Rent Office 45-51 West 21st Street
| $ / SF | SF | Monthly Rent |
|---|
| Type of Space | Class A/month | Class B/month | Class C/month |
|---|---|---|---|
| Windowed office/person | $ 2100 | $ 1300 | $ 857 |
| Interior office/person | $ 1350 | $ 800 | $ 607 |
| Team Rooms | $ 10100 | $ 8050 | $ 5107 |
| Suites | $ 20100 | $ 12050 | $ 7107 |
Nearby office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & West 21st Street | $ 80 | 15,000 |
$ 100,000 |
| Seventh Ave & West 29th Street | $ 86 | 7,800 |
$ 55,900 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 28th St & Between 7th Avenue | $ 100 | 2,600 |
$ 21,666 |
| Seventh Ave & West 29th Street | $ 52 | 5,100 |
$ 22,312 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Seventh Ave & West 29th Street | $ 54 | 2,400 |
$ 10,700 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Madison Square W & West 25th Street | $ 46 | 12,500 |
$ 48,437 |
| W 24th St & Between 6th Avenue | $ 66 | 20,400 |
$ 112,200 |
| W 11th Ave & Between 6th Avenue | $ 59 | 10,400 |
$ 51,133 |
| W 24th St & Avenue of the Americas | $ 61 | 12,100 |
$ 61,508 |
| Fifth Ave & West 18th Street | $ 48 | 7,000 |
$ 28,000 |
| W 28th St & Eighth Avenue | $ 55 | 12,800 |
$ 58,666 |
| W 25th St & Avenue of the Americas | $ 69 | 10,300 |
$ 59,225 |
| W 21st St & Avenue of the Americas | $ 56 | 13,100 |
$ 61,133 |
| W 25th St & Eleventh Avenue | $ 52 | 9,000 |
$ 39,000 |
| W 25th St & Seventh Avenue | $ 36 | 8,000 |
$ 24,333 |
| W 30th St & Seventh Avenue | $ 34 | 7,700 |
$ 21,495 |
| W 29th St & Eight Avenue | $ 36 | 7,500 |
$ 22,812 |
| W 24th St & Avenue of America | $ 53 | 7,300 |
$ 32,241 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 30th St & Seventh Avenue | $ 35 | 3,200 |
$ 9,333 |
| W 24th St & Between 6th Avenue | $ 52 | 4,000 |
$ 17,333 |
| W 21st St & Fifth Avenue | $ 58 | 5,300 |
$ 25,616 |
| W 25th St & Avenue of the Americas | $ 55 | 4,200 |
$ 19,250 |
| W 27th St & Avenue of the Americas | $ 39 | 5,000 |
$ 16,250 |
| W 26th St & Avenue of America | $ 38 | 4,600 |
$ 14,566 |
| W 22nd St & Avenue of the Americas | $ 62 | 5,500 |
$ 28,416 |
| Seventh Ave & West 28th Street | $ 49 | 5,600 |
$ 22,866 |
| W 30th St & Eighth Avenue | $ 36 | 5,200 |
$ 15,600 |
| Eighth Ave & West 26th Street | $ 47 | 4,500 |
$ 17,625 |
| W 27th St & Avenue of America | $ 42 | 2,500 |
$ 8,854 |
| Fifth Ave & West 18th Street | $ 52 | 2,600 |
$ 11,375 |
| W 27th St & Seventh Avenue | $ 42 | 2,800 |
$ 9,683 |
| W 24th St & Avenue of America | $ 72 | 2,600 |
$ 15,491 |
| Fifth Ave & East 30th Street | $ 60 | 3,500 |
$ 17,645 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 27th St & Seventh Avenue | $ 38 | 2,400 |
$ 7,700 |
| W 29th St & Seventh Avenue | $ 42 | 2,400 |
$ 8,400 |
| Fifth Ave & East 30th Street | $ 60 | 2,200 |
$ 10,908 |
| Seventh Ave & West 30th Street | $ 52 | 1,900 |
$ 8,312 |
| W 29th St & Avenue of Americas | $ 57 | 1,600 |
$ 7,600 |
| W 30th St & Seventh Avenue | $ 37 | 2,400 |
$ 7,400 |
| Broadway & West 25th Street | $ 58 | 2,000 |
$ 9,666 |
| W 20th St & Avenue of the Americas | $ 43 | 1,800 |
$ 6,450 |
| W 21st St & Avenue of the Americas | $ 66 | 1,600 |
$ 8,800 |
| W 25th St & Eleventh Avenue | $ 50 | 2,000 |
$ 8,401 |
| W 27th St & Avenue of the Americas | $ 42 | 2,400 |
$ 8,300 |
