Rent Office 511 Fifth Avenue
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 7,300 |
Negotiable |
| Negotiable | 13,400 |
Negotiable |
| Type of Space | Class A/month | Class B/month | Class C/month |
|---|---|---|---|
| Windowed office/person | $ 2100 | $ 1300 | $ 1151 |
| Interior office/person | $ 1350 | $ 800 | $ 901 |
| Team Rooms | $ 10100 | $ 8050 | $ 5401 |
| Suites | $ 20100 | $ 12050 | $ 7401 |
Nearby office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Fifth Avenue | $ 70 | 16,700 |
$ 97,416 |
| Park Ave & East 41st Avenue | $ 175 | 12,200 |
$ 177,916 |
| Third Ave & East 46th Street | $ 80 | 12,100 |
$ 81,170 |
| Fifth Ave & East 40th Street | $ 85 | 11,200 |
$ 79,333 |
| Third Ave & East 40th Street | $ 60 | 27,700 |
$ 138,500 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Fifth Avenue | $ 70 | 6,400 |
$ 37,333 |
| Third Ave & East 46th Street | $ 62 | 4,100 |
$ 21,183 |
| Vanderbilt Ave & East 44th Street | $ 49 | 5,300 |
$ 21,641 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Lexington Ave & East 41st Street | $ 57 | 1,500 |
$ 7,125 |
| E 44th St & East 44th Street | $ 82 | 2,300 |
$ 15,716 |
| E 45th St & Lexington Avenue | $ 75 | 2,400 |
$ 15,000 |
| Lexington Ave & East 42nd Street | $ 61 | 1,500 |
$ 7,625 |
| Third Ave & East 41st Street | $ 55 | 1,700 |
$ 7,791 |
| Park Ave & East 41st Street | $ 85 | 2,300 |
$ 16,291 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 40th Street | $ 65 | 14,600 |
$ 79,083 |
| Vanderbilt Ave & East 44th Street | $ 80 | 10,300 |
$ 69,095 |
| E 42nd St & Park Avenue | $ 67 | 12,200 |
$ 68,116 |
| Fifth Ave & East 45th Street | $ 70 | 10,000 |
$ 58,333 |
| E 42nd St & Lexington Avenue | $ 69 | 10,600 |
$ 60,950 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 41st Avenue | $ 57 | 5,700 |
$ 27,075 |
| Madison Ave & East 40th Street | $ 65 | 8,400 |
$ 45,500 |
| Vanderbilt Ave & East 44th Street | $ 80 | 8,100 |
$ 54,337 |
| Second Ave & East 43rd Street | $ 56 | 4,800 |
$ 22,400 |
| Madison Ave & East 39th Street | $ 51 | 2,700 |
$ 11,475 |
| Lexington Ave & East 41st Street | $ 61 | 3,700 |
$ 18,808 |
| E 42nd St & Park Avenue | $ 66 | 6,700 |
$ 36,850 |
| Fifth Ave & East 42nd Street | $ 58 | 7,400 |
$ 35,766 |
| E 44th St & Third Avenue | $ 48 | 4,500 |
$ 18,000 |
| Madison Ave & East 40th Street | $ 76 | 3,900 |
$ 24,537 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 40th Street | $ 67 | 1,700 |
$ 9,491 |
| Second Ave & East 43rd Street | $ 59 | 2,300 |
$ 11,308 |
| Madison Ave & East 39th Street | $ 52 | 1,900 |
$ 8,233 |
| Fifth Ave & East 42nd Street | $ 60 | 1,600 |
$ 8,000 |
| Madison Ave & East 41st Avenue | $ 55 | 2,000 |
$ 9,166 |
| E 42nd St & Madison Avenue | $ 69 | 2,100 |
$ 12,075 |
| E 42nd St & Lexington Avenue | $ 61 | 2,200 |
$ 11,183 |
| E 44th St & Fifth Avenue | $ 55 | 2,200 |
$ 10,083 |
| Lexington Ave & East 44th Street | $ 55 | 1,500 |
$ 6,875 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 39th Street | $ 52 | 10,000 |
$ 43,333 |
| E 39th St & Fifth Avenue | $ 38 | 10,100 |
$ 31,983 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Fifth Ave & East 39th Street | $ 52 | 7,300 |
$ 31,633 |
| E 39th St & Fifth Avenue | $ 39 | 7,900 |
$ 25,675 |
| E 40th St & Lexington Avenue | $ 50 | 3,000 |
$ 12,375 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| E 40th St & Lexington Avenue | $ 50 | 1,600 |
$ 6,733 |
511 Fifth Avenue stands as a premier opportunity within the Grand Central submarket, seamlessly blending historic architectural prestige with the modern infrastructure required by today’s high-velocity firms. From a brokerage perspective, this landmark asset offers unparalleled brand visibility at the corner of 43rd Street, providing tenants with a sophisticated Manhattan identity and exceptional proximity to major transit hubs. Its status as a boutique-style building with institutional-grade appeal makes it a strategic choice for professional services seeking both long-term value and a command presence in the heart of Midtown’s premier commercial corridor.
