114 Fifth Avenue

114 Fifth Avenue is a highly visible Class A office building positioned in the heart of Manhattan’s Flatiron District, occupying a prime stretch of Fifth Avenue between Union Square and Madison Square Park. The property stands out as a fully modernized office asset within a historic corridor, offering tenants a combination of contemporary infrastructure, strong branding presence, and one of the most transit-accessible locations in Midtown South.

The building’s location is its defining advantage. Sitting directly on Fifth Avenue at the center of the Flatiron submarket, 114 Fifth Avenue places tenants within immediate walking distance of Union Square’s major subway hub, as well as the 23rd Street corridor. This allows for seamless commuting across Manhattan, Brooklyn, Queens, and beyond, making it an ideal headquarters location for companies with distributed workforces.

From an architectural and operational standpoint, 114 Fifth Avenue has been repositioned to meet modern tenant expectations. The building delivers clean, efficient floor plates that support a wide range of office layouts, from open-plan workstations to private perimeter offices and high-end conference installations. Large window lines across multiple exposures bring in consistent natural light, enhancing workplace quality and employee experience.

The lobby and common areas have been upgraded to reflect a more contemporary tenant experience, creating a professional arrival point that aligns with the expectations of today’s office users. These upgrades, combined with strong building systems and infrastructure, position the property competitively against newer Midtown South developments while maintaining the identity and charm of a Fifth Avenue address.

Tenants at 114 Fifth Avenue benefit from immediate access to one of Manhattan’s most robust amenity ecosystems. The surrounding Flatiron and Union Square areas offer an extensive mix of restaurants, fitness centers, hotels, and retail, allowing companies to provide a full-service work environment without relying solely on in-building amenities. Madison Square Park and Union Square Park also provide nearby open space, adding an additional quality-of-life benefit for employees.

From a leasing strategy perspective, 114 Fifth Avenue appeals to a broad tenant base. Technology firms, creative agencies, financial services groups, and professional firms are all drawn to the building’s combination of location, efficiency, and identity. It offers a level of polish and accessibility that supports both client-facing businesses and internally focused operational teams.

Overall, 114 Fifth Avenue represents a best-in-class Midtown South office opportunity for tenants seeking a Fifth Avenue address with modern infrastructure, strong transit access, and immediate integration into one of Manhattan’s most active commercial neighborhoods.

Technical Specifications — 114 Fifth Avenue

114 Fifth Avenue is a fully repositioned Class A office building located along Lower Fifth Avenue between East 16th and East 17th Streets in Manhattan’s Flatiron District. Originally constructed in the early twentieth century and modernized through a comprehensive capital program, the property blends historic architectural character with contemporary building systems, positioning it as one of the premier office assets in Midtown South.

The building occupies a prime Fifth Avenue frontage with strong branding visibility and immediate proximity to Union Square. Its redevelopment has transformed the property into a highly efficient, amenity-driven workplace environment while preserving its prewar façade and structural identity within the Ladies’ Mile Historic District.

Core Building Metrics

Building Address: 114 Fifth Avenue, New York, NY 10011
Submarket: Flatiron District / Midtown South
Property Type: Class A Office Building
Ownership / Developer: L&L Holding Company
Original Construction: Circa 1910
Renovation / Repositioning: Major redevelopment completed (2014 capital program)
Architectural Style: Prewar / Historic Fifth Avenue commercial loft architecture
Building Height: Approximately 19 stories
Total Building Size: Approximately 350,000 Square Feet
Floor Plate Sizes: Efficient mid-size plates averaging approximately 18,000 to 20,000 Square Feet
Ceiling Heights: High slab heights typical of prewar construction, enhanced through modernization
Window Lines: Large perimeter windows with strong natural light across multiple exposures
Lobby Presence: Fully modernized attended lobby with high-end finishes and controlled access systems
Elevator Infrastructure: Multiple passenger elevators (modernized) with efficient vertical circulation
HVAC Systems: Upgraded tenant-controlled HVAC systems and mechanical infrastructure
Sustainability: LEED Gold Certified building systems and energy-efficient upgrades
Retail Component: Ground-floor retail along Fifth Avenue frontage
Rooftop / Terrace: Tenant-accessible rooftop terrace with skyline views and outdoor seating
Technology Integration: Modern building systems with secure access control and digital integration
Security: 24/7 attended lobby with keycard access and turnstile entry
Fiber Connectivity: High-speed telecom and fiber infrastructure throughout

Architectural & Structural Highlights

114 Fifth Avenue retains its historic masonry façade and classic Fifth Avenue proportions while delivering a fully modernized interior environment. The building’s vertical massing, consistent window grid, and strong corner presence create both aesthetic distinction and functional efficiency for office layouts.

The redevelopment introduced significant upgrades to structural systems, mechanical infrastructure, and common areas, allowing the building to compete directly with newly delivered Midtown South product while maintaining the authenticity and scale of a prewar asset.

Workplace Environment

Office installations at 114 Fifth Avenue are designed to accommodate modern tenant demands for flexibility and collaboration. The efficient floor plates allow for a wide range of layouts, including open-plan workstation environments, perimeter office configurations, and high-end conference and meeting areas.

