Rent/Lease Office 489 Fifth Ave

History of 489 Fifth Avenue, Manhattan, NYC

489 Fifth Avenue is a notable 34-story office building located in Midtown Manhattan, between East 41st and East 42nd Streets. The building was designed by the architectural firm Kahn & Jacobs and completed in 1970. Originally, it served as the headquarters for the Irving Trust Company Bank, a major financial institution that was later absorbed by the Bank of New York.

The building occupies a 5,100-square-foot interior lot directly across Fifth Avenue from the main branch of the New York Public Library and Bryant Park, two iconic landmarks in the city. It holds alternate addresses including 12 East 42nd Street and 489 5th Avenue.

During the 2020s, 489 Fifth Avenue has undergone a significant exterior modernization, including an extensive facade replacement that replaced its original window grid and stone panel cladding with a modern glass curtain wall on the western elevation. This renovation, which began around 2023-2024, aims to update the building's aesthetics to align with neighboring Class A office towers while preserving its structural integrity.

Interior renovations have also been carried out, featuring a revamped lobby, modernized elevators, and the addition of new amenity spaces. The building's office floor plates are approximately 5,000 square feet with ceiling heights of up to 12 feet, offering flexible workspace layouts. The penthouse on the 34th floor provides panoramic 360-degree views over Midtown Manhattan and Bryant Park.

489 Fifth Avenue has been a recognizable part of the Manhattan skyline since its construction, even appearing as the Irving Trust Company Bank in the 1984 film Ghostbusters. The original recessed entryway shown in the film was replaced in the 2000s with an updated facade, leaving only a small portion of the original stonework visible near the entrance.

Its prime location provides easy access to major subway lines at the 42nd Street–Bryant Park/Fifth Avenue station and Grand Central Terminal, making it a convenient office address in one of NYC’s most vibrant commercial districts.

489 Fifth Avenue is a notable office building in Midtown Manhattan, NYC, also recognized by its secondary address as 12 East 42nd Street. This Class A building stands 34 floors high, offering stunning views of Bryant Park and the surrounding cityscape. Located in the vibrant neighborhood of Murray Hill, it is close to major transportation hubs such as Grand Central Terminal and various subway lines.

Initially constructed in 1971, the building has undergone significant updates, including an extensive exterior overhaul in recent years. The current façade replacement involves modern, expansive glass, enhancing the building's presence along Fifth Avenue.

The property boasts a total area of 163,763 square feet, situated on a 0.18-acre lot. Its proximity to numerous amenities, including diverse dining options and hospitality venues, makes it an attractive location for businesses seeking a professional yet accessible environment.

Building Amenities at 489 Fifth Avenue, Manhattan, NYC

• Modernized Lobby: Renovated and classy, manned 24/7.
• Onsite Management and Ownership: Ensures efficient operations and tenant satisfaction.
• Advanced Elevator Systems: High-speed elevators for quick access to floors.
• Expansive Views: Panoramic views of Midtown, including Bryant Park and major city landmarks.
• High Ceilings: Some areas feature high ceilings, enhancing the sense of space.
• 24/7 Access: Secure and convenient access for tenants at any time.
• Fiber-Optic Internet: High-speed connectivity with multiple providers, including Verizon and Lightower.
• Proximity to Public Transport: Steps from Grand Central Terminal and nearby subway stations.
• New Amenity Center: Currently under development to enhance tenant amenities.
• Proximity to Retail and Dining: Surrounded by shopping and dining options.

Location Highlights

• Neighborhood: Situated in the heart of Murray Hill and Grand Central area.
• Nearby Green Spaces: Close to Bryant Park and the New York Public Library.

489 Fifth Avenue, Manhattan, NYC

Located in the heart of Murray Hill, this 34-story Class A office building offers a diverse range of office spaces.

Notable Tenants

• Talon: A London-based ad agency, leased 5,838 square feet on the fourth floor.

Building Features

• Class A Office Space: Total building size of approximately 163,763 square feet.
• Location: Centrally located near Grand Central Terminal and Bryant Park.
• Amenities: Modernized elevator systems, attended lobby, and proximity to green spaces like Bryant Park.
• Available Office Space: Approximately 29,928 square feet across multiple floors.

Renovations

• Façade Replacement: Ongoing work with modern glass replacing the original façade.
• Interior Renovations: Lobby overhaul and elevator modernization.