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50 West 57th Street

Plaza District

New York, NY 10019

  • 3,041 - 3,383 sqft
  • inquire for pricing

Building Details

  • Owner/Leasing ManagerVornado Realty Trust
  • Floors16
  • Height1927
  • ArchitectJ. Lawrence Raimist
  • Walk Scoreยฎ97
  • Year Built1927
  • Noise Index0.84

Central Park South is home to 50 West 57th Street, an exquisite commercial space offering that will certainly not be on the market for long. The building, which stands 16 stories tall, has been kept in pristine condition since its construction in 1927.
50 West 57th Street finds its home in the neighborhood located just south of Central Park. The area is home to iconic landmarks such as the New York City Center for Performing Arts, Carnegie Hall, and Rockefeller Center. Food options are very flexible in terms of budget, with Carnegie Deli and Halal Guys food cart as cheap options, and Pure Thai and Le Bernardin for more formal sit-down meals. After a long day at the office, walk a few blocks north and wander through Central Park. The long winding paths and tall trees offer a quiet sanctuary from city life.

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  • Availability

    UnitSizePriceInquire
    16th Floor3,041 sqftInquire for pricing
    16th Floor3,041 sqftInquire for pricing
    15th Floor3,380 sqftInquire for pricing
    15th Floor3,383 sqftInquire for pricing
    15th Floor3,383 sqftInquire for pricing
    • 0.01 mi๐Ÿฅ˜Mangia
    • 0.03 mi๐Ÿฅ˜Betony
    • 0.03 mi๐Ÿฅ˜Rue 57
    • 0.04 miโ˜•๏ธStarbucks
    • 0.04 mi๐Ÿฅ˜Beyond Sushi
    • 0.05 mi๐Ÿš‡F57th Street
    • 0.05 mi๐Ÿฅ˜Menkui Teu
    • 0.06 mi๐Ÿฅ˜Wayfarer
    • 0.07 miโ˜•๏ธJamba Juice
    • 0.08 miโ˜•๏ธFIKA 58th Street
    • 0.08 mi๐ŸบCassidyโ€™s
    • 0.08 mi๐Ÿฅ˜Joe's Shanghai
    • 0.08 mi๐ŸบWhiskey Trader
    • 0.09 mi๐Ÿฅ˜Five Guys
    • 0.09 mi๐Ÿฅ˜Le Parker Meridien Burger
    • 0.09 mi๐Ÿฅ˜Benoit
    • 0.1 mi๐Ÿฅ˜Il Corso
    • 0.1 mi๐Ÿฅ˜Bistro Milano
    • 0.1 mi๐Ÿฅ˜La Bonne Soupe
    • 0.13 mi๐ŸบConnolly's
    • 0.13 mi๐Ÿฅ˜Mozzarella & Vino
    • 0.16 miโ˜•๏ธStarbucks
    • 0.17 mi๐Ÿฅ˜Russian Tea Room
    • 0.17 miโ˜•๏ธStarbucks
    • 0.17 miโ˜•๏ธBlue Dog
    • 0.18 mi๐Ÿฅ˜RED 58
    • 0.19 mi๐Ÿฅ˜The Modern - The Bar Room
    • 0.2 mi๐Ÿฅ˜Fogo de chao
    • 0.21 mi๐Ÿฅ˜Harry Cipriani
    • 0.21 mi๐Ÿš‡NQRW57th Street-7th Avenue
    • 0.21 mi๐Ÿฅ˜Petrossian
    • 0.22 mi๐Ÿš‡NRW5th Avenue โ€“ 59th Street
    • 0.22 mi๐Ÿฅ˜Park Cafe
    • 0.22 miโ˜•๏ธStarbucks Coffee
    • 0.22 mi๐Ÿš‡EM53rd Street-5th Avenue
    • 0.23 miโ˜•๏ธCafe Metro
    • 0.23 mi๐Ÿฅ˜Lili's 57
    • 0.23 miโ˜•๏ธEuropa Cafe
    • 0.23 mi๐Ÿฅ˜Redeye Grill
    • 0.23 mi๐Ÿบ21 Club
    • 0.23 mi๐ŸบOld Castle
    • 0.24 miโ˜•๏ธStarbucks
    • 0.24 mi๐Ÿฅ˜Le Pain Quotidien
