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71 West 47th Street

Plaza District

New York, NY 10036

  • inquire for pricing

Building Details

  • Attended Lobby✔︎
  • Turnstile✔︎
  • 24/7 Access✔︎
  • Walk Score®100
  • Noise Index0.67

Located in the Diamond District, 71 West 47th Street features tiered architecture, red brick, and fiber connectivity. The building, also known as the Federation Building, was constructed in 1928 and stands 16 floors tall.
71 West 47th Street is centrally located between some of New York Citys top attractions. Just a few blocks to the north is Rockefeller Center, which is particularly beautiful in the winter months. To the east is Grand Central Station, a major transportation hub. Bryant Park offers an outdoor retreat to the south, and, finally, to the west is arguably the most iconic area of Manhattan, Times Square.

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  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.06 mi☕️Pret A Manger
    • 0.08 mi🥘Emporium Brasil Restaurant
    • 0.11 mi🚇BDFM47th-50th Streets - Rockefeller Center
    • 0.12 mi☕️FreeFoods
    • 0.13 mi🥘Del Frisco's
    • 0.14 mi🥘Friday's
    • 0.14 mi🥘Tender
    • 0.15 mi☕️Toasties
    • 0.15 mi🍺Haven Rooftop Bar
    • 0.15 mi☕️Starbucks Coffee
    • 0.16 mi☕️Cafe K
    • 0.16 mi🍺Forty Four
    • 0.16 mi🚗Hippodrome Parking
    • 0.16 mi☕️Gregory Coffee
    • 0.17 mi🍺P.J. Moran's
    • 0.17 mi🥘China Moon
    • 0.17 mi🥘Brasserie Ruhlman
    • 0.18 mi☕️Starbucks Coffee
    • 0.18 mi🥘St. Andrew's
    • 0.18 mi☕️europa cafe
    • 0.18 mi🥘Sushi-tei
    • 0.18 mi🥘Katsuhama
    • 0.18 mi🥘Connolly's
    • 0.19 mi🥘Del Frisco's
    • 0.19 mi🍺O'Lunney's
    • 0.19 mi🥘Havana Central
    • 0.19 mi🚗Hippodrome Parking
    • 0.19 mi🥘Grasp Grill
    • 0.2 mi🥘Wolfgang's Steakhouse
    • 0.2 mi🥘Sushiden
    • 0.2 mi🥘Hatsuhana
    • 0.2 mi🥘Teresa's
    • 0.2 mi🍺Maggie's Place
    • 0.21 mi🥘Bill's Bar & Burger
    • 0.21 mi☕️Au Bon Pain
    • 0.22 mi🥘Bond45
    • 0.22 mi🥘The Lambs Club
    • 0.22 mi🥘Capital Grille at Time-Life
    • 0.22 mi🥘Sushiden
    • 0.22 mi🍺Jimmy's Corner
    • 0.22 mi🥘Ted's Montana Grill
    • 0.22 mi🥘Iroha
    • 0.23 mi☕️Starbucks Coffee
    • 0.23 mi🥘Planet Hollywood
    • 0.23 mi🥘Friday's
    • 0.23 mi🍺BXL Cafe
    • 0.24 mi🥘Buca di Beppo
    • 0.24 mi🍺Mad 46
    • 0.24 mi☕️Pret a Manger
    • 0.24 mi☕️Starbucks
    • 0.25 mi🥘Virgil's Real BBQ
    • 0.25 mi☕️Starbucks Coffee
    • 0.26 mi🚇NRW49th Street
    • 0.26 mi🥘Bill's Bar & Burger
    • 0.26 mi🥘Tony's
    • 0.26 mi🥘Le Bernardin
    • 0.26 mi🚇BDFM42nd Street - Bryant Park
    • 0.27 mi🥘Roast Chicken
    • 0.27 mi🍺21 Club
    • 0.27 mi☕️Breads bakery
    • 0.27 mi🥘Così
    • 0.27 mi🥘The Playwright
    • 0.27 mi🚇75th Avenue
    • 0.27 mi☕️Starbucks Coffee
    • 0.27 mi🥘Blue Fin
    • 0.27 mi🥘TGI Fridays
