• 433 Fifth Avenue - 433 Fifth Avenue, New York, NY 10016

For Lease

Unit 433 FIFTH AVENUE, NEW YORK, NY

Available December 15, 2023
  • Available on
    December 15, 2023
  • Time on Market
    4 months
  • Last updated
    Dec 14, 2023
  • Space ID
    2154626
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Property Details

Beautiful Architecture
Elegant turn-of-the-century design is perfectly suited to trend-setting experiential retailers and innovative boutique firms. . National Anchor
Long term three floor lease with a rapidly growing national brand with a full guarantee from the corporate parent.. Boutique Office Appeal
Prestigious 3,500 sf full-floor boutique office suites with broad industry appeal.. Loss Factor Upside
The Property’s office space is currently under-measured, creating an opportunity to add more than 3,000 RSF – significant revenue growth upon expiration while maintaining attractive per-square-foot rents.. Mark-to-Market Upside
Current office leases are approximately 35% below market, delivering outstanding upside as office leases expire in 2022 and 2025.. Lease-up Opportunity
The Property’s two available suites, encompassing the entire third and fourth floors, create an immediate opportunity to grow cash flow – convenient and prestigious Fifth Avenue full-floor boutique office space that presents an outstanding value proposition.. Fifth Avenue Prestige
Fifth Avenue is the most famous urban boulevard in the world, known for its iconic tourist destinations and unmatched commercial activity – exceptional visibility, convenience and prestige.. Bryant Park
The Property is located just one block from Bryant Park, delivering a host of popular amenities while adding to the exclusivity of the Fifth Avenue location.. Commercial Core
The Property is situated in the midst of the world’s greatest concentrations of major corporations, creating a strong demand base for business services from the tenants at 433 Fifth Avenue.. Lord & Taylor / WeWork Headquarters
The iconic Lord & Taylor building is located directly across Fifth Avenue from the Property – recently purchased by WeWork for $850 million and now undergoing a $438 million office and retail renovation that will bring thousands of new young professionals into the neighborhood. . Outstanding Transportation Access
Five minute walk to Grand Central, with 16 subway lines within easy walking distance – exceptional convenience for both Property tenants and their clients.. Excess Development Rights
As built the property possesses approximately 30,000 square feet of unused development rights that could be sold or utilized in a redevelopment of the property or a larger assemblage.

  • Property Type
    Office
  • Submarket
  • Year Built
    1911
  • Total Building Size
    23,354RSF
  • Total Available
    23,354RSF
  • Last updated
    Dec 15, 2023
  • Property ID
    2231970

Landlord's Leasing Representatives

  • YOAV OELSNER
     
  • GLENN TOLCHIN