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500 Seventh Avenue

500 Seventh Avenue
New York, NY 10018
Office, Retail, Leasing/Rental, Ground Lease

The 17-story, 606,000-square-foot office and retail building at 500 Seventh Avenue in Manhattans Garment District is leased by the Chetrit Group and the Moinian Group. Solil Management owns the ground underneath, meaning that Chetrit and Moinian rent control of the building from Solil.

Floors of the Depression-era building run to around 28,000 square feet, though there are units available for rent that are less than half that size. Chetrit, which operates 500 Seventh Avenue, renovated its lobby and installed new elevators as well as 24-hour access.

Its tenants include Touro College, which leased 57,000 square feet in December 2014, and was in advanced discussions then for an additional 230,000 square feetshould the college sign for that extra space, it would occupy nearly half of the Class B building. AlleyNYC, a manager of co-working spaces, also rents offices at 500 Seventh, and FedEx leases its ground-floor retail space.¾-TA

  • Year Built 1921
  • square feet 600,000
  • block and lot 1-00787-0040
  • BIN 1014459
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 60,000
notes
The women's and children's apparel company signed a lease for the Garment District space.
  • Event Retail Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 510
notes
The restaurant signed a lease for the Garment District building.
  • Event Financing
  • Address 500-512 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 606,078
  • Price $ 375,000,000
  • Publication Date 06/04/2018
  • Event Date 05/31/2018
  • Party 1 Moinian Group, Chetrit Group, Minskoff Equities
  • Party 2 American International Group
notes
The ownership secured a $375 million refinancing loan for the Garment District office complex.
  • Event Office Leasing
  • Address 500-512 Seventh Avenue
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 250,000
notes
The coworking giant inked a 20+-year lease in the Midtown South building.
  • Event Financing
  • Address 500-512 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 1,200,000
  • Price $ 216,700,000
notes
The JV secured a $216.7 million two-year, CMBS extension loan.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 57,000
  • Price $ 600,300
  • Price per foot $ 500.00
  • Publication Date 01/01/2015
  • Event Date 11/22/2014
  • Party 1 Touro College
  • Party 2 Chetrit Group
notes
The Jewish-sponsored private school signed a lease to occupy two floors, and is in advanced talks for an extra 230,000 square feet of space.
  • Event Office Leasing
  • Address 500-512 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 50,000
  • Publication Date 05/01/2008
  • Event Date 03/17/2008
  • Party 1 iVillage
  • Party 1 Broker David Rosenbloom
  • Party 2 Flack + Kurtz
  • Party 2 Brokerage JLL
  • Party 2 Broker John Ryan, J. Lapham
notes
The engineering firm inked a sublease for the 14th floor. The reported asking rent was $55 per square foot. The company is relocating from three floors at 475 Fifth Avenue.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 26,000
  • Price per foot $ 55.00
notes
The apparel manufacturing company signed a 10-year lease for space.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 24,049
notes
The women's clothing firm took space in the building.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 11,200
notes
The engineering and design firm took space in the building.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 11,200
notes
The architectural, engineering and consulting firm took space.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 11,200
  • Price per foot $ 30.00
  • Publication Date 06/01/2006
  • Event Date 04/22/2006
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Matthew Feigen, Michael Dreizen
  • Party 2 Mystic Apparel
  • Party 2 Brokerage Adams & Company
  • Party 2 Broker David Menaged
notes
The designer and manufacturer of junior's and women's swimwear signed a 10-year lease for space in the 18-story, 677,500 square foot building.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 11,200
  • Publication Date 05/01/2006
  • Event Date 03/22/2006
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Matthew Feigen
  • Party 2 Dima Jewelry
  • Party 2 Brokerage Hunter Realty
  • Party 2 Broker Bret Varricchio, Richard Gottlieb
notes
Jeweler signs 10-year lease, expands from 3,000 square feet at 1200 Sixth Avenue.
  • Event Office Leasing
  • Address 500 Seventh Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 25,249
  • Publication Date 08/01/2005
  • Event Date 06/22/2005
  • Party 1 Brokerage Cassidy Turley
  • Party 1 Broker Mark Furst, John Grotto
  • Party 2 ForsidePlus U.S.A.
  • Party 2 Brokerage Elite Property Group
  • Party 2 Broker Elliot Warren
notes
Wireless technology co. subleases full floor