Commercial Office Lease – 505 Park Avenue, New York, NY 10022

Asking Rent: $20,000/Month
Available Space: 2,102 SF
Location: Midtown East – Park Avenue & East 59th Street (10022)
Availability: Immediate

Property Overview

505 Park Avenue presents a boutique Class A office opportunity in one of Midtown’s most prominent business corridors. With 2,102 SF available, the space is ideal for small to mid-sized firms seeking a prestigious Park Avenue address without the footprint of a full-floor lease.

The property offers efficient layouts, modern finishes, and excellent natural light, catering to tenants in finance, legal, creative services, or executive use.

Key Features

• Size: 2,102 SF
• Asking Rent: $20,000 per month
• Annualized Rent: $240,000
• Effective Rent per SF: ~$114/SF annually
• Building Class: Class A Boutique Tower
• Prestige Factor: Prime Park Avenue corporate branding

Market Profile

• Target Tenants: Boutique investment firms, family offices, law practices, creative agencies, luxury-focused businesses
• Neighborhood Demand: Park Avenue addresses remain in high demand, with a premium placed on smaller, flexible spaces for firms prioritizing location over size
• Competitive Advantage: Rare sub-5,000 SF availability in a trophy Park Avenue location

Financial Highlights

• Asking Rent: $20,000/Month
• Space: 2,102 SF
• Annual Rent: $240,000
• Effective Rent per SF: ~$114/SF
• Lease Term: Negotiable; potential tenant improvement allowances

Location Advantages

• Transit: Excellent access to 59th Street/Lexington Ave (N/Q/R/4/5/6) and Grand Central Terminal
• Neighborhood: Surrounded by luxury retail, corporate headquarters, and fine dining
• Branding Value: 505 Park Avenue positions smaller firms alongside Fortune 500 neighbors

Summary

The 2,102 SF lease at 505 Park Avenue offers a rare boutique opportunity in one of Midtown’s most sought-after office towers. At $20,000/month (~$114/SF), the space delivers premium branding and location advantages for firms seeking to elevate their corporate presence on Park Avenue.