Nine-Story Mixed-Use Commercial
5 E 59th St New York, NY 10022
5 E 59th St, New York, NY, 10022
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market102
Property Features for 5 E 59th St
General Information
- Standard status
- Pending
- Size
- 45,350 SF
- Property subtype
- Office
Listing agency
JLL
(212) 812-5700
Listed by
Braedon Gait · License #New York
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 5:30AM Checked: Jul 21 at 5:30AM
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
Location Intelligence
Current Use by Public Records
Tri State Equities
Real Estate Agency
Park meetng
Park
Alexandros Furs
Clothing & Fashion Store
Opjet Dart North ...
Holding Company
My Ny Central ...
Tour Operator
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FAQs
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