    • 0.25 mi๐Ÿš—Alpha Garage
    • 0.25 mi๐Ÿฅ˜Carnegie Deli
    • 0.25 mi๐Ÿš—Icon
    • 0.25 miโ˜•๏ธCafรฉ Metro
    • 0.25 mi๐ŸบThe Irish Pub
    • 0.26 mi๐Ÿฅ˜Brooklyn Diner
    • 0.26 miโ˜•๏ธLe Pain Quotidien
    • 0.26 mi๐Ÿš—Champion
    • 0.26 mi๐Ÿฅ˜Burger Heaven
    • 0.28 mi๐Ÿฅ˜Hooters
    • 0.28 mi๐Ÿฅ˜Teresa's
    • 0.28 mi๐Ÿš‡BDE7th Avenue
    • 0.29 mi๐Ÿฅ˜Cognac
    • 0.3 mi๐Ÿฅ˜Del Frisco's
    • 0.3 miโ˜•๏ธStarbucks
    • 0.3 mi๐Ÿฅ˜Ted's Montana Grill
    • 0.31 mi๐Ÿฅ˜Capital Grille at Time-Life
    • 0.31 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.31 mi๐Ÿฅ˜Aquavit
    • 0.31 mi๐ŸบBill's Gay Nineties
    • 0.32 mi๐ŸบRosie O'Grady's Saloon
    • 0.32 mi๐Ÿฅ˜Le Bernardin
    • 0.33 mi๐Ÿฅ˜Brasserie Ruhlman
    • 0.33 miโ˜•๏ธDancing Crane Cafe
    • 0.34 mi๐ŸบMcGee's Pub & Restaurant
    • 0.35 miโ˜•๏ธArgo Tea
    • 0.35 miโ˜•๏ธGrom Gelato
    • 0.36 miโ˜•๏ธMaison Kayser
    • 0.36 mi๐ŸบCharacters NYC Bar & Lounge
    • 0.36 mi๐Ÿฅ˜Bill's Bar & Burger
    • 0.36 mi๐Ÿฅ˜Yakitori Totto
    • 0.36 mi๐Ÿฅ˜East Japanese Restaurant
    • 0.37 mi๐Ÿฅ˜Vizio
    • 0.37 mi๐Ÿฅ˜Nocello
    • 0.37 miโ˜•๏ธStarbucks
    • 0.38 miโ˜•๏ธNinth Street Espresso
    • 0.38 miโ˜•๏ธStarbucks
    • 0.38 mi๐Ÿฅ˜ivy
    • 0.38 mi๐Ÿฅ˜Luigi's Pizza
    • 0.38 mi๐Ÿฅ˜TGI Fridays
    • 0.38 mi๐Ÿฅ˜Matts Grill
    • 0.38 mi๐Ÿฅ˜Thai Chai Kitchen
    • 0.39 mi๐Ÿฅ˜Gallaghers Steakhouse
    • 0.39 mi๐Ÿฅ˜Ellen's Stardust Dinner
    • 0.4 mi๐Ÿš‡BDFM47th-50th Streets - Rockefeller Center
    • 0.4 mi๐Ÿฅ˜Sushiden
    • 0.4 mi๐Ÿš‡59th Street - Columbus Circle
    • 0.4 mi๐Ÿฅ˜Palace
    • 0.41 mi๐Ÿฅ˜Nanking
    • 0.41 mi๐Ÿฅ˜Del Frisco's
    • 0.41 mi๐Ÿฅ˜Applebee's
    • 0.42 miโ˜•๏ธStarbucks Coffee
    • 0.43 mi๐Ÿš‡150th Street
    • 0.43 mi๐Ÿฅ˜Friday's
    • 0.43 miโ˜•๏ธStarbucks
    • 0.43 miโ˜•๏ธStarbucks Coffee
    • 0.43 mi๐ŸบRussian Samovar Piano Bar & Restaurant
    • 0.43 mi๐ŸบProvidence
    • 0.43 mi๐Ÿฅ˜Iroha
    • 0.43 miโ˜•๏ธLittle Collins
    • 0.43 mi๐Ÿฅ˜Cosmic Diner
    • 0.43 mi๐ŸบRussian Vodka Room
    • 0.43 mi๐Ÿฅ˜Blue Ribbon
    • 0.43 mi๐Ÿš‡NRW49th Street
    • 0.43 mi๐ŸบCaroline's on Broadway
    • 0.43 mi๐Ÿฅ˜Sushiden
    • 0.44 miโ˜•๏ธStarbucks
    • 0.44 mi๐Ÿฅ˜Bareburger
    • 0.44 mi๐Ÿฅ˜Maloney & Porcelli
    • 0.44 mi๐Ÿฅ˜The Fitz
    • 0.45 miโ˜•๏ธStarbucks Coffee
    • 0.45 mi๐ŸบMcHale's Pub
    • 0.45 mi๐Ÿฅ˜Per Se
    • 0.45 mi๐Ÿฅ˜Roast Chicken
    • 0.45 mi๐Ÿฅ˜Little Collins
    • 0.45 miโ˜•๏ธThe Ballfield's Cafe
    • 0.45 mi๐Ÿฅ˜Sushi Damo
    • 0.45 mi๐Ÿฅ˜The Playwright
    • 0.46 miโ˜•๏ธStarbucks
    • 0.46 mi๐Ÿฅ˜Four Seasons
    • 0.46 mi๐Ÿฅ˜Porter House Bar and Grill
    • 0.46 mi๐ŸบP.J. Moran's
    • 0.46 mi๐Ÿฅ˜Masa
    • 0.46 mi๐Ÿš‡45659th Street
    • 0.46 mi๐Ÿฅ˜ABA Turkish Restaurant
    • 0.46 mi๐ŸบRed Cork
    • 0.46 miโ˜•๏ธStarbucks Coffee

