For Lease – 498 Seventh Avenue, New York, NY 10018

Asking Rent: $40,000/Month
Available Unit Size: 12,612 SF Office
Property Type: Commercial Office – Full Floor Opportunity
Lease Type: Direct Lease
Location: Penn Plaza / Garment District, Midtown Manhattan, New York

Property Overview

Introducing 498 Seventh Avenue, a spacious 12,612 SF office suite available for lease at $40,000 per month. Located in the heart of Midtown’s Penn Plaza/Garment District corridor, this property provides a rare large-block availability ideal for corporate headquarters, creative firms, showrooms, or tech tenants.

With efficient floor plates, high ceilings, and natural light, the space offers maximum flexibility for open layouts, private offices, and meeting areas. The building is professionally managed and surrounded by world-class transportation, dining, and business services, making it a prime choice for tenants seeking scale in Midtown Manhattan.

Key Features

• Asking Rent: $40,000/Month
• Available Space: 12,612 SF Office (Full Floor Opportunity)
• Property Type: Commercial Office
• Lease Structure: Direct Lease
• Ceiling Height: Loft-style ceilings with strong natural light
• Transit Access: Steps from Penn Station (1/2/3/A/C/E/LIRR/Amtrak/NJ Transit) and Herald Square (B/D/F/M/N/Q/R/W)
• Neighborhood: Penn Plaza / Garment District – dense office hub with retail, dining, and hospitality options

Market Profile

Location Advantage: Positioned on Seventh Avenue near Penn Station, the property provides direct access to New York City’s busiest transit hub, ensuring convenience for both employees and clients.

Lifestyle Appeal: The area features a growing mix of modern office tenants, creative firms, and global brands, surrounded by restaurants, hotels, and shopping. Madison Square Garden and Herald Square are within walking distance.

Competitive Advantage: At $40,000/month for 12,612 SF, this space delivers excellent value for large tenants seeking a central Midtown Manhattan presence with unmatched commuter access.

Summary

The 12,612 SF office space at 498 Seventh Avenue, New York, NY 10018 is available for lease at $40,000/month. With full-floor layouts, flexible build-out potential, and a prime Penn Plaza location, the property is an ideal choice for companies seeking scale, visibility, and convenience in Midtown Manhattan.