521 Fifth Avenue | The Real Deal New York

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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

02/05/19
...billion. The company is also poised to put 521 Fifth Avenue up for sale to fund its stock buyback program. SL Green bought the 37-story...

01/24/19
...Marc Holliday and 521 Fifth Avenue (Credit: SL Green and Google Maps) The former Lefcourt Building on Fifth Avenue just...

01/14/19
...put its stake in the office tower at 521 Fifth Avenue in New York on the market, as part of a push to sell $1.8 billion...

11/01/18
...put its stake in the office tower at 521 Fifth Avenue on the market, as part of a push to sell $1.8 billion in global real...

05/01/18
...521 Fifth Avenue, Jeff Jacobson and Jean Claude Basto A joint venture between LaSalle Investment Management and...

03/03/17
...last year. Starz will be moving offices from 521 Fifth Avenue, where it has around 12,400 square feet on the 19th floor, according to the publication...

10/04/16
...521 Fifth Avenue Broker-dealer KGS-Alpha Capital Markets is taking more than 20,000 square feet in SL Green Realty's...

...square feet, including 42,664 square feet of space at 521 Fifth Avenue and 43,294 square feet at 100 Park Avenue. And at the time of the REIT’s...

10/30/12
...Harmon and Adam Spies of Eastdil Secured and 521 Fifth Avenue (right) A partnership between Quantum Global Real Estate and LaSalle Investment Management has agreed...

05/30/12
...tapped to market a 49 to 80 percent share of 521 Fifth Avenue...

05/15/12
While retail rents have remained fairly stable across most of Manhattan, Crain’s cited a CBRE report that found asking rents along Fifth Avenue between 42nd...

03/16/12
...to 480,000 square feet; and SL Green Realty’s 521 Fifth Avenue, where the rentable area rose from 460,000 square feet to 490,000 square feet, data from CoStar...

03/07/12
...Fourteen months after acquiring the remaining stake in 521 Fifth Avenue, SL Green Realty has tapped Eastdil Secured brokers to shop a large portion of...

...In the first, Roseman represented SL Green Realty's 521 Fifth Avenue, which leased to Urban Outfitters. In the other deal, Roseman represented the co-op building...

...month, meanwhile, the landlord assumed full control of 521 Fifth Avenue, a 39-story Midtown office, by buying a 50 percent stake from the City Investment Fund...

01/07/11
...Green has acquired the remaining ownership interest in 521 Fifth Avenue, a 39-story office building with ground-floor retail space on the corner of 43rd Street...

10/20/10
...From left: Joanne Podell, 521 Fifth Avenue and 1515 BroadwayAfter an overall strong second quarter, Manhattan's prime shopping corridors showed mixed results...

01/19/10
...talks to lease former Circuit City space at 521 Fifth Avenue at 43rd Street for discount Rack store 4. National Association of Realtors releases free iPhone...

...marketing the space that Circuit City occupied at 521 Fifth Avenue on the corner of 43rd Street. The 26,000-square-foot space, on two floors, has a...

...Partners signed a lease for 6,600 square feet at 521 Fifth Avenue; Belluck & Fox signed a lease for 11,700 at 546 Fifth Avenue and Hiscock & Barclay...

...square foot, according to the New York Sun. 521 Fifth Avenue could fetch $250M The 40-story 521 Fifth Avenue could fetch as much as $250 million, the...

01/04/06
...How luxury condos affected 2005 prices more 2. 521 Fifth Avenue may sell more 3. 29 W. 57th Street coming on market for $50M more 4. More on...

10/26/05
...The 40-story 521 Fifth Avenue could fetch as much as $250 million. CB Richard Ellis recently started the marketing for...
  • 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
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.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 8,224
notes
The real estate company inked a five-year lease renewal for the entire 23rd floor.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 5,585
  • Publication Date 12/01/2006
  • Event Date 10/22/2006
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 Hiscox
  • Party 2 Brokerage CBRE
notes
The UK-based specialty insurer inked a lease for entire 38th floor for seven years and five months.
  • Event Office Leasing
  • Address 521 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 20,426
notes
The executive search firm inked a 10-year lease for its New York headquarters in the 39-story, 459,566-square-foot office tower.
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