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Rent/Lease Office 650 Fifth Ave
Lease Office 650 Fifth Ave
Rent Sublease Office at 650 Fifth Ave
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| Negotiable |
| $ / SF / Yr | SF | Monthly Rent |
|---|---|---|
| $ 78 |
Nearby Sublease office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | $ 111.5 | 25,000 |
$ 232,291 |
| Avenue of the Americas & West 55th Street | $ 64 | 7,300 |
$ 38,933 |
| Madison Ave & East 54th Street | $ 80 | 31,000 |
$ 206,666 |
| Madison Ave & East 60th Street | $ 89 | 9,500 |
$ 70,458 |
| Madison Ave & East 51st Street | $ 75 | 8,100 |
$ 50,625 |
| Avenue Of The Americas & West 47th Street | $ 58 | 10,000 |
$ 48,333 |
| Park Ave & East 57th Street | $ 160 | 10,800 |
$ 144,000 |
| Madison Ave & East 59th Street | $ 99 | 8,300 |
$ 68,475 |
| E 53rd St & Fifth Avenue | $ 79 | 12,200 |
$ 80,316 |
| Fifth Ave & West 52nd Street | $ 130 | 10,300 |
$ 111,583 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Park Ave & East 54th Street | $ 85 | 5,600 |
$ 39,666 |
| Fifth Ave & East 56th Street | $ 85 | 4,400 |
$ 31,166 |
| Lexington Ave & East 50th Street | $ 54 | 4,000 |
$ 18,000 |
| Avenue of the Americas & West 55th Street | $ 62 | 6,200 |
$ 32,033 |
| Madison Ave & East 49th Street | $ 69 | 5,500 |
$ 31,625 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Madison Ave & East 49th Street | $ 76.5 | 2,200 |
$ 14,025 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 60th St & Madison Avenue | $ 65 | 4,200 |
$ 22,750 |
| W 57th St & Avenue of the Americas | Negotiable | 5,100 |
Negotiable |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | Negotiable | 2,300 |
Negotiable |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|
| Type of Space | Class A/month | Class B/month | Class C/month |
|---|---|---|---|
| Windowed office/person | |||
| Interior office/person | |||
| Team Rooms | |||
| Suites |
Nearby office Spaces for Rent
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 57th St & Avenue of the Americas | $ 105 | 15,800 |
$ 138,250 |
| Fifth Ave & East 55th Street | $ 157.5 | 19,300 |
$ 253,312 |
| Park Ave & East 58th Street | $ 125 | 11,300 |
$ 117,708 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Third Ave & East 49th Street | $ 50 | 4,300 |
$ 17,916 |
| Park Ave & East 54th Street | $ 79.5 | 3,500 |
$ 23,187 |
| Park Ave & East 58th Street | $ 125 | 4,000 |
$ 41,666 |
| Third Ave & East 49th Street | $ 73 | 3,800 |
$ 23,116 |
| Madison Ave & East 55th Street | $ 65 | 5,000 |
$ 27,083 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Third Ave & East 49th Street | $ 60 | 2,000 |
$ 10,000 |
| E 52nd St & Lexington Avenue | $ 64 | 2,400 |
$ 12,800 |
| Madison Ave & East 55th Street | $ 76 | 2,300 |
$ 14,566 |
| Madison Ave & East 48th Street | $ 70 | 1,800 |
$ 10,500 |
| Fifth Ave & West 47th Street | $ 73 | 1,900 |
$ 11,558 |
| Avenue of the Americas & West 51st Street | $ 84 | 2,200 |
$ 15,400 |
| Rockefeller Plz & West 50th Street | $ 92 | 1,600 |
$ 12,266 |
| Park Ave & East 56th Street | $ 98 | 1,900 |
$ 15,516 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 48th St & Avenue of the Americas | $ 58 | 12,500 |
$ 60,416 |
| 5th Ave & West 47th Street | $ 63 | 8,000 |
$ 42,000 |
| E 59th St & Madison Avenue | $ 180 | 9,700 |
$ 145,500 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Park Ave & East 59th Street | $ 69.5 | 6,200 |
$ 35,908 |
| Madison Ave & East 49th Street | $ 55.55 | 3,400 |
$ 15,739 |
| E 48th St & Madison Avenue | $ 55 | 4,600 |
$ 21,083 |
| E 52nd St & Fifth Avenue | $ 42.5 | 3,400 |
$ 12,041 |
| W 57th St & Avenue of the Americas | $ 68 | 4,100 |
