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    546-550 5Th Ave New York, NY 10036

    For Lease
    $16,150,000

    Modern office building near Grand Central Terminal, excellent location.

    Property size:
    5,771 SF
    Lot size:
    0.37 Acres

    Property Features for 546-550 5Th Ave

    General Information

    Size
    5,771 SF
    Lot size
    0.37 Acres

    Source: CBRE | Midtown Manhattan Agent Neil King

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

    Overview

    Fifth Avenue Boutique Office Space

    This modern boutique office building is located on Fifth Avenue at the corner of 45th Street, offering proximity to Grand Central Terminal, shopping, restaurants, hotels, 44th Street's "Club Row," and Bryant Park. The building features a recently completed lobby renovation. The available space is raw, offering light and views. The landlord is willing to build to suit. The property offers 5,771 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office 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
    -73.9795585
    Latitude
    40.7556087

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    FAQs

    What type of property is this?
    Office building - Modern office building near Grand Central Terminal, excellent location.
    Where is this office building located?
    The property is located at 546-550 5Th Ave New York, NY.
    What are key features of this property?
    This property features: - Excellent location on Fifth Avenue and 45th Street, near Grand Central Terminal and Bryant Park.; - Raw space allows for custom build-out by the landlord.; - Great light and views.
    (212) 984-8352
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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
    546-550 5Th Ave New York, NY 10036
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