| W 30th St & Eighth Avenue | $ 46 | 1,700 |
$ 6,587 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 22nd St & Fifth Avenue | $ 55 | 11,900 |
$ 54,541 |
| W 29th St & Seventh Avenue | $ 38 | 7,000 |
$ 22,166 |
| W 26th St & Avenue of the Americas | $ 30 | 9,300 |
$ 23,637 |
| W 26th St & Seventh Avenue | $ 58 | 17,600 |
$ 84,333 |
| W 19th St & Avenue of Americas | $ 57 | 11,500 |
$ 54,625 |
| W 27th St & Avenue of Americas | $ 43 | 11,300 |
$ 40,491 |
| W 20th St & Avenue of the Americas | $ 56 | 11,100 |
$ 51,800 |
| W 26th St & Between 7th Avenue | $ 36 | 8,200 |
$ 24,258 |
| W 27th St & Eighth Avenue | $ 40 | 7,200 |
$ 23,700 |
| W 29th St & Eight Avenue | $ 40 | 8,600 |
$ 28,308 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 29th St & Seventh Avenue | $ 36 | 2,500 |
$ 7,500 |
| W 29th St & Seventh Avenue | $ 37 | 4,800 |
$ 14,800 |
| W 26th St & Seventh Avenue | $ 45 | 4,200 |
$ 15,750 |
| W 19th St & 6th Avenue | $ 45 | 4,500 |
$ 16,875 |
| W 19th St & Avenue of the Americas | $ 54 | 4,800 |
$ 21,600 |
| W 30th St & Eighth Avenue | $ 45 | 5,300 |
$ 19,875 |
| W 28th St & Avenue of the Americas | $ 45 | 5,000 |
$ 18,750 |
| W 29th St & Avenue of the Americas | $ 36 | 5,100 |
$ 15,300 |
| W 29th St & Seventh Avenue | $ 38 | 3,000 |
$ 9,500 |
| W 22ND St & Between 5th Avenue | $ 65 | 4,100 |
$ 22,208 |
| Broadway & West 26th Street | $ 65 | 4,000 |
$ 21,666 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 25th St & Seventh Avenue | $ 45 | 2,200 |
$ 8,250 |
| W 25th St & Seventh Avenue | $ 42 | 1,900 |
$ 6,729 |
| W 21st St & Avenue of the Americas | $ 36 | 2,100 |
$ 6,300 |
| W 29th St & Avenue of the Americas | $ 36 | 2,100 |
$ 6,300 |
| W 22nd St & Fifth Avenue | $ 48 | 2,100 |
$ 8,487 |
| W 27th St & Eighth Avenue | $ 42 | 1,900 |
$ 6,729 |
| W 29th St & Eight Avenue | $ 78 | 2,400 |
$ 15,700 |
| Seventh Ave & West 29th Street | $ 48 | 2,400 |
$ 9,600 |
| W 21st St & Avenue of the Americas | $ 45 | 1,900 |
$ 7,125 |
| Seventh Ave & West 27th Street | $ 48 | 1,600 |
$ 6,400 |
Situated in the heart of the Flatiron District, 45-51 West 21st Street represents a premier investment opportunity within Manhattan’s resilient Midtown South submarket. From a strategic brokerage perspective, this asset capitalizes on the sustained demand for "Silicon Alley" loft spaces, offering unique architectural character that attracts high-value tech and creative tenants. Given its proximity to Madison Square Park and major transit hubs, we advise investors to prioritize this location for its exceptional rent growth potential and historically low vacancy rates in one of New York City’s most sought-after commercial corridors.
Lease 45-51 West 21st Street
Rent 45-51 West 21st Street Property Overview
| Building Address: | 45-51 W 21st St, New York NY 10010 |
| Building Alternate Address: | 45-51 W 21st St |
| Zip Code: | 10010 |
| Neighborhood: | Chelsea |
| Borough: | Manhattan |
| Stories: | 0 |
| Year Built: | 1915 |
| Building Class: | C |
| Block & lot: | 00823-0010 |
45-51 West 21st Street in Manhattan, NYC, is a historic building that began its journey when the Evangelical Lutheran Church stood on the site until 1901. The area was once lined with elegant brownstone residences but transitioned to commercial use as Fifth Avenue became more industrial.