Typical workplace configurations emphasize:

Open work areas with high employee density potential
Executive perimeter offices with strong natural light
Dedicated conference and boardroom installations
High-end pantry and hospitality areas
Collaborative breakout and lounge spaces
Hybrid-ready infrastructure for evolving workplace strategies

The building’s ceiling heights and window exposure enhance the overall workspace quality, creating bright, high-volume environments that are difficult to replicate in newer construction at comparable pricing.

Tenant Advantages

From a leasing perspective, 114 Fifth Avenue delivers a strong combination of identity, efficiency, and location:

Premier Fifth Avenue branding and visibility
Direct access to Union Square transit hub
LEED Gold-certified infrastructure in a historic building
Modernized systems within a character-rich environment
Access to rooftop outdoor space and upgraded common areas
Highly efficient floor plates supporting operational scalability

The building attracts a diverse tenant base, including technology, media, fashion, and professional services firms seeking a headquarters-style presence in Midtown South.

Operational Efficiency

The building’s modernization program was specifically designed to enhance operational performance. Efficient layouts, upgraded building systems, and strong infrastructure reduce day-to-day friction while supporting long-term growth.

The ability to accommodate mid-to-large headcounts on single floors provides a meaningful advantage for companies transitioning from fragmented layouts or coworking environments into centralized office space.

Overall Positioning

114 Fifth Avenue stands as a top-tier Midtown South office asset, combining historic Fifth Avenue architecture with modern building performance. It offers tenants the rare ability to secure a highly visible address, efficient layouts, and upgraded infrastructure within one of Manhattan’s most active and desirable office submarkets.

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Near By Transportation

114 Fifth Avenue is positioned between East 16th Street and East 17th Street, placing it directly within immediate reach of one of Manhattan’s most transit-rich corridors centered around Union Square. This location provides exceptional accessibility for employees commuting from all boroughs as well as regional rail connections.

Union Square Transportation Hub (14th Street):
Access to the 4, 5, 6, L, N, Q, R, and W subway lines within a short walk, offering direct connectivity to Midtown, Downtown, Brooklyn, and Queens.
14th Street – Sixth Avenue Station:
Nearby access to the F and M subway lines, expanding east-west connectivity across Manhattan and into Brooklyn and Queens.
23rd Street – Broadway / Fifth Avenue Corridor:
Access to the N, R, W subway lines at 23rd Street, providing additional north-south transit options along Broadway.
14th Street Crosstown Bus Routes:
Multiple bus lines including M14A and M14D SBS, offering rapid crosstown service between the East Side, Union Square, and West Side.
Fifth Avenue / Broadway Bus Lines:
Local bus service including M1, M2, M3, M55, running along Fifth Avenue and Broadway corridors.
PATH Trains (14th Street / Sixth Avenue):
Convenient access to PATH service at 14th Street, connecting directly to New Jersey including Hoboken and Jersey City.

This concentration of transit options makes 114 Fifth Avenue one of the most commuter-efficient office locations in Midtown South, reducing travel friction and supporting workforce accessibility across the New York metropolitan area.

Notable Buildings in the Area

114 Fifth Avenue sits in the heart of the Flatiron District, surrounded by some of Manhattan’s most recognized office buildings, institutional assets, and adaptive reuse landmarks. This immediate environment reinforces the building’s positioning within one of the most desirable office corridors in Midtown South.

Flatiron Building — 175 Fifth Avenue
One of New York City’s most iconic architectural landmarks, anchoring the neighborhood and reinforcing the prestige of the Fifth Avenue corridor.
200 Fifth Avenue
A full-block, Class A headquarters building directly facing Madison Square Park, known for its large floor plates, rooftop amenities, and flagship tenant presence.
11 Madison Avenue
A trophy Class A office tower and former Credit Suisse headquarters, offering large-scale institutional office space overlooking Madison Square Park.
41 Madison Avenue
A major showroom and office building serving the home furnishings industry, with consistent leasing demand and strong tenant identity.
111–115 Fifth Avenue
A pair of interconnected loft-style office buildings offering creative office environments with strong leasing momentum in the Flatiron submarket.
141 Fifth Avenue
A boutique prewar office building with modernized interiors, appealing to smaller and mid-size tenants seeking character-driven space.
10 East 21st Street
A highly upgraded Class A boutique office building known for design-forward interiors and premium tenant installations.
386 Park Avenue South
A repositioned Midtown South office asset attracting technology and media tenants with upgraded infrastructure and efficient layouts.
860 Broadway
A classic Flatiron office building with strong frontage and proximity to Union Square, popular among creative and tech tenants.
915 Broadway
A well-known boutique office building offering full-floor opportunities and strong identity for small-to-mid-sized companies.

This concentration of high-quality office buildings, combined with immediate access to Madison Square Park and Union Square, creates a dense, competitive leasing environment where 114 Fifth Avenue stands out as a fully modernized, institutionally owned asset within a historically rich setting.

Zip Code

10011