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    OFF-MARKET
    Warehouses

    0 51St St, New York, NY 10022

    450,622 SF Built 1932
    Property ID
    Property summary
    AI-generated overview

    This iconic 50-story Art Deco building, originally the RCA Victor Building, offers 450,622 square feet of prime office and warehouse space in the heart of Midtown Manhattan. Located at the southwest corner of Lexington Avenue and 51st Street, this national landmark boasts a stunning 30-foot-tall enameled terra cotta crown, illuminated at night, and a sublimely elegant lobby with pink marble walls and a silver leaf vaulted ceiling. The building features a restored brick facade and Gothic Art Deco design, complemented by new windows throughout. Units range from 3,929 to 19,436 square feet, with a minimum divisible space of 4,078 square feet and a maximum contiguous space of 8,212 square feet. Currently, 65,164 square feet is vacant. The building offers multiple tenancies, high-speed internet access provided by Everest Broadband Networks, an attended lobby with live video surveillance, and elevators. Built in 1932 and renovated in 1994, this exceptional property features 10'6" floor-to-floor ceiling heights and 120/208 three-phase power. Its prime location offers easy access to Grand Central Terminal and is surrounded by renowned corporate landmarks, restaurants, hotels, and cultural destinations, including the Waldorf-Astoria and St. Patrick's Cathedral. This is a rare opportunity to secure space in one of New York City's most distinguished and unique skyscrapers. The building is located in New York County.

    Property profile
    Verified
    Property type Warehouses
    Year built 1932
    Total area 450,622 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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