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    385 5Th Ave New York, NY 10016

    For Lease
    $38 SF/Yr ($6,175 /Mo)

    Recently renovated office space in Midtown Manhattan near transportation hubs.

    Property size:
    1,950 SF
    Lot size:
    0.16 Acres

    Property Features for 385 5Th Ave

    General Information

    Size
    1,950 SF
    Lot size
    0.16 Acres

    Source: Adams & Company Agent Jeff Buslik

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

    Overview

    Fifth Avenue Office Space Available

    Located on Fifth Avenue and 36th Street, 385 Fifth Avenue is a 16-story building constructed in 1929, comprising 32 units. The building benefits from its location, offering convenient access to both Grand Central and Penn Station. The property features a newly renovated lobby, elevators, and windows. The available office space, approximately 1950 square feet, has been recently white boxed and includes polished concrete floors, column-free space, new LED lighting, open ceilings, and windows on three sides. Security guard service is provided seven days a week, with access from 7 am to 11 pm Monday through Friday, 8 am to 8 pm on Saturdays, and 8 am to 5 pm on Sundays. Code access is available to enter the building outside of security hours.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CZ Collections Jewelry Store Medusa's Heirlooms Wholesaler FUORI PORTA Textile Exporter NYDemolition&Construction Contractor Desmos Jewellery Jewelry 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
    -73.9835449
    Latitude
    40.7495226

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    FAQs

    What type of property is this?
    Office space - Recently renovated office space in Midtown Manhattan near transportation hubs.
    Where is this office space located?
    The property is located at 385 5Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $38 SF/Yr.
    What are key features of this property?
    This property features: - Prime Midtown Location: Corner building on Fifth Avenue and 36th Street, convenient to Grand Central and Penn Station.; - Modernized Interiors: Recently white boxed with polished concrete floors, column-free space, new LED lighting, and open ceilings.; - Abundant Natural Light: Features 3 sides of windows.
    (212) 679-5500
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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
    385 5Th Ave New York, NY 10016
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