased 56,324 SF at 417 Fifth Ave
  • Morvillo Abramowitz Gran… leased 55,029 SF at 565 Fifth Ave
  • The Royce Funds leased 55,000 SF at 745 Fifth Ave
  • Finlay Fine Jewelry Company leased 53,745 SF at 529 Fifth Ave
Nearby Retail Tenants Leased
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • True Love Bakery leased 10,000 SF at 18 East 16th St
  • Gaonuri leased 10,000 SF at 1250 Broadway
  • David Barton Gym leased 10,000 SF at 50 West 23rd St
  • HMS International Fabrics Corporation leased 9,600 SF at 720 Fifth Avenue
  • Chase leased 9,600 SF at 230 Park Ave S
  • Tommy Bahama leased 9,584 SF at 551 Fifth Ave
  • The Smith leased 9,200 SF at 230 Fifth Ave
  • Stephen Hanson leased 9,160 SF at 381 Park Ave S
  • Love leased 9,000 SF at 319 Fifth Avenue

Recent News About 245 Fifth Avenue

Nuverse Advisor LLC Testimonial

Nuverse Advisor LLC testimonial Dear Stephen, We would like to thank you for your assistance in helping us to arrange a sublet in Olympic Tower. My partners and I were determined to sublet a space that was fully furnished and equipped to our specifications at a fair market value. We utilized several different brokers, but we found that only you consistently found new sublet opportunities for us during the entire year of our search. When we began our search, prices for Class A office space in the Plaza District ranged from $80-150/RSF, by the end of our search the prices had fallen to $50-$85/RSF. Your hard work and tenacity at finding new listings allowed us to find the ideal space at the right price in Class A. Thanks for sticking with us. Sincerely, Elias Saal
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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."

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.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

✕
  • 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.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
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”)
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
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