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Rent/Lease Office 5 E 59th St

$ / SF SF Monthly Rent
$ 180
$ 171

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
W 57th St & Avenue of the Americas $ 112
25,000
$ 232,291
Avenue of the Americas & West 55th Street West 56th Street $ 64
7,300
$ 38,933
Madison Ave & East 54th Street $ 80
31,000
$ 206,666
Madison Ave & East 60th Street $ 89
9,500
$ 70,458
Madison Ave & East 51st Street $ 75
8,100
$ 50,625
Avenue Of The Americas & West 47th Street $ 58
10,000
$ 48,333
Park Ave & East 57th Street $ 160
10,800
$ 144,000
Madison Ave & East 59th Street $ 99
8,300
$ 68,475
E 53rd St & Fifth Avenue $ 79
12,200
$ 80,316
Fifth Ave & West 52nd Street $ 130
10,300
$ 111,583
Address $ / SF SF Monthly Rent
Park Ave & East 54th Street $ 85
5,600
$ 39,666
Fifth Ave & East 56th Street $ 85
4,400
$ 31,166
Lexington Ave & East 50th Street $ 54
4,000
$ 18,000
Avenue of the Americas & West 55th Street West 56th Street $ 62
6,200
$ 32,033
Fifth Ave & West 52nd Street $ 78
4,400
$ 28,600
Madison Ave & East 49th Street $ 69
5,500
$ 31,625
Address $ / SF SF Monthly Rent
Madison Ave & East 49th Street $ 76
2,200
$ 14,025
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 60th St & Madison Avenue $ 65
4,200
$ 22,750
W 57th St & Avenue of America $ 531
5,100
$ 225,675
Address $ / SF SF Monthly Rent
W 57th St & Avenue of America $ 531
2,300
$ 101,775
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Tipo de espacio Clase A/mes Clase B/mes Clase C/mes
Oficina con ventana/persona
Oficina interior/persona
Salas de equipo
Suites

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
W 57th St & Avenue of the Americas $ 105
15,800
$ 138,250
Fifth Ave & East 55th Street $ 158
19,300
$ 253,312
Park Ave & East 58th Street $ 125
11,300
$ 117,708
Address $ / SF SF Monthly Rent
Third Ave & East 49th Street $ 50
4,300
$ 17,916
Park Ave & East 54th Street $ 80
3,500
$ 23,187
Park Ave & East 58th Street $ 125
4,000
$ 41,666
Third Ave & East 49th Street $ 73
3,800
$ 23,116
Madison Ave & East 55th Street $ 65
5,000
$ 27,083
Address $ / SF SF Monthly Rent
Third Ave & East 49th Street $ 60
2,000
$ 10,000
E 52nd St & Lexington Avenue $ 64
2,400
$ 12,800
Madison Ave & East 55th Street $ 76
2,300
$ 14,566
Madison Ave & East 48th Street $ 70
1,800
$ 10,500
Fifth Ave & West 47th Street $ 73
1,900
$ 11,558
Avenue of the Americas & West 51th Street $ 84
2,200
$ 15,400
Rockefeller Plz & West 50th Street $ 92
1,600
$ 12,266
Park Ave & East 56th Street $ 98
1,900
$ 15,516
Address $ / SF SF Monthly Rent
W 48th St & Avenue of the Americas $ 58
12,500
$ 60,416
5th Ave & West 47th Street $ 63
8,000
$ 42,000
Address $ / SF SF Monthly Rent
Park Ave & East 59th Street $ 70
6,200
$ 35,908
Madison Ave & East 49th Street $ 56
3,400
$ 15,739
E 48th St & Madison Avenue $ 55
4,600
$ 21,083
E 52nd St & Fifth Avenue $ 42
3,400
$ 12,041
W 57th St & Avenue of America $ 68
4,100
$ 23,233
E 55th St & Third Avenue $ 47
2,900
$ 11,358
E 58th St & Third Avenue $ 50
3,400
$ 14,166
E 59th St & Second Avenue $ 93
3,200
$ 24,880
E 61st St & Barclay Street $ 61
2,500
$ 12,708
E 49th St & Between 5th Avenue $ 27
3,300
$ 7,425
Address $ / SF SF Monthly Rent
Lexington Ave & Lexington Avenue $ 44
2,500
$ 9,270
E 60th St & Madison Avenue $ 55
1,600
$ 7,333
Park Ave & East 59th Street $ 65
2,100
$ 11,375
E 56th St & Park Avenue South $ 59
1,900
$ 9,341
E 48th St & Madison Avenue $ 55
2,400
$ 11,000
W 57th St & Avenue of America $ 67
1,600
$ 8,933
E 60th St & Fifth Avenue $ 54
2,200
$ 9,900
E 58th St & Third Avenue $ 52
1,900
$ 8,233
Madison Ave & East 49th Street $ 65
2,000
$ 10,833
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 52
7,100
$ 31,062
Address $ / SF SF Monthly Rent
E 59th St & Madison Avenue $ 62
4,000
$ 20,500
E 59th St & Between 2nd Avenue $ 66
6,500
$ 35,479
Address $ / SF SF Monthly Rent
W 47th St & Avenue of the Americas $ 53
2,000
$ 8,833

