| Building Address: | 609 Fifth Ave, New York NY 10017 |
| Building Name: | DZ Bank Building |
| Building Alternate Address: | 609 5th Ave |
| Zip Code: | 10017 |
| Neighborhood: | Plaza District |
| Borough: | Manhattan |
| Stories: | 0 |
| Year Built: | 1925 |
| Building Class: | B |
| Block & lot: | 01284-7501 |
609 Fifth Avenue, known as the DZ Bank Building, is a historic commercial building located in the heart of Manhattan’s Midtown retail district at the corner of Fifth Avenue and 49th Street. Constructed in 1925, it stands 14 stories tall and encompasses approximately 152,530 square feet of space. The building has served various commercial purposes over its long history, reflecting the evolving character of Midtown Manhattan.
In recent years, the property underwent significant repositioning efforts that included improvements such as a new core and elevators, as well as relocating the office lobby from Fifth Avenue to 49th Street to better accommodate modern office and retail needs. This repositioning increased its appeal and value in the competitive Manhattan commercial real estate market.
Previously owned by Jeff Sutton’s Wharton Properties until 2003, the building was later acquired by SL Green Realty Corp., Manhattan’s largest office landlord. SL Green strategically divided the building into two condominiums: an office condominium and a retail condominium. The retail portion was sold in May 2020 to an affiliate of the Reuben Brothers for $168 million. The office condominium was subsequently sold in 2022 for approximately $100.5 million to a domestic investor, reflecting the strong demand and premium valuation for well-located assets in Midtown East.
The building has hosted tenants such as WeWork, which leased the entire 139,000-square-foot office space in 2018 but terminated the lease early due to the pandemic. SL Green secured a settlement for the lease termination in 2021. Despite such changes, 609 Fifth Avenue remains a key commercial landmark, embodying nearly a century of New York City’s architectural and commercial history.
609 Fifth Avenue, Manhattan, NYC
609 Fifth Avenue is a notable office condominium building located in Midtown Manhattan, New York City, with the ZIP code 10017.
The building was originally constructed in 1925 and is planned for conversion to condominiums by 2026. It stands 30 stories high and encompasses a total of 76 apartments post-conversion.
The property offers approximately 139,000 square feet of office space as an office condo, with additional air rights available. The lot size is about 12,832 square feet.
Key features of the building include:
- 12 stories high as an office condo (historically)
- Approximately 152,530 square feet of living area planned
- Pet-friendly environment
- Amenities such as a doorman, rooftop terrace, bike room, and resident storage
609 Fifth Avenue is conveniently located close to major subway lines including the M, B, D, F, and E trains, situating it well within the Midtown East neighborhood.
609 Fifth Avenue is a historic 12-story building in Midtown Manhattan, featuring 76 condominium apartments.
Amenities include:
- Doorman service
- Rooftop terrace with city views
- Bike storage facilities
- Resident storage spaces
- Pet friendly environment
609 Fifth Avenue, Manhattan, NYC
Office Tenants (Current/Past)
- Vince
- Rhône Group
- Property Group Partners
- Verdantix
Key Transaction
SL Green sold office condo component (132,542 sq ft) for $100.5M (2023)
Internet Providers at 609 Fifth Avenue, Manhattan, NYC
Several high-speed internet providers serve the 609 Fifth Avenue building in Manhattan, offering various connection types and competitive plans:
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Verizon Fios: Fiber-optic internet with speeds up to 2.3 Gbps. Known for high speeds and reliable service, with plans starting around $49.99/month. Verizon Fios offers bundled options including TV, phone, and mobile services.
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Spectrum: Cable and fiber internet with speeds up to 1 Gbps. Spectrum provides widespread coverage in Manhattan with plans starting at approximately $30/month. Bundles with TV and phone services and perks like Disney+ are available.
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Astound Broadband (formerly RCN): Cable and fiber services with speeds up to 1.5 Gbps. Known for competitive pricing and unlimited data usage, with plans starting near $35/month.
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Optimum: Cable and fiber internet with speeds up to 8 Gbps in some areas. Plans start around $40/month.
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Xfinity: Cable internet with speeds up to 2 Gbps. Availability is more limited but offers plans starting around $30/month.
Additional options such as satellite internet (HughesNet, Viasat) and wireless solutions (Starlink, 5G home internet from Verizon and T-Mobile) are also accessible, although less common for a high-rise building like 609 Fifth Avenue.
609 Fifth Ave, Manhattan, NYC, is strategically located for convenient transportation. The building is near the 5 Av/53 St subway station, which is a one-minute walk away. Other nearby stations include 47-50 Sts-Rockefeller Center (7-minute walk) and 5 Av/59 St (8-minute walk). Bus routes BM2, BXM8, M103, M5, and M7 also serve this area.
The cross streets for 609 Fifth Ave are West 45th Street and West 46th Street, though the building address does not directly align with these streets; it's situated closer to 45th Street. However, the actual cross streets based on its location are between West 45th and West 46th Streets, with the building's frontage along Fifth Avenue.
Key transportation options include:
- Subway lines: E, M, B, D, F
- Bus routes: BM2, BXM8, M103, M5, M7
