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Showroom and Office Loft Building
For Lease
$58 SF/Yr

366 5th Avenue, New York, NY 10001

Loft building ideal for showroom and office near Grand Central.

Space SizeContact for details
Days on Market140

Property Features for 366 5th Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Midtown Manhattan
Listed By: Paul Walker
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Aug 10 at 6:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Midtown Manhattan

Investment Insights

Based on property information with market context.

This loft building, with a total property size of 14623 square feet, is suitable for showroom and office use. It is located one block from Grand Central and the Empire State Building. The property is within walking distance of Grand Central, Penn Station, and Port Authority, providing access to multiple subway lines. The building features a doorman, high ceilings, and large windows. The property benefits from long-term stable ownership.

Key Highlights

  • One block from the Empire State Building
  • Walking distance to Grand Central Terminal
  • Walking distance to Penn Station

Property Analytics

Current Use

Inspired Home Decor Interior Design Ayoub Amin Y ... Dental Office DEFY Media Media Distribution Amiee Lynn Inc. (Bike/Boat/Book/etc) Store RGA Leatherworks Clothing Store

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet Locksmith Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$8.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

96,059
Businesses Nearby

Demographics for 10001, NY

32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value

Market

Lease Benchmarks for New York, NY

$65.36 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
40,095 SF
Avg Space Size

This space is priced 11% below the average of $65.36 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Loft building ideal for showroom and office near Grand Central.
Where is this office building located?
The property is located at 366 5th Avenue New York, NY.
What is the lease rate?
The lease rate is $58 SF/Yr.
What are key features of this property?
This property features: One block from the Empire State Building; Walking distance to Grand Central Terminal; Walking distance to Penn Station
More about this property
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