Retail Spaces for Rent at 5 E 59th St

Rent Retail 5 E 59th St

$ / SF SF Monthly Rent
Negotiable

Rent Medical Space at 5 E 59th St

Office Tenants Rented / Leased 5 East 59th Street
  • Snapchat leased 40,000 SF
  • Cgo 59Th Street Owner leased 0 SF
  • Hirschfeld Property leased 0 SF
  • Mzia Shiman Spa leased 0 SF
  • Nataliya Design Studio leased 0 SF
  • Brockman, Inc leased 0 SF
Retail Tenants Rented / Leased 5 East 59th Street
  • Polestar leased 4,000 SF
Nearby Office Tenants Leased
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Bucherer Timemachine leased 121,055 SF at 590 Madison Ave
  • Baker Hostetler LLP leased 118,634 SF at 630 Fifth Ave
Nearby Retail Tenants Leased
  • Breitling leased 8,500 SF at 5 East 57th St
  • Megu leased 8,500 SF at 845 United Nations Plaza
  • Roche Bobois leased 8,200 SF at 950 Third Avenue
  • Duane Reade leased 8,100 SF at 260 Madison Ave
  • 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
  • Valley National Bank leased 7,713 SF at 71 West 47th St
  • Louis the 13th Cognac leased 7,500 SF at 3 West 57th Street
  • HSBC leased 7,491 SF at 250 Park Avenue
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • Francois Latapie leased 6,500 SF at 30 East 60th 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 5 East 59th Street. This trend is projected to continue. Opportunities for subleases remain available at 5 East 59th Street and in the nearby Plaza District neighborhood.
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5 East 59th Street nyc
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5 East 59th Street Property Overview

Building Address: 5 E 59th St, New York NY 10022
Building Alternate Address: 5 E 59th St
Zip Code:10022
Neighborhood:Plaza District
Borough:Manhattan
Stories:9
Year Built:1960
Building Class:B
Block & lot:01374-0005

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5 East 59th Street, Manhattan, NYC

This building is located in the heart of Manhattan, within the prestigious Plaza District, directly adjacent to Central Park and not far from iconic landmarks like the Plaza Hotel and Tiffany & Co.

Recent Transformation

In 2015, the nine-story building, originally the Playboy Club, was set to undergo a conversion to house both retail and office spaces. The plan included maintaining retail and showroom areas on the lower levels, while the upper floors were dedicated to office space. The property was purchased for $85 million that summer.

Historical Background

5 East 59th Street was completed in 1984, standing at nine stories tall in the Lenox Hill neighborhood of Manhattan. The street itself, 59th Street, forms a significant boundary between Midtown and Upper Manhattan, offering stunning views and proximity to Central Park.

Current Status

Today, 5 East 59th Street stands as a strategic location for luxury retail and premium office spaces. The building's conversion emphasizes the integration of modern office facilities with exceptional views of the Manhattan skyline and Central Park.

5 East 59th Street is a prestigious address in Manhattan, located between Fifth and Madison Avenues in the heart of the Plaza District. This 9-story commercial building offers a strategic location for both retail and office spaces. Directly facing Apple's iconic Fifth Avenue flagship, it benefits from exceptional foot traffic, attracting luxury shoppers, international tourists, and Manhattan's affluent residents. The building is surrounded by global luxury brands such as Tiffany & Co., Gucci, Balmain, Bottega Veneta, and Louis Vuitton.

The building has a historical significance, having previously been home to the legendary Playboy Club and Snapchat's NYC headquarters. It presents a rare opportunity for businesses to establish a presence in Manhattan's most coveted retail and corporate corridor.

The property features include high ceilings, abundant natural light, and modern office spaces ideal for corporate headquarters or luxury brands. Exclusive amenities include two full-service amenity floors, offering a private lounge and rooftop terrace with panoramic views of Manhattan's skyline.


