Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    389 5Th Ave New York, NY 10016

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated office and showroom space in Midtown Manhattan.

    Property size:
    565 SF
    Lot size:
    0.37 Acres

    Property Features for 389 5Th Ave

    General Information

    Size
    565 SF
    Lot size
    0.37 Acres

    Source: Koeppel Rosen LLC Agent Max P. Koeppel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building on Fifth

    Constructed in 1922, this 12-story office building is located between the Grand Central and Nomad submarkets in New York City. The property offers 123,195 rentable square feet of office and showroom space. This corner building features windows on three sides and has been completely renovated, including a new lobby, new elevators, new corridors, and new bathrooms throughout. The building provides 24/7/365 access via a card-key access system and an attended lobby. The property has directly metered electricity and a cafe. It is located close to Grand Central Station, Penn Station, Bryant Park, Herald Square, and the NY Public Library. Notable tenants include GMA Accessories, Erwin Pearl, and Idealist. The landlord will build to suit. The available space is 565 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ballet Jewels Jeweler Bellissima Accessories Clothing Store Labrada Dume & Associates Immigration Attorney O K Originals Jewelry Store Concept One Accessories Fashion Accessories Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9833698
    Latitude
    40.7497762

    Nearby Similar for Lease

    • New
      $3,100 /Mo
      750 SF

      Park Avenue Commercial Space Available

      Commercial building with retail and office space for rent.
      1672 Park Avenue, New York, NY 10035
      View Details
    • $4,500 /Mo
      882 SF

      Dental Office in Chinatown

      882 sq ft dental office with equipment in Manhattan.
      2 Mott St, Manhattan, NY 10013
      View Details
    • $4,000 /Mo
      9,225 SF

      Versatile Loft in Prime Location

      Adaptable 900 sq. ft. commercial loft in NYC.
      7 W 20Th St, Manhattan, NY 10011
      View Details
    • $2,400 /Mo

      Office Space in Naco, Santo Domingo

      71 sq meter office space for rent in Naco.
      54 Av. Gustavo Mejía Ricart, New York, NY 10124
      View Details
    • $6,500 /Mo
      11 SF

      Office Space in Luxury Tower

      Partially furnished office space for rent in Santo Domingo.
      155 Av. Pedro Henríquez Ureña, New York, NY 10108
      View Details
    • $1,600 /Mo

      Office Space in Piantini Tower

      Commercial space for rent in exclusive Piantini sector, Santo Domingo.
      81 Av. Gustavo Mejía Ricart, New York, NY 10132
      View Details

    FAQs

    What type of property is this?
    Office building - Renovated office and showroom space in Midtown Manhattan.
    Where is this office building located?
    The property is located at 389 5Th Ave New York, NY.
    What are key features of this property?
    This property features: - Completely renovated building featuring a new lobby, elevators, corridors, and bathrooms.; - Prime location between Grand Central and Nomad submarkets, close to Grand Central Station, Penn Station, Bryant Park, Herald Square, and the NY Public Library.; - Enjoy 24/7/365 access with an attended lobby and card-key access system.
    (212) 249-1550
    Request Owner's contact information
    389 5Th Ave New York, NY 10016
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    389 5Th Ave
    New York, NY 10016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    389 5Th Ave New York, NY 10016
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.