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245 5th Avenue

Flatiron District

New York, NY 10016

  • 3,708 - 11,933 sqft
  • ~$65/sqft

Building Details

  • Attended Lobby✔︎
  • 24/7 Access✔︎
  • Turnstile✔︎
  • Owner/Leasing ManagerThor Equities
  • Floors26
  • Height308
  • ArchitectGeorge F. Pelham
  • Walk Score®100
  • Year Built1927
  • Noise Index0.33

Midtown South is a very sought-after area in Manhattan for commercial listings. While the location of 245 5th Avenue is desirable, you may be even more impressed by the buildings features which include a renovated lobby, 24/7 access, and on-site security.
245 5th Avenue offers access to the epicenter of the world economy. Midtown South is, by many estimates, the busiest and most prestigious commercial district in the world. Local attractions include Madison Square Park and the Empire State Building. Though the area definitely has a commercial focus, it also offers a great deal in terms of food, transportation, and nightlife. One of our favorite places to eat here at TheSquareFoot is Keens Steakhouse because there’s nothing quite like a post-work sirloin to kick off the weekend.

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  • Availability

    UnitSizePriceInquire
    Partial 22nd Floor3,708 sqft$20,085 /mo est
    20th Floor11,930 sqft$64,620 /mo est
    20th Floor11,933 sqft$64,637 /mo est
    • 0.03 mi🍺John Doe Bar & Kitchen
    • 0.04 mi☕️Idea Coffee
    • 0.04 mi🥘Ben & Jack's Steakhouse
    • 0.04 mi🥘ilili
    • 0.04 mi🥘Chipotle
    • 0.05 mi🥘L & W Oyster Company
    • 0.06 mi☕️Birch
    • 0.06 mi🍺230 Fifth
    • 0.06 mi☕️Exki
    • 0.07 mi🥘Pondicheri
    • 0.07 mi☕️Dunkin' Donuts
    • 0.07 mi🥘Choza Tacqueria
    • 0.07 mi🥘Shorty's
    • 0.07 mi🥘Essen Fast Slow Food
    • 0.08 mi🍺The Nomad
    • 0.08 mi🥘Milleseme
    • 0.09 mi🥘The Smith
    • 0.09 mi🥘Sweetgreen
    • 0.09 mi🍺Vin Sur Vingt
    • 0.09 mi🍺The NoMad Hotel Library Bar
    • 0.1 mi☕️Starbucks
    • 0.11 mi🥘Wagamama
    • 0.11 mi🚇RW28th Street
    • 0.11 mi🥘The Breslin
    • 0.11 mi🍺Toshi's Living Room
    • 0.12 mi🍺Toshi's Penthouse
    • 0.12 mi💪Evolution Muay Thai
    • 0.12 mi🥘La Pecora Bianca
    • 0.12 mi🥘Ravagh Persian Grill
    • 0.13 mi🥘John Dory Oyster Bar
    • 0.13 mi🥘Izakaya NoMad
    • 0.13 mi🥘Num Pang
    • 0.13 mi🥘INDAY
    • 0.13 mi🥘Maysville
    • 0.14 mi☕️Cafe Delectica
    • 0.16 mi🥘Latin American Restaurant
    • 0.16 mi🍺Churchill's Pub
    • 0.16 mi🥘Crooked Knife
    • 0.16 mi🍺Tavern29
    • 0.16 mi🥘Bella Napoli
    • 0.16 mi💪PopPhysique
    • 0.17 mi🥘Maui Onion
    • 0.17 mi🚇628th Street
    • 0.17 mi☕️Chalait
