| 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)