    • 0.27 mi☕️Waffels and dinges
    • 0.28 mi☕️Starbucks Coffee
    • 0.28 mi🥘Brooklyn Diner - Time Square
    • 0.28 mi☕️Kellogg´s Cafe
    • 0.28 mi☕️Starbucks Coffee
    • 0.28 mi🍺Vander Bar
    • 0.29 mi🥘Fogo de chao
    • 0.29 mi🥘ammos estiatorio
    • 0.29 mi☕️Le Pain Quotidien
    • 0.3 mi🥘Urban Space
    • 0.3 mi🥘Bubba Gump Shrimp Co.
    • 0.3 mi🍺Caroline's on Broadway
    • 0.31 mi☕️Starbucks Coffee
    • 0.31 mi🥘The Modern - The Bar Room
    • 0.31 mi☕️Starbucks
    • 0.31 mi🍺Rooftop Bar
    • 0.31 mi☕️Cafe Metro
    • 0.31 mi🥘The View Restaurant & Lounge
    • 0.31 mi🥘Maloney & Porcelli
    • 0.31 mi☕️Cafe Edison
    • 0.31 mi🚇S42nd Street -Times Square
    • 0.31 mi🥘Hard Rock Cafe
    • 0.31 mi🥘Applebee's
    • 0.31 mi☕️Starbucks Coffee
    • 0.32 mi🥘Carmine's
    • 0.32 mi☕️Starbucks
    • 0.32 mi🚗Quik Park
    • 0.32 mi☕️The Beer Bar Cafe Centro
    • 0.32 mi🚇150th Street
    • 0.32 mi🥘Nanking
    • 0.32 mi☕️Ben&jerry
    • 0.32 mi☕️Europa Cafe
    • 0.32 mi☕️Andaz
    • 0.32 mi🥘Bryant Park Grill
    • 0.32 mi🥘Junior's
    • 0.33 mi🍺Rum House
    • 0.33 mi🚇EM53rd Street-5th Avenue
    • 0.33 mi🥘Bobby Van's Steakhouse - Park Ave
    • 0.33 mi🥘Ellen's Stardust Dinner
    • 0.33 mi☕️Southwest Porch
    • 0.33 mi☕️FIKA Bryant Park
    • 0.33 mi🥘Ootoya
    • 0.34 mi🥘LA Fonda Del Sol
    • 0.34 mi☕️Cofeed
    • 0.34 mi🚗Icon
    • 0.34 mi☕️Starbucks
    • 0.34 mi🥘The Counter
    • 0.35 mi☕️Le Pain Quotidien
    • 0.35 mi☕️Naples 45
    • 0.35 mi🥘Scarlatto
    • 0.35 mi🥘Burger Heaven
    • 0.35 mi🍺Hurley's
    • 0.35 mi🍺Connolly's
    • 0.35 mi🥘Mozzarella & Vino
    • 0.35 mi🥘Glass House Tavern
    • 0.36 mi🥘Aoki
    • 0.36 mi🍺Rosie O'Grady's Saloon
    • 0.36 mi🥘Trattoria Trecolori
    • 0.36 mi☕️Starbucks
    • 0.36 mi☕️Le Pain Quotidien
    • 0.37 mi🥘Pergola Des Artistes
    • 0.37 mi🥘Pera
    • 0.37 mi🥘Ruby Tuesday
    • 0.37 mi🥘Mexicue
    • 0.37 mi🥘Natsumi
    • 0.37 mi🚗Champion
    • 0.37 mi🚗Alpha Garage
    • 0.38 mi🥘La Messeria
    • 0.38 mi🥘Pongsri
    • 0.38 mi🥘Madison & Vine
    • 0.38 mi☕️Financier
    • 0.38 mi🍺The Mean Fiddler
    • 0.39 mi🥘Bistro Milano
    • 0.39 mi🥘Red Lobster
    • 0.39 mi🥘La Bonne Soupe
    • 0.39 mi🥘Il Corso
    • 0.39 mi🥘Benoit
    • 0.39 mi🚇12342nd Street - Times Square
    • 0.39 mi🚇12342nd Street - Times Square
    • 0.39 mi🚇12342nd Street - Times Square
    • 0.39 mi🚇NQRW42nd Street - Times Square
    • 0.39 mi☕️Starbucks Coffee
    • 0.39 mi🚇12342nd Street - Times Square
    • 0.4 mi☕️Mangia Organic
    • 0.4 mi☕️Starbucks
    • 0.4 mi🚇742nd Street - Times Square
    • 0.4 mi🚇BDE7th Avenue
    • 0.4 mi🍺Old Castle
    • 0.4 mi🥘Carve: Unique Sandwich
    • 0.4 mi🥘Franklin and Johnie's Steakhouse
    • 0.4 mi🍺Cassidy’s
    • 0.4 mi🥘Five Guys
    • 0.4 mi🥘Gallaghers Steakhouse
    • 0.4 mi🍺The Irish Pub
    • 0.4 mi🍺Whiskey Trader
