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    305 E 51St St New York, NY 10019

    For Lease
    Contact for pricing

    Prime retail spaces available in a newly constructed luxury condominium.

    Property size:
    1,593 SF
    Lot size:
    0.42 Acres

    Property Features for 305 E 51St St

    General Information

    Size
    1,593 SF
    Lot size
    0.42 Acres

    Source: CBRE | Midtown Manhattan Agent Gary Trock

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

    Overview

    Retail Space with High Ceilings

    Multiple retail spaces are available for lease, including a sublevel space. Ground floor spaces range from approximately 723 to 1,593 square feet, with frontages ranging from 12 to 30 feet. The sublevel space offers approximately 5,984 square feet. The ground floor features ceiling heights of 24 feet, while the sublevel has 14-foot ceilings. The property benefits from all-glass frontage, providing high visibility. A van elevator and ramp are in place for commissary uses. Located at the base of a newly constructed 123-unit luxury condominium, the property is suitable for various uses, including restaurants, fitness centers, gourmet markets, commissaries, and neighborhood services. Venting is available. Immediate possession is offered with long-term lease options. Neighboring businesses include Bluemercury, The Smith, TD Bank, CVS, Whole Foods, Equinox, Walgreens, Petco, Le Pain Quotidien, CitiMD, Soulcycle, and La Pecora Bianca.
    Location Intelligence

    Current Use by Public Records

    1 on 1 Yoga ... Yoga Studio 1 on 1 Yoga ... Yoga Instructor Plasma Saal Blood Bank Harts and Company Business Management Consultant Halcyon Condominium Complex

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Clothing Store Grocery Store Daycare Center

    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
    -73.9675828
    Latitude
    40.7554554

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    FAQs

    What type of property is this?
    Retail space - Prime retail spaces available in a newly constructed luxury condominium.
    Where is this retail space located?
    The property is located at 305 E 51St St New York, NY.
    What are key features of this property?
    This property features: - High Visibility: Features all glass frontage and soaring 24-foot ceilings.; - Prime Location: Located at the base of a new 123-unit luxury condominium, benefiting from high foot traffic.; - Immediate Possession: Available for immediate occupancy.
    (212) 984-8000
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    305 E 51St 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
    305 E 51St St New York, NY 10019
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