420 Fifth Ave. Fifth Floor Office
- Usage: Office
- Type: Sale
- Floor: 5th Floor
- Size: 18,000 SQFT
- Price: $19,500,000
- Term: Ownership
- Broker: Jonathan Anapol
- Telephone: 212-268-8289
Garment District / Penn Plaza - approximately 18,003 square feet
for Sale $19,500,000 / $925 PSF.
View / Download Floor Plans HERE
A traditionally off-beat but attractive building property located along Fifth Avenue has available commercial condo space for sale today. Contained within a full floor unit the condominium spans 18,003 SF. in size and as such offers windows at three sides of the unit. Delivered vacant the unit will be a raw space in which you can build a vision; the space contains very few support columns and offers a slab to slab height of 12' 10" in total giving you tremendous internal volume. These are load-bearing floors that can support 50 lbs. per SF Live Load; allowing for heavy equipment / infrastructure. The floor is metered directly by Con Edison, which is then serviced by 4 watts or power per SF. of 277/460 and 2 watts of 120/208 volts of power. HVAC in the building consists of a multi-compressor direct expansion variable air volume (VAV) Trane package units located on each floor. These units range from 40 to 80 tons that in turn utilize three 800-ton HAV cooling tower cells located on the building's roof (for condensing medium or free cooling).
The pre-built full-floor spaces enjoyed by other tenants here; all contain full length floor-to-ceiling windows at three sides, this particular feature is enhanced by the implementation of exposed beamed ceilings, with the two elements blending together as the main common aesthetic. This type of layout would feature aluminum framed windows, pendant and recessed lighting, exposed duct-work, the common features herein are industry expected today within any contemporary layout. These basic features give you a starting place in which to create a truly unique office that reflects both your brand and image.
Beyond the basic; you can expect the benefit of contiguous space with expansive views of Midtown South being situated within the only Class A office condominium building on Fifth Avenue. The design found here typifies Fifth Avenue's traditional scale, while expressing a distinctive identity. This location's
This building 's catalog of condo spaces always offer flexible layouts in a vibrant environment; together these elements help to maintain a consistent standard which makes this property an exceptional Class A Office Building. It's the only Class A office condominium building on Fifth Ave, according to the Rudder Property Group. Being situated between 37th and 38th Streets - this office condo puts you near Grand Central Station to the East [Total distance: 1,616.93 ft (492.84 m)] while the new Penn Station Terminal (now known as Moynihan Train Hall) can be found just West [at a Total distance: 3,462.26 ft (1.06 km)]. This location with two major transit hubs within 1 kilometer offers both outstanding mass-transit options whether you use; Metro-North, NJ Rail, and or the NYC Public Subway System which in turn offers best in talent from both a far and locally within the city.
Today this partial floor unit enjoys the benefit of a $3.5million build-out and can be delivered turn-key ready for any new owner that could benefit from the cost and time savings.
Entire 4th Floor: 33,058 RSF / $925 PSF.
Condo Unit Features
• Delivered vacant with a new modern installation
• Highly efficient center-core layout with excellent column-spacing
• 12' 10" slab-to-slab ceiling heights
• Three sides of floor-to-ceiling windows
• Excellent light and air
• 5th Floor delivered in clean "shell" condition
Building Property Highli18,ghts
• Only Class A office condominium on Fifth Avenue
• Delivered Vacant with a New Modern Installation
• Close proximity to Grand Central, Port Authority and Penn Station
• Prestigious owner roster including Luxottica, Helaba Bank, Mediterranean Shipping Company, Girl Scouts of America and The Rockefeller Foundation
• Dramatic contemporary two-story lobby, attended 24/7
• Modern building systems and first-class management
• 200 Linear feet of frontage
• Full block front of 37th and 38th Street
• World class location
• 72,686 SF multi-level
• Flagship urban retail
Nearby Transportation
• B, D, F, M, N, Q, R, W, at 34th St-Herald Square 0.19 miles
• B, D, F, M, 7 at 42nd St-Bryant Park 0.2 miles
• B, D, F, M, 7 at 5th Av 0.21 miles
• S, 4, 5, 6, 7 at Grand Central 0.23 miles
• N, Q, R, S, 1, 2, 3, 7, W at Times Square-42nd St 0.29 miles
Nearby
• CVS Pharmacy 420 Fifth Avenue (Between 37th and 38th Street)
• The First National Bank of Long Island
• CUNY Graduate Center
• Consulate-General of Poland (233 Madison Ave, New York, NY 10016)
• Consulate General of El Salvador
• The Morgan Library & Museum
• Stavros Niarchos Foundation Library (455 5th Ave, New York, NY 10016)|
• New York Public Library - Stephen A. Schwarzman Building (476 5th Ave, New York, NY 10018)
• Empire State Building (20 W 34th St, New York, NY 10001)
Past & Present Tenants
• Fantas-Eyes
• Major League Soccer (Entire 6th & 7th Floors; Headquarters)
• Ziff Brothers Investments (Entire 5th Floor; Headquarters)
• Mediterranean Shipping Company (Enitre 8th Floor; Main Office)
• Mediterranean Shipping Company (Entire 4th Floor; Expansion Space)
• Luxottica Group
• AM Property & Quality Capital
• CrossFit
• Reebok
• NEO U Fitness
• Goldsmith
• The Girlscouts of America
• American Exchange Time
• Marist College (Entire 14th Floor; Executive Center)
• The Turner Broadcasting Company
• The China External Trade Development Council
• The Jianlibao Group Ltd.
• The Containership Agency
• Techint Inc.
The Location
There are just a handful of quality blocks of contiguous space with expansive views of Midtown South and Lower Manhattan remaining in the highly-coveted Bryant Park sub-market,
This truly remarkable leasing opportunity offers a nearly column-free layout with high ceilings, floor-to-ceiling windows and abundant natural light. Full turnkey solutions are available in a range of sizes, with partial floor, single floor and multi-floor combinations for quality tenants
"Tenants who lease are less apt to build out customized spaces when they don't own. The purchase of a full floor at 420 Fifth will allow the company to create a truly unique space that reflects their brand and corporate identity."
About the Building
The property features a highly articulated facade that is formed from Stony Creek granite and reflective glass, accented with bands of burgundy brownstone complementing the surrounding Midtown Manhattan environment. The design typifies Fifth Avenue's traditional scale, while expressing a distinctive identity. 420 Fifth Avenue is centrally located in close proximity to Grand Central Terminal, Port Authority, Penn Station, major bus and subway lines, the New York Public Library and the Empire State Building.