Office

500 Fifth Avenue, New York, NY 10110 – Midtown / Fifth Avenue Corridor
Asking Price: $30,000
Size: 5,904 sq ft
Use: Office / Retail / Professional Services
Lease Type: Commercial Lease
Price per Sq Ft: ~$5.08/sq ft/year | ~$0.42/sq ft/month

Property Overview

This 5,904-square-foot commercial space at 500 Fifth Avenue offers a significant and centrally-located footprint on one of the world’s most prestigious and high-traffic avenues. With an asking price of $30,000, this listing represents a strong value for its size and iconic location, providing a cost-effective opportunity to establish a prominent presence in the heart of Midtown Manhattan. The space is versatile and suitable for a wide range of uses, from corporate offices and consulting firms to high-end retail or educational institutions seeking accessibility and visibility.

Space Highlights

• Substantial 5,904 sq ft of versatile commercial space in a landmark Art Deco skyscraper
• Exceptional value price per square foot for a Fifth Avenue address
• Prominent building with a rich history and central positioning opposite the New York Public Library
• Likely features functional layouts with the potential for build-out to suit specific tenant needs
• Suitable for businesses prioritizing landmark location, foot traffic, and transit access over ultra-luxury finishes

Location & Neighborhood

• Iconic address at the northwest corner of Fifth Avenue and 42nd Street
• Directly opposite the New York Public Library and Bryant Park
• In the core of Midtown’s business, tourism, and retail district, steps from Grand Central Terminal
• Surrounded by corporate headquarters, flagship stores, hotels, and major tourist attractions
• Unrivaled transportation hub with access to subway lines (B/D/F/M, 7, 4/5/6, S) at 42nd Street-Bryant Park and Grand Central
• Exceptional daily foot traffic from commuters, office workers, tourists, and students

Summary

Offered at $30,000 (~$5.08/sq ft/year), this 5,904 sq ft commercial space at 500 Fifth Avenue is a high-value proposition for securing a large presence on a globally recognized corridor. The competitive rent makes this an accessible opportunity for established businesses, non-profits, or educational services that require a central, prestigious, and highly accessible location to serve a broad clientele, staff, or student base. This space is for a tenant that needs size, a classic NYC address, and ultimate connectivity more than a modern luxury build-out.