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580 5th Ave

Midtown East, New York, NY
Floors
34
Total Size
400,000 sqft
Lot Size
1 acres
Year Constructed
1929
Year Renovated
0
Number of Buildings
1

Features

Key Card Access
Freight Elevator
Close To Public Transit

About 580 5th Ave

Located at the corner of 47th Street and 5th Avenue, the World Diamond Tower at 580 5th Avenue serves as the emblem for New York's Diamond District and has been the home of famous jewelry, gemstone and diamond enterprises since 1951. Professional companies looking to rent office space in truly prestigious surroundings will wish to see this property without delay.

Ideal for hedge funds and investment groups, attorneys, money managers, brokers and other professional service providers, 580 5th Avenue in New York boasts office space with stunning panoramic views.

Commuters working at 580 5th Avenue have easy access to New York's subway lines, for trains 7, 7/X, B, D, E, F and M are accessible within a short walk. Boasting a spectacular new lobby with 3 new high speed elevators, the building's amenities also include 24/7 security with an on-site security guard.

Convenient for both the Rockefeller Center and Grand Central, the property features a total of 100,000 square feet of rentable space.

The lovely sandstone colored facade of 580 5th Avenue in New York boasts rich stonework and stucco decorations which outline corners and window arches, entrance and storefronts. Elegant blue awnings have been affixed above all storefronts.

Internet Providers for 580 5th Ave

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
Stealth Communications Fiber
10 Gb/s
10 Gb/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 submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 7% decline in rent.

Compared to the rest of the New York City market, the Midtown East submarket has greater 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
3,330
sqft

Median Rate over Time in Midtown East