5 East 59th Street
Upper East Side
New York, NY 10022
- 5,200 sqft
|4th Floor - Suite||5,200 sqft||$31,200 /mo est|
|5th Floor - Suite||5,200 sqft||$31,200 /mo est|
- 0.05 mi🚇NRW5th Avenue – 59th Street
- 0.25 mi🚇45659th Street
- 0.26 mi🚇F57th Street
- 0.27 mi🚇NRW59th Street-Lexington Avenue
- 0.29 mi🚗Alpha Garage
- 0.3 mi🚇F QLexington Avenue-63rd Street
- 0.32 mi🚇EM53rd Street-5th Avenue
- 0.41 mi🚇NQRW57th Street-7th Avenue
- 0.42 mi🚇EM53rd Street-Lexington Avenue
- Owner/Leasing ManagerTristate Equities
- Walk Score®98
- Year Built1984
- Noise Index0.53
5 East 59th Street, New York, NY 10022 is located between Madison and Park Avenue. The structure was completed in 1984, tops out at 9 stories, and contains over 38,052 square feet of office space for rent. Because 5 East 59th Street is a smaller structure, the size makes it better suited for smaller organizations that are not expecting too much near-term expansion. Smaller buildings are typically also easier to navigate and tenants often benefit from closer relationships with their landlords or building management, although they are often older in age. 5 East 59th Street has been renovated at numerous time throughout its long history. The improvements have served to improve the office space to modern standards as well as keep building lobby and infrastructure functional and up-to-date. 5 E 59th St is located in Midtown, which is Manhattan’s premier business district. Midtown Manhattan features a huge amount of commercial real estate and is one of the most densely populated pieces of land in the world. There are a huge number of skyscrapers, hotels, restaurants, retailers, bus stops, and train stations that saturate the neighborhood with high quality tenants and both native and tourist foot traffic. The result is a great selection of office space for tenants, and huge foot traffic numbers for retailers. 5 East 59th St is highly accessible thanks to New York City’s extensive bus and train network. The Metropolitan Transit Authority (MTA) features a huge bus network which make nearly all portions of the city accessible. In addition, the building lies in close proximity to the MTA’s colored subway lines. These transportation options help make the building easily accessible.
The Upper East Side, comprising Lenox Hill, Carnegie Hill, and Yorkville, has a long history of affluence in New York City. Notable American families with homes here have included the Kennedys, Roosevelts, Rockefellers, and Carnegies.
Compared to the hustle and bustle of Manhattan neighborhoods further south, the Upper East Side moves at a slower, more relaxed pace. The large number of schools, playgrounds, and community centers make the neighborhood feel a bit more suburban. And of course, Central Park and Museum Mile are two of the most popular family destinations in all of the city.
The Upper East Side is also the scene of the newly opened Second Avenue Subway, much to the delight of residential and commercial tenants. The Q-line runs along Second Avenue from 72nd Street up to 96th Street, and has alleviated much of the pressure from the 4,5,6 lines.
Rents for commercial real estate spaces in the Upper East Side fall right at the city-wide average of $72/sqft. For this price you can join the midst of companies such as Dylan’s Candy Bar and Agata & Valentina.