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545 5th Avenue

The Lorraine Building

New York, NY 10017

  • 12,424 - 13,118 sqft
  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • 24/7 Access✔︎
  • Floors14
  • Walk Score®98
  • Year Built1898
  • Noise Index0.53

A beautiful building in Midtown located at 545 5th Avenue sets itself apart with fiber internet, a lobby attendant and a freight elevator. The building, which stands 13 stories tall, has been kept in pristine condition since it was constructed in 1930.
Moving to 545 5th Avenue means you will never run out of food to eat, art to appreciate, or people to meet. Grand Central Station is just blocks away, ensuring easy transportation to just about anywhere in the city. Other local attractions include the Museum of Modern Art, Christies Auction House, and Saint Patricks Cathedral. For dining options, a great steak awaits you at Mortons Steakhouse, Bouchon Bakery makes the best buttery croissants, and Hatsuhana Sushi offers delicious and authentic Japanese cuisine.

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  • Availability

    UnitSizePriceInquire
    12th Floor - Suite12,424 sqftInquire for pricing
    12th Floor - Suite13,114 sqftInquire for pricing
    4th Floor - Suite13,114 sqftInquire for pricing
    8th Floor - Suite13,118 sqftInquire for pricing
    • 0.01 mi☕️Starbucks Coffee
    • 0.01 mi☕️europa cafe
    • 0.07 mi🥘Wolfgang's Steakhouse
    • 0.08 mi☕️FreeFoods
    • 0.09 mi☕️Starbucks Coffee
    • 0.1 mi🍺Mad 46
    • 0.1 mi🥘Così
    • 0.1 mi☕️Starbucks Coffee
    • 0.1 mi🥘Emporium Brasil Restaurant
    • 0.11 mi🥘Connolly's
    • 0.12 mi🥘Urban Space
    • 0.12 mi🥘China Moon
    • 0.12 mi🥘Sushi-tei
    • 0.12 mi🥘ammos estiatorio
    • 0.12 mi🍺Vander Bar
    • 0.12 mi🥘Katsuhama
    • 0.13 mi🍺Maggie's Place
    • 0.13 mi☕️Au Bon Pain
    • 0.14 mi☕️Starbucks
    • 0.15 mi☕️Cafe K
    • 0.15 mi☕️The Beer Bar Cafe Centro
    • 0.15 mi☕️Toasties
    • 0.15 mi🥘Grasp Grill
    • 0.16 mi☕️Starbucks Coffee
    • 0.16 mi☕️Cafe Metro
    • 0.16 mi🍺Forty Four
    • 0.16 mi🥘LA Fonda Del Sol
    • 0.16 mi🍺P.J. Moran's
    • 0.17 mi🚗Hippodrome Parking
    • 0.17 mi🥘Hatsuhana
    • 0.18 mi☕️Gregory Coffee
    • 0.18 mi☕️Starbucks
    • 0.18 mi🚇75th Avenue
    • 0.18 mi☕️Naples 45
    • 0.18 mi🚗Hippodrome Parking
    • 0.19 mi🥘Friday's
    • 0.19 mi☕️Andaz
    • 0.19 mi🥘Bobby Van's Steakhouse - Park Ave
    • 0.2 mi🥘Pera
    • 0.2 mi☕️Pret a Manger
    • 0.21 mi🥘Madison & Vine
    • 0.21 mi☕️Starbucks Coffee
    • 0.22 mi🥘Sushiden
    • 0.23 mi☕️Starbucks Coffee
    • 0.23 mi☕️Starbucks Coffee
    • 0.23 mi☕️Central Cafe
    • 0.23 mi🥘Pershing Square
    • 0.23 mi☕️Pret A Manger
    • 0.24 mi🍺Rooftop Bar
    • 0.24 mi🥘Bryant Park Grill
    • 0.24 mi☕️Starbucks
    • 0.24 mi🥘The Heavenly Burger
    • 0.24 mi☕️Starbucks Coffee
    • 0.24 mi☕️Financier
    • 0.25 mi🚌New York Airport Service
    • 0.25 mi☕️Breads bakery
    • 0.26 mi☕️Starbucks Coffee
    • 0.26 mi☕️Starbucks Coffee
    • 0.26 mi🥘Grand Central Place
    • 0.26 mi☕️Waffels and dinges
    • 0.26 mi🚇BDFM42nd Street - Bryant Park
    • 0.26 mi🚇S456742nd Street-Grand Central
    • 0.27 mi☕️Le Pain Quotidien
    • 0.27 mi☕️Starbucks Coffee
    • 0.28 mi🥘Brasserie Ruhlman
    • 0.29 mi🚇BDFM47th-50th Streets - Rockefeller Center
    • 0.29 mi🥘Maloney & Porcelli
