|Address:||225 Park Avenue South||Class:||A|
|Cross Streets:||18th & 19th Streets||Size:||506,365 SF|
|Year built:||1910||Architect:||Robert H. Robertson|
The office building rising at 225 Park Avenue South in Midtown South was completed in 1910 with a design by Robert H. Roberston. Located just two blocks from the bustling Union Square, the building was originally developed to house the American Woolen Company. In 2001, following the 9/11 attacks, the Port Authority of New York and New Jersey made 225 Park Avenue South its temporary headquarters. The Port Authority moved to the new 4 World Trade Center in 2015, and 225 Park found new tenants in Facebook and Buzzfeed, among others.
500 KSF of Class A Flatiron Office Space
The 19-story building at 225 Park Avenue South offers 506,365 square feet of Class A Flatiron District office space. Owned by Orda Management, the building underwent a multi-million-dollar capital improvement program after the Port Authority vacated its space. Amenities include high ceilings, large operable windows on every floor, a private sky garden surrounded by a glass atrium, and upgraded lobbies, elevators, HVAC and mechanical systems.
The building offers contiguous Class A spaces from 80,000 up to 480,000 rentable square feet. Moreover, tenants that rent full floors at 225 Park Avenue South have the option of claiming additional space at the adjoining building at 233 Park Avenue South. This can lead to a combined floor size of nearly 40,000 square feet.
Getting to and from 225 Park Avenue South
225 Park Avenue South is conveniently located in the heart of the trendy Flatiron District, close to Union Square, Madison Square and Herald Square. The building’s location also offers tenants easy access to a plethora of public transportation options nearby, including the A, B, C, D, F, L, M, N, R, Q, J, S, L, 1, 2, 3, 4, 5, and 6 subway lines, PATH trains, and ferries.
Who is renting office space at 225 Park Avenue South?
The trendy Flatiron District is the birthplace of Silicon Alley, which is what NYC’s tech scene was called when it first emerged in the early 2000s. Consequently, various tech companies operate office space in the neighborhood, and 225 Park Avenue South is no exception. Tenants in the building include Facebook, Buzzfeed, Believe Media, STV Inc., and Flushing Bank, among others.
How much is the rent price for office space at 225 Park Avenue South?
Office asking rents at 225 Park Avenue South are roughly on par with the average commanded by the neighborhoods in Midtown South, which rests above $80 per square foot in 2019. Areas like Flatiron, Chelsea, SoHo or Tribeca are highly appealing to tech startups and creative office tenants, due to the large concentration of former industrial spaces converted to trendy and flexible loft space.