Lease 511 Fifth Avenue
Rent 511 Fifth Avenue Property Overview
| Building Address: | 511 Fifth Avenue, New York NY 10017 |
| Building Alternate Address: | 511 5th Ave |
| Zip Code: | 10017 |
| Neighborhood: | Grand Central |
| Borough: | Manhattan |
| Stories: | 0 |
| Year Built: | 1915 |
| Building Class: | C |
511 Fifth Avenue, Manhattan
Located at the southeast corner of Fifth Avenue and East 43rd Street in Midtown Manhattan, 511 Fifth Avenue is a historic 18-story Beaux Arts building. It was originally designed and constructed in 1915 by York & Sawyer for the Postal Life Insurance Company.
Over the years, the building has housed several prominent institutions. It later served as a home for the Columbia Bank and Guaranty Trust Company. In the early 1960s, Israel Discount Bank (IDB) leased it as its New York headquarters, a role it maintained until its departure in 2021.
The building has recently undergone an extensive renovation. Led by Aurora Capital and Jeff Sutton’s Wharton Properties, this redevelopment aims to modernize the property while preserving its historic charm. The renovation includes a top-to-bottom overhaul, highlighted by the addition of an 18th-floor penthouse with double-height ceilings and a mezzanine offering panoramic views, as well as a significant amenity space on the 15th floor.
Historically, the property was part of the estate of Richard T. Wilson, a prominent financier who lived in a mansion on this site. Following his death in 1910, plans were made for its development into a commercial site.
511 Fifth Avenue, Manhattan, NYC, is an historic 18-story Beaux Arts building located near Grand Central Terminal. The property was originally designed by York & Sawyer in 1915 for the Postal Life Insurance Company and later housed several financial institutions, including Israel Discount Bank (IDB) until 2021.
The building has undergone a significant renovation, modernizing its spaces while preserving its historical facade. Key features include a 9,000-square-foot amenity space on the 15th floor, featuring a juice bar, lounge, and fitness center, as well as updated lobbies and five new elevators.
A notable highlight is the 17th and 18th floor penthouse area, offering double-height ceilings and a mezzanine with panoramic views from Central Park to the World Trade Center. The property is owned by Aurora Capital, Wharton Properties, and ACHS Management.
511 Fifth Avenue Amenities
511 Fifth Avenue, a historic Beaux Arts building in Manhattan, NYC, offers several key amenities:
- Five new elevators for improved mobility and access.
- Two new lobbies with soaring ceilings and a fine arts program, enhancing the building's aesthetic appeal.
- 9,000 SF of amenity space on the 15th floor, featuring a glassed-in gym, a small open lounge, and a juice bar.
- Beautifully appointed full-floor prebuilt suites with modern finishes, including industrial touches like cone-shaped metal light fixtures and polished concrete floors.
- A 17th-floor Penthouse with double-height ceilings and an 18th-floor mezzanine offering stunning views of Central Park and the World Trade Center.
