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Rent/Lease Office 721-723 7th Ave

$ / SF SF Monthly Rent
$ 48
4,700
$ 18,604
$ / SF SF Monthly Rent
Negotiable
3,800
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF SF Monthly Rent
W 46th St & Avenue of the Americas $ 60
25,300
$ 126,500
Fifth Ave & West 44th Street $ 77
7,800
$ 50,050
Times Sq & West 41st Street $ 72
9,200
$ 54,816
Address $ / SF SF Monthly Rent
Avenue of the Americas & West 46th Street $ 40
4,200
$ 14,175
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
W 45th St & Avenue of the Americas $ 45
3,100
$ 11,625
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
Address $ / SF 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 SF Monthly Rent
Fifth Ave & West 44th Street $ 75
15,100
$ 94,375
Fifth Ave & West 42nd Street $ 125
8,800
$ 91,666
Avenue of the Americas & West 46th Street $ 71
27,500
$ 162,708
Avenue of the Americas & West 43rd Street $ 96
11,500
$ 91,520
Address $ / SF SF Monthly Rent
Avenue of the Americas & West 43rd Street $ 90
4,700
$ 35,250
W 45th St & Seventh Avenue $ 73
3,100
$ 18,858
Broadway & Eighth Avenue $ 64
4,600
$ 24,533
W 47th St & Avenue of the Americas $ 70
4,500
$ 26,250
Address $ / SF SF Monthly Rent
Avenue of the Americas & West 43rd Street $ 90
2,200
$ 16,500
Avenue of the Americas & West 43rd Street $ 85
1,500
$ 10,625
Address $ / SF SF Monthly Rent
7th Ave & West 40th Street $ 36
9,500
$ 28,500
Address $ / SF SF Monthly Rent
Broadway & Seventh Avenue $ 43
2,500
$ 8,958
W 44th St & Thirty Fifth Avenue $ 48
4,500
$ 18,000
W 41st St & Seventh Avenue $ 50
2,900
$ 12,083
W 45th St & Sixth Avenue $ 38
4,400
$ 13,750
Broadway & Eighth Avenue $ 64
4,500
$ 24,000
W 44th St & Avenue of the Americas $ 45
4,400
$ 16,500
7th Ave & West 40th Street $ 42
2,500
$ 8,854
W 45th St & Avenue of the Americas $ 45
3,800
$ 14,250
Address $ / SF SF Monthly Rent
Broadway & Seventh Avenue $ 41
1,800
$ 6,150
W 44th St & Thirty Fifth Avenue $ 48
2,000
$ 8,000
Times Sq & Seventh Avenue $ 58
1,900
$ 9,183
W 45th St & Sixth Avenue $ 42
2,400
$ 8,400
Broadway & Eighth Avenue $ 64
2,200
$ 11,733
7th Ave & West 40th Street $ 38
2,200
$ 6,875
Address $ / SF SF Monthly Rent
Address $ / SF SF Monthly Rent
W 45th St & Eleventh Avenue $ 32
3,000
$ 8,000
W 46th St & Between 7th Avenue $ 34
2,800
$ 7,933
Address $ / SF SF Monthly Rent

Retail Spaces for Rent at 721-723 7th Ave

Rent Retail 721-723 7th Ave

$ / SF SF Monthly Rent
$ 47
3,300
$ 12,925

Rent Medical Space at 721-723 7th Ave

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 721-723 7th Avenue. This trend is projected to continue. Opportunities for subleases remain available at 721-723 7th Avenue and in the nearby Times Square neighborhood.
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721-723 7th Avenue nyc
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721-723 7th Avenue Property Overview

Building Address: 721-723 7th Ave, New York NY 10019
Building Alternate Address: 721-723 Seventh Ave
Zip Code:10019
Neighborhood:Times Square
Borough:Manhattan
Stories:13
Year Built:1920
Building Class:B
Block & lot:01001-0001

The buildings at 721 and 723 Seventh Avenue are situated in the vibrant Times Square neighborhood of Manhattan, NYC. Both structures offer unparalleled accessibility and visibility, contributing to their historic significance.

721 Seventh Avenue was completed in 1920. It is a 13-story building that has been a part of the city's architectural landscape for over a century.

723 Seventh Avenue, designed by F.H. Dewey & Company, was finished in 1921. Initially known for housing Robertson-Cole, a film distributing company, the building became synonymous with the film industry. It shared space with Powers Film Products and was later named the Powers Building. This structure is clad in brown brick and features a distinct architectural design with its facade facing Times Square.

Both buildings have played significant roles in New York City's commercial and cultural history, with their prime location in Times Square making them iconic landmarks.

721-723 7th Avenue, Manhattan, New York City

Alternate Address: 721-723 Seventh Avenue

Neighborhood: Times Square, Theatre District

Borough: Manhattan

Zip Code: 10019

Building Class: B

Stories: 13

Year Built: 1920

Total Building Size: 47,125 square feet

Lot Size: 3,355 square feet

Block & Lot: 01001-0001

The building offers office and retail spaces with flexible floor plans and various sizes ranging from approximately 3,300 to 7,139 square feet.

