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521 Fifth Avenue

521 Fifth Avenue
New York, NY 10017
Website
Office, Leasing/Rental

521 Fifth Avenue, formerly known as the Lefcourt Building, is a 503-foot office skyscraper in Midtown, Manhattan near Bryant Park. Built in 1929, it was designed by Shreve, Lamb & Harmon Associates in the art deco style typical of the era. It contains 460,000 square feet of rentable space.

SL Green acquired the building in 2006 as part of a joint venture with The City Investment Fund LP. but eventually took complete control of the building in 2011. In 2012, SL Green announced the sale of a 49.5% equity interest at the tower to Plaza Global Real Estate Partners, a venture between Quantum Global Real Estate and LaSalle Investment Management, for $72 million. Current tenants include Equinox Fitness (26,000 square feet), Royal Healthcare (34,600 square feet), Mortgage Industry Advisory Corp (20,897 square feet), Urban Outfitters, and CFC Capital (10,640 square feet).

-WP

  • Year Built 1929
  • square feet 408,911
  • block and lot 1-01278-0001
  • BIN 1035355
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 17,500
notes
The insurance brokerage signed a 10-year lease for the Grand Central space.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 12,400
notes
The financial planner inked a 10-year lease for the Grand Central space.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 22,368
notes
The broker-dealer firm signed a lease.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 15,990
notes
The company renewed its lease on the entire 17th floor for 10 years.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 20,987
  • Publication Date 06/01/2014
  • Event Date 04/22/2014
  • Party 1 SL Green Realty
  • Party 2 RKF
  • Party 2 Brokerage CBRE
  • Party 2 Broker Brad Gerla
notes
The retail real estate brokerage signed an expansion lease for office space.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 21,677
notes
The legal recruiter signed a 10-year lease for the entire fifth floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 20,987
notes
The bank signed a 15-year lease for the entire 11th floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 21,700
  • Publication Date 04/01/2011
  • Event Date 02/20/2011
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Modis
  • Party 2 Brokerage CBRE
  • Party 2 Broker Sloane Rhulen
notes
The information technology staffing and recruiting firm signed a 10-year lease on the fourth floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,000
  • Publication Date 03/01/2011
  • Event Date 01/20/2011
  • Party 2 Sports Physical Therapy of New York
  • Party 2 Brokerage Colliers International
  • Party 2 Broker Donald Lutt, Andrew Boliek
notes
The physical therapy company signed a lease renewal.
  • Event Sales
  • Address 521 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 245,700,000
  • Publication Date 02/01/2011
  • Event Date 12/18/2010
  • Party 1 City Investment Fund
  • Party 2 SL Green Realty
  • Event Retail Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 32,000
notes
The fashion company signed a lease for multi-level retail space. The reported asking rent for 16,000 square feet on the ground floor was $350 per square foot; the ask on the second floor was $100 per square foot.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 6,590
notes
The private equity firm signed a 10-year lease for the entire 34th floor. The company relocated from 888 Seventh Avenue.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 20,987
  • Price per foot $ 50.00
  • Publication Date 08/01/2010
  • Event Date 06/22/2010
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Putney, Twombly, Hall & Hirson
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Melissa Bazar
notes
The law firm signed a 10-year lease renewal on the entire 10th floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 6,580
notes
The healthcare constituency relations provider renewed its lease and expanded on the entire 27th floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 17,538
notes
The communications firm inked a lease.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,494
  • Publication Date 11/01/2009
  • Event Date 09/22/2009
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 1 Broker David Turino
  • Party 2 United States Olympic Committee
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker John Picco
notes
The nonprofit inked a new lease for two years and nine months.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 6,600
  • Price per foot $ 75.00
notes
The law firm inked a 10-year lease for the entire 25th floor. The tenant is relocating from 90 Park Avenue.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 10,022
  • Price per foot $ 72.00
notes
The financial services firm inked a new 10-year lease for space on the 18th floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,246
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 SL Green Realty
  • Party 1 Brokerage CBRE
  • Party 1 Broker Sloane Rhulen
  • Party 2 Special Counsel
notes
The legal staffing company signed a five-year lease for space in the 39-story, 460,000-square-foot building.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,707
  • Publication Date 09/01/2007
  • Event Date 07/23/2007
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Purchasing Associates
notes
The furniture, fixtures and equipment purchasing agency signed a six-year lease.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 22,368
notes
The service provider to the health care industry signed an eight-year lease renewal for its space on the entire third floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 12,232
notes
The father-daughter wealth management team inked a 10-year, four-month lease for the entire 20th floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,494
  • Publication Date 07/01/2007
  • Event Date 05/22/2007
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Juniper Content Corporation
  • Party 2 Brokerage GVA Williams Real Estate
  • Party 2 Broker Seth Hecht, Mike Joseph
notes
The media and entertainment company inked a five-year lease.
  • Event Retail Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 25,850
  • Publication Date 07/01/2007
  • Event Date 05/22/2007
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Circuit City
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Jeffrey Roseman
notes
The electronics retailer inked a 15-year lease for a space that occupies part of the ground floor and the entire second floor. The asking rent was reported to be $350 per square foot on the ground floor and $100 per square foot on second floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 8,224
  • Publication Date 01/01/2007
  • Event Date 11/22/2006
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Loeb Realty Partners
  • Party 2 Brokerage Cushman & Wakefield
notes
The real estate company inked a five-year lease renewal for the entire 23rd floor.
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