    • 0.17 mi💪Throwback Fitness
    • 0.17 mi🥘Take31
    • 0.18 mi☕️Subway
    • 0.18 mi🥘Her Name is Han
    • 0.18 mi🥘Wine:30
    • 0.18 mi🥘Hill Country Barbecue Market
    • 0.18 mi🥘Minar
    • 0.18 mi🍺Hog Pit NYC
    • 0.18 mi☕️FIKA 28th Street
    • 0.18 mi🍺Grey Bar & Restaurant
    • 0.19 mi🍺The Flatiron Room
    • 0.19 mi🥘Hanjan
    • 0.19 mi🥘Les Halles
    • 0.19 mi🥘California Pizza Kitchen
    • 0.19 mi🥘Mulberry & Vine
    • 0.19 mi🥘Eleven Madison Park
    • 0.19 mi🥘Dos Caminos
    • 0.19 mi🍺Flatiron Hall
    • 0.19 mi🥘Fresh & Co
    • 0.2 mi🥘Melt Shop
    • 0.2 mi🥘Eataly
    • 0.2 mi🥘Ichiumi Japanese Buffet
    • 0.21 mi🥘Waldy's Woodfire Pizza & Penne
    • 0.21 mi☕️Starbucks
    • 0.21 mi🥘Fresh Mexican Grill
    • 0.21 mi🍺La Bierria
    • 0.22 mi☕️Cosi
    • 0.22 mi🥘Woorijip
    • 0.22 mi🥘Kyo Chon Chicken
    • 0.22 mi🥘Junoon
    • 0.22 mi🥘Jazz Standard
    • 0.22 mi🥘Baita by Birreria
    • 0.23 mi🥘Hana Michi
    • 0.23 mi🥘Blue Smoke
    • 0.23 mi🥘Eataly
    • 0.23 mi🥘Hee Korean BBQ Grill
    • 0.23 mi🚇RW23th Street
    • 0.23 mi🥘Chop Shop II
    • 0.23 mi🍺O'Reilly's Pub
    • 0.23 mi🥘New WonJo
    • 0.23 mi🥘Tappo
    • 0.23 mi🥘Chipotle
    • 0.24 mi🚗Central Parking
    • 0.24 mi🥘Dunkin' Donuts
    • 0.24 mi☕️Lenny's
    • 0.24 mi🥘Gaonnuri
    • 0.24 mi☕️Koffeecake Corner
    • 0.24 mi🥘Copper Chimney
    • 0.24 mi🥘Pappali
    • 0.24 mi🥘Seoul Garden
    • 0.24 mi🥘Bon Chon Chicken
    • 0.24 mi🍺O'Reileys
    • 0.24 mi💪Studio Anya
    • 0.24 mi🍺Park Hotel Rooftop Bar
    • 0.25 mi🥘Kang Suh Restaurant
    • 0.25 mi🥘Cosi
    • 0.25 mi🥘Sushiritto
    • 0.25 mi🥘Dig Inn Seasonal Market
    • 0.25 mi🍺Rattle n Hum
    • 0.25 mi🥘VERTS Mediterranean Grill
    • 0.25 mi☕️Starbucks
    • 0.26 mi🍺Rouge
    • 0.26 mi🥘Anjappar
    • 0.26 mi🥘Haldi
    • 0.26 mi🥘Bhatti
    • 0.26 mi🥘Lahori Kabab
    • 0.26 mi🥘Dhaulagiri Kitchen
    • 0.26 mi💪Uplift Studio
    • 0.26 mi🍺Foley's
    • 0.27 mi☕️Starbucks
    • 0.28 mi🥘Curry in a Hurry
    • 0.28 mi🥘Haandi
    • 0.28 mi🥘Chote Nawab
    • 0.28 mi🍺Whiskey Rebel
    • 0.28 mi🚌Free maison
    • 0.28 mi🥘Prêt à manger
    • 0.28 mi🥘Kofoo
    • 0.28 mi🍺Jack Demsey's
    • 0.28 mi☕️FIKA 23rd Street
    • 0.29 mi🥘Saravanaa Bhavan
    • 0.29 mi☕️Starbucks
    • 0.29 mi🥘Saravana Bhavan
    • 0.29 mi🥘Outback Steakhouse
    • 0.29 mi🍺The Storehouse
    • 0.29 mi🚇623rd Street
    • 0.29 mi☕️Gregory's Coffee
    • 0.29 mi🍺Heartland Brewery
    • 0.29 mi☕️Penelope
    • 0.29 mi☕️The Corner Cafe
    • 0.3 mi☕️Starbucks
    • 0.3 mi🚇PATH33rd Street
    • 0.3 mi🥘Sagaponack
    • 0.3 mi☕️Starbucks Coffee
    • 0.3 mi🥘Vezzo
    • 0.3 mi🥘Bao Bao Cafe
