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    511-513 5Th Ave New York, NY 10017

    For Lease
    Contact for pricing

    Prominent corner location near Grand Central, Bryant Park, and Times Square.

    Property size:
    2,000 SF
    Lot size:
    0.18 Acres

    Property Features for 511-513 5Th Ave

    General Information

    Size
    2,000 SF
    Lot size
    0.18 Acres

    Source: JLL | New York City Agent Michael N. Hirschfeld

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

    Overview

    Prime Midtown Retail Space Available

    This retail space is situated in a prominent corner location in the heart of Midtown and the Fifth Avenue shopping corridor, steps from Grand Central Terminal, Bryant Park, Times Square, and Rockefeller Center. The property is surrounded by world-renowned and high-grossing brands. Located on the south corner of a south-bound street, the location provides unobstructed views for pedestrians, cars, and buses. The space offers 23-foot-plus ceiling heights and a column-free interior, creating a canvas for an experience store to launch new products and promote a brand. The property at 511 5th Avenue has no landmark restrictions for the interior or exterior of the building. The property size is 2,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -73.98033
    Latitude
    40.7539346

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    FAQs

    What type of property is this?
    Retail space - Prominent corner location near Grand Central, Bryant Park, and Times Square.
    Where is this retail space located?
    The property is located at 511-513 5Th Ave New York, NY.
    What are key features of this property?
    This property features: - Prominent corner location in the heart of Midtown and Fifth Avenue shopping corridor.; - Unobstructed view for millions of pedestrians, cars, and buses.; - 23’+ ceiling heights and column-free interior.
    (212) 812-5700
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    511-513 5Th Ave 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
    511-513 5Th Ave New York, NY 10017
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