Republic Point$61.50 – $74.87/SF/yr FS
79 Park Ave
91,600 SF of Office space available at 79 Park Ave, New York, NY 10003. For Lease through Meridian Realty Partners.
For LeaseStatus
91,600 SFAvailable
$89.00/SFAsking rent
1959Year built
BClass
Property facts
| Property type | Office |
|---|---|
| Building class | B |
| Rentable area | 321,000 SF |
| Available | 91,600 SF |
| Stories | 12 |
| Year built | 1959 |
| Renovated | 2014 |
| Typical floor | 26,750 SF |
| Lot size | 0.51 acres |
| Parking ratio | 1.4/1,000 SF |
| Occupancy | 71.5% |
| Zoning | C6-4 |
| Parcel ID | 68-720-2796 |
| Submarket | Gramercy |
| Market | New York City |
| Days on market | 401 |
| Walk Score | 72 |
| Transit | DART station 4 min |
| Listing package | Basic |
Building amenities
Energy Star, LEED Gold, Conference Facility, Security System
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 9th | Off/Ret | Direct | 14,740 – 24,950 | $86.17/SF | Negotiable | Vacant |
| P 6th | Medical | Direct | 3,270 – 7,380 | On request | Negotiable | Vacant |
| P 1st | Office | Sublet | 59,270 | $74.69/SF | Thru Mar 2030 | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Hudson Asset Management | Professional Services | 3 | 15,800 | 2026-05-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2023-12-15 | $94.56M | $294.59 | 6.55% | Greystone Holdings | Northstar REIT |
| 2022-01-17 | $73.67M | $229.51 | 5.04% | Redwood Property Trust | Potomac Realty Trust |
| 2021-07-14 | $37.37M | $116.42 | 6.23% | Juniper Real Estate | Halcyon Property Trust |
Public record
| Owner of record | Pemberton Capital LLC |
|---|---|
| Assessed value | $70.44M |
| Land value | $11.86M |
| Improvement value | $58.58M |
| Annual tax | $898K |
| Tax year | 2026 |
| Lot size | 22,215 SF |
| Last deed | 2016-11-27 |
| Deed type | Warranty Deed |
| Legal description | LOT 10 BLK 587 GRAMERCY ADDN |
Location
79 Park Ave
New York, NY 10003
Gramercy submarket · New York City market
40.73401, -73.98852
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