    • 0.29 mi☕️Southwest Porch
    • 0.29 mi🥘Salute
    • 0.29 mi🍺BXL Cafe
    • 0.29 mi🥘Bill's Bar & Burger
    • 0.3 mi🍺The Wheeltapper Pub
    • 0.3 mi☕️Cofeed
    • 0.3 mi🥘The Lambs Club
    • 0.3 mi🥘Bill's Bar & Burger
    • 0.3 mi🥘Tender
    • 0.31 mi☕️Market Cafe
    • 0.31 mi🍺Haven Rooftop Bar
    • 0.31 mi🍺Jimmy's Corner
    • 0.31 mi🥘Del Frisco's
    • 0.31 mi🥘Curry and Tandoor
    • 0.31 mi☕️Le Pain Quotidien
    • 0.31 mi🍺O'Lunney's
    • 0.31 mi🥘Udon West
    • 0.32 mi🥘Del Frisco's
    • 0.32 mi🥘Darbar
    • 0.32 mi☕️Starbucks Coffee
    • 0.32 mi🥘St. Andrew's
    • 0.32 mi☕️FIKA Grand Central
    • 0.32 mi🍺The Shakespeare
    • 0.33 mi🥘Aretsky's Patroon
    • 0.33 mi☕️Mangia Organic
    • 0.33 mi☕️Cafe Metro
    • 0.33 mi🥘Bond45
    • 0.34 mi🥘Tony's
    • 0.34 mi☕️Macchiato Espresso Bar
    • 0.34 mi☕️FIKA Bryant Park
    • 0.34 mi🥘Roti
    • 0.34 mi🍺EVR NYC
    • 0.34 mi🥘Havana Central
    • 0.34 mi🥘Virgil's Real BBQ
    • 0.34 mi🍺Park Avenue Tavern
    • 0.34 mi🥘Teresa's
    • 0.35 mi🥘Chopt
    • 0.35 mi☕️Dunkin' Donuts
    • 0.35 mi🥘Bierhaus
    • 0.36 mi🥘Ootoya
    • 0.36 mi🥘Brooklyn Diner - Time Square
    • 0.36 mi🥘44th Street Minar
    • 0.36 mi🥘Planet Hollywood
    • 0.36 mi🍺Blaggards Pub
    • 0.36 mi🥘Mexicue
    • 0.36 mi☕️Moonstruck
    • 0.36 mi🥘The Australian
    • 0.37 mi☕️Starbucks Coffee
    • 0.37 mi🥘Buca di Beppo
    • 0.37 mi🥘San Martin
    • 0.37 mi🍺Silverleaf Tavern
    • 0.38 mi🥘The National
    • 0.38 mi🥘Gourmet 45
    • 0.38 mi🚇S42nd Street -Times Square
    • 0.38 mi🍺21 Club
    • 0.38 mi🥘Friday's
    • 0.38 mi🥘Sushiden
    • 0.38 mi🍺The Perfect Pint
    • 0.39 mi🥘Cafe China
    • 0.39 mi🥘Scotty's Dinner
    • 0.39 mi🥘House of Lasagne
    • 0.39 mi🥘Capital Grille at Time-Life
    • 0.39 mi🥘Sinigual
    • 0.4 mi🥘Ted's Montana Grill
    • 0.4 mi🥘The Counter
    • 0.4 mi🥘Bubba Gump Shrimp Co.
    • 0.4 mi🥘New York Luncheonette
    • 0.4 mi🥘Iroha
    • 0.4 mi🚇651st Street
    • 0.4 mi🚇NQRW42nd Street - Times Square
    • 0.41 mi🥘Hard Rock Cafe
    • 0.41 mi🥘Heartland Brewery
    • 0.41 mi☕️Europa Cafe
    • 0.41 mi🥘Luke's Lobster
    • 0.41 mi🥘Sparks Steak House
    • 0.41 mi🥘Comfort Diner
    • 0.41 mi🥘Burger Heaven
    • 0.41 mi☕️Le Pain Quotidien
    • 0.41 mi🚇EM53rd Street-5th Avenue
    • 0.41 mi🥘Ruby Tuesday
    • 0.42 mi🥘Fogo de chao
    • 0.42 mi☕️Aroma Espresso Bar
    • 0.42 mi🥘Salvation Taco
    • 0.42 mi🥘The Modern - The Bar Room
    • 0.43 mi🥘Carmine's
    • 0.43 mi🥘Four Seasons
    • 0.43 mi🥘Osteria Laguna
    • 0.43 mi🍺POD 39 Rooftop
    • 0.43 mi🥘Smith & Wollensky
    • 0.43 mi☕️Pret a Manger
    • 0.43 mi🥘Blue Fin
    • 0.43 mi🚇12342nd Street - Times Square
    • 0.43 mi🚇12342nd Street - Times Square
    • 0.44 mi🚇NRW49th Street
    • 0.44 mi🚇12342nd Street - Times Square
    • 0.44 mi🍺The Ginger Man
    • 0.44 mi🚇12342nd Street - Times Square
    • 0.44 mi🚗Alpha Garage
    • 0.44 mi🥘Red Lobster
    • 0.44 mi🥘Roast Chicken
    • 0.44 mi🥘Le Bernardin
    • 0.44 mi☕️Java Detour
    • 0.45 mi🚇742nd Street - Times Square
    • 0.45 mi🥘The Playwright
    • 0.45 mi☕️Le Pain Quotidien
    • 0.45 mi☕️Ben&jerry
    • 0.45 mi🥘Junior's
    • 0.45 mi🥘The View Restaurant & Lounge
    • 0.45 mi🥘Pampano
    • 0.45 mi☕️Kellogg´s Cafe
    • 0.46 mi☕️Starbucks Coffee
    • 0.46 mi☕️FIKA 52 & LEX
    • 0.46 mi🥘TGI Fridays
    • 0.46 mi☕️Starbucks Coffee
    • 0.47 mi🥘Keens Steakhouse

