5 West 54th Street, New York, NY 10019

Building Details

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Listing Agency: Meridian Capital Group

Listed By: David Schechtman · License NY #10301211874 Show Phone

Source: Crexi

Added: Sep 5 Changed: Nov 7 Last Checked: Nov 8 at 7:29AM

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Investment Insights

Based on property information with market context.

Petrola House is a landmarked, five-story office building at 5 West 54th Street in New York. The property is identified as an office building and is positioned between Fifth and Sixth Avenues in Midtown Manhattan.

Key Highlights

• Landmarked five‑story office building
• Known as Petrola House
• Located at 5 West 54th Street, New York, NY 10019

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Skorpios NYC Event ... Restaurant The Golden Girls Kitchen ... Restaurant The Madison Restaurant Jordy Palu Cafe Cafe & Coffee Shop

Suggested Use

Top Pick Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Nursing Home Adult Day Care Buffet

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

Location Intelligence

Trade Area within ½ mile

69,193

Businesses Nearby

Explore this area Business Placement

Demographics for 10019, NY

49,029

Population

33,279

Households

1.5

Avg Household Size

38

Median Age

78%

College-Educated

98%

High-School Grad

0.7 sq mi

ZIP Area

70,041

Density / Sq Mi

$121,835

Median Household Income

$108,231

Median Earnings

$2,619

Median Rent

$1,066,100

Median Home Value

Market

Properties on Market for Office buildings in New York

Jul

Aug

Sep

Oct

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 - Landmark-designated office property occupying a prominent Midtown Manhattan block between Fifth and Sixth Avenues.

Where is this office building located?

The property is located at 5 West 54th Street New York, NY.

What are key features of this property?

This property features: Landmarked five‑story office building; Known as Petrola House; Located at 5 West 54th Street, New York, NY 10019