511 Fifth Avenue, Manhattan, NYC
Located at the intersection of Fifth Avenue and East 43rd Street in Midtown Manhattan, 511 Fifth Avenue is a 17-story building with a total area of 160,000 square feet.
The building serves as the New York headquarters for Israel Discount Bank.
It features approximately 20,000 square feet of retail space.
Internet at 511 Fifth Avenue
For internet services at 511 Fifth Avenue in Manhattan, NYC, residents can consider the following providers based on general availability in the area:
Verizon Fios: Known for its fiber-optic network, offering speeds from 300 Mbps to 2.3 Gbps, starting at $49.99 per month. Verizon Fios provides reliable and fast internet with the option to bundle services.
Astound Broadband Powered by RCN: Offers both cable and fiber services with speeds up to 1.5 Gbps. Plans start at $35 per month, featuring unlimited data and various bundles.
Spectrum: Provides widespread coverage with speeds up to 1 Gbps. Plans begin at $50 per month, and Spectrum is a good option for bundling internet, TV, and phone services.
511 Fifth Avenue Access
511 Fifth Avenue, Manhattan, NYC
Transportation:
- Subway: 5 Avenue-Bryant Park (7 train), Grand Central-42 St (B, D, F, M trains) - 2-minute walk.
- Bus Lines: Various MTA bus lines nearby, including those serving 5th and 6th Avenues.
- Grand Central Terminal: Accessible via a short walk or through the Vanderbilt entrance.
Cross Streets:
- Located between 42nd Street and 43rd Street.
- group of family trusts leased 160,000 SF
- group of family trusts leased 160,000 SF
- Idb Leasing, Inc leased 0 SF
- Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
- LivingSocial leased 60,405 SF at 101 Fifth Ave
- Yext leased 58,194 SF at 1 Madison Ave
- Duval & Stachenfeld leased 33,000 SF at 101 Park Ave
- Net-a-Porter leased 32,144 SF at 100 Fifth Ave
- Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
- Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
- Digital Color Technologies leased 10,000 SF at 1001 Avenue of the Americas
- Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
Nearby Retail Tenants Leased
- Daffy's leased 18,000 SF at 111 Fifth Ave
- La Mar leased 9,000 SF at 11 Madison Ave
- Burger & Lobster leased 8,900 SF at 1 Bryant Park
- Eddie Bauer leased 7,400 SF at 100 Fifth Ave
- New York Kids Club leased 4,000 SF at 11 Fifth Avenue
- Clean Table leased 2,000 SF at 101 Seventh Avenue
- Sweetgreen leased 2,000 SF at 10 Hudson Yards
- Litter & Leashes leased 1,852 SF at 1100 Second Ave
- Choza Taqueria leased 1,000 SF at 100 Park Ave
- The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
- group of family trusts leased 160,000 SF
- group of family trusts leased 160,000 SF
- Idb Leasing, Inc leased 0 SF
- Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
- LivingSocial leased 60,405 SF at 101 Fifth Ave
- Yext leased 58,194 SF at 1 Madison Ave
- Duval & Stachenfeld leased 33,000 SF at 101 Park Ave
- Net-a-Porter leased 32,144 SF at 100 Fifth Ave
- Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
- Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
- Digital Color Technologies leased 10,000 SF at 1001 Avenue of the Americas
- Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
Nearby Retail Tenants Leased
- Daffy's leased 18,000 SF at 111 Fifth Ave
- La Mar leased 9,000 SF at 11 Madison Ave
- Burger & Lobster leased 8,900 SF at 1 Bryant Park
- Eddie Bauer leased 7,400 SF at 100 Fifth Ave
- New York Kids Club leased 4,000 SF at 11 Fifth Avenue
- Clean Table leased 2,000 SF at 101 Seventh Avenue
- Sweetgreen leased 2,000 SF at 10 Hudson Yards
- Litter & Leashes leased 1,852 SF at 1100 Second Ave
- Choza Taqueria leased 1,000 SF at 100 Park Ave
- The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.