$ 23,233 |
| E 55th St & Third Avenue | $ 47 | 2,900 |
$ 11,358 |
| E 58th St & Third Avenue | $ 50 | 3,400 |
$ 14,166 |
| E 59th St & Second Avenue | $ 93.3 | 3,200 |
$ 24,880 |
| E 61st St & Second Avenue | $ 61 | 2,500 |
$ 12,708 |
| E 49th St & Between Fifth Avenue | $ 27 | 3,300 |
$ 7,425 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| Lexington Ave & Lexington Avenue | $ 44.5 | 2,500 |
$ 9,270 |
| E 60th St & Madison Avenue | $ 55 | 1,600 |
$ 7,333 |
| Park Ave & East 59th Street | $ 65 | 2,100 |
$ 11,375 |
| E 56th St & Park Avenue | $ 59 | 1,900 |
$ 9,341 |
| E 48th St & Madison Avenue | $ 55 | 2,400 |
$ 11,000 |
| W 57th St & Avenue of the Americas | $ 67 | 1,600 |
$ 8,933 |
| E 60th St & Fifth Avenue | $ 54 | 2,200 |
$ 9,900 |
| E 58th St & Third Avenue | $ 52 | 1,900 |
$ 8,233 |
| Madison Ave & East 49th Street | $ 65 | 2,000 |
$ 10,833 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 47th St & Avenue of the Americas | $ 52.5 | 7,100 |
$ 31,062 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| E 59th St & Madison Avenue | $ 61.5 | 4,000 |
$ 20,500 |
| E 59th St & Between Second Avenue | $ 65.5 | 6,500 |
$ 35,479 |
| Address | $ / SF / Yr | SF | Monthly Rent |
|---|---|---|---|
| W 47th St & Avenue of the Americas | $ 53 | 2,000 |
$ 8,833 |
Retail Spaces for Rent at 650 Fifth Ave
Rent Retail 650 Fifth Ave
Rent Medical Space at 650 Fifth Ave
- Round Hill Music, LP leased 4,271 SF
- TGM Communities LLC leased 5,000 SF
- Systematica Investments leased 3,000 SF
- Teng Yue Partners, Lp leased 4,460 SF
- The Alavi Foundation leased 2,000 SF
- Green Arrow Capital Man… leased 2,000 SF
- Williams & Connolly LLP leased 3,161 SF
- Levine Lee LLP leased 10,304 SF
- Doris Duke Charitable leased 20,293 SF
- 650 Fifth Ave Co leased 2,325 SF
- Nike leased 30,000 SF
- Weill Cornell Medical Colle… leased 169,790 SF at 575 Lexington Ave
- VF Sportswear leased 168,000 SF at 40 West 57th St
- RSM McGladrey leased 164,700 SF at 1185 Sixth Ave
- Capital One leased 164,488 SF at 299 Park Ave
- Mediaedge leased 160,335 SF at 825 Seventh Ave
- group of family trusts leased 160,000 SF at 511 Fifth Avenue
- WeWork leased 159,300 SF at 12 East 49th Street
- Linklaters leased 158,000 SF at 1345 Avenue of the Americas
- Holtzbrinck Publishers leased 157,500 SF at 175 Fifth Ave
- Benjamin N. Cardozo Sch… leased 156,668 SF at 55 Fifth Ave
- STK restaurant leased 12,659 SF at 1114 Sixth Ave
- Tourneau leased 12,050 SF at 601 Madison Avenue
- North Fork Bank leased 12,000 SF at 57 West 57th St
- Duane Reade leased 11,717 SF at 575 Lexington Ave
- Mackage leased 11,555 SF at 404 Fifth Avenue
- Uniqlo leased 11,500 SF at 155 Fifth Ave
- Urbanspace leased 11,400 SF at 570 Lexington Avenue
- Gap leased 11,000 SF at 126 Fifth Ave
- Ann Taylor leased 11,000 SF at 600 Fifth Ave
- Buzzfeed leased 11,000 SF at 110 Fifth Avenue
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Please notify me when a new space is available | ||
Why Optimal Spaces Tenant Broker
- Lease negotiation: full terms, renewals, expansion options
- Cost analysis, inventory identification, negotiating scope
- Risk mitigation against hidden pitfalls
Cost Savings
- Negotiate 30+ leasing points to prevent hidden costs
- Save 10–15% on total leasing costs
- Save 100–200 hours filtering unviable spaces
- Property access via broker databases and networks (off-market, subleases, future availability)
Alone or With Other Brokers
- Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
- Inherent conflict of interest as most brokers represent landlords
- Risk of weaker terms and overlooked hidden costs
- Heavy workload falls on you while best spaces are missed
