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Class B Office Units

115 5th Ave, New York, NY 10003

For Lease
Contact for pricing

Corner positioning near Union Square connects the property with subway service, retail, and dining options.

Space SizeContact for details
Days on Market55

Property Features for 115 5th Ave

General Information

Standard status Active
Class B
Property subtype Office

Site & Location

Neighborhood Downtown
Public Transit Yes

Spaces For Lease

at 115 5th Ave Contact us

#1 Active

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#6th Floor Active

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Listing Agency: RI Manhattan Realty
Listed By: Robert Isaacs
Source: Crexi
Added: Sep 17 Changed: Nov 8 Last Checked: Nov 8 at 2:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RI Manhattan Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Class B office units are located at 115 5th Ave in Manhattan’s Flatiron District. The property occupies the corner of Fifth Avenue and East 19th Street, with potential use for office, retail, or showroom purposes.

Union Square is nearby, and the surrounding area includes retail and dining options. Multiple subway lines serve the area, with bus routes also running along Fifth Avenue.

Key Highlights

  • Corner location at Fifth Avenue and East 19th Street
  • Office units with potential for retail or showroom use
  • Near Union Square, with multiple subway lines and Fifth Avenue bus service

Property Analytics

Current Use

Russell Design Marketing & Advertising Perkins Eastman Architecture Firm MultiPlan Inc Corporate Office Kliment Halsband Architects Architect BFJ Planning Urban Planning Department

Suggested Use

Top Pick Nursing Home Auto Parts Store Buffet Auto Repair Shop Pet Grooming Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

51,396
Businesses Nearby

Demographics for 10003, NY

57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value

Market

Lease Benchmarks for New York, NY

$47.87 /SF/Yr
Avg Asking Price
$11.91–$109 /SF/Yr
Price Range
12,698 SF
Avg Space Size

Properties on Market for Office Units in New York

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Corner positioning near Union Square connects the property with subway service, retail, and dining options.
Where is this office unit located?
The property is located at 115 5th Ave New York, NY.
What are key features of this property?
This property features: Corner location at Fifth Avenue and East 19th Street; Office units with potential for retail or showroom use; Near Union Square, with multiple subway lines and Fifth Avenue bus service
(917) 346-6517 Call to check price and availability
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