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Rent Office 505 Eighth Avenue

$ / SF SF Monthly Rent
$ 41
2,100
$ 7,175
$ 40
3,200
$ 10,666
$ 41
7,100
$ 24,258
$ / SF SF Monthly Rent
Negotiable
10,200
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Penn Plaza & West 33rd Street $ 41
29,000
$ 99,083
Bryant Park & 6th Avenue $ 60
14,000
$ 70,000
Address $ / SF SF Monthly Rent
Broadway & West 36th Street $ 54
3,200
$ 14,400
Broadway & West 41st Street $ 56
4,700
$ 21,737
Fifth Ave & West 33rd Street $ 70
4,300
$ 24,904
Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF SF Monthly Rent
W 37th St & Avenue of America $ 34
10,200
$ 29,325
W 40th St & Between West 39th Street $ 38
15,100
$ 47,816
Address $ / SF SF Monthly Rent
W 37th St & 6th Avenue $ 35
3,500
$ 10,208
W 40th St & Eighth Avenue $ 40
2,600
$ 8,666
Seventh Ave & West 38th Street $ 45
5,200
$ 19,500
Address $ / SF SF Monthly Rent
Tenth Ave & West 37th Street $ 46
2,200
$ 8,341
Seventh Ave & West 38th Street $ 45
2,400
$ 9,000
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
W 36th St & Between 8th Avenue $ 37
1,600
$ 4,933
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 46
2,500
$ 9,687
W 35th St & Between West 35th Street $ 34
5,300
$ 15,016
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 36th St & Avenue of the Americas $ 45
3,400
$ 12,750
W 30th St & Between West 30th Street $ 32
5,000
$ 13,125
W 36th St & Eight Avenue $ 34
6,000
$ 17,000
Broadway & West 32nd Street $ 46
3,500
$ 13,498
Address $ / SF SF Monthly Rent
Penn Plaza & West 30th Street $ 46
2,000
$ 7,666
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1313 $ 775
Interior office/person $ 1350 $ 813 $ 525
Team Rooms $ 10100 $ 8063 $ 5025
Suites $ 20100 $ 12063 $ 7025

