|Address:||261 Fifth Avenue||Class:||B|
|Cross Streets:||Fifth & Madison Avenues||Size:||427,869 SF|
|Year built:||1928||Architect:||Buchman & Kahn|
The landmark office building located at 261 Fifth Avenue in Midtown South was completed in 1928, boasting a design by Buchman & Khan. The property was recently renovated and is home to high-profile tenants in healthcare, financial services, fashion, media, and communications. Owned by The Feil Organization, 261 Fifth Avenue is an ideal fit for businesses of all sizes and provides modern amenities and access to all Midtown Manhattan offers. This includes public transportation, upscale shopping and dining, world-class hotels, public parks, and entertainment options.
430 KSF of Class B Gramercy Park Office Space
The 26-story office tower at 261 Fifth Avenue offers 427,869 square feet of Class B Gramercy Park office space, as well as premier ground-floor retail space and close to 60,000 square feet of showroom space. The property is owned and managed by The Feil Organization and recently underwent extensive upgrades worth $17.5 million. Amenities at the tower include a new building entrance, an upgraded lobby, new storefronts facing Fifth Avenue and 29th Street, new expansive windows, and modernized elevators. 261 Fifth Avenue also offers concierge service and 24/7 security.
Getting to and from 261 Fifth Avenue
261 Fifth Avenue is conveniently located on one of the most prestigious streets in New York City. The building has easy access to Madison Square Park, Penn Station, Madison Square Garden, and Herald Square. Public transportation options abound via the 28th Street subway station, serving the N, R, W, and 6 lines. LIRR, Amtrak, and New Jersey Path are also easily accessible.
Who is renting office space at 261 Fifth Avenue?
The office tower at 261 Fifth Avenue is ideal for businesses of all sizes due to its flexible floor plates and modern amenities. Its unrivaled location and accessibility add to its desirability, and consequently, various high-profile companies operate in the building. Notable tenants include Tumi, Blackbird, Tech Briefs Media Group, Franco Manufacturing Co., Maytex, Dining Fashions, Cult Health, and Imperium Capital.
How much is the rent price for office space at 261 Fifth Avenue?
Office asking rents at 261 Fifth Avenue start at $55 per square foot but can go as high as $80 when signing a full-service lease. Prices vary depending on the lease terms, and build-outs or rent reductions can be negotiated with the landlord.
Image via Google Street View