498 Seventh Ave – 498 Seventh Avenue, New York, NY, Class A Office Building

498 Seventh Ave – 498 Seventh Avenue, New York, NY, Class A Office Building

498 Seventh Ave – 498 Seventh Avenue, 10018

Cross Streets are: 36th St and 37th St

25 Story Class A Office Building, Multiple Floors Available

498 Seventh Avenue is a striking 25-story property, encompassing 960,000 square feet of prime office and retail space right in the heart of Times Square South. This exceptional location provides a dynamic blend of mixed-use areas, designed to meet the needs of a diverse range of tenants.

Featuring expansive floor plates ranging from 30,200 to 48,000 square feet, the building boasts impressive ceiling heights of 11’7” to 14’4’’ from slab to ceiling.

This airy environment, enhanced by unique outdoor spaces and abundant natural light, creates an ideal setting for businesses in advertising, technology, media, and creative industries—sectors that thrive in the vibrant Times Square South area.

Accessibility is a key advantage of the property, strategically situated between major transit hubs: Penn Station, Grand Central Terminal, Port Authority, and the Herald Square subway station.

Tenants enjoy seamless connections to a variety of subway lines, including the B, D, F, M, N, Q, R, W, A, C, E, and 1, 2, 3, 4, 5, and 6 trains. Additionally, Penn Station offers light rail services through NJ Transit, Long Island Railroad, and Amtrak, facilitating travel to New Jersey, Long Island, and beyond.

Penn Station office space average rent asking price in Class A and B  buildings is: $55-85 per square foot.

.

Property Details

.

• Some space are fully built out with furniture
• Some space just open floors
• Total floors: 25
• Total Building Size: 960,000 SF
• Typical Floor Size: 34,843 SF
• Available space on multiple floors for lease at affordable rates
• Sizes from 6,200 SF – 26,144 SF up to 81,459 SF
• Floors from 12th to 21st
• Year renovated: 2010
• Year Built: 1920

.

Building Amenities

.

• 24 Hour Access
• Bus Line
• Direct Elevator Exposure
• Metro/Subway
• Property Manager on Site
• Reception
• Restaurant

.

Notable tenants at this location

• 1199SEIU-United Health Care Workers East
• Hazen and Sawyer
• Dattner Architects
• Equativ
• Securitas USA
• McKissack
• Chase
• Barrelmore Wine and Spirits
• Cosentini Associates
• CB Insights
• PubMatic
• Healthcare Career Advancement Program
• Milrose Consultants, Inc.
• William Esper Studio
• FedEx Office

.

Transportation in Penn Station

Pennsylvania Station is also recognized as  Penn Station,  centrally located interborough railroad station in New York City. Daily nearby trains are serving more than 500,000 workers per weekday. An interesting fact is that this magnificent hub of trains named for the Pennsylvania Railroad, original tenant, and Its builder, Penn Station serves several subway lines such as the Long Island Railroad, New Jersey Transit, and the A, C, E, 1, 2 lines.

Eighth Avenue Line

blue

​​

Broadway–Seventh Avenue Line

red

​​

New York City Bus. If an alternative way to move from one point to another is need than MTA Regional Bus Operations buses are the choice near Penn Station, such as M7, M20, M34, M34A, and Q32. Some historical facts show that this area has 21 tracks fed by seven tunnels (the two North River Tunnels, the four East River Tunnels, and the single Empire Connection tunnel). The rail line here connects New York City with Boston, Philadelphia, Washington, D.C., and intermediate points.

.