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Rent/Lease Office 389 Fifth Ave

$ / SF SF Monthly Rent
$ 42
2,800
$ 9,916

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 39
2,000
$ 6,500
Address $ / SF SF Monthly Rent
E 34th St & Fifth Avenue $ 29
21,800
$ 52,683
Address $ / SF SF Monthly Rent
E 37th St & Fifth Avenue $ 43
5,100
$ 18,275
Park Ave S & East 31st Street $ 52
4,800
$ 20,800
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 39
5,900
$ 19,175
Address $ / SF SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1769 $ 775
Interior office/person $ 1350 $ 1269 $ 525
Team Rooms $ 10100 $ 8519 $ 5025
Suites $ 20100 $ 12519 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Lexington Ave & East 31st Street $ 59
11,800
$ 58,016
Address $ / SF 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
4,400
$ 11,916
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 52
2,400
$ 10,400
Address $ / SF 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 $ 53
15,000
$ 66,250
Madison Ave & East 33rd Street $ 59
8,400
$ 41,300
Lexington Ave & East 33rd Street $ 46
8,300
$ 31,816
Fifth Ave & East 37th Street $ 50
11,000
$ 45,833
Park Ave S & East 31st Street $ 49
7,600
$ 31,033
E 38th St & Fifth Avenue $ 35
7,400
$ 21,583
Address $ / SF 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 $ 62
5,000
$ 25,833
Madison Ave & East 33rd Street $ 78
4,600
$ 29,900
Madison Ave & East 35th Street $ 42
2,600
$ 9,100
Lexington Ave & East 33rd Street $ 47
3,100
$ 12,141
Park Ave S & East 31st Street $ 46
5,200
$ 19,933
Address $ / SF 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
1,800
$ 6,375
Address $ / SF 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 SF Monthly Rent
E 33rd St & Fifth Avenue $ 58
3,000
$ 14,375
E 32nd St & Between East 32nd Street $ 50
5,500
$ 22,916
E 33rd St & Madison Avenue $ 49
4,100
$ 16,741
E 31st St & Madison Avenue $ 47
6,200
$ 24,283
Fifth Ave & East 36th Street $ 41
2,800
$ 9,566
E 38th St & Fifth Avenue $ 36
5,400
$ 16,425
Address $ / SF SF Monthly Rent
E 31st St & Madison Avenue $ 48
2,000
$ 8,000

Retail Spaces for Rent at 389 Fifth Ave

Rent Medical Space at 389 Fifth Ave

Office Tenants Rented / Leased 389 Fifth Avenue
  • Erwin Pearl leased 9,050 SF
  • Merchants Overseas leased 2,880 SF
  • Donna Max leased 9,000 SF
  • OK Originals leased 5,951 SF
  • Idealist leased 9,000 SF
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Net-a-Porter leased 32,144 SF at 100 Fifth Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Eddie Bauer leased 7,400 SF at 100 Fifth Ave
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
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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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
  • Erwin Pearl leased 9,050 SF
  • Merchants Overseas leased 2,880 SF
  • Donna Max leased 9,000 SF
  • OK Originals leased 5,951 SF
  • Idealist leased 9,000 SF

Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Net-a-Porter leased 32,144 SF at 100 Fifth Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St

Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Eddie Bauer leased 7,400 SF at 100 Fifth Ave
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
Office Tenants Rented / Leased 389 Fifth Avenue
  • Erwin Pearl leased 9,050 SF
  • Merchants Overseas leased 2,880 SF
  • Donna Max leased 9,000 SF
  • OK Originals leased 5,951 SF
  • Idealist leased 9,000 SF
Nearby Office Tenants Leased
  • Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
  • Yext leased 58,194 SF at 1 Madison Ave
  • Net-a-Porter leased 32,144 SF at 100 Fifth Ave
  • Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
  • Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
  • Postworks New York leased 11,000 SF at 100 Avenue of the Americas
  • Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
  • SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
  • Jared Finkell, MD leased 500 SF at 10 Downing St
  • Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased
  • Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
  • La Mar leased 9,000 SF at 11 Madison Ave
  • Burger & Lobster leased 8,900 SF at 1 Bryant Park
  • Eddie Bauer leased 7,400 SF at 100 Fifth Ave
  • New York Kids Club leased 4,000 SF at 11 Fifth Avenue
  • 10 Downing leased 3,400 SF at 10 Downing St
  • Clean Table leased 2,000 SF at 101 Seventh Avenue
  • Sweetgreen leased 2,000 SF at 10 Hudson Yards
  • Choza Taqueria leased 1,000 SF at 100 Park Ave
  • The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza

Sapphire Office Solutions Testimonial

Sapphire Office Solutions testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Why Optimal Spaces –
Tenant Broker

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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?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
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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