Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 420 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 420 Fifth Avenue and in the nearby Penn Plaza/Garment neighborhood.
Located at the northwest corner of 37th Street and Fifth Avenue, this building was completed in 1989. It was designed by the architectural firm Brennan Beer Gorman / Architects.
The building is situated in the heart of Midtown, Manhattan, and serves as a prominent office space. Notably, it houses several floors occupied by the Girl Scouts offices.
The property also features a Privately Owned Public Space (POPS), which is well-maintained and includes seating areas, trees, and lighting. This space is accessible to the public and serves as an entrance to the office building.
420 Fifth Avenue was built in a period of significant development in New York City, with David Dinkins being elected as the mayor in November 1989.
420 Fifth Avenue, Manhattan, NYC
Located in the Garment District, this property is situated on the west side of Fifth Avenue between West 37th and 38th Streets.
Property Details:
Year Built: 1990 (or 1991 depending on the source)
Building Type: Class A Office Condominium
Number of Floors: 30
Total Building Size: Approximately 614,127 to 583,801 square feet
Lot Size: Approximately 1.18 acres
Neighborhood Highlights:
Close proximity to Grand Central, Port Authority, and Penn Station
Prestigious owner roster
Adjacent to Amazon’s new NYC headquarters
420 Fifth Avenue Building Amenities
Concierge
Fitness Center
Security System
Air Conditioning
24/7 Attended Two-Story Lobby
Modernized Building Systems
Latest Wiring Capacity
First-Class Building Management
420 Fifth Avenue, Manhattan, NYC
Premier office building in Midtown Manhattan, located between West 37th and 38th Streets.
Notable Tenants:
Girl Scouts of America
The Rockefeller Foundation
Luxottica
Helaba Bank
Mediterranean Shipping Company
Major League Soccer
Building Features:
Class A office condominium
24/7 attended two-story lobby
Modern building systems
First-class management
Proximity to Grand Central, Port Authority, and Penn Station
Internet Providers at 420 Fifth Ave, Manhattan, NYC:
Verizon Fios: Known for high speeds up to 2.3 Gbps, reliable service, and competitive pricing.
Spectrum: Offers cable internet with speeds up to 1 Gbps, widely available in Manhattan.
Astound Broadband Powered by RCN: Provides both cable and fiber services with speeds up to 1.5 Gbps.
420 Fifth Avenue, Manhattan, NYC is conveniently located near several transportation options:
Subway: The nearest subway stations are 34th Street – Herald Square (B, D, F, M, N, Q, R, W trains) and 42nd Street – Bryant Park (B, D, F, M trains), both within walking distance.
Bus: Bus lines such as M1, M2, M3, M5, M7, and Q32 serve the area.
Train: Penn Station, a major transportation hub, is nearby, offering access to Amtrak, NJ Transit, and LIRR trains.
Cross streets include West 37th Street and West 38th Street, providing easy access to various parts of Manhattan.
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About Optimal Spaces Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.
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