Commercial Investment Property for Lease – 401 Fifth Avenue, New York, NY 10016

Asking Rent: $210,000 / Month
Price per Sq. Ft.: ~$150 / SF (Annualized)
Space Available: 16,755 Sq. Ft.
Lease Type: Commercial / Flagship Retail or Office
Location: Midtown Manhattan – Fifth Avenue / NoMad Corridor
Availability: Immediate

Property Overview

401 Fifth Avenue presents a 16,755 sq. ft. flagship commercial leasing opportunity on one of Manhattan’s most iconic retail corridors. Positioned between Midtown, Herald Square, and NoMad, the property offers high-visibility frontage on Fifth Avenue, heavy tourist and commuter traffic, and proximity to top global retailers and luxury hotels.

With multiple floors available, expansive ceiling heights, and flexible configurations, the space is ideal for flagship retail, luxury fashion, dining concepts, or institutional office/showroom tenants.

Key Features

• Total Space: 16,755 sq. ft.
• Asking Rent: $210,000 / month (approx. $2.52M annually)
• Price per SF: ~$150 (annualized)
• Frontage: Fifth Avenue exposure with premium signage potential
• Use Flexibility: Retail flagship, luxury dining, showroom, or creative office
• Condition: Available immediately for build-out

Market Profile

• Tenant Opportunities: High-end retailers, fashion houses, tech/lifestyle flagships, or institutional tenants
• Demand Profile: Fifth Avenue remains one of NYC’s strongest retail corridors, attracting global brands and consistent luxury shopper traffic
• Comparable Rents: Retail on Fifth Avenue generally ranges from $140–$250/SF annually depending on frontage and build-out quality

Financial Highlights

• Monthly Rent: $210,000
• Annualized Rent: $2,520,000
• Price per SF: ~$150 (annualized)
• Lease Terms: Negotiable (long-term flagship lease preferred)
• Upside Potential: Prestigious Fifth Avenue address, large contiguous floor plate, strong global retail demand, long-term value stability

Location Advantages

• Neighborhood: Midtown Manhattan – Fifth Avenue / NoMad
• Transit: Walking distance to Penn Station, Herald Square (B/D/F/M/N/Q/R/W/1/2/3/6 trains), and Grand Central Terminal
• Surroundings: Surrounded by top global retailers, Empire State Building, Bryant Park, and luxury hotels
• Foot Traffic: Extremely high, driven by commuters, international tourists, and local professionals

Summary

The 16,755 sq. ft. commercial space at 401 Fifth Avenue offers a premier flagship leasing opportunity in Midtown Manhattan. At $210,000/month (~$150/SF annualized), it delivers scale, prestige, and unmatched visibility on one of the world’s most recognized shopping avenues. With heavy tourist and commuter traffic, proximity to global brands, and high-income demographics, the property is ideally positioned for long-term anchor tenants.