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425 Fifth

Garment District, New York, NY
Floors
56
Total Size
18,878 sqft
Lot Size
0 acres
Year Constructed
2003
Year Renovated
0
Building Class
Number of Buildings
1

Features

Lobby Attendant
Close To Public Transit

About 425 Fifth

Located within walking distance of Bryant Park and Grand Central Station, the elegant condominium building at 425 5th Avenue in New York provides tenants hoping to rent office space with great turnkey solutions in Midtown South.

Situated on the northeast corner of 38th Street and 5th Avenue, this property boasts a stylish lobby and 24-hour doorman. 425 5th Avenue in New York provides turnkey solutions with natural light, concrete floors, high exposed ceilings, open areas and two or four windowed private offices. Office suites come with sub-metered electricity and pantries.

The building comprises of 67 floors and 178 units. Built in 2003, the property at 425 5th Avenue in New York boasts building amenities such as an elevator, indoor swimming pool, children's playroom, a roof deck, outdoor patio and storage facilities for tenants.

This neighborhood is simply brimming with fine dining restaurants, great bars, high-end shops and boutiques. The upper floors of this property afford tenants stunning views of nearby Empire State Building and New York's skyline.

Greeting visitors with a beige facade and attractive storefronts at street level, 425 5th Avenue in New York makes a highly professional first impression.

Internet Providers for 425 Fifth

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Cablevision/Lightpath 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
3,300
sqft

Median Rate over Time in Garment District