5 East 59th Street, Manhattan, NYC

5 East 59th Street, Manhattan, NYC

Building Amenities

  • Premium Office Spaces: Modern, efficient spaces with open layouts, and extensive natural light. Ideal for corporate headquarters or luxury brands.
  • Private Lounge & Rooftop Terrace:
    • 9th Floor Private Lounge: Light-filled entertainment space with wraparound outdoor terrace offering city views.
    • 10th Floor Roof Terrace: Sprawling outdoor space with 360-degree Manhattan views, landscaped areas, and comfortable seating.
  • Unmatched Location Advantages: Situated between Fifth and Madison Avenues, with direct views of Apple's iconic flagship and Central Park.
  • Renowned Neighbors: Surrounded by luxury brands like Tiffany & Co., Gucci, Balmain, Bottega Veneta, and Louis Vuitton.
  • Exclusive Amenities for Tenants: Full-service, including brand-new elevators and a full-time lobby attendant.
  • Natural Light and High Ceilings: Soaring ceiling heights up to 22 feet, ideal for dramatic brand statements.
  • Foot Traffic and Exposure: Exceptional foot traffic from luxury shoppers and international tourists.

Office Tenants Rented / Leased at 5 E 59th St, Manhattan, NYC

5 East 59th Street, located between Fifth and Madison Avenues in Manhattan's prestigious Plaza District, offers premium office spaces designed for forward-thinking businesses. The building features modern, efficient offices with abundant natural light and panoramic views of Central Park and the Manhattan skyline.

The property stands at the crossroads of Manhattan's luxury retail and corporate sectors, surrounded by renowned brands such as Tiffany & Co., Gucci, Balmain, Bottega Veneta, Louis Vuitton, and faces Apple's iconic Fifth Avenue flagship.

Historically, the building has housed notable tenants including Snapchat’s NYC headquarters and the legendary Playboy Club. Currently, celebrity jeweler Avi & Co. serves as the anchor tenant, emphasizing the property's cachet within the luxury and innovation corridor known as Billionaires’ Row.

Tenants benefit from exclusive access to two full-service amenity floors: a light-filled private lounge with wraparound terraces on the 9th floor, and a sprawling 10th-floor rooftop terrace with 360-degree Manhattan views. These spaces offer exceptional venues for corporate events and casual gatherings, enhancing the tenant experience.

The building’s office floors feature column-free layouts and 14-foot floor-to-ceiling windows that flood interiors with natural light, combined with brand-new elevators and a full-time lobby attendant supporting seamless operations.

This unique combination of location, building features, and prestigious tenant profile makes 5 East 59th Street a distinguished address for corporate headquarters, private equity firms, luxury brands, and creative industries seeking to establish or expand their presence in Manhattan.


Internet providers available near 5 E 59th St, Manhattan, NYC include:

  • Verizon Fios: Known for high speeds up to 2.3 Gbps, offering fiber services with plans starting at $49.99.
  • Astound Broadband Powered by RCN: Offers both cable and fiber services, with speeds up to 1.5 Gbps and plans starting at $29.99.
  • Spectrum: Provides cable internet with speeds up to 1 Gbps, starting at $30 per month.
  • T-Mobile Home Internet: Offers fixed wireless internet with speeds up to 100 Mbps.

Availability might vary based on building infrastructure and specific addresses.


Location and Cross Streets

5 East 59th Street is located in Manhattan, New York City, near the intersection of 5th Avenue and East 59th Street, close to Grand Army Plaza and Central Park's southeast corner.

Nearby Subway Stations and Lines

  • Fifth Avenue–59th Street Station (BMT Broadway Line): Served by N (all times), R (all times except late nights), and W (weekdays only) trains. Located under Grand Army Plaza near 5th Avenue and 60th Street.
  • Lexington Avenue/59th Street Station: Served by 4, 5, 6, N, R, and W trains. One subway stop east of 5th Avenue–59th Street station.

Bus Service Near 5 East 59th Street

  • Buses serving stops near 5th Avenue and East 59th Street include BM2, BXM10, M1, M31, M5, Q32, among others.
  • Nearby bus stops within a few blocks: W 58th St & 5th Ave, Madison Av & E 59 St, W 57th St & 5th Ave.

Additional Transit Options

  • Trains in the vicinity include Harlem Line, PATH, and Ronkonkoma Branch (commuter and regional rail services).
  • The Roosevelt Island Tramway is accessible nearby, providing an aerial connection across the East River.

