Rent Office 501 Fifth Avenue

Lease Office - 501 Fifth Ave

$ / SF SF Monthly Rent
$ 50
7,100
$ 29,287
Please notify me when a new space is available
$ / SF SF Monthly Rent
Negotiable
6,100
Negotiable
$ / SF SF Monthly Rent
$ 74
1,800
$ 11,100

Rent Sublease Office - 501 Fifth Ave

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
Rent Coworking Office
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1479 $ 775
Interior office/person $ 1350 $ 979 $ 525
Team Rooms $ 10100 $ 8229 $ 5025
Suites $ 20100 $ 12229 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
E 42nd St & Lexington Avenue Negotiable
8,200
Negotiable
Madison Ave & East 40th Street Negotiable
15,900
Negotiable
Third Ave & East 46th Street Negotiable
7,400
Negotiable
Lexington Ave & East 47th Street Negotiable
14,200
Negotiable
Fifth Ave & East 44th Street Negotiable
12,300
Negotiable
Park Ave & East 39th Street $ 105
12,400
$ 108,500
Madison Ave & East 45th Street $ 85
14,200
$ 100,583
E 42nd St & Second Avenue Negotiable
8,200
Negotiable
Vanderbilt Ave & Between East 42nd Street Negotiable
7,200
Negotiable
E 40th St & Fifth Avenue Negotiable
7,800
Negotiable
Lexington Ave & East 42nd Street Negotiable
7,400
Negotiable
Fifth Ave & East 44th Street Negotiable
7,900
Negotiable
Third Ave & East 40th Street Negotiable
7,400
Negotiable
Third Ave & East 41st Street Negotiable
8,400
Negotiable
Third Ave & East 42nd Street Negotiable
8,000
Negotiable
Third Ave & East 46th Street Negotiable
7,900
Negotiable
Address $ / SF SF Monthly Rent
E 42nd St & Lexington Avenue Negotiable
3,300
Negotiable
Madison Ave & East 40th Street Negotiable
3,900
Negotiable
E 45th St & Lexington Avenue $ 81
4,300
$ 29,025
E 44th St & East 44th Street Negotiable
5,200
Negotiable
Lexington Ave & East 41st Street Negotiable
4,300
Negotiable
Lexington Ave & East 42nd Street Negotiable
4,100
Negotiable
Third Ave & East 39th Street Negotiable
5,200
Negotiable
Third Ave & East 40th Street Negotiable
4,000
Negotiable
Third Ave & East 41st Street $ 70
4,800
$ 28,000
Third Ave & East 42nd Street Negotiable
4,200
Negotiable
Third Ave & Between East 44th Street $ 65
4,800
$ 26,000
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Address $ / SF SF Monthly Rent
E 42nd St & Lexington Avenue Negotiable
2,200
Negotiable
Park Ave & East 41st Street $ 85
2,300
$ 16,291
Madison Ave & East 40th Street Negotiable
2,400
Negotiable
Fifth Ave & East 45th Street Negotiable
2,000
Negotiable
E 44th St & East 44th Street $ 82
2,300
$ 15,716
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
Lexington Ave & East 42nd Street Negotiable
2,100
Negotiable
Lexington Ave & East 47th Street Negotiable
2,300
Negotiable
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Third Ave & East 41st Street Negotiable
1,800
Negotiable
Third Ave & East 46th Street Negotiable
1,800
Negotiable
Third Ave & East 46th Street Negotiable
1,900
Negotiable
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street Negotiable
17,400
Negotiable
Address $ / SF SF Monthly Rent
E 41st St & Fifth Avenue Negotiable
4,000
Negotiable
E 46th St & Fifth Avenue Negotiable
5,600
Negotiable
E 44th St & Third Avenue Negotiable
6,000
Negotiable
E 45th St & Third Avenue $ 48
5,000
$ 20,000
Madison Ave & East 40th Street Negotiable
5,900
Negotiable
Madison Ave & East 39th Street Negotiable
2,700
Negotiable
Madison Ave & East 41st Avenue Negotiable
2,600
Negotiable
Lexington Ave & East 40th Street Negotiable
2,500
Negotiable
Lexington Ave & East 41st Street Negotiable
2,700
Negotiable
E 40th St & Park Avenue Negotiable
5,100
Negotiable
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue $ 132
2,000
$ 22,000
E 45th St & Third Avenue Negotiable
1,700
Negotiable
Madison Ave & East 40th Street Negotiable
1,900
Negotiable
Madison Ave & East 39th Street Negotiable
1,900
Negotiable
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
Lexington Ave & East 40th Street $ 43
2,100
$ 7,525
Madison Ave & East 40th Street Negotiable
1,800
Negotiable
Address $ / SF SF Monthly Rent
E 39th St & Fifth Avenue Negotiable
7,900
Negotiable
Fifth Ave & East 39th Street Negotiable
7,300
Negotiable
Address $ / SF SF Monthly Rent
E 44th St & Madison Avenue Negotiable
2,700
Negotiable
E 40th St & Lexington Avenue Negotiable
3,000
Negotiable
Address $ / SF SF Monthly Rent
E 44th St & Madison Avenue Negotiable
2,200
Negotiable
E 40th St & Lexington Avenue Negotiable
1,600
Negotiable

