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    501 5Th Ave New York, NY 10017

    For Lease
    $60 SF/Yr ($4,225 /Mo)

    Prime Midtown office space, ideal for Grand Central commuters.

    Property size:
    845 SF
    Lot size:
    0.19 Acres

    Property Features for 501 5Th Ave

    General Information

    Size
    845 SF
    Lot size
    0.19 Acres

    Source: Abramson Brothers Inc Agent Alan B. Abramson

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

    Overview

    Midtown Office Space Available

    This office space is located in midtown, at the corner of Fifth Avenue and 42nd Street, across from the New York Public Library, making it ideal for Grand Central Station commuters. The building features a 24-hour, 7-day attended lobby and access, as well as on-site ownership and management. High-speed internet access is available. The tenant roster includes law, accounting, and public relations firms. The property offers 845 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clear Laser City ... Skin Care Clinic Dr. John A Rubinstein, ... Dentist Brady Klein & Weissman Attorney International Fertility Law ... Attorney Segal & Lax Personal Injury Attorney

    Suggested Use

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

    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
    -73.9878528
    Latitude
    40.6670957

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    FAQs

    What type of property is this?
    Office space - Prime Midtown office space, ideal for Grand Central commuters.
    Where is this office space located?
    The property is located at 501 5Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: - Prime midtown location on the corner of Fifth Avenue and 42nd Street, across from New York Public Library; - 24-hour, 7-day attended lobby and access; - Ideal for Grand Central Station commuters
    (212) 687-2655
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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
    501 5Th Ave New York, NY 10017
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