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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 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 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 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 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 3,707
    • 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 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 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 Office Leasing
    • Address 521 Fifth Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 12,394
    notes
    The programming production and distribution company, which includes the Film Roman, Anchor Bay Entertainment and Manga Entertainment brands, signed a new seven-year lease for its New York headquarters. The space, located on the 19th floor of the 39-story, 459,566-square-foot property, includes a terrace.
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