551 Fifth Ave, New York, NY, Grand Central, Class B Office Building For Lease

551 Fifth Ave, New York, NY, Grand Central, Class B Office Building For Lease

551 Fifth Ave, New York, NY, 10176

Cross Streets are: E 45th St and E 46th St

38 Story Class B Office Building

Multiple floors available for rent

The Fred F. French Building at 551 Fifth Avenue is a landmark Art Deco tower in Midtown Manhattan. Built in 1927 and landmarked in 1986, it offers 38 floors and over 430,000 square feet of Class A space. The building features restored bronze entrances, cultural motifs, and a vaulted lobby with preserved historic details.

Recently renovated, it provides ground-floor retail and flexible office floors, with an additional entrance on East 45th Street and impressive Midtown views. Current tenants include Morton’s The Steakhouse, Zamir Equities, Tommy Bahama, Inter Parfums, and Jonathan Rose Companies.

Located steps from top restaurants, luxury shopping, major hotels, and Grand Central Terminal, it delivers prime convenience and prestige in the heart of New York City.

In 2025 Grand Central Station office space average price for rent: Class B $45-70 per SF.

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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: 38
• Total Building Size: 430,156 SF
• Typical Floor Size: 11,320 SF
• Available space on multiple floors for lease at affordable rates
• Sizes from 2,389 SF – 7,875 SF up to 90,518 SF
• Floors from 5th to 28th
• Year Built: 1927

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Building Amenities

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• 24 Hour Access
• Bus Line
• Metro/Subway
• Property Manager on Site
• Restaurant
• Car Charging Station
• Air Conditioning

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Notable tenants at this location

• Inter Parfums, Inc
• Jonathan Rose Companies
• Morton’s The Steakhouse
• Pace University Midtown
• Sadis & Goldberg LLP
• Schoeman, Updike, Kaufman, & Gerber LLP
• Tapad Inc
• Tommy Bahama
• Value Line
• Eaglestone LLC
• National Women’s Soccer League

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Transportation in Grand Central Station

In this region, Grand Central Terminal is a primary transportation hub. It serves Metro-North trains and the East Side 4, 5, and 6 local and express subway lines. Grand Central acts as a central core for transit in Midtown Manhattan, offering rail, subway, bus, taxi, and airport service all within steps of the Main Concourse. Grand Central Terminal main entrance is 89 E. 42nd Street (at Park Avenue), New York, NY 10017. It is accessible via the 4, 5, 6, 7, and S subway lines, the M101, M102, M103, M1, M2, M3, M4, Q32, and M42 buses and the Hudson, Harlem, and New Haven lines on Metro-North.

Grand Central–42nd Street

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