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    551 Madison Ave New York, NY 10022

    For Lease
    Contact for pricing

    Prime retail space in the heart of the Plaza District.

    Property size:
    5,288 SF
    Lot size:
    0.17 Acres

    Property Features for 551 Madison Ave

    General Information

    Size
    5,288 SF
    Lot size
    0.17 Acres

    Source: Kassin Sabbagh Realty (KSR) Agent Zach Nathan

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

    Overview

    Plaza District Retail Opportunity

    This retail space, located in the heart of the Plaza District, presents an ideal opportunity for a health/wellness business or a restaurant/lounge. The property, formerly a Bally Total Fitness, includes locker rooms and a swimming pool in the optional sub-lower level. Additional ground floor space behind Gregory’s Coffee can be delivered. The sub-lower level is optional and can be used for selling. The property has a size of 5288 square feet.
    Location Intelligence

    Current Use by Public Records

    Amy Saltzman, P.C. Divorce Lawyer Imagineer Technology Group Software Company The Fertility Institutes New ... Reproductive Health Clinic Gregorys Coffee Coffee Shop Davinci Meeting Rooms Conference Center

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Building Supply Daycare Center Auto Repair Shop Gym & Fitness

    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
    -73.972905
    Latitude
    40.761029

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in the heart of the Plaza District.
    Where is this retail space located?
    The property is located at 551 Madison Ave New York, NY.
    What are key features of this property?
    This property features: - Prime location in the heart of the Plaza District, ideal for high visibility and foot traffic.; - Suitable for health/wellness, restaurant, or lounge businesses.; - Optional sub-lower level space available, potentially for sales or other business operations.
    (212) 417-9217
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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
    551 Madison Ave New York, NY 10022
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