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    5 Union Sq New York, NY 10003

    Sponsored
    For Lease
    Contact for pricing

    14,500 SF Available in Iconic Building

    Lot size:
    131,818 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Springler Building at 5 Union Square West offers a unique opportunity to lease 14,500 square feet of prime executive office space in the heart of New York City. This Class B building, totaling 131,818 square feet, presents a single, expansive suite ideal for a large organization seeking a prestigious address. Located in New York County, the property boasts a highly desirable location, easily accessible via various transportation options. The available space is currently vacant and ready for immediate occupancy, allowing for customization to meet specific business needs. The building's single-suite configuration provides exceptional privacy and control over the entire leased area. This is an unparalleled chance to secure a significant footprint in a vibrant and well-connected neighborhood. The address, 5 Union Square West, zip code 10003, places your business within easy reach of major transportation hubs, upscale amenities, and a diverse workforce. This is a rare opportunity to establish a prominent presence in one of Manhattan's most sought-after locations. The property's size and location make it an exceptional investment for businesses seeking to expand or establish a significant presence in New York City. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 5 Union Sq

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    131,818 SF
    Class
    B

    Unit(s) available at that property

    Space
    6th Floor
    Size
    14,500 SF

    HighLights

    • Brand new construction featuring a mix of office spaces, conference rooms, podcast studios, library, and open work areas.
    • Fully furnished and wired for immediate occupancy.
    • High‑end finishes including exposed ceilings and hardwood floors.
    • Stunning Union Square views.
    • Excellent access to public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    DBREEDS LLC Entertainment Agency jKoncept Design Agency Academic Editing Bay Translation Service Restored Water Damage Restoration Service Hana Dolgin MA ... Psychotherapist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    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
    -73.9917951
    Latitude
    40.7357519

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    FAQs

    What type of property is this?
    Office Property / Space - 14,500 SF Available in Iconic Building
    Where is this office property / space located?
    The property is located at 5 Union Sq New York, NY.
    What are key features of this property?
    This property features: Brand new construction featuring a mix of office spaces, conference rooms, podcast studios, library, and open work areas.; Fully furnished and wired for immediate occupancy.; High-end finishes including exposed ceilings and hardwood floors.
    Request Owner's contact information
    5 Union Sq New York, NY 10003
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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
    5 Union Sq New York, NY 10003
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