Property Detail

551 Fifth Ave • Fred F. French Bldg
New York, NY 10176
Submarket:  Grand Central  County:  Manhattan
For more information, contact:
Kevin J. Driscoll (212) 279-7600 x298
P r o p e r t y  D e s c r i p t i o n
Property Type: Office Total Space Available: 91,635 SF
Secondary Type: - Max Contig Space: 24,726 SF
Class: A Annual Rent: $55.00 - $68.00/SF
Building Size: 430,156 SF % Leased: 88.7%
Year Built: 1927 Typical Floor Size: 19,426 SF
Stories: 38 Elevators: 12 with 2ft
Parcel No: 1281-0001
Amenities: 24 Hour Availability, Bus Line, Metro/Subway, On Site Management, Property Manager on Site, Restaurant
P r o p e r t y   H i g h l i g h t s

12/24/02: Sold together with 10 LaSalle Street, in Chicago. See Comps#'s NYC-72440-12-0220. Combining location and beauty with current technology, 551 Fifth Avenue is centrally located at the corner of Fifth Avenue & 45th Street. The base of the building features bronze entrances and storefronts decorated with mythological figures of many cultures; this Middle Eastern motif is echoed in the spectacular and carefully preserved lobby, with its vaulted ceilings and twenty-five bronze doors. 551 Fifth Avenue uses its magnificent architecture to establish a distinctive corporate image. Designated a New York City landmark building in 1986. Restored brick facade. Upgraded mechanicals and elevator systems. Additional entrance on E 45th Street. Major tenants include law firms, publishing companies, investment firms and consultants. This building was awarded an Energy Star label in 2008 for its operating efficiency.

A v a i l a b l e  S p a c e
FloorSpace AvailableOccupancyLease LengthUseAnnual Rent
Floor 2 3,873 SFVacantThru Nov 2027 SubletOfficeNegotiable/Negotiable
Floor 3 20,853 SFVacantThru Nov 2027 SubletOfficeNegotiable/Negotiable
Floor 4 2,383 SFVacantNegotiable ReletOffice$55.00/SF/Plus Electric
Floor 4 10,622 SFVacant1-10 yrs ReletOffice$56.00/SF/Plus Electric
Floor 5 2,519 SFVacantNegotiable ReletOffice$56.00/SF/Plus Electric
Floor 7 2,800 SFVacantNegotiable SubletOffice$53.00 - $57.50/SF/Tenant Electric
Floor 14 5,470 SFVacantNegotiable ReletOffice$62.00/SF/Plus Electric
Floor 14 5,442 SFArrangedNegotiable ReletOffice$60.00/SF/Plus Electric
Floor 16 650 SFArrangedNegotiable SubletOfficeNegotiable/Modified Gross
Floor 20 4,609 SFVacantNegotiable ReletOffice$66.00/SF/Plus Electric
Floor 20 4,222 SFArrangedNegotiable ReletOffice$66.00/SF/Plus Electric
Floor 25 4,890 SFVacantNegotiable ReletOffice$68.00/SF/Plus Electric
Floor 25 2,355 SFVacantNegotiable ReletOffice$68.00/SF/Plus Electric
Floor 26 10,118 SFVacantNegotiable ReletOffice$68.00/SF/Plus Electric
Floor 29 5,184 SFVacantThru Jun 2023 SubletOfficeNegotiable/Negotiable
Floor 32 5,645 SFVacantNegotiable ReletOffice$68.00/SF/Plus Electric
M a j o r  T e n a n t s
Denihan Hospitality Group, LLC9,10Personal Services9%
Kleinberg, Kaplan, Wolff & Cohen, PC17,18Law Firms5%
Pace University Midtown8-5%
F o r   M o r e   I n f o r m a t i o n   C o n t a c t     
Kevin J. Driscoll
Jeffrey Management
7 Penn Plz, Suite 618
New York, NY 10001
(212) 279-7600 x298 (phone)
(212) 563-6657 (fax)

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