New York, Jan 21 — EliseAI, the leading AI startup automating complex housing and healthcare systems, announced today the signing of a 10-year lease agreement with Chetrit Organization at 401 Fifth Avenue, establishing the building as its New York headquarters.
Located on the corner of Fifth Avenue and 37th Street, 401 Fifth Avenue is a landmark Midtown office building spanning eight floors and 240,000 square feet. EliseAI will occupy approximately 109,000 square feet, moving just a few blocks to expand its midtown New York headquarters more than 1.5x, reflecting its dynamic growth and long-term commitment to the city.
The company’s AI agents automate workflows for housing providers across approximately 1 in 6 apartments in the US and healthcare providers nationwide. With over 400 employees and growing recurring revenue 100%+ year over year, EliseAI has established itself as one of NYC’s most promising and fastest-growing tech companies.
“New York is very special to us; it’s where we started building EliseAI,” said Minna Song, EliseAI co-founder and CEO. “Choosing our new home here was critical due to our strong in-person culture and our commitment to creating a truly exceptional experience for our people to collaborate and do their best work. The new space will let us further scale our New York team, contribute to the city’s technology ecosystem, and build the next chapter of AI in housing and healthcare.”
Formerly the Tiffany & Co. building, the landmark 401 Fifth Avenue property was designed in 1905 by McKim, Mead & White. The building is a nationally recognized Stanford White landmark distinguished by its Italian Renaissance façade and historic Fifth Avenue presence.
“We are very pleased to welcome this prominent tenant to multiple floors of our Fifth Avenue property,” said Juda Chetrit and Michael Chetrit of The Chetrit Organization. “Their presence brings new energy to the corridor and underscores the continued transformation of the area, particularly as it emerges as a hub for innovative, AI-driven companies. With neighbors like Amazon, Fifth Avenue is clearly entering an exciting new chapter.”
EliseAI was represented by Evan Margolin, Valentin Stobetsky, Calum Waddell, Will McGarry and Hale King from JLL in the transaction. Chetrit Organization was represented by Brian Waterman, David Waterman and Alex Kesseler from Newmark, who serve as the exclusive leasing agents for the property.