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    5th Ave New York, NY 10110

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    Elegant Executive Office Suite, NYC

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,000 square foot executive office space is located on prestigious 5th Avenue in New York County, NY, zip code 10110. The single-tenant occupancy offers complete control and privacy within a landmark building constructed in 1931, sharing architectural lineage with the Empire State Building. The space boasts recently completed renovations to the entrance, lobby, and elevators, restoring the building's original Art Deco splendor. The property's prime location provides unparalleled access to various transportation options, including the B, D, F, and M subway lines at the nearby 42nd Street Bryant Park station, the N, Q, and R lines at Times Square (one block away), and the 4, 5, 6, and 7 lines at Grand Central Terminal (two blocks away). This makes commuting exceptionally convenient for employees and clients alike. The entire 6,000 square feet is currently vacant, presenting a unique opportunity for a business seeking a prestigious and well-connected address in the heart of New York City. The building's significant retail restructuring further enhances the overall appeal and accessibility of this remarkable property.

    Property Features for 5th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Unit(s) available at that property

    Space
    Office space
    Size
    6,000 SF

    HighLights

    • Bryant Park views.
    • Abundant natural light and stunning city views.
    • Ready for immediate occupancy.
    • Adjacent to the New York Public Library.
    • Prime location, steps from Grand Central Terminal, Penn Station, Port Authority Bus Terminal, and multiple subway lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9809635
    Latitude
    40.7534733

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    FAQs

    What type of property is this?
    Office Property / Space - Elegant Executive Office Suite, NYC
    Where is this office property / space located?
    The property is located at 5th Ave New York, NY.
    What are key features of this property?
    This property features: Bryant Park views.; Abundant natural light and stunning city views.; Ready for immediate occupancy.
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    5th Ave New York, NY 10110
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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
    5th Ave New York, NY 10110
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