Nine-Story Mixed-Use Commercial
For Sale
Contact for pricing
Pending
5 E 59th St, New York, NY 10022
50-foot-wide, nine-story building with separate retail and freight entrances and two elevators servicing all above-grade floors.
Property Size45,350 SF
Days on Market112
Property Features for 5 E 59th St
General Information
Standard status
Pending
Size
45,350 SF
Property subtype
Office
Zoning
C5-2.5
Building Details
Stories
9
Listing Agency:
JLL
(212) 812-5700
Listed By:
Braedon Gait · License #New York
Source:
Crexi
Added: Apr 12
Changed: Jul 21
Last Checked: Jul 31 at 6:00AM
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 JLL
Investment Insights
Based on property information with market context.
The Property is a 50’-wide, nine-story commercial building containing 45,350 rentable square feet of flexible commercial or residential space. Delivered 100% vacant, it includes two elevators servicing all above-grade floors. There are separate retail and freight entrances accessible from the front of the building. In its current configuration, the ground floor and rear portion of the floor plate are separated by non-load bearing walls; opening those areas could create 3,957 total net square feet of ground floor retail space. The second-floor overhang may also be removed, in whole or part, to open ceiling heights to 22’ throughout the space.
The building is located just steps off the northeast corner of 5th Avenue and East 59th Street, within the Special Midtown District. Zoning is C5-2.5 with all floors designated Use Group 6, and the property is described as R10 residential district equivalent, allowing for a base residential FAR of 10.0 and max commercial FAR of 12.0 as-of-right. The 9-story façade is described as highly visible from 5th Avenue between East 58th and East 59th Street.
The Property will be sold at a foreclosure auction on January 17, 2024 on an “as-is, where-is” basis pursuant to a Judgment of Foreclosure & Sale. The sale is being marketed exclusively by JLL.
The building is located just steps off the northeast corner of 5th Avenue and East 59th Street, within the Special Midtown District. Zoning is C5-2.5 with all floors designated Use Group 6, and the property is described as R10 residential district equivalent, allowing for a base residential FAR of 10.0 and max commercial FAR of 12.0 as-of-right. The 9-story façade is described as highly visible from 5th Avenue between East 58th and East 59th Street.
The Property will be sold at a foreclosure auction on January 17, 2024 on an “as-is, where-is” basis pursuant to a Judgment of Foreclosure & Sale. The sale is being marketed exclusively by JLL.
Key Highlights
- 50’ wide, 9‑story commercial building with 45,350 rentable SF of flexible commercial or residential space
- Delivered 100% vacant with separate retail and freight entrances accessible from the front of the building
- Two elevators service all above‑grade floors
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
50,805
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - 50-foot-wide, nine-story building with separate retail and freight entrances and two elevators servicing all above-grade floors.
Where is this office building located?
The property is located at 5 E 59th St New York, NY.
What are key features of this property?
This property features: 50’ wide, 9‑story commercial building with 45,350 rentable SF of flexible commercial or residential space; Delivered 100% vacant with separate retail and freight entrances accessible from the front of the building; Two elevators service all above‑grade floors