650 Fifth Avenue Property Overview
| Building Address: | 650 Fifth Ave, New York NY 10019 |
| Building Alternate Address: | 650 5th Ave |
| Zip Code: | 10019 |
| Neighborhood: | Plaza District |
| Borough: | Manhattan |
| Stories: | 36 |
| Year Built: | 1979 |
| Building Class: | A |
| Block & lot: | 01267-0041 |
650 Fifth Avenue, located in Midtown Manhattan, New York City, is a significant office tower with a rich history. The building was completed in 1979 and was designed by John Carl Warnecke & Associates for the Pahlavi Foundation, a nonprofit organization based in Iran.
Originally known as the Piaget Building, it underwent renovations in 2012, which included a redesigned lobby, new outdoor esplanade, new elevators, and new bathrooms. The renovations were handled by architects at Swanke Hayden Connell, with an investment of $11 million by the CBRE Group. An additional $2 million was spent to retrofit the central chilled water plant, enhancing energy efficiency and tenant comfort.
The building is currently owned by the Alavi Foundation, which holds a 60% stake, with the remaining 40% owned by Assa Corp. However, there have been legal disputes regarding its ownership and alleged ties to the Iranian government. The Alavi Foundation was founded by the Shah of Iran to support Iranian-American cultural and educational programs.
650 Fifth Avenue offers approximately 390,000 square feet of Class A office space and over 90,000 square feet of retail space. It stands as a 36-story structure, making it a prominent landmark in the Plaza District of Manhattan.
650 Fifth Avenue, located in Midtown Manhattan, New York City, is a 36-story building that stands at 150 meters (490 feet) tall. It is situated at the intersection of Fifth Avenue and 52nd Street. The building was originally known as the Piaget Building and the Pahlavi Foundation Building. Designed by John Carl Warnecke & Associates, it was completed in 1979 for the Pahlavi Foundation, an organization linked to the Shah of Iran. After the Iranian Revolution, the building's ownership was transferred to the Alavi Foundation. The building offers approximately 390,000 square feet of Class A office space and over 90,000 square feet of retail space. It has undergone significant renovations, including a major upgrade in 2012. The location is highly prestigious, being close to Rockefeller Center and offering easy access to major public transportation hubs like Grand Central Terminal and the Port Authority.
650 Fifth Avenue offers a range of amenities, including:
- Tenant Lounge: A modern space for relaxation and networking.
- Conferencing Facility: State-of-the-art meeting rooms for presentations and discussions.
- Phone Booths: Private areas for making calls.
- Engaging Tenant Events: Regular gatherings to foster community among tenants.
- Building App: A convenient tool for managing building services from your mobile device.
- Micro-Kitchens and Pantry Spaces: Modern facilities for food preparation and socializing.
- 24-Hour Access: Secure entry available at all times.
- 24-Hour Security: Manned security for enhanced safety.
- Sustainability Initiatives: Green practices and eco-friendly operations.
650 Fifth Avenue in Manhattan, NYC, is home to several notable office tenants. These include:
- Delta National Bank
- TGM Associates
- Argo Infrastructure Partners
- Integrated Media
- Citigroup
- Starwood Hotels & Resorts
- Round Hill Music
The building also features a retail space occupied by Nike.
650 Fifth Avenue in Manhattan, NYC, offers access to several top internet providers, ensuring fast and reliable connectivity for its residents and businesses.
