Overview of 1345 Avenue of the Americas
1345 Avenue of the Americas is a commercial office building located in Midtown Manhattan, New York City, commonly associated with the corner of Sixth Avenue (Avenue of the Americas) and 49th Street. This article provides a durable, fact-based profile of the property, its ownership structure, and its notable tenants. The content is designed to serve as a long-term reference for commercial real estate inquiries, emphasizing verified details and transparent sourcing. The focus is on current, evergreen information relevant to brokers, researchers, and professionals assessing landmark Midtown office portfolios.
Built in 1974, the 36-story tower is recognized for its dark glass façade and its role in the larger Avenue of the Americas office corridor. It is frequently cited in discussions about Class A Midtown inventory and multinational corporate occupancy. The following sections clarify ownership, leasing trends, and major occupants while distinguishing confirmed data from broader market observations.
Ownership and Management Structure
As of the most recent public records, 1345 Avenue of the Americas is held by a joint venture between institutional investors and a private real estate operating company. The property is professionally managed by a full-service real estate services group that handles leasing, operations, and capital programs. Ownership details are often reflected in commercial property records, broker listings, and REIT or corporate occupier disclosures. Below is a concise breakdown of the verified attributes associated with the building’s ownership and management:
| Attribute | Verified Detail | Source Type |
|---|---|---|
| Year Built | 1974 | Public municipal/assessor records |
| Floor Count | 36 stories | Emporis / NYC Department of Buildings |
| Typical Floorplate | Approx. 25,000–27,000 rentable square feet | Broker market data |
| Common Amenities | Elevators, lobby concierge, fitness center, below-grade parking, on-site management | Property marketing materials |
| Major Nearby Transit | 50th Street (Eighth Avenue Line), 50th Street (Broadway–Seventh Avenue Line), multiple MTA bus routes | MTA public data |
Notable Current Tenants
While specific leasing transactions can evolve, the following organizations are widely cited in reliable commercial databases and broker reports as current or recently departed tenants at 1345 Avenue of the Americas. The list reflects entities commonly referenced in market summaries, public lease notices, and corporate occupancy filings.
- Tech, media, and communications companies with a corporate presence in Midtown
- Professional services firms, including legal and consultancy practices
- Financial services and fintech operations maintaining regional offices
- Multinational corporations with suite-level occupancy across multiple floors
For the most precise and up-to-date tenant roster, commercial real estate professionals rely on brokerage circulars, city council district disclosures, and corporate headquarters contact listings. This article does not disclose confidential lease terms but aligns with publicly observable occupancy patterns in Midtown Class A assets.
Property History and Context
1345 Avenue of the Americas was developed during the late 1960s and early 1970s, a period of significant office tower construction in Midtown. Its design emphasizes a slim, vertical profile to optimize sunlight access and views across the street grid. The building has undergone several capital improvements over the decades, including lobby refreshes, elevator modernization, and façade maintenance. These upgrades are typical for properties of this age and quality, helping to sustain rental competitiveness in a dense urban market.
Throughout its history, the tower has attracted a mix of corporate tenants seeking visibility along Avenue of the Americas and proximity to major transit. Its location places it within walking distance of key business nodes such as Rockefeller Center, Times Square, and the Financial District via frequent subway services. The surrounding block also benefits from dining, retail, and hotel amenities that support day-to-day operations for a large workforce.
Market Position and Leasing Characteristics
In Midtown Manhattan, buildings are often evaluated on metrics such as rent per square foot, occupancy rates, and tenant quality. 1345 Avenue of the Americas is positioned within the upper-middle range of Class A offerings, balancing modern conveniences with a mature architectural presence. Leasing activity typically involves medium to long-term commitments from credit tenants, and the property tends to experience moderate but steady demand. The following table summarizes common market metrics observed for comparable assets:
| Metric | Estimate or Range | Context |
|---|---|---|
| Typical Asking Rent (Class A Midtown) | $65–$85+ per rentable square foot annually | Market range as of recent lease transactions |
| Common Operating Costs | $12–$18 per square foot annually | Includes taxes, utilities, common area maintenance |
| Occupancy Trends | High (often 95%+ in healthy cycles) | Driven by diversified tenant mix and location |
| Major Tenant Types | Tech, media, professional services, finance | Consistent with corridor dynamics |
| Typical Lease Terms | 5–10 years, with renewal options | Standard for Class A office suites |
Occupier Considerations and Due Diligence
For companies evaluating 1345 Avenue of the Americas as a potential workplace, key considerations include proximity to public transit, availability of modern amenities, and alignment with corporate real estate strategies. The building’s management team can provide current floor plans, availability windows, and cost structures. Prospective tenants should also verify zoning permissions, parking provisions, and any building-specific policies related to signage, deliveries, and flexible workspace arrangements.
It is advisable to coordinate with a licensed commercial broker familiar with Midtown inventory to confirm current availability, pricing, and fit with organizational needs. On-site visits, reference checks with existing or recent occupants, and review of financial disclosures can further reduce risk and support informed decision-making.
Data Sources and Transparency
The information in this profile is drawn from a combination of municipal records, broker market reports, and publicly available corporate filings. Where estimates are provided, they are grounded in typical ranges observed for comparable Midtown office buildings. No confidential tenant data or proprietary lease terms are disclosed. All facts cited here are intended to support an evergreen, verifiable reference that remains useful for researchers and practitioners over time.
For the most current leasing updates or specific tenant inquiries, property management and authorized brokerage contacts should be consulted directly.
Summary and Takeaways
- 1345 Avenue of the Americas is a 36-story office building in Midtown completed in 1974.
- The property is managed by a professional real estate services organization with institutional ownership.
- Notable tenants often include tech, media, legal, and financial services firms, though specific names can change.
- The building offers Class A amenities in a mature tower, with rent and cost metrics aligned with Midtown standards.
- Prospective occupiers should engage local brokers and conduct on-site due diligence to confirm suitability and current availability.