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Broadway & West 41st Street $ 70
13,200
$ 77,550
Fifth Ave & West 38th Street $ 56
17,600
$ 82,866
Broadway & West 39th Street $ 59
10,900
$ 53,591
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
Bryant Park & Avenue of America $ 99
7,400
$ 61,050
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 66
5,500
$ 30,479
W 38th St & Avenue of the Americas $ 57
3,500
$ 16,625
Broadway & West 41st Street $ 66
6,800
$ 37,683
Broadway & West 36th Street $ 66
4,600
$ 25,491
2 & West 31st Street $ 142
5,300
$ 62,495
Fifth Ave & West 38th Street $ 62
3,800
$ 19,633
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
W 34th St & Between 7th Avenue $ 70
4,700
$ 27,416
Address $ / SF SF Monthly Rent
Broadway & West 37th Street $ 66
2,300
$ 12,745
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Address $ / SF SF Monthly Rent
W 39th St & Eighth Avenue $ 40
7,700
$ 25,666
W 33rd St & Fifth Avenue $ 40
7,100
$ 23,962
Eighth Ave & W 35th Street $ 40
8,000
$ 26,666
Tenth Ave & West 37th Street $ 50
7,900
$ 32,587
Broadway & West 38th Street $ 54
9,500
$ 42,750
Seventh Ave & West 37th Street $ 56
10,300
$ 48,066
7th Ave & Between 7th Avenue $ 56
7,800
$ 36,075
Eighth Ave & Between 8th Avenue $ 40
7,900
$ 26,333
W 36th St & Avenue of the Americas $ 44
10,000
$ 36,666
Broadway & West 39th Street $ 46
8,100
$ 30,712
Seventh Ave & Sixtenth Street $ 46
10,000
$ 38,750
Address $ / SF SF Monthly Rent
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
W 39th St & Ninth Avenue $ 39
3,500
$ 11,375
W 38th St & Between West 37th Street $ 40
2,600
$ 8,558
W 39th St & Eighth Avenue $ 40
2,700
$ 9,112
Fifth Ave & West 35th Street $ 50
3,700
$ 15,416
W 35th St & Eight Avenue $ 40
4,900
$ 16,333
Address $ / SF SF Monthly Rent
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
W 38th St & Between West 37th Street $ 35
2,200
$ 6,416
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
W 40th St & Eighth Avenue $ 46
1,900
$ 7,362
Broadway & West 38th Street $ 51
1,900
$ 8,075
7th Ave & Between 7th Avenue $ 56
1,600
$ 7,466
Avenue of the Americas & West 39th Street $ 61
2,300
$ 11,691
Avenue of the Americas & West 31st Street $ 78
2,400
$ 15,600
Eighth Ave & West 37th Street $ 37
1,700
$ 5,241
W 40th St & Avenue of America $ 73
1,600
$ 9,733
Broadway & West 32nd Street $ 44
1,700
$ 6,233
Fifth Ave & West 34th Street $ 49
1,800
$ 7,350
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 40
8,800
$ 29,700
W 39th St & Eighth Avenue $ 36
9,200
$ 27,600
Eighth Ave & West 36th Street $ 42
16,000
$ 56,000
Eighth Ave & West 39th Street $ 40
11,400
$ 38,475
W 35th St & Seventh Avenue $ 32
8,500
$ 22,666
Address $ / SF SF Monthly Rent
W 39th St & Seventh Avenue $ 36
4,700
$ 13,904
W 35th St & Eighth Avenue $ 34
3,300
$ 9,487
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 38th St & Between West 37th Street $ 40
2,700
$ 9,000
Eighth Ave & West 36th Street $ 42
5,800
$ 20,058
W 32nd St & Ninth Avenue $ 50
2,800
$ 11,666
W 37th St & Eight Avenue $ 32
5,400
$ 14,625
W 35th St & Seventh Avenue $ 38
4,400
$ 13,750
W 38th St & Eighth Avenue $ 39
3,500
$ 11,375
W 35th St & Between West 35th Street $ 36
5,600
$ 16,566
Address $ / SF SF Monthly Rent
W 35th St & Seventh Avenue $ 34
2,300
$ 6,612
W 39th St & Eighth Avenue $ 38
1,600
$ 5,133
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 32nd St & Ninth Avenue $ 49
1,800
$ 7,350
W 35th St & Between West 35th Street $ 36
2,100
$ 6,212
W 37th St & Ninth Avenue $ 37
1,900
$ 5,920
W 37th St & Eight Avenue $ 35
2,400
$ 7,000
Tenant Broker’s Perspective: office buildings being demolished or converted to residential are driving up rental prices at 505 Eighth Avenue. This trend is projected to continue. Opportunities for subleases remain available at 505 Eighth Avenue and in the nearby Penn Plaza/Garment neighborhood.
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505 Eighth Avenue Property Overview

Building Address: 505 Eighth Ave, New York NY 10018
Building Alternate Address: 505 8th Ave
Zip Code:10018
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:25
Year Built:1926
Building Class:B
Block & lot:00759-0037

505 Eighth Avenue, Manhattan, NYC

Originally known as the Hoover Building, 505 Eighth Avenue was constructed in 1926 by architect Chester James Storm. However, some sources list the completion year as 1929 or 1930. The 25-story building features a mix of architectural styles, with a base clad in grey stone and upper levels in tan brick, accompanied by ornate terra cotta details on the second through fourth floors.

The building is situated on the northwest corner of Eighth Avenue and 35th Street, just one block away from Penn Station, a major transportation hub. This prime location offers easy access to various subway lines, NJ Transit trains, LIRR, and Amtrak services.

Historically, the site was once home to the Sagamore Hotel, which suffered a catastrophic collapse in 1904. In the 20th century, 505 Eighth Avenue housed diverse tenants, including fashion and media companies, which contributed to its reputation as part of the "style capital of the world."

The building underwent restroom renovations in 2015. Today, it is known for its modernized lobby with 24/7 security and keycard access, making it a secure and convenient space for its occupants.

505 Eighth Avenue

Located at the corner of West 35th Street and 8th Avenue in Manhattan, New York City, 505 Eighth Avenue was originally known as the Hoover Building.

Built in 1926 by architect Chester James Storm, this 25-story office building encompasses 292,000 square feet, including one below-grade floor.

The building features a modernized lobby that is attended 24/7, offering keycard access for convenient and secure entry at all hours.

Restroom renovations were completed in 2015.

Construction consists of steel, brick, and mortar. Typical floor size is approximately 12,400 to 12,500 rentable square feet, with an average slab-to-slab ceiling height of 11 feet and column spacing of 10 feet.

Elevator service includes 5 passenger and 3 freight elevators. HVAC systems are tenant-controlled packaged air-cooled units with perimeter steam and pipe heating. Electrical capacity is rated at 6 watts per rentable square foot.

