|Address:||520 8th Avenue||Class:||B|
|Cross Streets:||West 36th and West 37th Street||Size:||860,000 SF|
|Year built:||1926||Architect:||Schwartz & Gross|
The office tower rising at 520 Eighth Avenue in Midtown Manhattan was initially completed in 1926. It was designed by architects Schwartz & Gross, and it comprised three separate buildings occupying the entire eastern portion of Eighth Avenue, from 36th to 37th streets. The tower’s proximity to Penn Station makes it an excellent option for businesses of all sizes, and the competitive rents are highly appealing to startups or mid-sized companies.
860 KSF of Class B Penn Station Office Space
The Eighth Avenue office tower consists of more than 860,000 square feet of Class B Penn Station office space across 26 stories. 520 Eighth Avenue provides tenants modern amenities like an expansive renovated lobby, state-of-the-art elevators, efficient floor plates, abundant natural light, and an on-site building management team. The office tower at 520 8th Avenue is owned and managed by GFP Real Estate.
Getting to and from 520 Eighth Avenue
520 Eighth Avenue is located in the historic Garment District, close to a plethora of dining, retail, and public transport options. Those working within the building have access to popular spots like Gregory’s Coffee or The Houndstooth Pub, located at the base of the tower. The property is also just a few blocks from Penn Station and the Port Authority, connecting tenants to the A, C, E, 1, 2, and 3 trains, as well as Amtrak, LIRR and NJ Transit lines.
Who is renting office space at 520 Eighth Avenue?
The office tower at 520 Eighth Avenue is home to various tenants in industries like real estate, healthcare, law, financial services, and the arts. Notable tenants occupying space in the building include Allstate, Capstone Realty Advisors, Newmark Knight Frank, ASPCA, Ripley-Grier Studios, and the Theatre Development Fund.
How much is the rent price for office space at 520 Eighth Avenue?
Class B office properties like 520 Eighth Avenue tend to command significantly more affordable rents than their Class A counterparts. Office asking rents at the Midtown Manhattan tower start around $50 per square foot, which is well below Class A rents commanded in this submarket, which often surpass $100 per square foot.