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Rent/Lease Office 389 Fifth Ave

$ / SF / Yr SF Monthly Rent
$ 43
$ 46

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 36th Street $ 39
2,000
$ 6,500
Address $ / SF / Yr SF Monthly Rent
E 34th St & Fifth Avenue $ 29
21,800
$ 52,683
Address $ / SF / Yr SF Monthly Rent
E 37th St & Fifth Avenue $ 43
5,100
$ 18,275
Park Ave S & East 31st Street $ 54
4,800
$ 21,600
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 36th Street $ 39
5,900
$ 19,175
Address $ / SF / Yr SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Lexington Ave & East 31st Street $ 59
11,800
$ 58,016
Address $ / SF / Yr SF Monthly Rent
Park Ave S & East 31st Street $ 64
3,000
$ 16,000
Park Ave & East 34th Street $ 75
4,000
$ 25,000
Fifth Ave & East 36th Street $ 32.5
4,400
$ 11,916
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 36th Street $ 52
2,400
$ 10,400
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 36th Street $ 42
7,800
$ 27,300
Fifth Ave & East 32nd Street $ 51
8,000
$ 34,000
Madison Ave & East 31st Street $ 54
15,000
$ 67,500
Madison Ave & East 33rd Street $ 59.5
8,400
$ 41,650
Lexington Ave & East 33rd Street $ 46.5
8,300
$ 32,162
Fifth Ave & East 37th Street $ 51
11,000
$ 46,750
Park Ave S & East 31st Street $ 50
7,600
$ 31,666
E 38th St & Fifth Avenue $ 36.5
7,400
$ 22,508
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 32nd Street $ 59
4,000
$ 19,666
Madison Ave & East 37th Street $ 55
5,000
$ 22,916
E 37th St & Fifth Avenue $ 43
5,100
$ 18,275
Madison Ave & East 31st Street $ 61
5,000
$ 25,416
Madison Ave & East 33rd Street $ 77
4,600
$ 29,516
Madison Ave & East 35th Street $ 41
2,600
$ 8,883
Lexington Ave & East 33rd Street $ 46
3,100
$ 11,883
Park Ave S & East 31st Street $ 45
5,200
$ 19,500
Address $ / SF / Yr SF Monthly Rent
Madison Ave & East 37th Street $ 55
2,400
$ 11,000
Fifth Ave & East 36th Street $ 38
1,800
$ 5,700
Madison Ave & East 33rd Street $ 79
2,200
$ 14,483
Madison Ave & East 35th Street $ 42.5
1,800
$ 6,375
5th Ave & East 34th Street $ 56
2,400
$ 11,200
Address $ / SF / Yr SF Monthly Rent
E 33rd St & Madison Avenue $ 47
8,200
$ 32,116
E 31st St & Madison Avenue $ 45
7,300
$ 27,375
Address $ / SF / Yr SF Monthly Rent
E 33rd St & Fifth Avenue $ 56.5
3,000
$ 14,125
E 32nd St & Madison Avenue $ 49
5,500
$ 22,458
E 33rd St & Madison Avenue $ 48
4,100
$ 16,400
E 31st St & Madison Avenue $ 46
6,200
$ 23,766
Fifth Ave & East 36th Street $ 40
2,800
$ 9,333
E 38th St & Fifth Avenue $ 35.5
5,400
$ 15,975
Address $ / SF / Yr SF Monthly Rent
E 31st St & Madison Avenue $ 48
2,000
$ 8,000

