175 Fifth Avenue – The Flatiron Building
The Flatiron building is an office building containing offices for small and medium sized companies in the Midtown South district of Manhattan.
175 Fifth the Flatiron Building once known as the Fuller Building stands today as an Manhattan icon / landmark mostly seen and displayed in various forms of art ranging from photography to paintings.
This building’s unusual shape carries over internally as the property is known for its unorthodox layout – with oddly shaped offices and walls that flow at a slant emphasizing and meeting at this property’s “prow”. In the past these office units were the most desired with windows at the cowcatcher that offer panoramic views northwards. It’s been said that the interior office units do not accommodate modern office furniture well or allow for easy collaboration between staff members. Moreover the gender specific restrooms stand on alternating floors, and aren’t very nice – except for the one on the 18th floor – which offers views all the way to New Jersey.
This landmark stands at the junction of 23rd Street, Broadway, and Fifth Avenue – making it the only building that meets at three major thoroughfares in Manhattan. The property is undergoing a transformation soon as its been slated for conversion into a luxury hotel with the last commercial lease ending in 2018.
Features such as the narrow depth of the property do lend well to an abundance of light coming in from numerous big windows throughout the building. Common areas such as the stairwell and elevators take up an odd amount of square footage. This then causes loss factor – which has been stated to grant a tenant around 70% of the actual floor plate.
With change in the wind renting office space in The Flatiron Building may not be an option after 2018. Seen in the past as a dream location today despite its quirky layout and old classic New York charm the building will not be available for office space leasing unless the Sorgente Group changes their plans or if the property is sold again, otherwise business will just have to look on and faun over commercial space that will no longer be made available again in the commercial market.
Because of this and other factors office availabilities & prices aren’t shown for this property; the building now is exclusively leased by MacMillan Publishers.
For more information on office spaces near and around 175 Fifth, contact us and one of our brokers can provide you with all the data needed including price, floor plans, photos, and insight into the area and those comparable options.
What this Office Building can Offer You:
- Landmark Building
- Corner Property (large windows on all three sides)
- Just steps from Madison Square Park and proximity to the N, R and 6 Trains
Floors: 22 Stories / 285 Ft. Tall
Property Type: Steel Frame, Limestone & Glazed Terra Cotta
Location: Flatiron District / Zip Code 10010
Total Building Size: 180,000 SF.
Year Built: 1902 / Renovated 1991
Architect: D.H. Burnham & Company (Daniel Burnham)
Building Class: A
Price: Buildings in this range and location today are averaging rents between $50 to $70 PSF.
• Unencumbered Views either Northward or Westward
• Large Operable Windows
• Distinctive Spaces
Area & Property Details
Fifth Avenue is a major thoroughfare in the borough of Manhattan in New York City, and is considered among the most expensive and best shopping streets in the world. Many luxury goods, fashion, toys, and sport brand boutiques are located along Fifth Avenue.
The Flatiron Building has been home to numerous art and music acts throughout the years. Today, the Flatiron Building is frequently used on television commercials and documentaries as an easily recognizable symbol of the city,
Flatiron 23rd Street Partnership Business Improvement District was created back in 2006 which has served to enhance the neighborhood’s appeal and prominence within Manhattan. This non-for-profit group and it’s program help and maintain a clean and safe standard for all who come to the area. Moreover the B.I.D. (Business Improvement District) carries out numerous activities such as initiating area improvement projects and marketing the myriad of retail and business opportunities found only here.
For complete info on this program please visit the Flatiron District 23rd Street Partnership Page HERE
Impressive tenant roster includes:
There are about numerous tenants who have called 175 Fifth home…
Note: Sorgente Group (Purchased the Building)
American Architect and Building News
The Equitable Life Assurance Society
The Fuller Company (19th Floor)
St. Martin’s Press
Companies who call 23rd Street their home include:
23rd Street Dance Company
23rd Street Dental
AEG Live ( 53 W. 23rd St)
Baltz & Company (49 w 23rd st, 9th floor)
Bottle Maker Quadruples
Dropbox (50 W 23rd)
Grovo (50 West 23rd Street)
Manhattan Edit Workshop
PlaceIQ (115 East 23rd Street)
Riot Games (entire second floor of 49 West 23rd street)
Soundcloud (50 W 23rd)
The Chancellor Robert R Livingston Masonic Library
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