Retail Spaces for Rent

Rent Retail - 501 Fifth Ave

$ / SF SF >Monthly Rent
$ / SF SF >Monthly Rent
$ / SF SF >Monthly Rent

Rent Retail - 501 Fifth Ave

$ / SF SF >Monthly Rent
$ / SF SF >Monthly Rent
$ / SF SF >Monthly Rent

Nearby retail Spaces for Rent

Address $ / SF SF Monthly Rent
E 42nd St & Lexington Avenue $ 58
4,700
$ 22,716
Park Ave & East 41st Street Negotiable
16,200
Negotiable
E 42nd St & Second Avenue $ 80
4,500
$ 30,000
Park Ave & East 40th Street Negotiable
3,400
Negotiable
Madison Ave & East 39th Street Negotiable
6,000
Negotiable
Lexington Ave & East 47th Street Negotiable
5,100
Negotiable
Fifth Ave & East 44th Street Negotiable
9,700
Negotiable
E 42nd St & Madison Avenue Negotiable
2,200
Negotiable
Third Ave & Between East 44th Street Negotiable
2,100
Negotiable
Third Ave & East 46th Street Negotiable
4,000
Negotiable
Park Ave & East 39th Street Negotiable
2,800
Negotiable
E 40th St & Fifth Avenue Negotiable
3,500
Negotiable
E 42nd St & Lexington Avenue Negotiable
2,400
Negotiable
Park Ave & Lexington Avenue Negotiable
6,400
Negotiable
Park Ave & East 46th Street Negotiable
2,000
Negotiable
Third Ave & East 40th Street $ 115
2,300
$ 22,041
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street Negotiable
1,100
Negotiable
E 42nd St & Third Avenue Negotiable
1,200
Negotiable
Lexington Ave & East 47th Street Negotiable
1,600
Negotiable
Third Ave & East 39th Street Negotiable
1,000
Negotiable
Madison Ave & East 39th Street Negotiable
1,600
Negotiable
E 42nd St & Lexington Avenue Negotiable
1,800
Negotiable
Park Ave & Lexington Avenue Negotiable
1,900
Negotiable
Madison Ave & East 41st Avenue $ 300
1,700
$ 42,500
Madison Ave & East 44th Street Negotiable
1,700
Negotiable
Third Ave & East 43rd Street Negotiable
1,500
Negotiable
3rd Ave & Between East 45th Street Negotiable
1,800
Negotiable
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 44th St & Third Avenue $ 55
2,200
$ 10,083
E 44th St & Fifth Avenue Negotiable
5,000
Negotiable
Madison Ave & East 40th Street Negotiable
5,200
Negotiable
Madison Ave & Between East 44th Street Negotiable
11,200
Negotiable
Address $ / SF SF Monthly Rent
Madison Ave & East 40th Street Negotiable
1,600
Negotiable
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue Negotiable
2,100
Negotiable
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent

Rent Medical Space

$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
$ / SF SF Monthly Rent
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Nearby medical Spaces for Rent

Address $ / SF SF Monthly Rent
Third Ave & East 41st Street Negotiable
5,500
Negotiable
Address $ / SF SF Monthly Rent
Third Ave & East 41st Street Negotiable
3,300
Negotiable
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue Negotiable
5,600
Negotiable
E 45th St & Second Avenue Negotiable
6,800
Negotiable
Madison Ave & East 41st Avenue Negotiable
5,700
Negotiable
Lexington Ave & East 41st Street $ 50
5,600
$ 23,100
Address $ / SF SF Monthly Rent
Lexington Ave & East 41st Street $ 49
4,000
$ 16,333
E 46th St & Fifth Avenue Negotiable
3,900
Negotiable
Madison Ave & East 40th Street Negotiable
3,000
Negotiable
Address $ / SF SF Monthly Rent
Madison Ave & East 39th Street $ 45
1,600
$ 6,000
E 39th St & Fifth Avenue $ 39
2,800
$ 9,100
E 44th St & Third Avenue $ 50
1,300
$ 5,416
Lexington Ave & East 41st Street $ 43
2,700
$ 9,675
E 40th St & Park Avenue $ 58
2,400
$ 11,700
E 40th St & Madison Avenue $ 68
1,400
$ 7,875
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue Negotiable
3,000
Negotiable
Address $ / SF SF Monthly Rent
E 40th St & Madison Avenue $ 70
2,000
$ 11,666
E 44th St & Madison Avenue $ 46
2,700
$ 10,237
Find My Space!
501 Fifth Avenue nyc
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Lease 501 Fifth Avenue

Rent 501 Fifth Avenue Property Overview

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.

Rent Office - 501 Fifth Avenue Average

Year $ / SF
2018 66.67
2019 67.8
2020 71.44
2021 62.79
2022 60.37
Year$ / SF
202239.5

Argent Trading Testimonial

Argent Trading testimonial

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Optimal Spaces can help you turn critical and complex real estate issues into opportunities for growth and or cost reduction. We offer the experience, know-how, and the strategic planning that helps lead to better decisions. Virtually everything you need to enhance the value of your business (for profit and not for profit) , you will find at Optimal Spaces.

About Optimal Spaces
Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.

Buildings Offices in Grand Central

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Optimal Spaces specializes in negotiating deals for tenants, ensuring savings of 15-20% compared to what tenants could achieve on their own.

Finding the perfect commercial space in New York is essential, and we understand its importance. Our services encompass a wide range of commercial available spaces, including office, educational, industrial, retail, medical, and loft spaces.
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