Following the church's removal, two industrial loft buildings were constructed spanning Nos. 45 to 51. A major fire in 1908 heavily damaged one of these buildings. D. E. Sicher & Co., a prominent women's underwear manufacturer, purchased and renovated the damaged structure. Architects Goldwin, Starrett & Van Vleck designed the new six-story industrial loft, which was completed in 1909. The building featured red brick with limestone trim and expansive windows for natural light. It included a salesroom at ground level and office and factory spaces above.
D. E. Sicher & Co. not only renovated the building but also emphasized employee welfare by sponsoring education and economic advancement programs for its workers. The company's philanthropic efforts continued until its president, Dudley D. Sicher's death in 1939.
Over the years, the building transitioned from garment manufacturing to accommodating various tenants. By the 21st century, it housed office spaces and a significant nightclub on the ground floor. In recent years, a portion of the building has been occupied by a venue space named Duvet.
The building was formally completed in 1915 and stands as a testament to the northward migration of the manufacturing sector in early 20th-century New York. Its architectural and industrial significance have been preserved, with the cast iron details on the ground floor remaining intact.
45-51 West 21st Street
Location: Manhattan, New York City, NY 10010
Neighborhood: Chelsea / Flatiron District
Building Class: C
Year Built: 1915
Stories: 6
Total Floor Area: Approximately 70,000 sq ft
Typical Floor Size: 10,000 sq ft
Unfinished Ceiling Height: 12 feet
Building Type: Office with Commercial (1 to 6 Stories)
Block & Lot: 00823-0010
Parking: Surface and covered parking available
Accessibility: Close to major subway lines and Madison Square Park, 24/7 access, attended lobby, newly renovated elevators
Property Tax (2024-2025): Approximately $588,073
Estimated Market Value: $12,143,000
Assessed Value: $5,464,350
45-51 West 21st Street Amenities
Building Amenities at 45-51 W 21st St, Manhattan, NYC
- 24 Hour Access
- Bus Line Access
- Metro/Subway Access
- High Ceilings
- Modern Amenities
- Surface Parking Available
- Covered Parking Available
The building is a historic six-story office property constructed in 1915, located in Manhattan's Flatiron District. It offers a flexible office environment with architectural distinction and convenient access to major transportation hubs. The typical floor size is approximately 10,000 square feet with unfinished ceilings about 12 feet high.
Office Tenants Rented / Leased at 45-51 W 21st St, Manhattan, NYC
45-51 West 21st Street is a historic six-story office building located in Manhattan's Flatiron District, offering flexible office environments with modern amenities and convenient access to major transportation hubs.
The building has a total of approximately 54,000 to 70,000 square feet of rentable space, with typical floors around 10,000 SF, and features a restored façade, high ceilings, and an attended lobby with 24/7 access.
Current Known Tenants
- Ware Malcomb | New York City
- BuzziSpace USA - New York Showroom
- TileBar
- Ethyca
- Continuiti
Available Space Example
A notable office space on the 3rd floor offers approximately 3,410 square feet available under a direct lease with a 5-year term.
Another available sublet on the 5th floor features approximately 2,550 square feet, fully furnished and wired, including two conference rooms, one private office, open work area seating 8-12 people, and a café-style pantry. The lease term for this space is negotiable, extending out to 2028.
Building Amenities and Features
- 24/7 building access and attended lobby
- Newly renovated elevators
- Surface and covered parking options
- High exposed ceilings and hardwood floors in office spaces
- Modern HVAC system
- Close proximity to bus and multiple subway lines (PATH, F, N, R trains)
Rental Pricing Snapshot
Average rent was approximately $53.67 per square foot as of 2018, making this building an affordable option for businesses seeking office space in Midtown South Manhattan.
Internet at 45-51 West 21st Street
Internet Providers at 45-51 W 21st St, Manhattan, NYC
The building at 45-51 West 21st Street in Manhattan, located in the Flatiron District, typically has access to several major internet providers known for high-speed, reliable service:
- Verizon Fios: Offers fiber internet with speeds starting at 300 Mbps, reaching up to 2 Gbps. Known for high customer satisfaction and availability in over 85% of Manhattan, including the Flatiron area.
