| Building Address: | 498 Seventh Ave, New York NY 10018 |
| Building Alternate Address: | 498 7th Ave |
| Zip Code: | 10018 |
| Neighborhood: | Penn Plaza/Garment |
| Borough: | Manhattan |
| Stories: | 25 |
| Year Built: | 1920 |
| Building Class: | A |
| Block & lot: | 00786-0051 |
History of 498 Seventh Avenue, Manhattan, NYC
498 Seventh Avenue, located at the southwest corner of 7th Avenue and 37th Street in Manhattan, is a historic office and retail building constructed in 1920. Originally part of the Garment District, it was known as the Garment Center South Building. With 24 to 25 stories and approximately 800,000 to 960,000 square feet of space, it has been a significant property in Midtown South and Times Square South.
In March 1997, the building was acquired by Loeb Partners Realty when the garment industry was relocating out of New York City, leaving the property about 50% vacant. Loeb undertook substantial capital improvements, including a new lobby, windows, and major HVAC and elevator upgrades. Within the first year, a major leasing effort transformed 498 Seventh Avenue, leasing 400,000 square feet to advertising and corporate tenants, pioneering the conversion of the Garment Center district into what is now known as Times Square South.
Further renovations were completed in 2021, modernizing the property for contemporary office and retail use. The building features large, flexible floor plates ranging from 30,200 to 48,000 square feet and generous ceiling heights between 11 feet 7 inches to 14 feet 4 inches, providing ample light and air. Its location offers exceptional transit access, situated near Penn Station, Grand Central Terminal, Port Authority, and Herald Square subway stations, making it a prime office location for advertising, technology, media, and creative industries.
The building is currently owned by a partnership including George Comfort & Sons, Loeb Partners Realty, and JR AMC, a South Korean development firm. It remains a prominent Class A office tower in Midtown Manhattan, continuing to attract tenants such as tech firms and engineering companies due to its strategic location and premium amenities.
498 Seventh Avenue is a 25-story, 960,000 SF office and retail property located in the heart of Times Square South, Manhattan, NYC. Situated at the southwest corner of 7th Avenue and 37th Street, this Class A building offers extensive mixed-use space ideal for the advertising, creative, technology, media, and information sectors.
The building's large, flexible floor plates range from 30,200 to 48,000 SF, with generous ceiling heights of 11'7" to 14'4". It also features unique outdoor spaces and ample light and air. The location provides easy access to major transportation hubs, including Penn Station, Grand Central Terminal, Port Authority, and Herald Square subway station.
Notable tenants include the National Benefit Fund, which occupies space in the building, and Hazen and Sawyer, a renowned engineering firm, located on the 11th floor.
The property was originally built in 1920 and underwent renovations in 2021.
498 Seventh Avenue in Manhattan, NYC, offers the following building amenities:
- 24/7 Attended Lobby
- New Gensler-designed Entrances
- New Destination Dispatch Elevators
- Touchless Entry Turnstiles
- Private Lounge on Lobby Floor
- Grab & Go Coffee Shop
- Hi-Tech Security System
- Facial Recognition Turnstiles
- SV3 Visitor Management System
- Increased Fresh Air Intake
- Upgraded MERV 13 Air Filters
- CASPR 200e Disinfecting Technology
- Communal Lobby Space
- Lobby Attendant
- 24 Hour Access
- Bus Line
- Metro/Subway
- Property Manager on Site
- Restaurant
498 Seventh Avenue, a 25-story office tower in Manhattan's Times Square South, hosts a diverse range of tenants. Notable tenants include:
- Tetra Tech
- PubMatic Inc. - Expanding its space to include offices on both the 18th and 19th floors.
- Hazen and Sawyer - Extended its lease on the 11th floor through 2035.
- 1199SEIU-UHE
- 1199SEIU Funds Headquarters
- Ambient Enterprises
- McKissack & McKissack
- Securitas Security Services USA
- Dattner Architects
- Cosentini Associates
- Milrose Consultants
- The McKissack Group
The property offers flexible floor plates, unique outdoor spaces, and convenient access to major transit hubs like Penn Station and Grand Central Terminal.
Internet Providers at 498 Seventh Ave, Manhattan, NYC
The building at 498 Seventh Avenue, Manhattan, NYC, is served by several major internet providers offering a range of connection types and speeds suitable for residential and commercial needs.
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Verizon Fios – Offers fiber-optic internet with speeds up to 2 Gbps. Known for its reliable service and availability covering over 85% of Manhattan, including Midtown. Plans start around $49.99/month and can be bundled with phone and TV services.
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Astound Broadband Powered by RCN – Provides cable and fiber internet with speeds up to 1.5 Gbps. Known for competitive pricing and unlimited data usage. Widely available in Manhattan, including Midtown.
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Spectrum – Cable and fiber provider with ubiquitous coverage throughout Manhattan and speeds up to 1 Gbps. Plans start at approximately $50/month, with bundles including TV and phone options.
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Earthlink Fiber – Offers fiber internet throughout most of Manhattan, with speeds as high as 2.3 Gbps, including upload and download speeds varying by address.
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STARRY – Fiber provider with a focus on customer satisfaction, offering speeds up to 251 Mbps in Manhattan.
These providers offer a variety of internet connection types including fiber, cable, and in some cases fixed wireless or satellite options, ensuring broad coverage and multiple choices for tenants and businesses at 498 Seventh Avenue.
498 Seventh Avenue is situated at the intersection of 7th Avenue and 37th Street in the Garment District of Manhattan, New York City.
Transportation to this location is world-class, with easy access to multiple subway lines and bus routes.
Subway Lines:
- A, C, E, N, Q, R, W, 1, 2, 3, 7 trains nearby
- Closest stops include Times Square-42nd Street and Penn Station
Bus Lines:
- M7, M20, Q32, QM1, QM10 among others
- Routes provide connections to various parts of the city
Key Cross Streets:
- 7th Avenue & 37th Street
- Close proximity to major transportation hubs like Penn Station and Times Square
Neighborhood:
- Garment District, known for fashion and high walkability
