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Rent/Lease Office 498 Seventh Ave, New York, NY

Lease Office 498 Seventh Ave

$ / SF / Yr SF Monthly Rent
Negotiable

Rent Sublease Office at 498 Seventh Ave

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Broadway & West 36th Street $ 48
11,700
$ 46,800
Penn Plaza & West 33rd Street $ 41.5
29,000
$ 100,291
Bryant Park & Sixth Avenue $ 60
14,000
$ 70,000
Address $ / SF / Yr SF Monthly Rent
Broadway & West 36th Street $ 55.5
3,200
$ 14,800
Broadway & West 41st Street $ 56.5
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 71
4,300
$ 25,441
Address $ / SF / Yr SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF / Yr SF Monthly Rent
W 37th St & Sixth Avenue $ 33.5
11,400
$ 31,825
W 37th St & Avenue of the Americas $ 34.5
10,200
$ 29,325
Broadway & West 37th Street $ 42
11,100
$ 38,850
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
W 40th St & Seventh Avenue $ 38
15,100
$ 47,816
Eighth Ave & West 34th Street $ 54
8,900
$ 40,050
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 48.5
4,200
$ 16,975
W 37th St & Sixth Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 41.5
2,600
$ 8,991
Broadway & West 37th Street $ 41
6,100
$ 20,841
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 47
2,100
$ 8,225
Tenth Ave & West 37th Street $ 46.5
2,200
$ 8,525
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
W 36th St & Between Eighth Avenue $ 38
2,400
$ 7,600
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 33
7,500
$ 20,625
W 30th St & Fifth Avenue $ 30
7,100
$ 17,750
W 36th St & Eighth Avenue $ 33
7,800
$ 21,450
Address $ / SF / Yr SF Monthly Rent
Penn Plaza & West 30th Street $ 48
2,500
$ 10,000
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
W 35th St & Seventh Avenue $ 35.5
5,300
$ 15,679
W 36th St & Eighth Avenue $ 50.5
3,700
$ 15,570
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 36th St & Avenue of the Americas $ 45
3,400
$ 12,750
W 30th St & Fifth Avenue $ 33
5,000
$ 13,750
Broadway & West 32nd Street $ 46.28
3,500
$ 13,498
Address $ / SF / Yr SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,000
$ 7,833
W 36th St & Eighth Avenue $ 49
2,400
$ 9,800
Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Broadway & West 41st Street $ 70.5
13,200
$ 77,550
Fifth Ave & West 38th Street $ 56.5
17,600
$ 82,866
Broadway & West 39th Street $ 59
10,900
$ 53,591
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
W 40th St & Avenue of the Americas $ 74.5
8,500
$ 52,770
Address $ / SF / Yr SF Monthly Rent
Broadway & West 37th Street $ 67.5
5,500
$ 30,937
W 38th St & Avenue of the Americas $ 56
3,500
$ 16,333
Broadway & West 41st Street $ 65.5
6,800
$ 37,116
Broadway & West 36th Street $ 65.5
4,600
$ 25,108
2 & West 31st Street $ 140.5
5,300
$ 62,054
Fifth Ave & West 38th Street $ 61
3,800
$ 19,316
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
Address $ / SF / Yr SF Monthly Rent
Broadway & West 37th Street $ 67.5
2,300
$ 12,937
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Address $ / SF / Yr SF Monthly Rent
Eighth Ave & West 36th Street $ 40.5
7,500
$ 25,312
W 39th St & Eighth Avenue $ 40
7,700
$ 25,666
W 33rd St & Fifth Avenue $ 40.5
7,100
$ 23,962
Eighth Ave & West 35th Street $ 39
7,100
$ 23,075
Eighth Ave & W 35th Street $ 40
8,000
$ 26,666
W 37th St & Avenue of the Americas $ 46.5
8,600
$ 33,325
Tenth Ave & West 37th Street $ 49.5
7,900
$ 32,587
W 36th St & Sixth Avenue $ 46.5
9,600
$ 37,200
Broadway & West 38th Street $ 54
9,500
$ 42,750
Seventh Ave & West 37th Street $ 56
10,300
$ 48,066
Address $ / SF / Yr SF Monthly Rent
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
W 35th St & Avenue of the Americas $ 29
4,400
$ 10,633
Eighth Ave & West 36th Street $ 36
4,700
$ 14,100
Address $ / SF / Yr SF Monthly Rent
Eighth Ave & West 36th Street $ 42
2,200
$ 7,700
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
W 38th St & Fifth Avenue $ 35
2,200
$ 6,416
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
Tenth Ave & West 37th Street $ 44
2,200
$ 8,066
W 40th St & Eighth Avenue $ 47.5
1,900
$ 7,520
Broadway & West 38th Street $ 52
1,900
$ 8,233
7th Ave & Between Seventh Avenue $ 57
1,600
$ 7,600
Avenue of the Americas & West 39th Street $ 61
2,300
$ 11,691
Avenue of the Americas & West 31st Street $ 79
2,400
$ 15,800
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 40.5
8,800
$ 29,700
W 39th St & Eighth Avenue $ 36
9,200
$ 27,600
Eighth Ave & West 36th Street $ 42
16,000
$ 56,000
W 35th St & Seventh Avenue $ 35
7,600
$ 22,166
Eighth Ave & West 39th Street $ 41
11,400
$ 38,950
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 40
3,900
$ 13,000
W 35th St & Eighth Avenue $ 33.5
3,300
$ 9,212
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Fifth Avenue $ 39
2,700
$ 8,775
Eighth Ave & West 36th Street $ 40.5
5,800
$ 19,575
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 35.5
2,300
$ 6,804
W 38th St & Eighth Avenue $ 36.46
2,100
$ 6,380
W 39th St & Eighth Avenue $ 39.5
1,600
$ 5,266
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 32nd St & Ninth Avenue $ 50
1,800
$ 7,500
W 32nd St & Broadway $ 43
2,100
$ 7,525

