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404 5th Ave

Garment District, New York, NY
Floors
8
Total Size
90,047 sqft
Lot Size
0 acres
Year Constructed
1914
Year Renovated
0
LEED Certification
Number of Buildings
1

Features

Freight Elevator
Close To Public Transit

About 404 5th Ave

This New York building is located at 404 5th Avenue. The structure was built in 1914 and is also known as the Stewart and Company Building. Inside it houses 2 floors of commercial space and 6 additional stories of rentable office space.

Set on the corner of prestigious 5th Avenue, this New York office building offers approximately 65 feet of 5th Avenue street frontage. Because of its ideal location, tenants of this building share the area with neighbors such as the Setai Hotel, Au Bon Pain, CitiBank, Capital One and Yankee Clubhouse.

The neighborhood in which 404 5th Avenue is located is home to many of New York's most well-known landmarks. Such local attractions include the Empire State Building, Herald Square, Bryant Park and Grand Central. Its close proximity to these historic sites draws clients to the area.

High, exposed ceilings on the upper floors and 17-foot ceilings on the ground floor maximize the space of this New York building. For tenant convenience, each unit is wired for voice and data. Tenants also have the option to live within the building, as 404 5th Avenue houses offices and luxury residential condos.

Built with a neoclassical and a Chicago School of Architecture design, 404 5th Avenue has many unique characteristics. Large Chicago-style windows cover the building, and blue and white terra cotta on the corners add an unexpected detail.

Internet Providers for 404 5th Ave

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
tw telecom Fiber
10 Gb/s
10 Gb/s
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Garment District

The typical asking rate per listing is in the $50's per square foot per year. The Garment District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the New York City market, the Garment District region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Garment District $59
/sqft/yr
2,500
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,330
sqft

Median Rate over Time in Garment District