About the Building

The Astor Trust Building | Landmark Office Destination in Midtown Manhattan

Located at the corner of Fifth Avenue and 42nd Street, directly across from the New York Public Library and Bryant Park, 501 Fifth Avenue stands as one of Midtown Manhattan’s most recognizable commercial office towers. Known as The Astor Trust Building, this historic 23-story property delivers a refined blend of classic pre-war architecture and modern professional functionality, making it a sought-after address for boutique financial firms, law practices, and medical professionals alike.

Built in 1916 and comprising approximately 152,000 square feet of office space, the building features gracious ceiling heights, elegant stonework, and oversized windows that frame iconic views of Fifth Avenue and the surrounding cityscape. Suites range from 955 to 21,933 square feet, with floorplates around 6,300 square feet, offering full-floor and partial-floor availability. Several units are move-in ready with full build-outs in place, including corner offices, internal meeting rooms, pantries, and furnished reception areas.

Tenants enjoy a prestigious setting with 24-hour access, on-site property management, and a dedicated lobby attendant. The building is equipped with modern conveniences such as an electronic directory, passenger elevators, and reserved parking. It is steps from Grand Central Terminal and the Times Square–Port Authority transit complex, ensuring exceptional accessibility via subway, Metro-North, and regional bus lines.

Professionals leasing space here benefit not only from the premier location and distinctive ambiance but also from the building’s long-standing reputation for stability and service. Current tenants include notable investment groups, healthcare providers, and high-end beauty service firms.

With its architectural grandeur, unbeatable Fifth Avenue address, and flexible leasing options, 501 Fifth Avenue remains one of the most prestigious and enduring office destinations in New York City’s Midtown corridor.