Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    587 5Th Ave New York, NY 10017

    For Lease
    Contact for pricing

    Prime Fifth Ave location, multiple suites available.

    Lot size:
    11,573 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional office space, located at 587 5th Avenue in the heart of Midtown Manhattan's Plaza District, offers a unique opportunity for businesses seeking prestigious addresses. The property is situated on a 3,750 square foot mid-block parcel, within a ten-story building that also features multi-level retail space. The building benefits from prominent Fifth Avenue frontage, providing excellent visibility and accessibility. Multiple office suites are currently available, ranging in size from 763 square feet to 4,425 square feet, catering to a variety of business needs and scales. The building's location in the vibrant Midtown Manhattan area provides easy access to a wealth of amenities, including transportation, dining, and cultural attractions. This is an ideal opportunity to establish a presence in one of New York City's most sought-after commercial districts. The lease terms for the available spaces are flexible and can be tailored to meet specific requirements. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is located in New York County, New York, with a zip code of 10017.

    Property Features for 587 5Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,573 SF

    Unit(s) available at that property

    Space
    300
    Size
    4,425 SF
    Space
    500
    Size
    4,425 SF
    Space
    701
    Size
    1,960 SF
    Space
    B02
    Size
    763 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Diamond Team Real Estate Agency Fieve Ronald R ... Psychiatrist Rodwan Mahfouz Psychiatrist Jane Simon Psychiatrist Exclusive Precious Jewels ... Jeweler

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Grocery Store Daycare Center Pharmacy

    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
    -73.978277810638
    Latitude
    40.757147479153

    Nearby Similar for Lease

    • New
      $2,900 /Mo
      750 SF

      Commercial Space on Park Avenue

      Commercial building with retail and office space for rent.
      1672 Park Avenue, New York, NY 10035
      View Details
    • $4,500 /Mo
      882 SF

      Dental Office in Chinatown

      882 sq ft dental office with equipment in Manhattan.
      2 Mott St, Manhattan, NY 10013
      View Details
    • $4,000 /Mo
      9,225 SF

      Versatile Loft in Prime Location

      Adaptable 900 sq. ft. commercial loft in NYC.
      7 W 20Th St, Manhattan, NY 10011
      View Details
    • $2,400 /Mo

      Office Space in Naco, Santo Domingo

      71 sq meter office space for rent in Naco.
      54 Av. Gustavo Mejía Ricart, New York, NY 10124
      View Details
    • $6,500 /Mo
      11 SF

      Office Space in Luxury Tower

      Partially furnished office space for rent in Santo Domingo.
      155 Av. Pedro Henríquez Ureña, New York, NY 10108
      View Details
    • $1,600 /Mo

      Office Space in Piantini Tower

      Commercial space for rent in exclusive Piantini sector, Santo Domingo.
      81 Av. Gustavo Mejía Ricart, New York, NY 10132
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Fifth Ave location, multiple suites available.
    Where is this office property / space located?
    The property is located at 587 5Th Ave New York, NY.
    Request Owner's contact information
    587 5Th Ave New York, NY 10017
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    587 5Th Ave
    New York, NY 10017
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    587 5Th Ave New York, NY 10017
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.