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Mastercard Nearly Triples NYC Presence with New Tech Hub

Gov. Andrew Cuomo announces Mastercard will expand to a new Fifth Avenue location in the Flatiron District, creating 473 tech jobs by 2024.

By Betsy Kim | Updated on November 30, 2017

Mastercard will expand, moving to 150 Fifth Ave. in mid-2019./ Photo credit: Alan Schindler

NEW YORK CITY—Mastercard is expanding its New York City Technology Hub, leasing the entire 212,000 square-foot, 11-story building at 150 Fifth Avenue. The global payment company is relocating its employees, currently occupying 80,000 square feet on four floors of office space at 114 Fifth Avenue. Both properties are owned by L&L Holding Company.

The project is expected to create 473 new technology-related jobs by 2024, while Mastercard will also retain more than 250 existing research and development and tech jobs in New York City, according to Gov. Andrew Cuomo.

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