Monday December 11, 2023

Park Ave Office Space Rental

Grand Central, Midtown East

LISTING DETAILS FOR Park Ave Office Space Rental

Unit Size 4419 SQ. FT
Type Direct Lease


Introducing 499 Park Avenue, an exceptional office space opportunity nestled at the corner of 59th Street, offering a prime location at 100-108 E 59th St, New York, NY 10022. This prestigious address is a beacon of modernity in the heart of Manhattan’s commercial and retail hub, where contemporary design meets classic elegance.

Spanning the 10th floor, this office space boasts a generous size of 4,419 sqft, ideal for various business needs. Inside, you’ll find four private offices, a well-equipped conference room, a convenient pantry, and an expansive open area designed to accommodate up to 18 people. The space comes partially furnished, offering flexibility and convenience. Moreover, the landlord is open to customizing and upgrading the space to meet your specific requirements. Lease terms are flexible, with direct options available for 3 – 10 years.

499 Park Avenue is a striking modern building, characterized by polished black glass, providing a contemporary contrast to the classic residential buildings along Park Avenue. Designed by the renowned architect I.M. Pei, this property offers a premium office environment tailored to the needs of high-end commercial tenants. It’s the newest office building north of 45th Street on Park Avenue, making it a preferred destination for world-class tenants.

Built in 1980, this 27-story office property spans 292,966 sqft, ensuring a prestigious and well-maintained workspace for your business. This location enjoys proximity to some of New York’s most desirable corners, offering convenience and accessibility in a bustling commercial hub.

Don’t miss this opportunity to secure a prominent business address at 499 Park Avenue. Elevate your business presence and enjoy the benefits of a contemporary workspace in a classic setting. Contact us today to explore leasing options and make your mark in the heart of Manhattan’s vibrant business landscape.

Space Features:

  • Prime location at the corner of 59th Street on Park Avenue
  • Spacious 4,419 sqft office on the partially furnished 10th floor
  • Flexible lease terms ranging from 3 to 10 years
  • Four private offices for added privacy
  • Well-equipped conference room for meetings and presentations
  • Convenient pantry for refreshments and snacks
  • Expansive open area accommodating up to 18 people
  • Opportunity for customization and upgrades to suit specific needs
  • Sleek and modern building with polished black glass design
  • Designed by renowned architect I.M. Pei for a premium office environment
  • Ideal for high-end commercial tenants seeking a prestigious address
  • Proximity to desirable corners and bustling commercial and retail districts
  • A unique blend of contemporary design and classic elegance
  • Located in the heart of Manhattan’s vibrant business landscape

Transportation Options

  • 4, 5, 6 trains: 0.09 miles at 59th Street
  • N, W, R trains: 0.12 miles at Lexington Avenue/59th Street
  • F, Q trains: 0.23 miles at Lexington Avenue/63rd Street
  • E, M trains: 0.33 miles at 5th Avenue/53rd Street
  • 6 train: 0.38 miles at 51st Street
  • F train: 0.41 miles at 57th Street
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Deutsche Bundesbank’s decision to renew its lease at 499 Park Avenue speaks volumes about the property’s enduring appeal. This 27-story gem, nestled between East 59th and East 58th streets, has been a trusted home to prominent tenants for years. The Frankfurt-based central bank, serving as the European Union’s key financial institution, has maintained its representative office here since 1986. The renewal reflects the property’s ability to provide an environment conducive to long-term commitments. With Cushman & Wakefield representing the bank, and the adept assistance from CBRE on the landlord’s side, this transaction demonstrates the value and desirability of 499 Park Avenue.

Additionally, Dow Chemical Company’s decision to secure the top two floors of this iconic Midtown East tower is another testament to the property’s allure. With American Realty Advisors’ recent acquisition of 499 Park Avenue, Dow Chemical seized the opportunity to occupy 18,244 square feet of premium office space. The competitive rental rates, indicate the building’s commitment to offering tenants a favorable environment. CBRE’s Anthony Dattoma represented Dow Chemical in the deal, and the transaction was orchestrated with the assistance of a seasoned CBRE team. As Dow Chemical relocates from a nearby space, this move underscores the building’s ability to attract and accommodate esteemed tenants.

With Cantor Fitzgerald, Lippincott, and Halstead Property among its tenants, 499 Park Avenue maintains its reputation as a preferred choice for diverse industries. The property’s value lies not only in its prime location but also in its ability to foster long-lasting tenant relationships and accommodate evolving space needs. As it continues to evolve and adapt, 499 Park Avenue remains an attractive destination for businesses seeking excellence in the heart of Midtown Manhattan.

Tenants found here Past and Present

  • 1989 Holdings: 2023 New Lease
  • 1989 Holdings Management: 2023 New Lease
  • Khazanah Americas: 2022 New Lease
  • Simon Property Group: 2022 New Lease
  • Andrew W Mellon Foundation: 2021 New Lease
  • Danske Bank: 2021 Renewal
  • Oikos Ventures: 2021 Renewal
  • Eagle Capital Management: 2021 Renewal
  • Jefferson River Capital: 2021 New Lease
  • Quadrant Capital: 2021 Renewal
  • Triago: 2019 Renewal
  • Cornell Capital: 2019 Renewal/Expansion
  • Cantor Fitzgerald: 2019 Renewal
  • Cantor Fitzgerald Securities Corporation: 2019 Renewal
  • Cantor Fitzgerald Securities Corporation: 2019 Renewal
  • First Spring Corporation: 2018 Renewal
  • Cantillon Capital Management: 2017 New Lease
  • Moon Capital Management: 2015 Renewal
  • Cantor Fitzgerald: 2013 Renewal/Expansion
  • Dow Chemical: 2013 New Lease
  • Halstead: 2011 Expansion
  • Halstead Property: 2010 New Lease


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