Retail Spaces for Rent at 389 Fifth Ave

Rent Retail 389 Fifth Ave

Rent Medical Space at 389 Fifth Ave

Office Tenants Rented / Leased 389 Fifth Avenue
  • EUNY Trading leased 3,063 SF
  • Erwin Pearl leased 9,050 SF
  • Merchants Overseas leased 2,880 SF
  • OK Originals leased 5,951 SF
  • Donna Max leased 9,000 SF
  • Idealist leased 9,000 SF
Nearby Office Tenants Leased
  • Benjamin N. Cardozo Sch… leased 156,668 SF at 55 Fifth Ave
  • Newmark leased 149,171 SF at 125 Park Ave
  • Spaces. leased 138,339 SF at 405 Lexington Ave
  • Simons Foundation leased 136,182 SF at 162 Fifth Ave
  • WeWork leased 135,500 SF at 609 Fifth Avenue
  • Primedia leased 135,000 SF at 261 Madison Ave
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • United Nations Population… leased 130,740 SF at 605 Third Ave
  • CIT Group Inc. leased 130,000 SF at 505 Fifth Ave
  • EisnerAmper leased 125,000 SF at 733 Third Avenue
Nearby Retail Tenants Leased
  • Urbanspace leased 11,400 SF at 570 Lexington Avenue
  • Gap leased 11,000 SF at 126 Fifth Ave
  • BNP Foods leased 11,000 SF at 290 Madison Ave
  • Ann Taylor leased 11,000 SF at 600 Fifth Ave
  • Buzzfeed leased 11,000 SF at 110 Fifth Avenue
  • Strictly Wood Furniture Co. leased 10,500 SF at 156 Fifth Ave
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • Club Nebula leased 10,000 SF at 135 West 41st Street
  • Urban Space leased 10,000 SF at 230 Park Ave
  • HMS International Fabrics Corporation leased 9,600 SF at 720 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 389 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 389 Fifth Avenue and in the nearby Murray Hill neighborhood.
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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

389 Fifth Avenue Property Overview

Building Address: 389 Fifth Ave, New York NY 10016
Building Alternate Address: 389 5th Ave
Zip Code:10016
Neighborhood:Murray Hill
Borough:Manhattan
Stories:12
Year Built:1922
Building Class:B
Block & lot:00866-0001

389 Fifth Avenue, located in the Murray Hill neighborhood of Manhattan, is a 12-story commercial office building constructed in 1930. The building stands on a lot measuring approximately 9,975 square feet, with a total building area of about 122,686 square feet. It is situated between the Grand Central and NoMad submarkets, making it a prime location in Midtown South, New York City.

The site of 389 Fifth Avenue has a rich historical background tied to the evolution of retail and commercial real estate in Manhattan. Originally, in the early 1900s, the location served as the flagship store for B. Altman and Company, a prominent department store chain. Benjamin Altman began assembling the land for the flagship store as early as 1895, acquiring multiple parcels along Fifth Avenue near 35th Street. This strategic acquisition was influenced by anticipated developments such as the nearby Pennsylvania Station and Grand Central Terminal, which increased the commercial appeal of the area.

Construction of the original Altman flagship store began in the mid-1900s, with Trowbridge and Livingston selected as architects. Despite some holdouts in assembling the full block, the store opened its initial sections between 1906 and 1911, eventually covering a vast floor area. The store was notable for its grand entrances on Fifth Avenue and the surrounding streets and reflected the retail boom of the era.

Over time, the property evolved into an office building, reflecting the changing character of the Murray Hill neighborhood and Midtown South. Today, 389 Fifth Avenue functions as a commercial office building, maintaining its significance as part of Manhattan's architectural and commercial history.

389 Fifth Avenue

New York, NY 10016

Located between the Grand Central and Nomad submarkets in Manhattan, NYC.

Constructed in 1922, this 12-story commercial office building offers flexible office spaces with amenities including 24-hour access, controlled entry, on-site property management, security system, and storage options.

Nearby public transit options include subway lines 7, B, F, M, Q, R, and bus routes 160, 28, 320, BXM4, M55 among others. The closest subway station is 34 St-Herald Sq, a 4-minute walk away.


