724 5th Avenue
New York, NY 10019
- 5,479 - 5,633 sqft
- $33,330 - $34,267 /mo est
|6th Floor||5,479 sqft||$33,330 /mo est|
|6th Floor||5,633 sqft||$34,267 /mo est|
|6th Floor||5,633 sqft||$34,267 /mo est|
- 0.15 mi🚗Alpha Garage
- 0.16 mi🚇EM53rd Street-5th Avenue
- 0.18 mi🚇F57th Street
- 0.18 mi🚇NRW5th Avenue – 59th Street
- 0.34 mi🚗Icon
- 0.34 mi🚇NQRW57th Street-7th Avenue
- 0.35 mi🚇45659th Street
- 0.36 mi🚗Champion
- 0.37 mi🚇EM53rd Street-Lexington Avenue
- 0.37 mi🚇NRW59th Street-Lexington Avenue
- 0.39 mi🚇BDE7th Avenue
- 0.41 mi🚇651st Street
- 0.42 mi🚇BDFM47th-50th Streets - Rockefeller Center
- 0.45 mi🚇F QLexington Avenue-63rd Street
- 0.45 mi🚌bus m101
- Owner/Leasing ManagerSL Green Realty Corporation
- Height158 feet
- ArchitectSeverance & Van Alen
- Walk Score®98
- Year Built1923
- Noise Index0.84
The J.M. Gidding & Company Building is located on 724 Fifth Avenue, New York, NY 10019, between 56th and 57th Street. The structure was completed in 1923, tops out at 12 stories, reaches a height of 158 feet, and contains over 58,300 square feet of office space for rent. Because 724 5th Ave 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. The J.M. Gidding & Company Building has been renovated at numerous time throughout its tenure. 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. 724 Fifth Ave 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. The J.M. Gidding & Company Building 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 yellow, blue, and orange subway lines. These transportation options help make the building easily accessible.
Midtown is the epicenter of business in New York City, the beating heart of everyday professional life in Manhattan, the "Big Apple" everyone's talking about. In many ways, it's a microcosm of the city - its own ecosystem of interconnected businesses and neighborhoods. While it's most commonly associated with the modern marvel that is Times Square, there's more to Midtown than jam-packed sidewalks, throttling skyscrapers, and honking taxis.
This is the home of cool districts like Koreatown and Rose Hill, the patron of fine cultural institutions like the Museum of Modern Art (MoMA), the Scandanavian House, PierPont Morgan Library, and the Japan Society. Some of the best restaurants in the world hail from Midtown, like Thomas Keller's Per Se, Takayama's Masa, and Eric Ripert's Le Bernardin. Famed venues like the Ziegfeld Theatre movie palace, Carnegie Hall, and Radio City Music Hall never fail to charm. And we haven't even gotten to the shopping on 5th Avenue or the "Hamilton" craze on Broadway taking the world by storm. So you see, Midtown isn't all work and no play, but it does excel at work when you get down to it.
Midtown office space drives the commercial market in New York City. It isn't exactly cheap, coming at an average of $73/sqft, but its unbeatable public transit options and well-laid infrastructure still make it top dog for big businesses in need of office space for rent. As for the neighbors, take your pick. It's the media and advertising and financial capital of the world.