    • 0.3 mi🥘Lallisse
    • 0.3 mi☕️Starbucks
    • 0.3 mi🥘Belvedere
    • 0.31 mi🥘Balloon
    • 0.31 mi🚇633rd Street
    • 0.31 mi🥘Spicy Simphony
    • 0.31 mi🥘Le Pain Quotidien
    • 0.32 mi🚇FMPATH23rd Street
    • 0.32 mi🥘DiDi Dumpling
    • 0.32 mi🥘Marcony
    • 0.32 mi🥘Obica Mozzarella Bar
    • 0.32 mi🚗Icon Parking
    • 0.32 mi🥘Stix
    • 0.32 mi☕️Maison Kayser
    • 0.33 mi🥘Brother Jimmy's BBQ
    • 0.33 mi🥘Izumi
    • 0.33 mi☕️Dunkin' Donuts
    • 0.34 mi🥘Friedman's
    • 0.34 mi🥘Olive Garden
    • 0.34 mi☕️Cafe R
    • 0.34 mi🍺Smithfield Hall
    • 0.35 mi🥘By Chloe
    • 0.35 mi🍺Rooftop Bar
    • 0.35 mi🥘Turkish Kitchen
    • 0.35 mi🥘Coppola's
    • 0.35 mi☕️Gramercy Star Cafe
    • 0.36 mi🚇BDFMNQRW34th Street-Herald Square
    • 0.36 mi🥘Tres Carnes
    • 0.36 mi💪Flywheel Sports
    • 0.36 mi☕️FIKA 34th Street
    • 0.36 mi🥘Rare Bar and Grill
    • 0.36 mi🥘Kurry Pavilion
    • 0.37 mi☕️Starbucks
    • 0.37 mi🥘Murry Hill Diner
    • 0.37 mi🥘Franchia
    • 0.37 mi🍺Van Diemens
    • 0.37 mi☕️Starbucks
    • 0.38 mi🥘Vatan
    • 0.38 mi🥘Tonic
    • 0.38 mi🥘Hummus Kitchen
    • 0.38 mi🥘Pita Grill
    • 0.38 mi☕️GG Cafe
    • 0.38 mi🥘Aleo
    • 0.38 mi🥘Sunflower Diner
    • 0.38 mi💪Peleton
    • 0.38 mi🥘Pizza Fresca
    • 0.38 mi🥘Five Guys
    • 0.39 mi🚇128th Street
    • 0.39 mi🍺Slate
    • 0.39 mi🍺Barcade
    • 0.39 mi☕️Dunkin' Donuts
    • 0.39 mi🥘Mari Vanna
    • 0.39 mi☕️Brooks Brothers - Red Fleece Cafe
    • 0.39 mi🥘Banc
    • 0.39 mi🥘Hyo Dong Gak
    • 0.39 mi☕️Seven Grams
    • 0.4 mi☕️Beecher's Handmade Cheese
    • 0.4 mi🥘The Cellar
    • 0.4 mi🥘Malibu Diner
    • 0.4 mi🥘Juice
    • 0.4 mi🥘VLife NYC
    • 0.4 mi☕️Pret A Manger
    • 0.4 mi🥘Moonstruck
    • 0.4 mi🥘Bella Napoli
    • 0.41 mi🥘La Tarte Flambée
    • 0.41 mi🥘Izakaya Mew
    • 0.41 mi☕️Starbucks Coffee
    • 0.41 mi🌲Theodore Roosevelt Birthplace National Historic Site
    • 0.41 mi🥘2nd Ave Deli
    • 0.41 mi🌲Ladies Mile Historic District
    • 0.41 mi🥘Grimaldi's Pizza
    • 0.41 mi☕️Hale and Hearty
    • 0.42 mi🥘Cho Dang Gol
    • 0.42 mi💪Monster Cycle Limelight
    • 0.42 mi🍺The Ginger Man
    • 0.42 mi🥘ViV
    • 0.42 mi🥘Monster Sushi
    • 0.42 mi🥘Le Parisien
    • 0.42 mi💪David Barton Gym
    • 0.42 mi🥘Vino Tapa
    • 0.42 mi🥘Nomado
    • 0.43 mi🥘Cask
    • 0.43 mi☕️Pret a Manger
    • 0.43 mi☕️Starbucks
    • 0.43 mi🥘Pizza Pub
    • 0.44 mi🍺Flatiron Lounge
    • 0.44 mi☕️Joe Pro Shop & Headquarters
    • 0.44 mi🥘Maruko Sushi & Tea
    • 0.45 mi🥘Burger & Lobster
    • 0.45 mi🥘Big Daddy's Gramercy Park
    • 0.45 mi🚇123rd Street
    • 0.46 mi🥘Keens Steakhouse
    • 0.46 mi🥘Lyric Diner

