245 Fifth Ave, New York, NY, Class B Office Building For Lease

245 Fifth Ave, New York, NY, Class B Office Building For Lease

245 Fifth Ave, New York, NY, 10016

Cross Streets are: W 28th St and W 27th St

26 Story Class B Office Building

Multiple floors available for rent

245 Fifth Avenue is a 24-story office tower at 28th Street and Fifth Avenue in Midtown South. It offers flexible open-floor workspaces with glass-front offices and is steps from the Empire State Building and Madison Square Park.

Built in 1927 by George F. Pelham, the property features a newly redesigned lobby, skyline views, a turnkey pre-built program, daytime reception, and 24/7 security. Tenants are surrounded by top-rated restaurants, stylish bars, and several luxury hotels.

The building is highly accessible, close to Grand Central Terminal, Penn Station, Herald Square, Times Square, and major subway lines. Multiple airports—including LaGuardia, JFK, and Teterboro—are within a 30-minute drive. Nearby, 450–460 Park Avenue South highlights sustainable, environmentally responsible design.

The overall market on Fifth Avenue office space asks between $55 and $70 for Class B.

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Property Details

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• Some space are fully built out with furniture
• Some space just open floors
• Total floors: 26
• Total Building Size: 315,000 SF
• Typical Floor Size: 315,000 SF
• Available space on multiple floors for lease at affordable rates
• Sizes from 3,481 SF – 13,627 SF up to 83,881 SF
• Floors from 7th to 21st
• Year Built: 1927
• Year Renovated: 2002

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Building Amenities

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• 24 Hour Access
• Banking
• Bus Line
• Metro/Subway
• Property Manager on Site
• Energy Star Labeled

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Notable tenants at this location

• Wework
• Synthesia
• Pixida
• Calcium
• Enigma Technologies, Inc.

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Transportation around 5th Avenue

5th Avenue crosses Manhattan from Northeast to Southeast. Best way to get around is by car and/or taxi (Uber). You can also cycle and walk by foot if you are in the neighborhood. Public transport is buses only – bus line M1, M2, M3 and M4 go all along 5th Avenue.