521 Fifth Ave
New York, NY 10175
Lefcourt National Building · Office Property For Lease · 84,440 SF

521 Fifth Avenue is a premier 39-story Class A office tower positioned adjacent to Grand Central Station in Midtown Manhattan, one of the most transit-accessible and densely trafficked commercial corridors in the nation. Spanning over 460,000 square feet, this LEED Gold-certified property offers investors an opportunity to acquire a trophy asset in a submarket exhibiting sustained demand and limited vacancy among top-tier buildings. Current occupancy of approximately 64% provides immediate in-place income with significant upside through lease-up potential, backed by robust tenant demand in the Grand Central market. The asset benefits from oversized windows delivering exceptional light and city views, boutique floor plates conducive to efficient layout plans, and six terraces that command premium rents. Additionally, more than 50,000 square feet of ground-level retail and over 100 feet of Fifth Avenue frontage provide notable street-level presence and ancillary income channels. With over 75 million pedestrians passing annually, future retail repositioning presents further revenue opportunities. Situated at a global business address surrounded by influential corporate neighbors such as JP Morgan, Amazon, Blackstone, and Citadel, this offering represents long-term stability and enduring value.