| Building Address: | 697 Fifth Avenue, New York NY 10022 |
| Building Alternate Address: | 697 5th Ave |
| Zip Code: | 10022 |
| Neighborhood: | Plaza District |
| Borough: | Manhattan |
| Stories: | 5 |
| Year Built: | 1925 |
| Building Class: | A |
| Block & lot: | 01290-0072 |
697 Fifth Avenue, Manhattan, NYC is a significant location in the heart of New York City. The building itself is not extensively documented for a specific historical year of construction, but it is linked to the prestigious St. Regis Hotel nearby.
Historically, the site was previously owned by notable figures such as Lily Churchill, Dutchess of Marlborough, until 1891, when she sold it to William Backhouse Astor Jr. John Jacob Astor IV, William Astor's son, later considered developing the site into a residence but decided against it due to the area's commercial growth.
The area became more commercially vibrant by the early 1900s, with the St. Regis Hotel being a prominent addition. In 2014, Vornado Realty Trust and Crown Acquisitions purchased significant retail space nearby, including air rights, reinforcing the area's status as a luxury retail hub.
Today, the location is recognized for its prime frontage and is home to renowned luxury brands like Harry Winston, Breguet, and Blancpain.
697 Fifth Avenue, located in Manhattan, New York City, is a prominent address at the base of the St. Regis Hotel. It features 100 feet of prime frontage on the corner of 55th Street and Fifth Avenue. The property is home to luxury brands such as Harry Winston, Breguet, and Blancpain. It is situated in the heart of the Fifth Avenue retail district, surrounded by notable neighbors like Saks Fifth Avenue, MoMA, Cartier, and Tiffany & Co.
The building itself was built in 1925 and has a total of five stories. It is classified as an office with commercial space, specifically designated for retail use. The property's location provides excellent exposure, with nearby attractions like Rockefeller Center and Bergdorf Goodman. The address is well-served by public transportation, including bus lines and the subway.
The building's historical context is significant, with its architectural style reflecting the Parisian influences common during its construction period. However, there is some discrepancy regarding its exact build year, with one source suggesting it was built in 1904 by Colonel John Jacob Astor IV.
estatus: 697 Fifth Avenue is valued at $151,095,000 according to tax assessments. It had a significant sale in 2014 for $373,486,929, followed by a purchase in 2016 for $20,000,000.
697 Fifth Avenue in Manhattan, NYC, is a prominent building located at the corner of 55th Street and Fifth Avenue. It boasts 100 feet of prime frontage and serves as the base of the St. Regis Hotel. The building is currently home to luxury retailers such as Harry Winston, Breguet, and Blancpain.
Neighborhood Amenities:
- Saks Fifth Avenue
- Museum of Modern Art (MoMA)
- Bergdorf Goodman
- Cartier
- Zara
- Armani Exchange
- Salvatore Ferragamo
- Bulgari
- Rolex
- Ermenegildo Zegna
- Nike
- Dyson
- Microsoft
- Victoria's Secret
- Versace
- Stuart Weitzman
- Coach
- Rockefeller Center
Building Features:
- Prime retail space totaling approximately 25,000 square feet
- Stunning street frontage
- Located in the heart of the Fifth Avenue retail district
697 Fifth Avenue Overview
697 Fifth Avenue is a prominent location at the base of the St. Regis Hotel in Manhattan, NYC, offering 100 feet of prime frontage on Fifth Avenue. This property is known for its luxury tenants, including Harry Winston and Breguet. However, it does not have office tenants as it is primarily used for retail.
Neighborhood Notables
- Saks Fifth Avenue
- MoMA (Museum of Modern Art)
- Bergdorf Goodman
- Cartier
- Zara
- Armani Exchange
- Salvatore Ferragamo
- Bulgari
- Rolex
- Ermenegildo Zegna
- Nike
- Dyson
- Microsoft
- Victoria's Secret
- Versace
- Stuart Weitzman
- Coach
- Rockefeller Center
Property Details
- Address: 697 Fifth Avenue, New York, NY 10022
- Year Built: 1925
- Year Last Altered: 2000
- Number of Stories: 5
Current Tenants
- Harry Winston
- Breguet
- Blancpain (as mentioned in some sources)
Neighboring Luxury Brands
- Prada
- Gucci
- Tiffany & Co.
- Louis Vuitton
Market Context
Vornado Realty Trust, the owner of this joint venture property, reported a default on a $450 million mortgage loan in late 2023 due to a challenging commercial real estate market in New York City. Despite these challenges, the property remains a prime location in the Fifth Avenue retail district.
At 697 Fifth Avenue, Manhattan, NYC, multiple internet providers are available depending on the building's connectivity options. Here are some of the top internet service providers in Manhattan:
- Verizon Fios: Known for its high speeds up to 2 Gbps, starting at $49.99/month. Offers fiber-optic internet with symmetrical speeds.
- Astound Broadband Powered by RCN: Offers both cable and fiber services with plans starting at $35/month and speeds up to 1.5 Gbps.
- Spectrum: Provides cable internet with speeds up to 1 Gbps, starting at $50/month. Also offers bundles with TV and phone services.
Viasat Satellite Internet offers a reliable alternative, especially for remote areas, with download speeds up to 150 Mbps.
697 Fifth Avenue is located at the epicenter of Manhattan's vibrant retail district, situated at the corner of 55th Street and Fifth Avenue in New York City.
Neighborhood Notables: This location is near iconic establishments like Saks Fifth Avenue, MoMA, Bergdorf Goodman, Cartier, Zara, Armani Exchange, Salvatore Ferragamo, Bulgari, Rolex, Ermenegildo Zegna, Nike, Dyson, Microsoft, Victoria's Secret, Versace, Stuart Weitzman, Coach, and Rockefeller Center.
Transportation: The area is highly accessible via public transportation. The closest subway stations are located at 5th Ave & 53rd St (E, M lines) and 59th Street-Columbus Circle (A, B, C, D, 1 trains), both within walking distance.
Public Transit Access: Bus routes available nearby include the M1, M2, M3, and M4 along Madison Avenue, and the M5 along Riverside Drive. The nearest train option is Penn Station or Grand Central Terminal for further commuter rail services.
Nearby Office Tenants Leased- Lenox Hill Hospital leased 70,416 SF at 110 E 59th St
- Adzinia Media Group leased 25,000 SF at 1350 Sixth Ave
- Generation Next Fertility leased 17,897 SF at 115 E 57th St
- Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
- FuboTV leased 10,001 SF at 1330 Avenue of the Americas
- Manhattan Spine leased 5,955 SF at 133 E 58th St
- Central Park Advanced Imaging leased 5,500 SF at 110 E 60th St
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
- Midtown East Medical leased 1,653 SF at 120 E 56th St
- Dr. Demetrios M. Mihalos, D.D.S. leased 500 SF at 115 E 61st St