Retail Spaces for Rent at 498 Seventh Ave

Rent Retail 498 Seventh Ave

$ / SF / Yr SF Monthly Rent
Negotiable
$ / SF / Yr SF Monthly Rent
Negotiable

Rent Medical Space at 498 Seventh Ave

Office Tenants Rented / Leased 498 Seventh Avenue
  • Siemens leased 34,128 SF
  • Cosentini Associates leased 59,798 SF
  • Tetra Tech leased 60,000 SF
  • CB Insights leased 43,000 SF
  • Transfix leased 60,000 SF
  • 1199SEIU Healthcare Workers East;Mary Ann Tighe, Ken Meyerson, Brendan Herlihy; Jonathan Serko, Richard Serko, Ed Donnery leased 580,000 SF
  • Alloy Digital leased 29,416 SF
  • Michael J. Fox Foundation leased 29,468 SF
  • William Esper Studio leased 7,300 SF
  • Liquidnet Inc. leased 40,000 SF
Retail Tenants Rented / Leased 498 Seventh Avenue
  • Udizine leased 2,600 SF
  • Metrix USA leased 1,615 SF
Nearby Office Tenants Leased
  • 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
Nearby Retail Tenants Leased
  • 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
$ / SF SF Monthly Rent
Please notify me when a new space is available
Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 498 Seventh Avenue. This trend is projected to continue. Opportunities for subleases remain available at 498 Seventh Avenue and in the nearby Penn Plaza/Garment neighborhood.
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498 Seventh Avenue nyc
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Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe a fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

498 Seventh Avenue, New York, NY Property Overview

Building Address: 498 Seventh Ave, New York NY 10018
Building Alternate Address: 498 7th Ave, New York, NY
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.

  • 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.


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

Office Tenants Rented / Leased 498 Seventh Avenue
  • Siemens leased 34,128 SF
  • Cosentini Associates leased 59,798 SF
  • Tetra Tech leased 60,000 SF
  • CB Insights leased 43,000 SF
  • Transfix leased 60,000 SF
  • 1199SEIU Healthcare Workers East;Mary Ann Tighe, Ken Meyerson, Brendan Herlihy; Jonathan Serko, Richard Serko, Ed Donnery leased 580,000 SF
  • Alloy Digital leased 29,416 SF
  • Michael J. Fox Foundation leased 29,468 SF
  • William Esper Studio leased 7,300 SF
  • Liquidnet Inc. leased 40,000 SF
Retail Tenants Rented / Leased 498 Seventh Avenue
  • Udizine leased 2,600 SF
  • Metrix USA leased 1,615 SF
Nearby Office Tenants Leased
  • 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
Nearby Retail Tenants Leased
  • 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

Recent News About 498 Seventh Avenue

Argent Trading Testimonial

Argent Trading testimonial To Whom it May Concern: I have had the opportunity to work with Optimal Spaces Inc. (specifically, Stephen Sunderland) over the last 18 months. Stephen was hired to find a reasonably priced lease for corporate office space that would support our highly professional environment. I considered this to be a significant challenge since Manhattan was experiencing a severe shortage in available professional space. However, Stephen found a space that exceeded my expectations and that was approximately 15% below current market rates for comparable space. An important aspect of working with Stephen is the level to which I can trust him to act in my best interest. I believe that Stephen possesses in-depth knowledge of the New York City real estate market and is responsive and performs his work in a very professional manner. I am impressed by Stephen's sincere desire to understand his clients' needs. It is clear to me that Stephen is interested un building mutually beneficial business relationships. I am happy to recommend Optimal Spaces Inc. to other growing businesses, and I look forward to working with Optimal Spaces Inc. again. Sincerely, William Levitz President Argent Trading, LLC

Office Buildings in Penn Plaza/Garment

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