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731 Lexington Avenue

Bloomberg Tower

New York, NY 10022

  • ~$60/sqft

Sample Units

UnitSizePriceInquire
Small2,500 sqft$12,500 /mo est
Medium5,000 sqft$25,000 /mo est
Large10,000 sqft$50,000 /mo est
Whole Floor20,000 sqft$100,000 /mo est
  • 0.27 mi🚇JKosciuszko Street

Building Details

  • Owner/Leasing ManagerVornado Realty Trust
  • Floors54
  • ArchitectCesar Pelli & Associates
  • Walk Score®82
  • Year Built2005
  • Noise Index0.53
  • Notable TenantsBloomberg L.P.

Completed in 2005, The Bloomberg Tower is located on 731 Lexington Avenue, New York, NY 10022 by the corner of 58th Street and Lexington Avenue. The structure is quite sizable, features over 1,300,000 square feet in office space for lease, and stands tall at 54 floors. As a relatively new building, tenants benefit from having true class A office space and great technical support. The structure sits in the heart of Midtown and subsequently benefits from some of New York’s best amenities. In addition to hundreds of restaurants in close proximity, 731 Lexington Avenue benefits from being close to to green, orange, and blue MTA subway lines. The Bloomberg Tower also stands in the heart of a central business district, making it ideal for organizations needing closeness to partner firms or clients. The structure serves many different purposes, with office, residential, and retail space for lease. Bloomberg Tower occupies a full city block on Lexington Avenue and features two towers built above a steel office and retail section which are separated by a seven story atrium. The residential portion of the complex is referred to as One Beacon Court and has a separate entrance dedicated for its tenants. The building was originally intended to be fully residential, but Bloomberg negotiated a deal with developer Vornado Realty Trust to consolidate its operations near the base of the tower.

Neighborhood

Brooklyn

Manhattan has some serious competition from Brooklyn in the world of commercial real estate. Aggressive developments in the so-called Brooklyn Triangle, which includes DUMBO, Downtown Brooklyn (DoBro), and the Navy Yard are starting to yield fruit in the form of diverse commercial space for lease. Look no further than unicorns like Etsy taking modern, perk-filled expanses on Adams Street in DUMBO, or companies like advertising giant HUGE and dating app HowBoutWe continuing to hunker down under the bridges.

Beyond the triangle, neighborhoods like Greenpoint and Williamsburg, known for industrial space and vibrant residential life, are emerging as major players on the commercial scene as well. For companies in advertising and media, the synergies aren't surprising. Large, open spaces. Exposed brick. The Northside Media Festival, billed as the baby SXSW. More supply hitting the market and favorable rents (compared to parts of Manhattan). The ingredients are set for an upstart commercial contender. Companies like Kickstarter, Bustle and unicorn VICE got the memo long ago. Who will be next?

Venturing to Brooklyn’s southern reaches, find Sunset Park, an historically diverse residential neighborhood now inviting some surprise commercial tenants to a resurgent Industry City. Time Inc. was impressed enough to forsake the convenience of Midtown Manhattan to take up residence as Sunset Park’s leading commercial tenant. Although the Brooklyn Nets might have something to say about that.

Even neighborhoods known to be reliably appealing residential destinations are getting startup fever. Park Slope, Fort Greene, and Gowanus are springing co-working spaces left and right.

So you see: something is happening in Brooklyn.

Will you be part of it?

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