| Bulding Address: | 470 Park Avenue South, New York NY 10016 |
| Building Name: | South Building |
| Building Alternate address: | 470 Park Ave South |
| Zip Code: | 10016 |
| Neighborhood: | Murray Hill |
| Borough: | Manhattan |
| Stories: | 18 |
| Year Built: | 1912 |
| Building Class: | A |
| Block & lot: | 00861-0044 |
470 Park Avenue South, located in Manhattan's Midtown South district between East 31st and 32nd Streets, is a historic office building with a rich legacy. Originally known as the Schwarzenbach Buildings, it was home to silk and textile importers Schwarzenbach, Huber & Company from 1912 to 1932. The building encompasses approximately 300,000 square feet across two pre-war, loft-style towers, featuring over 200 feet of frontage along Park Avenue South and the adjacent streets.
Over the years, 470 Park Avenue South has undergone several ownership changes and significant repositioning. Notably, it was part of SL Green Realty Corp's portfolio from 1997 until its sale in 2007 for $157 million. More recently, from 2018 to early 2025, SJP Properties and PGIM Real Estate owned the building, during which time they invested $15 million in a modernization and amenity enhancement project. These upgrades included a restored brick masonry façade, replacement of perimeter windows to increase natural light, new HVAC systems with HEPA air purification, and the addition of a rooftop terrace, a landscaped courtyard with seating and a fire pit, and a ground-floor lounge connected to the lobby.
The comprehensive modernization aimed to blend the building's century-old architectural charm with contemporary office demands, providing tenants with boutique floor plates ranging from 10,000 to 20,000 square feet, original hardwood and polished concrete floors, and improved mechanical and lighting systems. These efforts create a distinctive workspace environment that honors the building’s historic craftsmanship while positioning it as a competitive commercial asset in Midtown South.
470 Park Avenue South, located in Midtown Manhattan, is a historic building that blends pre-war architecture with modern amenities. The property consists of two loft-style towers, offering over 300,000 square feet of office and retail space. It features restored original brick exteriors, hardwood and polished concrete floors, modern finishes, and abundant natural light. The building is equipped with advanced HVAC systems and HEPA air purification for improved indoor air quality.
Situated in the heart of Midtown South, 470 Park Avenue South provides easy access to major transportation hubs, including Grand Central Terminal and Penn Station. The location allows for a convenient commute via various subway lines, Metro-North Railroad, Amtrak, PATH, LIRR, and NJ TRANSIT.
Recent renovations have enhanced the building's facade, replaced perimeter windows, and added a rooftop terrace on the 14th floor. The interior design includes meeting and collaboration areas, reflecting a modern and boutique approach to office space. The building offers indoor and outdoor lifestyle amenities, including a tenant lounge and a landscaped courtyard with a stone fire pit.
470 Park Avenue South Amenities
The building offers a range of luxurious amenities designed to enhance the work environment. These include:
- Rooftop Terrace: Providing stunning views of the Midtown skyline, perfect for relaxation and networking.
- Ground-Floor Lounge: A stylish area ideal for meetings, presentations, and casual gatherings, connected to the main lobby.
- Landscaped Courtyard: Featuring ample seating, a custom stone fire pit, and a bar, creating a unique indoor-outdoor space for socializing.
- Private Outdoor Areas: Including a zen garden and seating areas, accessible from the lobby for after-hours use.
- Modern Meeting and Collaboration Spaces: Designed for team-based work and presentations.
- Cafe and Social Lounge: Offering quality barista services, snacks, gaming capabilities, and a comfortable atmosphere.
The building combines historical charm with modern finishes, including restored brick exterior walls, hardwood floors, and advanced HVAC systems with HEPA air purification.
470 Park Avenue South, Manhattan, NYC is home to various notable office tenants. Anchorage Digital, a full-service digital asset platform, leases 10,000 square feet for its New York City outpost. Additionally, a Life Science REIT occupies the second floor, also spanning 10,000 square feet.
Other tenants include Kellner Herlihy Getty & Friedman, a law firm with a renewed lease, Dazn, a sports streaming service, Jung & Associates, another law firm, and Teachable, a business management consultant. M&T Bank is also a tenant at this location.
470 Park Avenue South in Manhattan, NYC offers several high-speed internet options to its tenants. The available internet providers include:
- Verizon Fios: Known for high speeds up to 2 Gbps, offering reliable fiber-optic service.
- Level 3 Communications: Provides speeds up to 10 Gbps via fiber technology.
- Cablevision/Lightpath: Offers fiber services with speeds up to 10 Gbps.
- Cogent Communications: Another option with fiber speeds reaching up to 10 Gbps.
This location benefits from its proximity to major transportation hubs, enhancing connectivity and accessibility.
470 Park Avenue South is strategically located in Midtown South, Manhattan, providing easy access to various transportation options. It is within a 10-minute walk of both Grand Central Terminal and Penn Station, offering connectivity to the Metro-North Railroad, Amtrak, PATH, LIRR, and NJ TRANSIT. For subway access, it is served by the 6 Train and is close to lines 4, 5, 7, and S. Nearby subways include the 33rd Street station, which hosts the 6 Train, and others in walking distance.
The cross streets for 470 Park Avenue South are 31st and 32nd streets. This location also provides access to multiple bus routes, making it a convenient spot for commuters.
