| Bulding Address: | 358 Fifth Ave, New York NY 10001 |
| Building Alternate address: | 358 5th Ave |
| Zip Code: | 10001 |
| Neighborhood: | Penn Plaza/Garment |
| Borough: | Manhattan |
| Stories: | 15 |
| Year Built: | 1920 |
| Building Class: | B |
| Block & lot: | 00836-0035 |
History of 358 Fifth Avenue, Manhattan, NYC
358 Fifth Avenue is located in the Midtown Manhattan area, part of the broader Fifth Avenue corridor, a major thoroughfare in New York City known for its commercial and cultural significance.
Fifth Avenue itself has a rich history dating back to the late 18th century when the city laid out lots and roads on what was then largely undeveloped land. The avenue was originally known as Middle Road and developed gradually, evolving into a prestigious residential and commercial district by the early 20th century.
By the early 1900s, Fifth Avenue had transformed from a primarily residential street into a high-end shopping and office district. The midtown blocks, including the area around 358 Fifth Avenue, saw increased commercial development with many mansions and older buildings giving way to office buildings and retail spaces. This change was part of a citywide widening and modernization effort that altered the avenue’s character significantly by the 1910s.
The specific building at 358 Fifth Avenue plays a role within this historic context as part of the dense commercial expansion characteristic of midtown Manhattan. While detailed architectural or ownership history of 358 Fifth Avenue itself is limited, the property is recognized today as a significant commercial office address contributing to the area's dynamic business environment. The site is proximate to major transit points and has been part of the continuous growth of Fifth Avenue as one of New York City's key commercial corridors.
Modern assessments indicate the property maintains substantial market value and is integrated into the surrounding commercial ecosystem, with nearby buildings supporting retail, office, and transportation accessibility.
358 Fifth Avenue, Manhattan, New York, NY 10001
Also known as: 362 Fifth Avenue, New York, NY 10001
Building Details:
- Class B Office Building
- 15 stories
- Approximate total area: 96,615 sq ft
- Originally built in 1920, last altered in 1986
- Comprises 63 commercial units
Location: Corner of 5th Avenue and West 34th Street, within Midtown South / Penn Plaza / Garment District neighborhood
Nearby Landmarks: Across from the CUNY Graduate Center and the Science, Industry, and Business Library; near Empire State Building
Transportation & Accessibility
- Subway lines within walking distance:
- 34th Street - Herald Square (B, D, F, M, N, Q, R) – approx. 3-4 min walk
- 33rd Street PATH station – approx. 4 min walk
- 33rd Street (4,6) – approx. 5 min walk
- 34th Street - Penn Station (1,2,3) – approx. 6-7 min walk
- 28th Street (N,R) – approx. 7-8 min walk
- Close to New York Penn Station commuter rail (LIRR, NJ Transit) – approx. 9 min walk
- Bus lines along 5th Avenue: M1, M2, M3, M4
- Proximity to major airports: La Guardia (17 min drive), Newark Liberty (21 min), JFK (25 min)
Neighborhood & Amenities
- Located in Koreatown area, a vibrant commercial and cultural hub
- Nearby dining options: Dunkin', Chipotle, Royal 35 Steakhouse
- Nearby hotels: U Hotel Fifth Avenue, The Gregory Hotel
- Walk Score: 100/100 - Walker's Paradise
- Transit Score: 100/100 - Rider's Paradise
- Bike Score: 83/100 - Very Bikeable
Property Tax & Valuation (Recent)
| Year |
Market Value |
Assessed Value |
Taxable Value |
Tax Rate % |
Property Tax |
| 2024/25 |
$63,550,000 |
$28,597,500 |
$27,472,900 |
10.762% |
$2,956,633 |
| 2023/24 |
$77,387,000 |
$34,824,150 |
$30,593,954 |
10.592% |
$3,240,512 |
358 Fifth Avenue Building Amenities
- 15-story Class B office building
- Located in Midtown Manhattan's Penn Plaza/Garment District
- Attended lobby
- 24/7 access with turnstile security
- Typical floor size of approximately 6,441 square feet
- Unfinished ceiling height of 12 feet in office spaces
- Surface and covered parking available
- Proximity to multiple public transportation options:
- 34th Street - Herald Square Subway Station (B, D, F, M, N, Q, R lines) within a 4-minute walk
- 33rd Street PATH station within 5 minutes walk
- 34th Street - Penn Station (1, 2, 3 lines) within 6-7 minutes walk
- Additional subway lines (4, 6, N, R) accessible within 6 to 8 minutes walk
- Walk Score of 100 indicating excellent walkability
358 Fifth Avenue in Manhattan, NYC, is home to several notable office tenants, including:
- CVS Pharmacy
- Partner Engineering and Science, Inc.
- Global Coverage
- International Inspirations
- Bank of America
- Star MD
- Felcher & Freifeld LLP
- Yakson Wellness
Internet Providers at 358 Fifth Ave, Manhattan, NYC
Residents and businesses at 358 Fifth Avenue have access to multiple high-speed internet providers offering cable and fiber connections.
- Verizon Fios: Fiber-optic internet with speeds up to 2.3 Gbps. Known for fast, reliable service and good customer satisfaction.
- Spectrum: Cable internet with speeds up to 1 Gbps. Widely available across Manhattan, offering bundled TV and phone options.
- Astound Broadband Powered by RCN: Cable and fiber service with speeds up to 1.5 Gbps, known for competitive pricing and unlimited data.
358 Fifth Avenue, Manhattan, NYC
Cross Streets
Located between West 34th Street and West 35th Street in Manhattan's Penn Plaza / Garment District.
Transportation
Subway
- 34th Street - Herald Square (B, D, F, M, N, Q, R lines) – 0.2 miles, about 3 minutes on foot
- 33rd Street (PATH - Hoboken) – 0.2 miles, about 4 minutes on foot
- 33rd Street (4, 6 lines) – 0.3 miles, about 5 minutes on foot
- 34th Street - Penn Station (1, 2, 3 lines) – 0.3 miles, about 6 minutes on foot
- 28th Street (N, R lines) – 0.4 miles, about 7 minutes on foot
Commuter Rail
- New York Penn Station (LIRR and NJT) – 0.5 miles, about 9 minutes on foot
Bus
Bus lines M1, M2, M3, and M4 run along 5th Avenue providing convenient access.
Other Transportation Notes
Fifth Avenue also has extensive taxi and rideshare availability. Walking and cycling are common local travel options in the neighborhood.
