Office

59 East 54th Street, New York, NY 10022 – Midtown East / Plaza District
Asking Rent: $6,000/month
Space: 1,500 sq ft
Property Type: Office
Rent per Sq Ft: $4.00/month ($48.00/sq ft annualized)

Property Overview

This 1,500-square-foot office space at 59 East 54th Street presents an extraordinary value opportunity in the heart of Midtown East’s prestigious Plaza District. With an asking rent of $6,000 per month, it offers one of the most cost-efficient per-square-foot rates available in this high-rent submarket. This space is ideal for a small but established professional firm, consultancy, non-profit, or specialized service provider that requires a prime, central address for client meetings and talent recruitment, but operates with a lean budget and prioritizes maximizing space over luxury amenities.

Space Highlights

• Functional office space of 1,500 sq ft, providing ample room for a team of 6-12 people in private offices and workstations.
• Exceptionally low price per square foot for a Midtown East location, offering significant savings over typical market rates.
• Likely located in a well-maintained but older commercial building, featuring functional layouts and standard finishes.
• Will require a custom build-out to create private offices, meeting rooms, and reception areas suited to the tenant’s specific professional needs.
• The size allows for a comfortable professional layout, including a conference room, several private offices, and open work areas.

Location & Neighborhood

• Prime Midtown East / Plaza District location on East 54th Street between Madison and Park Avenues.
• Situated in one of Manhattan’s most prestigious business and shopping corridors, steps from Fifth Avenue luxury retail, The Peninsula Hotel, and St. Patrick’s Cathedral.
• Surrounded by major corporate headquarters, luxury boutiques, high-end hotels, and fine dining.
• Unmatched professional prestige and convenience for a remarkably low cost.
• Excellent transit access via the E, M trains at 5th Ave/53rd St and the 4/5/6, 7, S trains at Grand Central-42nd St.
• Walkable to Rockefeller Center, Central Park, and the Theater District.

Summary

Priced at $6,000/month ($4.00/sq ft/month), this 1,500 sq ft office space at 59 East 54th Street is a strategic, high-value anomaly in a premium market. The annualized rent of $48.00 per square foot is drastically below the area average, providing a massive cost advantage. This opportunity is ideal for a cost-conscious but image-aware business—such as a law firm, financial advisor, niche consultancy, or non-profit—that benefits immensely from a prestigious Plaza District address but must carefully manage overhead. It allows a firm to project stability and success to clients while freeing capital for core business investments. It represents a rare chance to secure a long-term, efficient headquarters in one of the world’s most expensive office districts.