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 Market142
Property Features for 420 5th Ave
General Information
Standard status
Active
Size
11,850 SF
Property subtype
OFFICE
Listing Agency:
JLL | New York City
(212) 812-5995
Listed By:
Jonathan Hageman · License #10301212436
Source:
Moodyscre
Added: Mar 13
Changed: Jul 26
Last Checked: Jul 31 at 1:10PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $610.0k | $51.48 |
| − Vacancy | −$115.3k | −$9.73 |
| EGI | $494.7k | $41.75 |
| − OpEx | −$123.7k | −$10.44 |
| NOI | $371.1k | $31.31 |
11,850 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101,253
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Full-floor office unit with refined office/showroom buildout and excellent light and air.
Where is this office units 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
