| Bulding Address: | 501 Fifth Ave, New York NY 10017 |
| Building Alternate address: | 501 5th Ave |
| Zip Code: | 10017 |
| Neighborhood: | Grand Central |
| Borough: | Manhattan |
| Stories: | 23 |
| Year Built: | 1916 |
| Building Class: | B |
| Block & lot: | 01276-0069 |
The Astor Trust Building, located at 501 Fifth Avenue in Manhattan, was completed in 1917. Designed by architect Montague Flagg, the building showcases a modern take on Renaissance Revival architecture. It features a tripartite configuration with a three-story base, a 14-story midsection, and a detailed top section including double-height columns and ornate friezes.
The building was initially intended to house the Astor Trust Company on a long-term lease, but in the same year it was completed, the Astor Trust merged with Bankers' Trust. Consequently, the main entrance was updated to reflect this change.
Originally, the tenant list was diverse, including firms such as the American Automobile Association, yacht dealers, and publishers. The building also played a role during World War I, offering services to support military families. Over the years, the building has been associated with significant events, including a notable visit by federal investigators in 1921 related to the Auto Ordnance Corporation.
Today, the building, known as the Bankers Trust Building, is a part of Manhattan's vibrant commercial landscape.
501 Fifth Avenue, known as The Astor Trust Building, is a prestigious commercial landmark located in Midtown Manhattan, NYC. Situated at the corner of Fifth Avenue and 42nd Street, it is directly across from the iconic New York Public Library. This prime location offers unparalleled access to world-class amenities and a vibrant business community.
Location Highlights:
- Convenient Midtown Manhattan location, near Times Square and Bryant Park.
- Access to major transportation hubs, including Grand Central Terminal and multiple subway stations.
Building Features:
- Historic charm with modern efficiency, blending classic architecture with contemporary amenities.
- Approximately 156,997 square feet of rentable office space across multiple floors.
- Flexible office layouts and advanced technology infrastructure for diverse business needs.
- Amenities include a modern fitness center, on-site dining options, and a rooftop terrace.
Tenant Community:
The building is home to a diverse tenant community, featuring tech startups, creative agencies, law firms, accounting firms, and public relations companies. This dynamic environment promotes networking and collaboration among tenants.
Building Amenities at 501 Fifth Avenue, Manhattan, NYC
501 Fifth Avenue, also known as The Astor Trust Building, is a distinguished commercial office building combining historic elegance with modern features. Key amenities include:
- 24-hour doorman providing secure, round-the-clock access
- Gorgeous, recently renovated lobby with attended reception
- Electronic directory for efficient navigation and tenant identification
- On-site landlord and property management team ensuring prompt service
- Elevators servicing all 23 floors for convenient vertical transit
- Modern fitness center to support tenant wellness and work-life balance
- On-site dining options for tenant convenience
- Rooftop terrace offering panoramic city views and a serene outdoor space
- Proximity to major transit hubs including Grand Central Terminal, Bryant Park, and Times Square within a short walking distance
- Highly efficient office layouts with full build-out options available
501 Fifth Avenue, known as The Astor Trust Building, hosts a diverse range of tenants including:
- ARBA-L New York - Tenant since 2020.
- BedRock Real Estate - Entered a new lease in 2019.
- Cha Cha Matcha - Signed a new lease in 2019.
- DeVito Group - Tenant since 2019.
- Cho & Hong - Tenant since 2019.
- F & D Partners - Tenant since 2019.
- Palmyra Equity - Tenant since 2019.
- Bryant Park Wine & Spirits - Tenant since 2019.
- Joanna Vargas LTD - New lease signed in 2018.
- Dunkin’ Donuts - Tenant since 2018.
- San Sheng - Tenant since 2018.
- Joseph Edwards - Tenant since 2007.
- Abramson Brothers Inc
- Gotham Footcare PC
Internet Providers at 501 Fifth Ave, Manhattan, NYC
-
Verizon New York
Technology: Fiber
Maximum Download Speed: 1 Gbps
Maximum Upload Speed: 25 Mbps
-
Lightower
Technology: Fiber
Maximum Download Speed: 10 Gbps
Maximum Upload Speed: 10 Gbps
-
Level 3 Communications
Technology: Fiber
Maximum Download Speed: 10 Gbps
Maximum Upload Speed: 10 Gbps
-
Cablevision/Lightpath
Technology: Fiber
Maximum Download Speed: 10 Gbps
Maximum Upload Speed: 10 Gbps
Location
501 Fifth Avenue, Manhattan, New York City, located at the corner of Fifth Avenue and 42nd Street, across from the New York Public Library.
Nearby Cross Streets
Fifth Avenue & 42nd Street
Public Transportation Access
Subway
- Closest major subway stations within walking distance:
- 42nd Street–Bryant Park/Fifth Avenue station (served by lines B, D, F, M)
- Grand Central Terminal (served by lines 4, 5, 6, 7, S)
- Times Square–42nd Street (served by lines 1, 2, 3, 7, N, Q, R, W, S)
Bus
- Nearby bus lines include: M1, M2, M3, M4, M5, M7, M50, M101, M102, M104
- Bus stops close to 5th Avenue near 42nd Street and adjacent blocks
Train
- Grand Central Terminal nearby provides access to Metro-North Railroad lines (Hudson, Harlem, New Haven)
Walking Access
501 Fifth Avenue is centrally located in Midtown Manhattan, within walking distance of Bryant Park, Times Square, and Rockefeller Center.
