Commercial Lease – 605 Third Avenue, New York, NY 10158
Asking Rent: $120,000/month
Lease Type: Commercial – Office / Showroom Headquarters
Property Type: Class A Office Tower Space
Location: Midtown East / Grand Central Corridor (10158)
Availability: Immediate
Property Overview
605 Third Avenue presents a 19,871 SF full-floor opportunity within a premier Midtown East office tower. With expansive open layouts, high ceilings, and panoramic city views, the space is ideally suited for corporate headquarters, financial firms, law practices, or creative agencies seeking an address steps from Grand Central.
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The property benefits from a prestigious Midtown East location, surrounded by Class A towers, hospitality options, and commuter transit hubs. Tenants enjoy building amenities, modern infrastructure, and the prestige of being in one of Manhattan’s core business corridors.
Key Features
- Total Size: ≈ 19,871 SF (full-floor block)
- Asking Rent: $120,000/month
- Annualized Rent: ≈ $1,440,000
- Effective Rent per SF: ≈ $72/SF annually
- Configuration: Open-plan floorplate with build-out potential for private offices, conference rooms, and collaborative areas
- Frontage/Views: Tower-level views with strong branding potential in a Class A office building
- Potential Uses: Corporate HQ, financial services, legal office, tech/creative firm, or institutional tenant
Lease & Terms
- Base Rent: $120,000/month (~$72/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; financials required (company documentation, proof of funds)
- Tenant Responsibilities: Utilities, RE tax, standard office lease obligations
Market Profile
- Location Advantage: Midtown East business district, minutes from Grand Central Terminal, with direct commuter access across NYC and the tri-state region.
- Transit Access: Steps from Grand Central (4/5/6, 7, S, Metro-North), nearby to E/M trains and multiple bus lines.
- Neighborhood Demand: Consistently strong from financial, legal, and corporate tenants seeking prestigious Midtown towers.
- Competitive Advantage: Large, contiguous floorplate in a Class A building at ~$72/SF, highly competitive for Midtown East.
Summary
The 19,871 SF full-floor office space at 605 Third Avenue, New York, NY 10158 is offered at $120,000/month (~$72/SF annually). Combining scale, Class A tower prestige, and proximity to Grand Central, this property represents a prime Midtown East leasing opportunity for firms seeking a modern and well-located headquarters.