- Astound Broadband Powered by RCN: Provides both cable and fiber internet services with unlimited data, competitive pricing, and coverage throughout much of Manhattan.
- Spectrum: Widely available in Manhattan with cable and fiber internet plans up to 1 Gbps. Offers bundle options with TV and phone services.
These providers collectively cover the vast majority of the neighborhood, offering a range of connection types including fiber, cable, and cable-fiber hybrids, ensuring robust internet access for tenants in this historic six-story office building.
45-51 West 21st Street Access
Transportation
45-51 West 21st Street is conveniently located in Manhattan's Flatiron District with easy access to multiple subway lines and bus routes.
-
Subway Stations:
- 23rd Street Station (N, R Lines) – approximately 0.4 miles, about a 5-minute walk
- 23rd Street Station (1, 2 Lines) – about a 6-minute walk
- 6th Avenue & 23rd Street Station (F, M Lines) – approximately 0.085 miles
- Bus Routes: M7 line running along Avenue of the Americas / West 20th Street, about 0.062 miles away
- Other Transit: Close proximity to PATH Transit Stop, NJ Transit, and Long Island Rail Road (LIRR) trains, accessible via nearby subway and transit hubs
Cross Streets
The building is situated on West 21st Street between:
- 5th Avenue
- 6th Avenue (Avenue of the Americas)
Nearby cross streets include West 20th Street and West 22nd Street.
- LivingSocial leased 60,405 SF at 101 Fifth Ave
- Capital One leased 40,000 SF at 114 Fifth Ave
- Net-a-Porter leased 32,144 SF at 100 Fifth Ave
- Eileen Fisher leased 19,000 SF at 111 Fifth Ave
- TOWN Residential leased 17,000 SF at 110 Fifth Ave
- Hunter Roberts Interiors leased 10,000 SF at 102 Madison Ave
- The Global Justice Center leased 3,832 SF at 11 Hanover Sq
- Wedding Atelier leased 3,100 SF at 103 Fifth Ave
- Elke leased 1,400 SF at 1140 Broadway
- Edition 01 Inc. leased 1,052 SF at 1133 Broadway
Nearby Retail Tenants Leased
- Gap leased 35,000 SF at 120 Fifth Ave
- Daffy's leased 18,000 SF at 111 Fifth Ave
- Lululemon leased 15,964 SF at 114 Fifth Ave
- Luminary leased 15,000 SF at 1204 Broadway
- Gap leased 11,000 SF at 126 Fifth Ave
- Corner Table Restaurants leased 11,000 SF at 1201 Broadway
- Soko Glam leased 7,772 SF at 1261 Broadway
- Eddie Bauer leased 7,400 SF at 100 Fifth Ave
- Ricky's leased 6,000 SF at 1133 Broadway
- Spring Sun Nail leased 2,300 SF at 119 Fulton St
- LivingSocial leased 60,405 SF at 101 Fifth Ave
- Capital One leased 40,000 SF at 114 Fifth Ave
- Net-a-Porter leased 32,144 SF at 100 Fifth Ave
- Eileen Fisher leased 19,000 SF at 111 Fifth Ave
- TOWN Residential leased 17,000 SF at 110 Fifth Ave
- Hunter Roberts Interiors leased 10,000 SF at 102 Madison Ave
- The Global Justice Center leased 3,832 SF at 11 Hanover Sq
- Wedding Atelier leased 3,100 SF at 103 Fifth Ave
- Elke leased 1,400 SF at 1140 Broadway
- Edition 01 Inc. leased 1,052 SF at 1133 Broadway
Nearby Retail Tenants Leased
- Gap leased 35,000 SF at 120 Fifth Ave
- Daffy's leased 18,000 SF at 111 Fifth Ave
- Lululemon leased 15,964 SF at 114 Fifth Ave
- Luminary leased 15,000 SF at 1204 Broadway
- Gap leased 11,000 SF at 126 Fifth Ave
- Corner Table Restaurants leased 11,000 SF at 1201 Broadway
- Soko Glam leased 7,772 SF at 1261 Broadway
- Eddie Bauer leased 7,400 SF at 100 Fifth Ave
- Ricky's leased 6,000 SF at 1133 Broadway
- Spring Sun Nail leased 2,300 SF at 119 Fulton St
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.