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EliseAI Leases 109,000 Square Feet at Former Tiffany Building in New York

EliseAI plans to relocate its New York headquarters to 401 Fifth Avenue under a 10-year lease for approximately 109,000 square feet. The former Tiffany building is distinct from Tiffany’s current flagship.
From TheFinanceBase Team2 min to read
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EliseAI announced on January 20, 2026, that it signed a 10-year lease for approximately 109,000 square feet at 401 Fifth Avenue, where it plans to establish its New York headquarters. The building stands at Fifth Avenue and 37th Street. The announcement describes a planned relocation from 33 East 33rd Street; it does not establish that the move was complete by October 8, 2026.

Where is EliseAI moving its New York headquarters?

The new address is 401 Fifth Avenue, at the corner of Fifth Avenue and 37th Street in Manhattan. EliseAI said it signed the lease with The Chetrit Organization. The company described the property as an eight-floor, 240,000-square-foot building.

EliseAI’s previous New York office was at 33 East 33rd Street, according to Commercial Observer’s January 2026 report. The company’s announcement frames the lease as a relocation and an investment in its New York presence.

How big is EliseAI’s new office?

The company says it will occupy approximately 109,000 square feet—about 45% of the building’s stated 240,000-square-foot total. Commercial Observer characterized the space as roughly half the building. The figures are approximate, so the percentage is a useful scale comparison rather than a precise measurement of the leased share.

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The lease term is 10 years, as stated in EliseAI’s January 20, 2026 announcement, distributed by Business Wire.

Is this the former Tiffany building?

Yes. Commercial Observer identifies 401 Fifth Avenue as the former Tiffany & Company Building, designed in 1905 by McKim, Mead & White. It is not Tiffany’s present-day Fifth Avenue flagship at 727 Fifth Avenue.

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Tiffany’s official company history says its flagship moved to Fifth Avenue and 37th Street in 1905 and opened at 727 Fifth Avenue in 1940. The EliseAI lease concerns 401 Fifth Avenue, a different property.

What rent was reported—and what was not?

Commercial Observer reported an asking rent of $80 per square foot, attributing the figure to landlord broker Newmark. That is the reported asking price, not a confirmed rent in the signed lease. The sources reporting the deal do not state EliseAI’s executed rent, so the asking figure should not be used to calculate the company’s actual occupancy cost.

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Why did EliseAI describe the move as a growth investment?

In its January 2026 announcement, EliseAI said its AI agents automate housing-provider workflows across approximately one in six U.S. apartments and that it also serves healthcare providers nationwide. The company also reported more than 400 employees and recurring revenue growth of 100% or more year over year. These are company-reported figures, not independently audited measurements in the cited coverage.

Co-founder and CEO Minna Song said: “New York is very special to us; it’s where we started building EliseAI.” She added that the company chose a new home in the city because of its in-person culture and commitment to giving employees a place to collaborate and do their best work. Those comments and the operating figures appeared in the company’s January 20 announcement.

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Has EliseAI completed the move?

The January announcement describes a planned relocation, not a confirmed move-in date. The cited company release, contemporaneous commercial real estate report and company social post establish the lease announcement, but do not confirm that EliseAI had completed its move by October 8, 2026. A signed lease and a stated headquarters plan should not be treated as proof of occupancy.

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