    • 0.4 mi🥘Sammy's House Of BBQ
    • 0.4 mi🍺Playwright Celtic Pub
    • 0.41 mi🥘The Heavenly Burger
    • 0.41 mi🚗Icon
    • 0.41 mi🥘Daniela Trattoria
    • 0.41 mi☕️Café Metro
    • 0.41 mi🥘Heartland Brewery
    • 0.41 mi☕️Dough Doughnuts
    • 0.41 mi🥘John's Pizzeria
    • 0.41 mi🍺EVR NYC
    • 0.41 mi☕️Central Cafe
    • 0.41 mi🥘Pershing Square
    • 0.42 mi🥘Amorino Gelato
    • 0.42 mi🍺West End Bar & Grill
    • 0.42 mi🥘Roxy Diner
    • 0.42 mi🥘Dallas BBQ
    • 0.42 mi🍺Social Lounge
    • 0.43 mi🥘Times Square Diner e Grill
    • 0.43 mi☕️Starbucks Coffee
    • 0.43 mi🥘Sosa Borella
    • 0.43 mi🥘West End Bar & Grill
    • 0.43 mi🍺McHale's Pub
    • 0.43 mi🥘Kung Fu Little Steamed Buns
    • 0.43 mi☕️Starbucks
    • 0.43 mi🚌New York Airport Service
    • 0.43 mi🥘Menkui Teu
    • 0.43 mi🥘Joe's Shanghai
    • 0.44 mi🍺Bill's Gay Nineties
    • 0.44 mi☕️Carve Café
    • 0.44 mi☕️Starbucks
    • 0.44 mi🥘Beyond Sushi
    • 0.44 mi🚇CE50th Street
    • 0.44 mi🍺Russian Samovar Piano Bar & Restaurant
    • 0.44 mi☕️Starbucks
    • 0.45 mi🥘Five Guys
    • 0.45 mi☕️Starbucks Coffee
    • 0.45 mi🥘Patzeria Family & Friends
    • 0.45 mi🥘Chevys Fresh Mex
    • 0.46 mi🥘Carnegie Deli
    • 0.46 mi☕️Starbucks
    • 0.46 mi☕️Jamba Juice
    • 0.46 mi🥘Park Cafe
    • 0.46 mi🍺Russian Vodka Room
    • 0.47 mi🥘Le Parker Meridien Burger
    • 0.47 mi🍺Joe coffee
    • 0.47 mi🥘Qi Bangkok Eatery
    • 0.47 mi🥘Joe Allen
    • 0.47 mi☕️Starbucks
    • 0.48 mi🥘Fresh From Hell
    • 0.48 mi🚇ACE42nd Street - Port Authority Bus Terminal
    • 0.48 mi🥘Cosmic Diner
    • 0.48 mi☕️Starbucks
    • 0.48 mi🍺Birdland Jazz Club
    • 0.49 mi🥘Inakaya
    • 0.49 mi☕️Frisson Espresso
    • 0.49 mi🍺New York Beer Company
    • 0.49 mi🍺Beer Culture
    • 0.5 mi🥘Guy Kaku Japanese BBQ

    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 lease NYC 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.

    SquareFoot's NYC Market Report

     

    Plaza District Office Space | Lease Data & Trends

    The Plaza District sees a range of asking rents and holds a Class A average of more than $95 per square foot, around $10 per square foot more expensive than the Midtown average. Many upper floors — especially those with views of Central Park — 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 $140+ 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 About Plaza District Office Space for Rent

    Inventory stands at nearly 102,000,000 square feet, with vacancy around 10%. As some tenants such as Blackrock 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 East and Murray Hill.

     

    Plaza District 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 Midtown’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 work spaces, 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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