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Rent Office 501 Fifth Avenue

$ / SF SF Monthly Rent
$ 50
1,700
$ 7,154
$ 60
2,800
$ 14,116
$ 46
9,100
$ 35,262

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Fifth Ave & East 44th Street $ 65
13,500
$ 73,125
Third Ave & East 39th Street $ 35
49,100
$ 143,208
Lexington Ave & East 43rd Street $ 54
12,900
$ 57,512
5th Ave & East 44th Street $ 70
9,600
$ 56,000
Park Ave & East 45th Street $ 98
9,700
$ 79,620
Address $ / SF SF Monthly Rent
Park Ave & East 39th Street $ 99
4,200
$ 34,650
Fifth Ave & East 44th Street $ 50
3,300
$ 13,750
E 42nd St & Lexington Avenue $ 49
4,800
$ 19,600
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 50
2,100
$ 8,750
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 40
10,300
$ 34,333
Lexington Ave & East 41st Street $ 25
7,300
$ 15,056
Address $ / SF SF Monthly Rent
E 42nd St & Park Avenue $ 42
5,100
$ 17,850
Fifth Ave & East 44th Street $ 52
3,300
$ 14,162
E 42nd St & Lexington Avenue $ 52
4,800
$ 20,600
Lexington Ave & East 41st Street $ 27
5,600
$ 12,483
Madison Ave & East 40th Street $ 58
4,200
$ 20,387
E 41st St & Fifth Avenue $ 47
2,700
$ 10,575
Address $ / SF SF Monthly Rent
Fifth Ave & East 45th Street $ 52
2,100
$ 9,012
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
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
Vanderbilt Ave & East 43rd Street $ 125
15,800
$ 164,583
Fifth Ave & East 46th Street $ 69
11,400
$ 65,550
Park Ave & East 41st Avenue $ 175
12,200
$ 177,916
Lexington Ave & East 42nd Street $ 69
7,400
$ 42,550
Third Ave & East 40th Street $ 60
27,700
$ 138,500
Park Ave & East 39th Street $ 105
12,400
$ 108,500
E 42nd St & Lexington Avenue $ 69
28,500
$ 163,875
Fifth Ave & East 40th Street $ 85
11,200
$ 79,333
Madison Ave & East 45th Street $ 85
14,200
$ 100,583
E 42nd St & Madison Avenue $ 84
12,700
$ 88,900
Address $ / SF SF Monthly Rent
Park Ave & East 40th Street $ 98
3,200
$ 26,133
E 45th St & Lexington Avenue $ 81
4,300
$ 29,025
Lexington Ave & East 42nd Street $ 67
4,000
$ 22,333
Third Ave & East 42nd Street $ 70
5,500
$ 32,083
E 42nd St & Lexington Avenue $ 58
4,100
$ 19,816
Vanderbilt Ave & East 44th Street $ 49
5,300
$ 21,641
Third Ave & East 41st Street $ 55
5,100
$ 23,375
Third Ave & East 41st Street $ 70
4,800
$ 28,000
Third Ave & Between East 44th Street $ 65
4,800
$ 26,000
Third Ave & East 46th Street $ 62
4,100
$ 21,183
Third Ave & East 39th Street $ 70
4,700
$ 27,416
Address $ / SF SF Monthly Rent
E 45th St & Lexington Avenue $ 75
2,400
$ 15,000
Lexington Ave & East 42nd Street $ 61
1,500
$ 7,625
Park Ave & East 41st Street $ 85
2,300
$ 16,291
E 44th St & East 44th Street $ 82
2,300
$ 15,716
Lexington Ave & East 41st Street $ 57
1,500
$ 7,125
Third Ave & East 41st Street $ 55
1,700
$ 7,791
Address $ / SF SF Monthly Rent
E 42nd St & Park Avenue $ 59
9,700
$ 47,691
E 42nd St & Lexington Avenue $ 66
8,400
$ 45,850
Madison Ave & East 40th Street $ 66
14,600
$ 80,908
Vanderbilt Ave & East 44th Street $ 80
8,100
$ 53,662
Fifth Ave & East 45th Street $ 68
7,900
$ 44,766
E 44th St & Third Avenue $ 58
8,400
$ 40,600
E 45th St & Third Avenue $ 48
7,100
$ 28,400
Madison Ave & East 40th Street $ 58
16,000
$ 76,666
Madison Ave & East 40th Street $ 57
8,800
$ 41,800
Address $ / SF SF Monthly Rent
E 45th St & Third Avenue $ 48
5,000
$ 20,000
Madison Ave & East 40th Street $ 56
6,900
$ 32,200
E 44th St & Third Avenue $ 48
4,500
$ 18,000
E 41st St & Fifth Avenue $ 50
4,000
$ 16,666
E 42nd St & Park Avenue $ 66
6,700
$ 36,850
Madison Ave & East 40th Street $ 77
3,600
$ 23,100
Madison Ave & East 41st Avenue $ 58
5,700
$ 27,550
Madison Ave & East 41st Avenue $ 63
2,600
$ 13,650
Lexington Ave & East 41st Street $ 62
3,700
$ 19,116
Vanderbilt Ave & East 44th Street $ 52
4,000
$ 17,333
Fifth Ave & East 45th Street $ 84
6,800
$ 47,600
Third Ave & Between East 44th Street $ 68
4,800
$ 27,200
E 42nd St & Lexington Avenue $ 57
3,300
$ 15,675
Address $ / SF SF Monthly Rent
E 46th St & Fifth Avenue $ 132
2,000
$ 22,000
Madison Ave & East 41st Avenue $ 55
2,000
$ 9,166
Lexington Ave & East 40th Street $ 43
2,100
$ 7,525
Lexington Ave & East 44th Street $ 55
1,500
$ 6,875
E 42nd St & Lexington Avenue $ 60
2,200
$ 11,091
E 42nd St & Madison Avenue $ 71
2,100
$ 12,425
Second Ave & East 43rd Street $ 58
2,300
$ 11,212
Madison Ave & East 39th Street $ 52
1,900
$ 8,154
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 85
9,200
$ 65,166
Fifth Ave & East 39th Street $ 52
7,300
$ 31,633
E 39th St & Fifth Avenue $ 40
7,900
$ 26,662
Address $ / SF SF Monthly Rent
Fifth Ave & Between East 42nd Street $ 86
6,000
$ 42,750
E 40th St & Lexington Avenue $ 50
3,000
$ 12,625
Address $ / SF SF Monthly Rent
E 40th St & Lexington Avenue $ 50
1,600
$ 6,666
Tenant Broker’s Perspective: office buildings being demolished or converted to residential are driving up rental prices at 501 Fifth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 501 Fifth Avenue and in the nearby Grand Central neighborhood.
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501 Fifth Avenue Property Overview

Building 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.


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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.

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