Lower Fifth Avenue Professional
For Sale
Contact for pricing
51 5th Avenue, New York, NY 10003
Coop professional office space in a prime location.
Property Size245 SF
Price / SF$1,612
Days on Market663
Property Features for 51 5th Avenue
General Information
Standard status
Active
Size
245 SF
Property subtype
Land
Listing Agency:
NEW YORK RESIDENCE INC
(212) 360-7000
Listed By:
Richard Pino
Source:
Crexi
Added: Oct 31, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:42AM
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 NEW YORK RESIDENCE INC
Investment Insights
Based on property information with market context.
Located on lower Fifth Avenue, also known as The Gold Coast, this professional office space is situated on the first floor of a full-service residential coop at 51 5th Avenue, between East 11th and East 12th Streets. Access to the office is through the building, where a concierge desk is staffed. The location is surrounded by residential buildings, shopping, restaurants, and transportation hubs. Transportation options include the 4, 5, 6, L, N, R, and Q trains at Union Square, as well as the M, F, and Path Train accessible at 6th Avenue and West 14th Street. Buses run crosstown on East 14th Street, downtown on 5th Avenue, and uptown on 6th Avenue. Street parking is also available. The office space has an estimated area of 245 square feet. The current configuration includes two separate rooms: a waiting room and an office, but it can be opened for a loft-style office. The space has been renovated down to the studs and features a built-in kitchenette with custom shaker-style cabinets, a fireplace, and custom wood cabinets for storage. The lighting design includes recessed lights, sconces, rails, and wiring in various wattages. The ceiling height is 11.5 feet, and a large window faces a tree-lined block. This space is suitable for various businesses, including medical, accounting, legal, architecture, insurance brokerage, or project management services. There is an assessment until February 2025 for Local 11 in the amount of $310 per month.
Key Highlights
- Prime Lower Fifth Avenue location ("The Gold Coast") with high visibility and accessibility.
- Turn‑key, renovated office space with custom kitchenette, fireplace, and storage.
- Excellent transportation access: multiple subway lines and bus routes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
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 units - Coop professional office space in a prime location.
Where is this office units located?
The property is located at 51 5th Avenue New York, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Prime Lower Fifth Avenue location ("The Gold Coast") with high visibility and accessibility.; Turn‑key, renovated office space with custom kitchenette, fireplace, and storage.; Excellent transportation access: multiple subway lines and bus routes.
