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    162 W 56Th St New York, NY 10019

    For Lease
    $10,000,000

    Four-floor commercial unit with flexible layouts and dedicated lobby.

    Property size:
    650 SF
    Lot size:
    0.18 Acres

    Property Features for 162 W 56Th St

    General Information

    Size
    650 SF
    Lot size
    0.18 Acres

    Source: Time Equities Inc. Agent Scott Klatsky

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

    Overview

    Prime Office Space Near Carnegie

    Located in the Carnegie Plaza Condominium at the corner of 7th Avenue and 56th Street, this commercial unit encompasses the entire 2nd through 5th floors, totaling 27,450 rentable square feet. The unit also includes a dedicated commercial lobby. Situated directly across from Carnegie Hall and one block from the NRQW and F trains, the property is conveniently close to Times Square, Central Park, and Columbus Circle. Each of the four floors contains seven office units, featuring various floor plans and sizes. Every unit includes a private bathroom, making them suitable for professional users such as medical offices and salons. Many street-facing offices offer views of 7th Avenue, Central Park, and Carnegie Hall. The property features a modernized elevator exclusively servicing the offices, along with its own dedicated attended lobby. The office lobby connects to the residential lobby, which also has a 24/7 doorman. The unit will be delivered with tenants in place. The property size is 650 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lissner & Lissner LLP Attorney Souvlaki GR Greek Restaurant Dr. Ruth Fernandez, ... Chiropractor Dale Markowitz, LCSW ... Counselor Leonila Maglilong DDS ... Dentist

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Law Firm Food Market Clothing Store 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
    -73.9802846
    Latitude
    40.7646369

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    FAQs

    What type of property is this?
    Office space - Four-floor commercial unit with flexible layouts and dedicated lobby.
    Where is this office space located?
    The property is located at 162 W 56Th St New York, NY.
    What are key features of this property?
    This property features: - Prime Location: Directly across from Carnegie Hall, near multiple subway lines and major landmarks.; - Substantial Space: **27,450 rentable square feet** spanning four floors with a dedicated commercial lobby.; - Turnkey Investment: Delivered with tenants in place, providing immediate income.
    (212) 206-6042
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    162 W 56Th St New York, NY 10019
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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
    162 W 56Th St New York, NY 10019
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