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261 Fifth Avenue Office Rental Guide

261 Fifth Avenue Office Rental Guide

261 Fifth Avenue 261 Fifth Avenue is an iconic Art Deco office tower that is well suited to New York City businesses requiring these features:

 NOMAD location 

♦ Handsome New York City landmark built in 1928 and modernized for today’s creative firms 261 Fifth Avenue

♦ Bright offices with large windows and views

 

261 Fifth Avenue Location

The building is located at the south east corner of Fifth Avenue and 29th Street. Subway stations for the 1, N, R and 6 are within a two block radius.  Both  Grand Central Station and Penn Station are about a 15 minute walk away,

 

Office Building & Design

261 Fifth Avenue261 Fifth Avenue has an impeccably restored Art Deco lobby. Full floors in the base of the building are 19,389 square feet and taper to 13,504 square feet at the top. With three exposures there is a high window to floor area ratio. As a result, both office intensive and open landscape designs are bright, attractive and efficient. 

261 Fifth Avenue offers both turn-key fully constructed office suites 261 Fifth Avenue that are ready for immediate occupancy and vacant spaces that it will build-to-suit for financially qualified Tenants. As a rule of thumb, when an office is custom-built, a 7- 10 year lease term is required. Recently built suites feature high open ceilings, polished concrete floors, glass fronted offices and conference room, and contemporary pantries. Sample offices are shown below:

 

261 Fifth Avenue

1,351 RSF Proposed

261 Fifth Avenue

1,520 RSF Pre-built

261 Fifth Avenue

2,458 RSF Proposed

261 Fifth Avenue

4,031 RSF Proposed

261 Fifth Avenue

7,596 RSF Pre-built

261 Fifth Avenue

13,504 RSF Raw Space

 

Office Pricing at 261 Fifth Avenue

In 2018 the asking rent for office space range from $60.00 to $78.00 per rentable square foot (PSF) depending on the location in the building. Cogent Realty has a track record negotiating lower rent and other leasing incentives like free rent for its clients. Call us for details, 212-509-4049.

A quick reference guide for pricing is found below.

Base Floor $60 Middle Floor $65 High Floor $70
1,500 RSF  $7,500 month $8,125 month $8,750 month
4,500 RSF $22,500 month $24,375 month $26,250 month
7,500 RSF $37,500 month $40,625 month $43,750 month

Note: Additional office overhead costs include electricity, annual rent increases and real estate tax increases.

 

Your Corporate HQ at 261 Fifth Avenue  

261 Fifth AvenueFor many years 261 Fifth Avenue was occupied by home furnishing showrooms. Since 2012 the building has attracted mostly technology, advertising, media and internet firms.

  • ♦ Class B, constructed in 1928 and restored in 2017
  • ♦ 24-hour, 7- day access. Uniformed lobby concierge
  • ♦ 403,296 SF total building area. Concreted and steel construction. 26 stories tall and rising 320 feet.
  • ♦ 6 passenger and four freight elevators.
  • ♦ Central heating and Tenant controlled air conditioning units.
  • ♦ 10 foot ceiling heights and operable windows.
  • ♦ Sprinkler system, emergency lighting and power.
  • ♦ Telecom providers including Lightower, Level 3, Cogent, Verizon, Time Warner Cable and Megapath
  • ♦ New York, NY 10016.
The Surrounding Neighborhood

261 Fifth Avenue 261 Fifth Avenue is three blocks north of Madison Square Park. A large number of restaurants and lounges are found in immediate area. For a listing of some of the best, link HERE. Link to hotel information HERE.

 

About Cogent Realty Advisors

Cogent Realty Advisors is an independent and licensed NO FEE Realtor with over 15 years of experience representing businesses that lease NYC office space. Our goal is to help you find the right office at the right price. For information, phone Mitchell Waldman at (212) 509-4049.

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