Located in the heart of Times Square, it provides excellent access to multiple subway lines and bus routes, with a very high transit and walk score (99/100).

Internet Providers & Speeds

  • Verizon New York: Fiber, up to 1 Gb/s download, 25 Mb/s upload
  • Lightower: Fiber, up to 10 Gb/s both download and upload
  • Level 3 Communications: Fiber, up to 10 Gb/s both download and upload
  • Cogent Communications: Fiber, up to 10 Gb/s both download and upload
  • tw telecom: Fiber, up to 10 Gb/s both download and upload

Amenities & Features

  • 24/7 building access
  • Freight and passenger elevators
  • High ceilings and abundant natural light through large windows
  • Advanced security systems
  • Proximity to major transportation hubs including 48th Street subway stations
  • Nearby entertainment, dining, and shopping options in Times Square

Public Transportation & Access

  • Subway Lines: A, C, N, R, B, D, E, F, M, 1, 2
  • Close to Grand Central Terminal and Penn Station (about 5-minute drive)
  • Bus lines serving the area

Building Amenities at 721-723 7th Ave, Manhattan, NYC:

Highlights of this premier office building include:

  • Stylish Conference Rooms
  • Well-Equipped Fitness Centers
  • On-Site Dining Options
  • Parking Facilities

Additional amenities:

  • High-Speed Internet
  • Advanced Security Systems
  • 24/7 Access
  • Freight Elevator
  • Proximity to Major Transportation Hubs and Entertainment Venues

Office Tenants Rented / Leased at 721-723 7th Avenue, Manhattan, NYC

4th Floor

  • Space: 3,800 SF
  • Lease Rate: $47 / SF / Year
  • Term: Flexible
  • Use: Traditional Office, Executive Office, Coworking, Creative Office, Medical Office
  • Condition: Lots of light, tall ceilings
  • Availability: Currently leased

7th Floor

  • Space: 3,800 SF
  • Lease Rate: $47 / SF / Year
  • Term: Flexible
  • Use: Traditional Office, Executive Office, Coworking, Creative Office, Medical Office
  • Condition: Lots of light, tall ceilings
  • Availability: Currently leased

3rd Floor, Suite 400

  • Space: 3,839 SF
  • Term: 1-10 Years
  • Lease Rate: Upon Request
  • Use: Office/Retail
  • Condition: Shell space, full floor
  • Availability: Available now, landlord can build to suit

8th Floor, Suite 801

  • Space: 3,300 SF
  • Term: 1-10 Years
  • Lease Rate: $47 / SF / Year
  • Use: Office/Retail
  • Condition: Full build-out, former physical therapy/wellness studio with 8 rooms
  • Availability: Available now

Internet ProviderTechnologyMax Download SpeedMax Upload Speed
Verizon New YorkFiber1 Gb/s25 Mb/s
LightowerFiber10 Gb/s10 Gb/s
Level 3 CommunicationsFiber10 Gb/s10 Gb/s
Cogent CommunicationsFiber10 Gb/s10 Gb/s
tw telecomFiber10 Gb/s10 Gb/s

Transportation Near 721-723 7th Ave, Manhattan, NYC

721-723 7th Avenue is located in the Times Square area of Manhattan, offering excellent transportation access.

Subway Stations

  • 7th Ave & 49th St station – served by N and R subway lines, approximately 1 minute walk (0.1 mi)
  • 47-50 Streets-Rockefeller Center station – served by B, D, F, M lines, about 2 minutes walk (0.2 mi)
  • 50 Street station – served by 1 and 2 lines, roughly 3 minutes walk (0.2 mi)
  • 7 Avenue station – served by B, D, E lines, around 5 minutes walk (0.3 mi)
  • 50 Street station – served by A, C, E lines, approximately 5 minutes walk (0.3 mi)

Bus Lines

The location is served by multiple bus routes including 160, 34TH ST, BXM4, M34-SBS, and M55, with stops within a few minutes’ walk:

  • W 32 St/7 Av (1 min walk)
  • 6 Av/W 31 St (2 min walk)
  • 7 Av/W 34 St (2 min walk)
  • W 34 St/7 Av (3 min walk)
  • W 34th St & Broadway (Westbound) (5 min walk)
  • W 34th St & 7th Ave (6 min walk)

Commuter Rail Access

  • Grand Central Terminal – Metro-North commuter rail, 5 min drive (0.8 mi)
  • New York Penn Station – NJ Transit and Amtrak, 5 min drive (0.9 mi)

Airport Accessibility

  • La Guardia Airport: approximately 17 minutes drive (9.7 mi)
  • Newark Liberty International Airport: approximately 23 minutes drive (14.8 mi)
  • John F. Kennedy International Airport: approximately 28 minutes drive (17.6 mi)

Cross Streets

The building is situated on 7th Avenue between West 48th Street and West 49th Street in the heart of Midtown Manhattan’s Times Square district.


RZO Advisory Group Testimonial

RZO Advisory Group testimonial
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Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
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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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