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Prime Midtown Retail Space Available
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511-513 5th Ave, New York, NY

Prominent corner location near Grand Central, Bryant Park, and Times Square.

Space Size5,663 SF - 10,394 SF
Lot Size0.18 Acres
Days on Market315

Property Features for 511-513 5th Ave

General Information

Standard status Active
Size 5,663 SF - 10,394 SF
Lot size 0.18 Acres
Property subtype OFFICE

Spaces For Lease

at 511-513 5th Ave Contact us
Name Size Type Rate Availability
511 - 513 5th Ave 10,392 SF OFFICE $87/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 10,317 SF OFFICE $89/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 9,812 SF OFFICE $91/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 9,752 SF OFFICE $97/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 9,825 SF OFFICE $100/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 5,663 SF OFFICE $115/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 5,663 SF OFFICE $100/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 10,385 SF OFFICE $80/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 10,358 SF OFFICE $80/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 10,351 SF OFFICE $83/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 10,394 SF OFFICE $83/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 10,337 SF OFFICE $83/SF/Mo AVAILABLE, Now Contact us
511 - 513 5th Ave 10,346 SF OFFICE $85/SF/Mo AVAILABLE, Now Contact us
Listing Agency: Newmark - Corporate
Listed By: Scott Klau
Source: Moodyscre
Added: Nov 24, 2025 Changed: Aug 8 Last Checked: Jul 25 at 9:31AM

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 Newmark - Corporate

Investment Insights

Based on property information with market context.

This retail space is situated in a prominent corner location in the heart of Midtown and the Fifth Avenue shopping corridor, steps from Grand Central Terminal, Bryant Park, Times Square, and Rockefeller Center. The property is surrounded by world-renowned and high-grossing brands. Located on the south corner of a south-bound street, the location provides unobstructed views for pedestrians, cars, and buses. The space offers 23-foot-plus ceiling heights and a column-free interior, creating a canvas for an experience store to launch new products and promote a brand. The property at 511 5th Avenue has no landmark restrictions for the interior or exterior of the building. The property size is 2,000 square feet.

Key Highlights

  • Prominent corner location in the heart of Midtown and Fifth Avenue shopping corridor.
  • Unobstructed view for millions of pedestrians, cars, and buses.
  • 23’+ ceiling heights and column‑free interior.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Pet Grooming Service Buffet Parking Lot & Garage Plumbing Service Electrical Service HVAC Service

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

Lease Details

NNN (Triple Net)
Lease Type
$12.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

94,721
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for New York, NY

$44.73 /SF/Yr
Avg Asking Price
$12–$84 /SF/Yr
Price Range
5,006 SF
Avg Space Size

This space is priced 79% above the average of $44.73 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Prominent corner location near Grand Central, Bryant Park, and Times Square.
Where is this retail space located?
The property is located at 511-513 5th Ave New York, NY.
What is the lease rate?
The lease rate is $80 SF/Yr.
What are key features of this property?
This property features: Prominent corner location in the heart of Midtown and Fifth Avenue shopping corridor.; Unobstructed view for millions of pedestrians, cars, and buses.; 23’+ ceiling heights and column‑free interior.
(212) 372-2244 Call to check price and availability
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