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Rent/Lease 545 First Ave

$ / SF SF Monthly Rent

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
E 34th St & Fifth Avenue $ 29
21,800
$ 52,683
Address $ / SF SF Monthly Rent
E 37th St & Fifth Avenue $ 43
5,100
$ 18,275
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 39
5,900
$ 19,175
Address $ / SF SF Monthly Rent
Type of Space Class A/month Class B/month Class C/month
Windowed office/person $ 2100 $ 1300 $ 1284
Interior office/person $ 1350 $ 800 $ 1034
Team Rooms $ 10100 $ 8050 $ 5534
Suites $ 20100 $ 12050 $ 7534

Nearby office Spaces for Rent

Address $ / SF SF Monthly Rent
Lexington Ave & East 31st Street $ 59
11,800
$ 58,016
Address $ / SF SF Monthly Rent
Park Ave S & East 31st Street $ 64
3,000
$ 16,000
Fifth Ave & East 36th Street $ 34
4,400
$ 12,466
Park Ave & East 34th Street $ 76
4,000
$ 25,500
Address $ / SF SF Monthly Rent
Fifth Ave & East 36th Street $ 51
2,400
$ 10,200
Address $ / SF SF Monthly Rent
Madison Ave & East 33rd Street $ 60
8,400
$ 42,350
Madison Ave & East 37th Street $ 49
7,400
$ 30,216
E 38th St & Fifth Avenue $ 36
7,400
$ 22,200
Lexington Ave & East 33rd Street $ 47
8,300
$ 32,508
Fifth Ave & East 32nd Street $ 51
8,000
$ 34,000
Fifth Ave & East 36th Street $ 42
7,800
$ 27,300
Madison Ave & East 31st Street $ 54
15,000
$ 68,125
Park Ave S & East 31st Street $ 50
7,600
$ 31,983
Address $ / SF SF Monthly Rent
Madison Ave & East 33rd Street $ 77
4,600
$ 29,516
Madison Ave & East 37th Street $ 55
5,000
$ 22,916
E 38th St & Fifth Avenue $ 36
5,200
$ 15,600
Madison Ave & East 34th Street $ 56
4,200
$ 19,425
Madison Ave & East 31st Street $ 61
5,000
$ 25,416
Madison Ave & East 35th Street $ 41
2,600
$ 8,883
Fifth Ave & East 32nd Street $ 59
4,000
$ 19,666
Lexington Ave & East 33rd Street $ 46
3,100
$ 11,883
Address $ / SF SF Monthly Rent
Madison Ave & East 33rd Street $ 78
2,200
$ 14,300
Madison Ave & East 37th Street $ 55
2,400
$ 11,000
Madison Ave & East 35th Street $ 42
1,800
$ 6,225
Fifth Ave & East 36th Street $ 38
1,800
$ 5,700
Address $ / SF SF Monthly Rent
E 31st St & Madison Avenue $ 45
7,300
$ 27,375
E 33rd St & Madison Avenue $ 47
8,200
$ 32,116
Address $ / SF SF Monthly Rent
E 38th St & Fifth Avenue $ 36
5,400
$ 15,975
E 33rd St & Fifth Avenue $ 56
3,000
$ 14,125
E 31st St & Madison Avenue $ 43
4,400
$ 15,766
Fifth Ave & East 36th Street $ 40
2,800
$ 9,333
E 32nd St & Between East 32nd Street $ 49
5,500
$ 22,458
E 33rd St & Madison Avenue $ 48
4,100
$ 16,400
Address $ / SF SF Monthly Rent
E 31st St & Madison Avenue $ 47
2,000
$ 7,833

Retail Spaces for Rent at 545 First Ave

Rent Medical Space at 545 First Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 545 First Ave. This trend is projected to continue. Opportunities for subleases remain available at 545 First Ave and in the nearby Murray Hill neighborhood.
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545 First Ave Property Overview

Building Address: 545 First Ave, New York NY 10016
Zip Code:10016
Neighborhood:Murray Hill
Borough:Manhattan
Stories:10
Year Built:1986
Building Class:C

History of 545 First Avenue, Manhattan, NYC

545 First Avenue is a building located in the Kips Bay neighborhood of Manhattan, New York City. It was constructed in 1986 and stands 10 stories tall. The building represents a modern development compared to the surrounding historic tenement structures in the area.

The location of 545 First Avenue is in proximity to the historic First Avenue Estates, a notable early 20th-century housing complex built between 1898 and 1915 by the City and Suburban Homes Company. Designed by architect James E. Ware & Sons, the First Avenue Estate was a pioneering model for workers' housing in New York City, featuring light-court tenements with interior courtyards, wide stairwells, and large windows that provided ample light and ventilation. These design features greatly improved living conditions compared to previous cramped and unsanitary tenement buildings.

The First Avenue Estate played a significant role in the social history of the Yorkville area, serving a diverse immigrant population from countries including Serbia, Switzerland, Czechoslovakia, Ireland, Finland, Italy, Austria, and Yugoslavia. This made the neighborhood a vibrant melting pot and provided many immigrants with dignified living conditions as they forged new lives in America.

