Commercial Investment Property for Lease – 401 Fifth Avenue, New York, NY 10016
Asking Rent: $210,000 / Month
Price per Sq. Ft.: ~$150 / SF (Annualized)
Space Available: 16,755 Sq. Ft.
Lease Type: Commercial / Flagship Retail or Office
Location: Midtown Manhattan – Fifth Avenue / NoMad Corridor
Availability: Immediate
Property Overview
401 Fifth Avenue presents a 16,755 sq. ft. flagship commercial leasing opportunity on one of Manhattan’s most iconic retail corridors. Positioned between Midtown, Herald Square, and NoMad, the property offers high-visibility frontage on Fifth Avenue, heavy tourist and commuter traffic, and proximity to top global retailers and luxury hotels.
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With multiple floors available, expansive ceiling heights, and flexible configurations, the space is ideal for flagship retail, luxury fashion, dining concepts, or institutional office/showroom tenants.
Key Features
- Total Space: 16,755 sq. ft.
- Asking Rent: $210,000 / month (approx. $2.52M annually)
- Price per SF: ~$150 (annualized)
- Frontage: Fifth Avenue exposure with premium signage potential
- Use Flexibility: Retail flagship, luxury dining, showroom, or creative office
- Condition: Available immediately for build-out
Market Profile
- Tenant Opportunities: High-end retailers, fashion houses, tech/lifestyle flagships, or institutional tenants
- Demand Profile: Fifth Avenue remains one of NYC’s strongest retail corridors, attracting global brands and consistent luxury shopper traffic
- Comparable Rents: Retail on Fifth Avenue generally ranges from $140–$250/SF annually depending on frontage and build-out quality
Financial Highlights
- Monthly Rent: $210,000
- Annualized Rent: $2,520,000
- Price per SF: ~$150 (annualized)
- Lease Terms: Negotiable (long-term flagship lease preferred)
- Upside Potential: Prestigious Fifth Avenue address, large contiguous floor plate, strong global retail demand, long-term value stability
Location Advantages
- Neighborhood: Midtown Manhattan – Fifth Avenue / NoMad
- Transit: Walking distance to Penn Station, Herald Square (B/D/F/M/N/Q/R/W/1/2/3/6 trains), and Grand Central Terminal
- Surroundings: Surrounded by top global retailers, Empire State Building, Bryant Park, and luxury hotels
- Foot Traffic: Extremely high, driven by commuters, international tourists, and local professionals
Summary
The 16,755 sq. ft. commercial space at 401 Fifth Avenue offers a premier flagship leasing opportunity in Midtown Manhattan. At $210,000/month (~$150/SF annualized), it delivers scale, prestige, and unmatched visibility on one of the world’s most recognized shopping avenues. With heavy tourist and commuter traffic, proximity to global brands, and high-income demographics, the property is ideally positioned for long-term anchor tenants.
