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485 5th Ave

Midtown East, New York, NY

About 485 5th Ave

Situated on one of the most prestigious streets in New York City, 485 5th Avenue offers tenants looking to rent office space a desirable location and an amazing city view. This 14-floor building was constructed in 1914.

This 190,357 sq. ft. building has 23 rental units, with some offering an entire floor of space. There are numerous bus stops and metro stations close by, so commuting to work will be very convenient.

Being at a busy intersection, right across the street from the New York Public Library, and Grand Central Station, tenants at 485 5th will have endless choices for restaurants when lunch breaks roll around.

This New York rental has another perk other high-rise office buildings may not: a green sanctuary, the Bryant Park. The park is only a few feet away, and it will be a great lunch break alternative for those looking to exercise or to simply get a breath of fresh air.

Though this brick building was constructed in the early twentieth century, 485 5th Ave was later renovated in 2006. The striking exterior along with the prominent New York address make this an excellent office rental space.

Internet Providers for 485 5th Ave

Provider Technology Max Download Speed Max Upload Speed
Lightower Fiber
10 Gb/s
10 Gb/s
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: Midtown East

Most listings are in the $80's per square foot per year. The Midtown East region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,380
sqft

Median Rate over Time in Midtown East