389 Fifth Avenue in Manhattan, NYC offers a range of building amenities, including:

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Storage Space
  • Surface and Covered Parking
  • Complimentary Hot/Cold Beverages
  • WiFi and Utilities Included
  • Central Heat and Air Conditioning
  • Carpeted Areas
  • Male and Female Restrooms
  • IT/Telecoms Support
  • Technical Support and Voicemail Services
  • Boardrooms and Catering Services
  • Kitchen Facilities
  • Janitorial Services
  • Fully Furnished Workspaces
  • Access to Nationwide Office Network

Office Tenants at 389 Fifth Avenue, Manhattan, NYC

  • GMA Accessories
  • Erwin Pearl
  • Idealist
  • Breather

389 Fifth Avenue is a historic 12-story office building located in Midtown Manhattan, offering a mix of notable tenants from various industries.


At 389 Fifth Avenue in Manhattan, residents have access to several top internet providers, including:

  • Verizon Fios: Known for high speeds up to 2 Gbps, Verizon Fios is highly regarded for its reliability and customer service.

Other notable providers in the area include Astound Broadband Powered by RCN and Spectrum, though their specific availability may vary by exact location.


389 Fifth Avenue in Manhattan, NYC, offers convenient access to various public transportation options. The nearest subway station is 34 St-Herald Sq, about a 4-minute walk away, with lines 7, B, F, M, Q, R available.

Bus stops are located nearby, including 5 Av/W 36 St and 5 Av/W 35 St, both approximately a 2-minute walk from the building. Bus lines 160, 28, 320, BXM4, M55, QM12, QM24 are among those that stop near this location.

The nearest train station is 33rd Street, a 6-minute walk away, with options for the PATH, Harlem, and Hudson lines.

Cross streets include West 36th Street and West 37th Street, providing easy access to Fifth Avenue.

Office Tenants Rented / Leased 389 Fifth Avenue
  • EUNY Trading leased 3,063 SF
  • Erwin Pearl leased 9,050 SF
  • Merchants Overseas leased 2,880 SF
  • OK Originals leased 5,951 SF
  • Donna Max leased 9,000 SF
  • Idealist leased 9,000 SF
Nearby Office Tenants Leased
  • Benjamin N. Cardozo Sch… leased 156,668 SF at 55 Fifth Ave
  • Newmark leased 149,171 SF at 125 Park Ave
  • Spaces. leased 138,339 SF at 405 Lexington Ave
  • Simons Foundation leased 136,182 SF at 162 Fifth Ave
  • WeWork leased 135,500 SF at 609 Fifth Avenue
  • Primedia leased 135,000 SF at 261 Madison Ave
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • United Nations Population… leased 130,740 SF at 605 Third Ave
  • CIT Group Inc. leased 130,000 SF at 505 Fifth Ave
  • EisnerAmper leased 125,000 SF at 733 Third Avenue
Nearby Retail Tenants Leased
  • Urbanspace leased 11,400 SF at 570 Lexington Avenue
  • Gap leased 11,000 SF at 126 Fifth Ave
  • BNP Foods leased 11,000 SF at 290 Madison Ave
  • Ann Taylor leased 11,000 SF at 600 Fifth Ave
  • Buzzfeed leased 11,000 SF at 110 Fifth Avenue
  • Strictly Wood Furniture Co. leased 10,500 SF at 156 Fifth Ave
  • Ben & Jack's leased 10,000 SF at 255 Fifth Ave
  • Club Nebula leased 10,000 SF at 135 West 41st Street
  • Urban Space leased 10,000 SF at 230 Park Ave
  • HMS International Fabrics Corporation leased 9,600 SF at 720 Fifth Avenue

Recent News About 389 Fifth Avenue

Brightwater Fund LLC Testimonial

Brightwater Fund LLC testimonial Dear Mr. Sunderland: Thank you for the outstanding service you gave to us as we searched for office space. Through your efforts, you found us a location and facility that is virtually an exact fit for our needs. You helped us with the lease negotiations and were able to procure the space at a very attractive price. In short, you got us a great deal! You went above and beyond the call of duty in working with us until we moved in. You were always accessible and prepared to help us in every way. We would highly recommend you to our other friends and colleagues in their search for best available/best fitting space for their needs. Very truly yours, Donald Krueger Chief Financial Officer.
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