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    5 E 47Th St New York, NY 10017

    For Sale
    Contact for pricing

    Vacant building suitable for headquarters or residential conversion.

    Property size:
    14,025 SF
    Lot size:
    0.06 Acres

    Property Features for 5 E 47Th St

    General Information

    Size
    14,025 SF
    Lot size
    0.06 Acres

    Source: Meridian Capital Group Agent David Schechtman

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

    Overview

    Vacant Office Building on 5th

    This property is located directly off of 5th Avenue. The building will be delivered 100% vacant. It is suitable as a corporate headquarters. The building features a new elevator and column free office space with floor plates of 2,500 RSF. It is located in the C5-2.5 zoning district. The property allows for continued-use as a boutique office building or conversion to residential utilizing the valuable 16,095 SF of air rights. The property size is 14,025 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Just Add Water, ... Video Editing Service Sea Wave Diamonds Watch Store Mixopolis Recording Studio Brick Burger Hamburger Restaurant Hosting The Holidays Book Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon 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
    -73.9778252
    Latitude
    40.7564775

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    FAQs

    What type of property is this?
    Office building - Vacant building suitable for headquarters or residential conversion.
    Where is this office building located?
    The property is located at 5 E 47Th St New York, NY.
    What are key features of this property?
    This property features: - 100% vacant flagship headquarters opportunity directly off 5th Avenue; - Flexible C5-2.5 zoning allows for boutique office or residential conversion; - Benefit from 16,095 SF of air rights
    (212) 468-5907
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    5 E 47Th St New York, NY 10017
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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
    5 E 47Th St New York, NY 10017
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