Verizon Fios is a leading choice, providing high-speed fiber-optic internet with speeds up to 2 Gbps. It is known for its excellent customer service and competitive pricing, starting at $49.99 per month.
Astound Broadband Powered by RCN offers both cable and fiber services, with plans starting at $20 per month. It provides unlimited data usage and is a cost-effective option for high-speed internet.
Spectrum is another prominent provider, offering cable internet with speeds up to 1 Gbps. Spectrum's plans start at $50 per month and are popular for bundling with TV and phone services.
650 Fifth Avenue in Manhattan, NYC, offers convenient access to various transportation options:
- Subway: Lines B, E, M, 6, and 6X are nearby.
- Bus: Routes BM2, BXM4, M101, M42, M50, and others stop nearby.
- Train: Grand Central Madison is a 6-minute walk away, with access to the Babylon Branch, Harlem, and more.
Cross streets include 51st Street and 52nd Street.
- Round Hill Music, LP leased 4,271 SF
- TGM Communities LLC leased 5,000 SF
- Systematica Investments leased 3,000 SF
- Teng Yue Partners, Lp leased 4,460 SF
- The Alavi Foundation leased 2,000 SF
- Green Arrow Capital Man… leased 2,000 SF
- Williams & Connolly LLP leased 3,161 SF
- Levine Lee LLP leased 10,304 SF
- Doris Duke Charitable leased 20,293 SF
- 650 Fifth Ave Co leased 2,325 SF
- Nike leased 30,000 SF
- Weill Cornell Medical Colle… leased 169,790 SF at 575 Lexington Ave
- VF Sportswear leased 168,000 SF at 40 West 57th St
- RSM McGladrey leased 164,700 SF at 1185 Sixth Ave
- Capital One leased 164,488 SF at 299 Park Ave
- Mediaedge leased 160,335 SF at 825 Seventh Ave
- group of family trusts leased 160,000 SF at 511 Fifth Avenue
- WeWork leased 159,300 SF at 12 East 49th Street
- Linklaters leased 158,000 SF at 1345 Avenue of the Americas
- Holtzbrinck Publishers leased 157,500 SF at 175 Fifth Ave
- Benjamin N. Cardozo Sch… leased 156,668 SF at 55 Fifth Ave
- STK restaurant leased 12,659 SF at 1114 Sixth Ave
- Tourneau leased 12,050 SF at 601 Madison Avenue
- North Fork Bank leased 12,000 SF at 57 West 57th St
- Duane Reade leased 11,717 SF at 575 Lexington Ave
- Mackage leased 11,555 SF at 404 Fifth Avenue
- Uniqlo leased 11,500 SF at 155 Fifth Ave
- Urbanspace leased 11,400 SF at 570 Lexington Avenue
- Gap leased 11,000 SF at 126 Fifth Ave
- Ann Taylor leased 11,000 SF at 600 Fifth Ave
- Buzzfeed leased 11,000 SF at 110 Fifth Avenue
RZO Advisory Group Testimonial
To Whom It May Concern:
Steve Sunderland acted as our real estate broker in relocation of this firm's 12,000 square feet of office space. While that may seem like a relatively easy task, given our requirements, it was anything but.
After giving Mr. Sunderland a prospective location radius of onlny three blocks and a request for 75% of the offices to be windowed, he took us to numerous potential locations. Much to our surprise and delight, no visit was ever a waste of our time. Mr. Sunderland knew what he wanted and needed. He never showed us properties that would not work for the firm.
After several weeks of searching, our situation caused us to put our search on hold. It was a couple of years before we resumed. I'm happy to say that Mr. Sunderland picked up with the same enthusiasm he had previously shown.
Even after we had signed our new lease, Mr. Sunderland stayed in touch with us as well as our landlord to be sure that our work letter was adhered to.
If you are looking for commercial space, I could not give Mr. Sunderland a higher recommendation. He was courteous and always professional throughout a long and sometimes difficult process.
If you wish to contact me, please feel free to call at the number above.
Sincerely,
William Zysblat
Optimal Spaces negotiates tenant deals, typically securing 10-15% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.