Nearby Cross Streets

Key cross streets around the location include:

  • 5th Avenue & East 59th Street
  • 5th Avenue & East 60th Street
  • Madison Avenue & East 59th Street
  • Lexington Avenue & East 59th Street (one block east)
Office Tenants Rented / Leased 5 East 59th Street
  • Snapchat leased 40,000 SF
  • Cgo 59Th Street Owner leased 0 SF
  • Hirschfeld Property leased 0 SF
  • Mzia Shiman Spa leased 0 SF
  • Nataliya Design Studio leased 0 SF
  • Brockman, Inc leased 0 SF

Retail Tenants Rented / Leased 5 East 59th Street
  • Polestar leased 4,000 SF
Nearby Office Tenants Leased
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Bucherer Timemachine leased 121,055 SF at 590 Madison Ave
  • Baker Hostetler LLP leased 118,634 SF at 630 Fifth Ave

Nearby Retail Tenants Leased
  • Breitling leased 8,500 SF at 5 East 57th St
  • Megu leased 8,500 SF at 845 United Nations Plaza
  • Roche Bobois leased 8,200 SF at 950 Third Avenue
  • Duane Reade leased 8,100 SF at 260 Madison Ave
  • 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
  • Valley National Bank leased 7,713 SF at 71 West 47th St
  • Louis the 13th Cognac leased 7,500 SF at 3 West 57th Street
  • HSBC leased 7,491 SF at 250 Park Avenue
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • Francois Latapie leased 6,500 SF at 30 East 60th St
Office Tenants Rented / Leased 5 East 59th Street
  • Snapchat leased 40,000 SF
  • Cgo 59Th Street Owner leased 0 SF
  • Hirschfeld Property leased 0 SF
  • Mzia Shiman Spa leased 0 SF
  • Nataliya Design Studio leased 0 SF
  • Brockman, Inc leased 0 SF
Retail Tenants Rented / Leased 5 East 59th Street
  • Polestar leased 4,000 SF
Nearby Office Tenants Leased
  • Cerberus Capital Manage… leased 131,060 SF at 875 Third Ave
  • Grant Thornton LLP leased 130,357 SF at 757 Third Ave
  • Holland & Knight leased 130,296 SF at 900 Third Ave
  • First Republic Bank leased 130,000 SF at 10 Rockefeller Plaza
  • Alvarez & Marsal Holdings… leased 128,798 SF at 600 Madison Ave
  • Katten leased 125,000 SF at 50 Rockefeller Plaza
  • Ziff Brothers Investment leased 125,000 SF at 350 Park Avenue
  • Merrill Lynch Wealth Management leased 125,000 SF at 75 Rockefeller Plaza
  • Bucherer Timemachine leased 121,055 SF at 590 Madison Ave
  • Baker Hostetler LLP leased 118,634 SF at 630 Fifth Ave
Nearby Retail Tenants Leased
  • Breitling leased 8,500 SF at 5 East 57th St
  • Megu leased 8,500 SF at 845 United Nations Plaza
  • Roche Bobois leased 8,200 SF at 950 Third Avenue
  • Duane Reade leased 8,100 SF at 260 Madison Ave
  • 48 Rockefeller Corp. leased 8,000 SF at 48 West 48th St
  • Valley National Bank leased 7,713 SF at 71 West 47th St
  • Louis the 13th Cognac leased 7,500 SF at 3 West 57th Street
  • HSBC leased 7,491 SF at 250 Park Avenue
  • Asanda Aveda leased 6,800 SF at 120 East 56th St
  • Francois Latapie leased 6,500 SF at 30 East 60th St

Recent News About 5 East 59th Street

Belzberg Technologies Inc Testimonial

Belzberg Technologies Inc testimonial To Whom It May Concern, Stephen Sunderland and the team at Optimal Spaces Inc. Inc. have handled a number of transactions for Belzberg Technologies in New York, Philadelphia, and Chicago. In New York alone, Optimal Spaces Inc. recently saved us almost a million dollars by finding a fully built data facility when we were about to build one. The team at Optimal Spaces Inc. was personable, hardworking, trustworthy and was able to both quickly and effectively determine our needs and find the appropriate solution. Belzberg Technologies continues to use Optimal Spaces Inc. for all its real estate needs and I would highly recommend their services to anyone attempting to navigate the commercial real estate market in New York. Please feel free to contact me at (212) 943-1400 Sydney Belzberg Chairman Belzberg Technologies (USA) Inc.
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

✓
  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

✕
  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
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