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    554 5Th Ave New York, NY 10036

    Sponsored
    For Lease
    $50 SF/Yr

    Turnkey Office, Immediate Occupancy

    Lot size:
    14,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,600 square foot, six-story office building at 554 Fifth Avenue offers a unique opportunity. Currently, 4,000 square feet are immediately available in a single-tenant configuration. The space boasts a stunning renovated interior, featuring high ceilings and abundant natural light. Two large private offices on Fifth Avenue, a spacious conference room, and high-quality finishes throughout create a sophisticated and professional environment. Separate men's and women's restrooms add to the convenience. The adaptable open layout allows for versatile use, accommodating various business needs. Direct elevator access and a floor-through design enhance efficiency and prestige. Located just two blocks from Grand Central Terminal, this location provides unparalleled accessibility to the entire city, benefiting both employees and clients. The asking price is a competitive $50 per square foot. This turnkey space is ready for immediate occupancy. The building's prime location on Fifth Avenue ensures high visibility and an impressive address.

    Property Features for 554 5Th Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,600 SF
    Total Rate
    60833.33

    Building Details

    Stories
    6

    Unit(s) available at that property

    Space
    Size
    1,800 SF
    Rate per SF
    $50

    HighLights

    • Prime 5th Avenue location.
    • Turnkey office space, immediately available.
    • 14,600 total square feet, 4,000 square feet vacant.
    • Six‑story building with direct elevator access.
    • Floor‑through unit with high ceilings and natural light.
    • Features two large private offices, a conference room, and separate restrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lenny + Pilates Physical Fitness Program GLAM Make-Up Artist Move Wise Health ... Physical Fitness Program Norwegian Wool Outerwear Store The Wellpath by Dr. ... Medical Spa

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Dental Office Building Supply Daycare Center Auto Repair Shop Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9795893
    Latitude
    40.755912

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    FAQs

    What type of property is this?
    Coworking space - Turnkey Office, Immediate Occupancy
    Where is this coworking space located?
    The property is located at 554 5Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Prime 5th Avenue location.; Turnkey office space, immediately available.; 14,600 total square feet, 4,000 square feet vacant.
    Request Owner's contact information
    554 5Th Ave New York, NY 10036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    554 5Th Ave New York, NY 10036
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