Commercial Office Lease – 499 Park Avenue, New York, NY 10022
Asking Rent: $80,000/Month
Available Space: 11,293 SF
Location: Midtown East – Park Avenue & 59th Street (10022)
Availability: Immediate
Property Overview
499 Park Avenue delivers 11,293 SF of premium Class A office space in one of Midtown’s most architecturally distinctive high-rise towers. Designed by I.M. Pei & Partners, the building stands as a prestige corporate address, ideally positioned at the intersection of Park Avenue and 59th Street.
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The available space offers floor-to-ceiling glass, efficient column-free layouts, and sweeping Park Avenue views, suitable for finance, law, private equity, consulting, or luxury headquarters operations.
Key Features
- Size: 11,293 SF
- Asking Rent: $80,000 per month
- Annualized Rent: $960,000
- Effective Rent per SF: ~$85/SF annually
- Building Class: Class A Trophy Tower
- Design: Modern glass façade, full-service lobby, high-speed elevators
- Prestige Factor: Landmark Park Avenue corporate destination
Market Profile
- Target Tenants: Global corporations, investment banks, law firms, private equity, and elite professional services
- Neighborhood Demand: Park Avenue north of 57th Street remains a premier financial and corporate corridor
- Competitive Advantage: Trophy-level Park Avenue address with large floor plate at ~$85/SF—competitive against newer Hudson Yards and Plaza District towers
Financial Highlights
- Asking Rent: $80,000/Month
- Space: 11,293 SF
- Annual Rent: $960,000
- Effective Rent per SF: ~$85/SF
- Lease Term: Negotiable; generous tenant improvement packages possible
Location Advantages
- Transit: Steps to 59th Street/Lexington Ave (N/Q/R/4/5/6) and near Grand Central Terminal
- Neighborhood: Surrounded by luxury retail (Madison & Fifth Avenue), fine dining, Central Park, and Fortune 500 neighbors
- Branding Value: 499 Park is a recognized trophy address, enhancing global tenant credibility
Summary
The 11,293 SF lease opportunity at 499 Park Avenue is a rare offering in a prestige Midtown East tower, combining size, presence, and efficient layouts with the strength of a Park Avenue corporate address. At $80,000/month (~$85/SF), it delivers strong value for firms requiring top-tier branding, views, and location.