    Neighborhood

    Madison Avenue

    Stretching from Madison Square to East Harlem, Madison Avenue is one of the most iconic streets in America and has been home to some of the country’s most influential businesses. Madison Avenue has been closely associated with the luxury and advertising world for the past century, but the Don Drapers of the world no longer dominate the area. Madison Avenue offices are home to international retail brands, law firms, creative agencies, hedge funds, consulting firms, and tech startups. Options include long-term rentals, short-term leases, coworking, and shared offices.

    Stretching about 6 miles North to South, Madison Avenue brings you close to dozens of popular neighborhoods and landmarks, including the Flatiron District, the Empire State Building, Grand Central Station, Bryant Park, Murray Hill, Rockefeller Center, Midtown East, Park Avenue, the Upper East Side, and East Harlem. However, the standard Fifth/Madison submarket stretches from around 47th Street in the South to 65th Street, with Sixth Avenue and Madison serving as the East-West borders.

     

    Madison Avenue Office Space | Lease Data & Trends

    The Fifth/Madison Avenue market is one of the premium submarkets in Manhattan, with more than 24 million square feet of easily accessible office space. The average rent price for Madison Avenue office space is $99 per square foot, among the highest rates in NYC. For office leases in Class A buildings, that average rent price rises to $105 per square foot. The high price is due to the quality of buildings, and high foot traffic that is crucial to retail brands.

    One of the many perks of renting office space on Madison Avenue is the community’s commitment to keeping the street clean and beautiful. The Madison Avenue Business Improvement District has committed to helping property owners maintain a litter and graffiti-free environment, with a professional cleaning crew supporting the Department of Sanitation’s efforts to collect garbage, line and empty trash bins, remove snow from sidewalks, and remove stickers and flyers. The group has also led a local beautification initiative, planting dozens of trees along the street.

    Popular office buildings include 11 East 44 Street, 350 Madison Avenue, and 340 Madison Avenue.

     

    Transportation: Getting to, From, and Around Madison Avenue

    Given its location in the heart of Manhattan, we don’t recommend trying to drive near or around Madison Avenue (if you must, brace yourself for traffic, and factor parking into your budget). Office tenants instead can take advantage of a range of public transit options, along with protected bike lanes in Central Park and along 1st and 2nd Avenues.

    Employees based in Queens or North Brooklyn can bike across the Queensboro Bridge, and Roosevelt Island residents can take the train or tram. There are a dozen CitiBike docking stations within the Fifth/Madison submarket, with many additional stations on Park and Lexington Avenues.

    The Lexington Avenue line (4 and 5 express trains, 6 local) runs parallel to Madison Avenue, and the newly completed Q train extension runs through the Upper East Side. Offices located closer to Midtown have more extensive transit options, including the F, M, N, Q, R, and W trains, local and express buses, and Metro-North trains that run from Westchester, Putnam, and Dutchess Counties and areas in Connecticut to Grand Central Station.

     

    Why Employees Love the Fifth/Madison Area

    In addition to plenty of transit options and proximity to Central Park, The Madison Avenue area offers hundreds, if not thousands, of restaurants, coffee shops, and bars for employees and clients to enjoy within walking distance. Our brokers are particularly fond of Viand, Little Collins, and Amali. Employees are also a short walk from the Museum of Modern Art, Metropolitan Museum of Art, the Frick Museum, and the Transit Museum.
     

    Busy Madison Avenue Aerial ViewMadison Avenue Building View From GroundMadison Avenue Straight ahead view on street

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