Rent/Lease Office 980-990 Avenue of the Americas

History of 980-990 Avenue of the Americas, Manhattan, NYC

The buildings located at 980-990 Avenue of the Americas in Manhattan were constructed in 1986. The property forms part of a mixed-use development prominent in the Midtown Manhattan area, specifically in the Penn Plaza and Garment District neighborhoods.

Originally developed as a mid-rise structure, the site includes a combination of retail, office, and residential spaces. Notably, the building known as The Vogue at 990 6th Avenue comprises 24 stories and features elevator access along with commercial and residential units, reflecting its classification as a fireproof elevator apartment building.

The development was part of a broader wave of construction following the removal of the Sixth Avenue elevated train and the subsequent revitalization of Sixth Avenue, also known as the Avenue of the Americas, which saw significant urban transformation starting in the early 20th century. The neighborhood's evolution included the introduction of high-rise hotels, offices, and apartments, supporting Midtown's growth into a major commercial and residential hub.

Today, 980-990 Avenue of the Americas stands in a highly trafficked area between Herald Square and Bryant Park, a key corridor for pedestrian and vehicle traffic. The property benefits from its strategic location and represents a blend of the district’s historical legacy and its modern commercial vitality. The building is part of a larger complex that includes around 380 residential units and substantial office space, including flexible workspaces such as WeWork, underscoring its role in the contemporary mixed-use landscape of Midtown Manhattan.

Over the decades since its construction, the site has remained a significant commercial asset, reflecting both the history of urban redevelopment on Sixth Avenue and the ongoing demand for versatile office and residential spaces in New York City’s central business district.

980-990 Avenue of the Americas in Manhattan, NYC features a mixed-use development with significant office and retail opportunities.

The property includes 75,000 square feet of office space and offers retail options ranging from 500 to 12,000 square feet. It is part of a building that also includes 380 residential units.

This location is notable for its proximity to major transportation hubs, including the B, D, F, M, N, Q, R, W, and 7 subway lines, making it easily accessible for office tenants and residents alike.

Retail rents in the area typically range between $125 and $300 per square foot, although some deals have been achieved at higher rates.

The building features amenities like a fitness center with Peloton bikes and a co-working lounge, enhancing the work environment for office tenants.

Office space in Manhattan is currently experiencing a dynamic market with notable sales volume increases, although average sale prices have decreased due to various market factors.