While 545 First Avenue itself is a relatively recent building from the 1980s, its location is part of a broader historical urban fabric tied to the evolution of housing and community development in Manhattan’s East Side.

545 First Avenue, Manhattan, NYC

Location Details:

  • Neighborhood: Kips Bay
  • Zip Code: 10016
  • Borough: Manhattan
  • Block & Lot: 00936-0037
  • Lot Size: 28,449 sqft
  • Lot Dimensions: 225.67 ft x 126 ft

Property Information:

  • Year Built: 1986
  • Building Type: Dormitory (H8)
  • Stories: 10
  • Construction Type: Fireproof
  • Building Size: 215,584 sqft
  • Number of Units: 1

545 First Avenue, Manhattan, NYC offers the following building amenities:

  • Building Laundry Room
  • Fitness Center
  • Granite Countertops
  • Hardwood Floors
  • Parking Garage
  • Pet Friendly
  • Private Balconies
  • Resident Lounge
  • Stainless Steel Appliances
  • Walk-in Closets
  • Washer/Dryer In Unit
  • Controlled Access
  • Package Receiving
  • Basic Cable Included
  • Sewage Included
  • Water Included
  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Refrigerator
  • Stove & Oven
  • Courtyard
  • Bike Storage
  • Additional Storage Available

545 First Avenue, Manhattan, NYC, is primarily known as Greenberg Hall, a facility used by NYU Langone Health. It offers residential housing rather than typical office space. The building includes amenities such as 24-hour lobby staffing and a laundry room but does not accommodate office tenants in the traditional sense.


Internet Providers Available at 545 First Ave, Manhattan, NYC

Verizon Fios

Verizon Fios offers fiber-optic internet with speeds from 300 Mbps up to 2 Gbps. Plans start at $49.99 per month. Known for high speeds, reliable service, and bundles including phone, mobile, and TV options starting around $34.99.

Astound Broadband Powered by RCN

Astound Broadband provides cable and fiber internet services, known for competitive pricing and unlimited data usage on all plans. Fiber coverage has expanded across Manhattan, with plans starting around $20–$55 per month.

Spectrum

Spectrum offers cable internet with speeds up to 1 Gbps. Pricing starts at approximately $30 per month, with no data caps and options for bundling TV and phone services. It is widely available throughout Manhattan.

Optimum

Optimum provides cable and fiber internet options in Manhattan, with speeds ranging broadly (up to 8,000 Mbps depending on location). Prices generally start around $40 per month, with no data caps or contracts.

Xfinity

Xfinity cable internet is available with plans starting near $30 per month, offering reliable coverage in parts of Manhattan.

T-Mobile Home Internet

T-Mobile offers fixed wireless 5G home internet, with typical download speeds ranging from 87 Mbps to 415 Mbps. Pricing generally starts around $50 per month, with no data caps.

HughesNet

HughesNet satellite internet service is also an option, offering reliable connectivity with plans starting at $49.99 per month and 100% availability in the area.

Starlink

Starlink satellite internet provides high-speed internet with monthly prices around $50, available fully in Manhattan.


545 First Avenue, located in the Kips Bay neighborhood of Manhattan, New York City, offers excellent transportation options. The area is recognized as a Walker's Paradise with a Walk Score of 100, meaning daily errands do not require a car. Nearby public transportation includes:

  • Rail Lines:
    • 4 Lexington Avenue Express: 0.5 miles away
    • 6 Lexington Avenue Local: 0.5 miles away
    • 7 Flushing Local and 7X Flushing Express: 0.6 miles away
    • 5 Lexington Avenue Express: 0.7 miles away
  • Bus Lines:
    • M15 East Harlem - South Ferry
    • M34-SBS East Side - Javits Center
    • M34A-SBS Waterside - Port Authority Terminal
    • M9 Battery Park City - Kips Bay

The cross streets for 545 First Avenue are East 30th Street to the north and East 29th Street to the south. The area is close to several parks, including Saint Vartan Park and Vincent F Albano Jr Playground.


Finnerty Economic Consulting, LLC. Testimonial

Finnerty Economic Consulting, LLC. testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
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Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."

Why Optimal Spaces –
Tenant Broker

  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
Why Use a Tenant Broker: Your Advocate in Commercial Real Estate
1. The Crucial Distinction: Whose Side Are They On?
Landlord Rep (Listing Agent) — Fiduciary Duty: Landlord. Highest rent, best terms for landlord.
Tenant Rep (Tenant Broker) — Fiduciary Duty: Tenant Only. Lowest rent, best terms for tenant. Levels the playing field.
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
Landlord pays the broker fee — free expert representation for the tenant.
Access to hidden inventory: off-market listings, subleases, and future availabilities via broker databases and networks.
Negotiating beyond base rent: free rent, TI allowance, OPEX caps, and lease flexibility for renewal or expansion.
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)
Tenant broker handles searching, scheduling, and RFPs — your outsourced real estate department with curated options and timeline management.
Mitigating risk: spotting pitfalls in LOI and lease such as restoration clauses and holdover penalties.
Summary: Don’t rely on the landlord’s agent. A tenant broker is your advocate, provides better data, negotiates a complete package, and typically costs you nothing.
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