Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    55th Office New York, NY 10022
    Back to Search
    Property profile & analytics

    55th Office New York, NY 10022

    View on Map
    • Office properties & Spaces
    For Lease
    $84 SF/Yr
    View Listing →
    Midtown East Office Space for Lease For Lease
    $84 SF/Yr

    Midtown East Office Space for Lease

    Prime 500 sq ft office, immediate occupancy.

    55th Office, New York, NY 10022
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 55th Office

    Property type
    Office properties & Spaces

    Description

    This exceptional 500-square-foot office space is ideally situated in Midtown East on East 55th Street. Currently available for immediate occupancy, this single-tenant space offers a highly desirable location perfect for a variety of businesses. The unit boasts an 8-foot ceiling height and includes a convenient wet pantry and a private bathroom, enhancing both functionality and privacy. A private patio adds a unique outdoor amenity. The monthly rent is $3,500. The lease term is negotiable. All dimensions are approximate; for precise measurements, it is recommended to engage an independent architect or engineer. Please note that all information provided is subject to change without notice, including price and availability. This prime Midtown East location presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space. The property is a traditional office space within New York County. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9647
    Latitude
    40.7572

    Comparable in this City

    • Value Estimation by Request
      3,300 SF

      449 58Th St

      Medical Office Space • 3,300 SF
      449 58Th St, New York, NY 10022
      View Details
    • Value Estimation by Request

      6th 60Th St

      Medical Office Space
      6th 60Th St, New York, NY 10022
      View Details
    • Value Estimation by Request
      14,855 SF

      100 53rd St, Unit 1

      CONDOMINIUM OFFICES • 14,855 SF
      100 53rd St, New York, NY 10022-6182
      View Details
    • Value Estimation by Request
      112,933 SF

      43 53rd St, Unit 49

      OFFICE (GENERAL) • 112,933 SF
      43 53rd St, New York, NY 10022-4604
      View Details
    • Value Estimation by Request

      1St Ave

      Restaurants
      0 1St Ave, New York, NY 10022
      View Details
    • Value Estimation by Request

      7th 60Th St

      Medical Office Space
      7th 60Th St, New York, NY 10022
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Mixed-Use Property in New York

      6,500 SqFt mixed-use property available for sale in New York.
      316 E 59Th St, New York, NY 10022
      View Details
    • Contact for pricing

      Fifth Avenue Office Building

      Office building for sale on Fifth Avenue in New York.
      623 5Th Ave, New York, NY 10022
      View Details
    • Contact for pricing
      12,342 SF

      Office Building in New York

      12,342 SqFt office building for sale in New York.
      55 East 59Th St, New York City, NY 10022
      View Details
    • Contact for pricing
      900 SF

      Office Unit For Sale

      900 SqFt office unit available for purchase.
      251 E 51St St, New York, NY 10022
      View Details
    • Contact for pricing
      1,791 SF

      Olympic Tower Mixed-Use Condominium

      Luxury mixed-use condominium with residential and commercial space.
      641-645 5Th Ave, New York, NY 10022
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      322,000 SF

      Madison Avenue Executive Suites

      Prestigious NYC Office Space Available
      595 Madison Ave, New York, NY 10022
      View Details
    • Contact for pricing

      Commercial Office Space Available

      Office space for rent at 800 Third Avenue, New York.
      800 3Rd Ave, New York, NY 10022
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in New York, NY.
      E 59Th St, New York, NY 10022
      View Details
    • $84 SF/Yr
      500 SF

      Midtown East Office Space for Lease

      Prime 500 sq ft office, immediate occupancy.
      55th Office, New York, NY 10022
      View Details
    • Contact for pricing

      Midtown East Medical Office Space

      Professional office space in Plaza District Midtown East for rent.
      150 E 55Th St, New York, NY 10022
      View Details
    View Listing
    Request Owner's contact information
    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.
    55th Office
    New York, NY 10022
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    55th Office, New York, NY, 10022
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!