Full-Floor Office With Showroom
For Sale
Contact for pricing
420 5th Ave, New York, NY 10018
Full-floor office unit with refined office/showroom buildout and excellent light and air.
Property Size11,850 SF
Price / SF$654.01
Days on Market233
Property Features for 420 5th Ave
General Information
Standard status
Active
Size
11,850 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Midtown Manhattan
Listing Agency:
JLL | New York City
(212) 812-5700
Listed By:
Jonathan Hageman · License #10301212436
(212) 812-5995
Source:
Moodyscre
Added: Mar 13
Changed: Oct 25
Last Checked: Oct 30 at 6:18PM
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 | New York City
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Investment Insights
Based on property information with market context.
This full-floor office unit measures approximately 11,850 rentable square feet and features excellent light and air. The space includes a refined office/showroom buildout designed to support professional presentations and daily operations.
The offering is located within a premier mixed-use office building along Fifth Avenue. The current tenant is cash-flowing, with term remaining.
Ideal for an owner-occupant or investor seeking control of a substantial, move-in-ready footprint within an established mixed-use office environment, subject to the existing lease terms.
The offering is located within a premier mixed-use office building along Fifth Avenue. The current tenant is cash-flowing, with term remaining.
Ideal for an owner-occupant or investor seeking control of a substantial, move-in-ready footprint within an established mixed-use office environment, subject to the existing lease terms.
Key Highlights
- Full‑floor office unit with approximately 11,850 rentable SF
- Refined office/showroom buildout
- Excellent light and air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$371,056
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,421,120
$7.4M
Cap Rate 7%
$5,300,800
$5.3M
Cap Rate 9%
$4,122,844
$4.1M
Market Conditions
NOI Build-Up for 11,850 SF
Gross rent
$610.0K $51.48/SF
− Vacancy
−$115.3K −$9.73/SF
EGI
$494.7K $41.75/SF
− OpEx
−$123.7K −$10.44/SF
NOI
$371.1K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,421,120
Cap Rate 7%
$5,300,800
Cap Rate 9%
$4,122,844
Alternative Uses
Best Use
Office B
$5.30M
$4.64M – $6.18M
NOI $371,056 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$29.50M
$25.81M – $34.41M
NOI $2,064,744 @ 7.0% cap · market cap 26.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
101,253
Businesses Nearby
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Business Placement
Demographics for 10018, NY
11,145
Population
5,678
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
37,150
Density / Sq Mi
$133,042
Median Household Income
$103,655
Median Earnings
$3,501
Median Rent
$947,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Full-floor office unit with refined office/showroom buildout and excellent light and air.
Where is this office unit located?
The property is located at 420 5th Ave New York, NY.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Full‑floor office unit with approximately 11,850 rentable SF; Refined office/showroom buildout; Excellent light and air