    Neighborhood

    Flatiron District

    The Flatiron District is named after the Flatiron Building, an iconic triangular building that is one of the oldest original skyscrapers in New York. The building was considered groundbreaking at the time of its construction in 1902, and now symbolizes both the historical importance and innovative spirit that defines the area.

    Flatiron District Office Space | Lease Trends & Data

    Flatiron has over 21 million square feet of commercial real estate, but the percentage of retail availability is one of the lowest in Manhattan at 5.6%. Despite low availability, demand for office space remains high. Renters can expect to pay an average of $65 per square foot.

    What Our Brokers Say

    Madison Square Park, fully restored in 2001, is considered Flatiron’s heart. Over 50,000 people visit daily, and it’s the perfect spot for both locals and tourists to take lunch and people watch.

    Flatiron is also known for the Ladies’ Mile Historic District which remains a prime shopping area and for being the original center of Silicon Alley. Publishers, fashion designers, nonprofits, consulting firms, and advertising agencies are side by side with media and technology leaders such as Buzzfeed, Blue Apron, AppNexus, Spotify, Dashlane, Yext, General Assembly, Tumblr, and Betterment.

    Due to zoning laws, many of the tallest buildings are still no higher than 20 stories. Older buildings along the side streets are often only 3-6 stories tall. These smaller buildings mean that tenants seeking square footage of 5,000 or less can occupy their own floor, which is rare in other parts of the city. With more modest floor plans with high ceilings, many spaces are perfect for open office concepts.

    Since the formation of the Flatiron/23rd Street Partnership Business Improvement District (BID) in 2006, over 2.2 million in funds are invested annually in the neighborhood’s sanitation, public safety, marketing, social services, and public improvements. Due to the BID’s dedication to a clean and safe area, Flatiron is increasingly attractive for families and young professionals looking for a strong sense of community. There are currently 247 new residential units, including luxury rental condominiums, planned or under construction.

    Fitness and Food Culture

    In response to the high number of young workers, the fitness and wellness sector has rapidly taken hold of Flatiron, with 47 fitness gyms and studios available within walking distance and companies like Athleta, Equinox, and Sweaty Betty renting office space.

    As much as fitness is a part of the Flatiron culture, so is food. Host business meetings at Eleven Madison Park, Craft, Gramercy Tavern, and Cosme, or take a more casual outing to Shake Shack, Tappo Thin Crust, Live Bait, and Eisenberg Sandwich Shop. Flatiron is also home to Eataly, a 58,000 square foot Italian marketplace with seven unique restaurants that opened in 2010.

    Neighborhood History

    After evolving from the commercial “Toy District” to a more residential neighborhood, Flatiron was briefly referred to as the “Photo District” from the 1960s-1980s. Expansive lofts with plenty of natural light and relatively cheap rent were ideal for photographers. The appeal of these unique loft-style buildings brought an influx of tech and media companies, once again changing the character of the neighborhood until it officially became the Flatiron District in the mid-1980s.

    Getting Around the Flatiron District

    Pedestrians outnumber vehicles 18:1 in Flatiron, so it’s no surprise that Flatiron has a walk score of 100% and is considered the 6th most walkable neighborhood in NYC. Foot traffic can be heavy during the day and at lunch time but lightens up in the evening. Bikers have access to 13 bike share stations and approximately 500 docking spaces within the district.

    Flatiron’s transit score is also 100%. In addition to 24 bus lines that pass through Flatiron, commuters can take the N, R or 6 trains to 23rd Street. Other Subway lines that pass through with full- or part-time stops include the F, L, M, Q, 4, and 5 trains. Many choose to make the slightly longer walk from Grand Central Station, Penn Station, or Union Square to their office.

    Flatiron is bordered by Greenwich Village to the south, Chelsea to the west, NoMad to the north, and Gramercy Park to the east.

     

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