    Neighborhood

    Plaza District

    The Plaza District is anchored by the southeast corner of Central Park. Most agree that the district is defined between the East River and Seventh Avenues, with 65th and 42nd streets as its North-South borders. The Plaza District derives its name from the landmark 19th-century Plaza Hotel and the Grand Army Plaza. The district is home to many famous buildings and landmarks, including Radio City Music Hall, Rockefeller Plaza, the Chrysler Building, and MoMa.

    Midtown Manhattan is the largest central business district in the world, and the Plaza District boasts some of the most premier commercial real estate in the city. Its tall buildings primarily provide office space for holding companies, investment groups, media groups, consulting firms, accounting firms, and hedge funds. Two-thirds of hedge funds located in NYC have office space in the Plaza District.

    Notable Plaza District tenants include Deloitte, Accenture, Mizuho Americas, Bloomberg Media, Colgate-Palmolive, JP Morgan, Pfizer, Cisco Systems, Fox News, and NBC Studios.

    Plaza District Office Space | Lease Data & Trends

    The Plaza District sees a range of asking rents and holds a Class A average of $94.19 per square foot, compared to the Midtown Class A average of ย $83.71. Many upper floors โ€” especially those with views of Central Park โ€” can lease for up to $200 per square foot, and many of the most expensive Plaza District buildings (such as the SoLow and General Motors Buildings) have an average asking rent of $144 per square foot.

    The cost of office space is largely determined by location, building class, lease terms and length, and renovation costs. Not sure about the differences between Class A and Class B office spaces? What about gross lease, triple net leases, and tenant improvement allowance? A licensed tenant broker will leverage these factors to negotiate your lease, but if you want to learn more for yourself, check out our Leasopedia.

    What Our Brokers Say

    Inventory stands at nearly 102,000,000 square feet, with vacancy around 10%. As some tenants such as Blackwater choose to leave the Plaza District for Hudson Yards, vacancy is expected to go up. The Plaza District is ideal for small to mid-size financial services. Between 2015 and 2017, 65% of signed leases for less than 20,000 square feet in Midtown were concentrated in the Plaza District.

    Co-working spaces are also finding their way into the Plaza District. WeWork has four Plaza District locations and signed a lease at the beginning of 2018 for a 400,000 square foot office space at 750 Lexington Ave. NYC Office Suites has 75,000 square feet covering three floors in the LOVE Building, and Grand Central Tech resides at 335 Madison Ave. Plaza District is also an ideal location for any business that interacts with the United Nations ecosystem of organizations, which are mostly based in Midtown Eastย andย Murray Hill.

    Neighborhood History

    Construction above 42nd Street soared in the 1920s after the completion of Grand Central Station. Thirty new skyscrapers went up in 1927 alone, and Midtownโ€™s reputation as the epicenter of business in New York City only continued to solidify throughout the 20th century.

    Unlike the up-and-coming neighborhoods that value repurposing old warehouses and factories into workspaces, the majority of older buildings in the Plaza District were designed with businesses in mind. There has been little to no large-scale construction in recent years, although landlords are starting to issue significant renovations to attract the younger workforce.

    Getting Around the Plaza District

    The Plaza District provides a variety of transportation options for easy commuting around the city,with Grand Central Station as the primary hub in the south-east corner of the district. Subway lines B, D, F, M, 1, N, Q, R as well as bus lines M1, M2, M3, M4, M5, M7, and M50 service the area. Suburban commuters take the Metro North from Westchester, Putnam, and Dutchess Counties, and much of Connecticut. Taxis are readily available to drive you to your next destination.

    The Plaza District has heavy foot traffic. From the north, employees can enjoy walking or biking to work through Central Park. There are also bike lanes on Second Avenue (southbound) and First Avenue (northbound).

    Nearby neighborhoods include: Columbus Circle, Times Square, Park Avenue, and Fifth-Madison.

     

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