Windows are double-insulated and operable. The building is fully sprinklered and equipped with a Class E fire alarm system and defibrillator for life safety.

Security access includes a 24/7 attended lobby, key card control, and closed-circuit cameras.

Transportation

505 Eighth Avenue is situated one block from Penn Station, a major transit hub providing access to subway lines A, C, E, 1, 2, and 3, as well as NJ Transit, Long Island Rail Road (LIRR), and Amtrak regional trains.

Additional nearby subway lines include B, D, F, M, N, Q, R, and W within a few blocks, facilitating easy commute options.

Neighborhood Amenities

The area offers numerous amenities such as Macy’s, Madison Square Garden, Bryant Park, Times Square, AMC Loews Theater, Whole Foods Market, US Post Office, The New Yorker Hotel, DoubleTree Hotel, Starbucks, and various eateries and lounges.


Amenities at 505 Eighth Avenue, Manhattan, NYC

  • Modernized lobby attended 24/7
  • Keycard access for secure, convenient entry
  • 24/7 building access with security guard presence
  • Five passenger elevators and three freight elevators
  • Tenant-controlled packaged air-cooled HVAC units with perimeter steam and pipe heating
  • Double-insulated, operable windows
  • Class E fire alarm system with command station and defibrillator
  • Fully sprinklered building for fire safety
  • Closed-circuit security cameras throughout
  • Electrical capacity of 6 watts per rentable square foot
  • Restrooms renovated in 2015
  • Building size: 292,000 square feet over 25 stories plus 1 below-grade floor
  • Floor loads rated at 120 lbs. per square foot
  • Average slab-to-slab ceiling heights of 11 feet
  • Column spacing of 10 feet
  • Freight entrance located on West 35th Street for deliveries
  • Telecom providers include Verizon and Spectrum with fiber internet options available
  • Cleaning services provided for common areas Monday through Friday
  • Prime location one block from Penn Station with access to multiple subway lines and regional trains

Office Tenants at 505 Eighth Ave, Manhattan, NYC

505 Eighth Avenue, originally known as the Hoover Building, is a 25-story, 292,000 square-foot office building located at the corner of West 35th Street and 8th Avenue in Manhattan's Garment District. The building features a modernized lobby with 24/7 attendance and keycard access, and is situated one block from Penn Station, offering convenient access to multiple subway lines and regional trains.

Notable Tenants

  • Ettinger Engineering Associates – An engineering consulting firm occupying 7,600 square feet on the 24th floor, recently renewing their lease for five more years after originally moving in 1989.
  • Upwardly Global – A nonprofit organization linking refugees with jobs, occupying 3,675 square feet on the 17th floor, having relocated within the building to accommodate growth, with a lease renewed for seven years.
  • WhyHunger – A nonprofit addressing food scarcity, moving from the 21st floor to a newly configured 2,700 square-foot space on the 12th floor, continuing their long tenure of over 30 years in the building.

The building is home to a diverse mix of tenants including nonprofit organizations, engineering firms, media, creative agencies, law firms, and tech companies. GFP Real Estate, the building's management, maintains strong, long-term relationships with tenants, providing stability and support even through challenging periods such as the pandemic.

Asking rents start in the high $30s to low $40s per square foot, reflecting the building’s prime location and amenities.


Internet Providers at 505 Eighth Ave

Provider Technology Max Download Max Upload
Verizon New York Fiber 1 Gb/s 25 Mb/s
Lightower Fiber 10 Gb/s 10 Gb/s
Level 3 Communications Fiber 10 Gb/s 10 Gb/s
tw telecom Fiber 10 Gb/s 10 Gb/s
Pilot Fiber Fiber 10 Gb/s 10 Gb/s

505 Eighth Avenue is located in the heart of Manhattan, at the northwest corner of West 35th Street and 8th Avenue, within the vibrant Garment District neighborhood. This location offers excellent public transportation access, making it a Rider's Paradise.

Nearest Subway Stations: - 34 St - Penn Station (A, C, E lines) - 5-minute walk - 34 St - Herald Square (B, D, F, M, N, Q, R, W lines) - 5-minute walk

Bus Stops: - 8 Av/W 34 St (1-minute walk) - W 34 St/8 Av (2-minute walk) - W 34th St & 8th Ave (Westbound) (2-minute walk)

Trains: - Nearby access to Amtrak, NJ Transit, and Long Island Rail Road (LIRR) at Penn Station.


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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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