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509 5th Ave

Midtown, New York, NY
Floors
12
Total Size
39,990 sqft
Lot Size
0 acres
Year Constructed
1917
Year Renovated
0
Number of Buildings
1

About 509 5th Ave

Rising 12 stories above the street line, this commercial building includes many square feet of rentable office space on the upper stories and plenty of retail space on the ground floor. The property is set at 509 5th Avenue in Midtown Manhattan, New York.

Floor-to-ceiling windows give the storefront on the ground level lots of natural light, and double glass doors lead into the space. Tenants have the option to hang signage above the unit and in the windows for maximum exposure to the many passersby each day.

To the side of the retail unit is the main entrance of 509 5th Avenue. Each floor contains approximately 5,350 square feet of usable floor space that is easy to customize. The spaces have ceilings that soar to over 11 feet, and the floor plates are virtually column-free.

Grand Central Station and Bryant Park are located nearby, and because of the building's location on iconic Fifth Avenue, there are a high number of retail establishments surrounding the property. All of the major public transportation hubs are set just minutes from the building.

Polished stone tiles cover the exterior of the lower 2 stories of 509 5th Avenue, while the upper stories include smaller light-colored bricks and tiles. There are carved details between many of the floors, as well as a chunky cornice.

Internet Providers for 509 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
Cogent Communications Fiber
10 Gb/s
10 Gb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
6 Mb/s
1.5 Mb/s

The Market: New York City

On average, listings lease in the $60's per square foot per year. The New York City region is experiencing a a rise in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 1% increase in rent.

Median Rate Median Size
$66
/sqft/yr
3,372
sqft

Median Rate over Time in New York City