Rent/Lease Office 498 Seventh Ave

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.

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.

• 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.
• 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.
• 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.
• 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.
• 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.

• BBDO leased 41,000 SF at 1375 Broadway
• Oce Business Services leased 41,000 SF at 460 West 34th St
• Mason Tender's District Council Welfare Fund leased 40,000 SF at 520 Eighth Avenue
• Mueser Rutledge Consulting leased 37,000 SF at 14 Penn Plaza
• Gina Group leased 36,102 SF at 10 West 33rd Street
• The Oved Group leased 35,800 SF at 31 West 34th St
• Knotel leased 35,286 SF at 22 West 38th Street
• Cicatelli Associates leased 33,446 SF at 505 Eighth Ave
• Primary leased 31,083 SF at 251 West 30th Street
• Retail Wholesale and Department Store Union leased 30,500 SF at 7 Penn Plaza

• Designer Concepts Distribution leased 4,000 SF at 141 West 36th St
• GameStop leased 4,000 SF at 50 West 34th St
• Amici 36 leased 4,000 SF at 519 Eighth Ave
• Apparel Trading International leased 4,000 SF at 149 West 36th St
• J.C. Nova leased 3,600 SF at 42 West 38th St
• Consulate General of Honduras leased 3,500 SF at 255 West 36th St
• Wasabi leased 3,400 SF at 561 Seventh Ave
• PYA Importer leased 3,195 SF at 35 West 36th Street
• Scott Galin and Darell Handler, Handler Real Estate leased 3,100 SF at 8 West 38th Street
• Neutral Ground leased 3,000 SF at 15 West 37th St