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    531-537 5Th Ave New York, NY 10017

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    For Lease
    $59 SF/Yr

    Fully built-out and furnished office space for rent.

    Property size:
    12,589 SF
    Lot size:
    0.41 Acres

    Property Features for 531-537 5Th Ave

    General Information

    Size
    12,589 SF
    Lot size
    0.41 Acres

    Source: LSL Advisors Agent Eric Siegel

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

    Overview

    Furnished Office Space on 5th

    The available space comprises the entire 12th floor, offering 12,589 rentable square feet. The lease term extends through December 2028. The space is newly built and features 17 offices, 1 boardroom, 2 meeting rooms, and an open area. The property is located in a prime location.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

    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
    -73.9885388
    Latitude
    40.6662681

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    FAQs

    What type of property is this?
    Office space - Fully built-out and furnished office space for rent.
    Where is this office space located?
    The property is located at 531-537 5Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $59 SF/Yr.
    What are key features of this property?
    This property features: - Entire 12th floor (12,589 RSF) in a prime location; - Newly built and fully furnished, ready for immediate occupancy; - Term thru Dec 2028
    (212) 221-0005
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    531-537 5Th Ave New York, NY 10017
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    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
    531-537 5Th Ave New York, NY 10017
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