Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    530 Fifth Ave, New York, NY 10036 New York, NY 10036

    • Retail residential properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mitchell S Rock - Ameriprise Financial Services, LLC / Financial Advisor
    • Chase Mortgage / Loan Service / Bank
    • Alexander Moy - Registered Practice Associate, Ameriprise Financial Services, LLC / Financial Advisor
    • Itemize / (Bike/Boat/Book/etc) Store / Corporate Office
    • Pipedrive / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 530 Fifth Ave, New York, NY 10036

    Property type
    Retail residential properties
    Property subtype
    Office properties & Spaces

    Description

    HIGHLIGHTS Convene at 530 Fifth Avenue is a premium meeting and event space in Midtown East within walking distance of Grand Central. Have access to fully furnished office suites, sought-after amenities, and on-demand meeting and event spaces for up to 72 people. Members enjoy a next-generation workplace, a fitness center, curated community programming, and farm-to-table culinary offerings. Experience a centralized location between 44th and 45th Street near luxury hotels, world-class dining, and proximity to Bryant Park. Convene at 530 Fifth Avenue is a high-end, professional space with tailored, furnished work suites, on-demand meeting spaces, membership-based work areas, and best-in-class amenities. With an on-site fitness studio offering daily classes, a top-tier wellness center with steam rooms, an on-site café serving coffee and food options, and an outdoor terrace space, this location effortlessly elevates any workday experience. Convene at 530 Fifth Avenue provides an upscale work environment designed to maximize comfort, productivity, and collaboration. Convene has established itself as a strong option for companies seeking top-tier privacy, security, and a high-end office environment in the flex office arena. With Class A building acoustics and visual privacy measures, Convene has developed a solid niche within highly regulated industries. With our stacked product offerings, Convene is ideal for clients seeking a full-service, sophisticated work environment on a flexible term. FEATURES AND AMENITIES 24 Hour Access Atrium Banking Bus Line Conferencing Facility Courtyard Fitness Center Food Service Metro/Subway Property Manager on Site Kitchen Accent Lighting Reception Natural Light Food Service Open-Plan Partitioned Offices Plug & Play Shower Facilities Wi-Fi Outdoor Seating Air Conditioning Balcony

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    State
    New York
    Longitude
    -73.9455
    Latitude
    40.802

    Comparable in this City

    • Value Estimation
      $3,270,000
      6,750 SF

      1555 Broadway

      STORE/OFFICE (MIXED USE) • 6,750 SF
      1555 Broadway, New York, NY 10036
      View Details
    • Value Estimation
      $2,770,000
      5,600 SF

      1190 Ave Of The Americas

      STORES & APARTMENTS • 5,600 SF
      1190 Ave Of The Americas, New York, NY 10036-2712
      View Details
    • Value Estimation
      $4,165,000
      11,275 SF

      324 47th St

      STORES & APARTMENTS • 11,275 SF
      324 47th St, New York, NY 10036-3116
      View Details
    • Value Estimation
      $1,975,000
      4,850 SF

      246 48th St

      STORES & APARTMENTS • 4,850 SF
      246 48th St, New York, NY 10036-1424
      View Details
    • Value Estimation
      $3,905,000
      8,856 SF

      28 48th St

      STORES & APARTMENTS • 8,856 SF
      28 48th St, New York, NY 10036-1804
      View Details
    • Value Estimation
      $2,705,000
      8,400 SF

      31 46th St

      STORES & APARTMENTS • 8,400 SF
      31 46th St, New York, NY 10036-4102
      View Details

    Similar Nearby for Sale

    • $13,000,000

      Midtown West Mixed-Use Asset

      Mixed-use property in Restaurant Row, delivered 100% vacant.
      365-367 West 46Th St, New York, NY 10036
      View Details
    • $13,568,000

      Mixed-Use Building in Hell's Kitchen

      Two stores plus nine apartments in prime Hell's Kitchen.
      468 W Street, Manhattan, NY 10036
      View Details
    • $8,500,000
      3,344 SF

      Manhattan Gem Tower Office Condo

      Class A office space in the Diamond District.
      44 W 47Th St, New York, NY 10036
      View Details
    • $42,600,000
      35,000 SF

      Unique Midtown West Office Building

      New 35,000 SF office building in Midtown West.
      639-643 11Th Ave, New York, NY 10036
      View Details
    • $8,500,000
      3,344 SF

      Premier Class A Office Space For Sale

      Premier Class A Office Space For Sale
      50 W 47th St-#1611, New York, NY 10036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      306 SF

      Prime West 48th Street Office

      NYC Executive Office Suite - 306 sq ft
      453 48Th St, New York, NY 10036
      View Details
    • $120 SF/Yr
      600 SF

      Times Square Retail Gem

      Prime Midtown, 600 sq ft, High Ceilings
      165 48Th St, New York, NY 10036
      View Details
    • Contact for pricing
      1,000 SF

      Prime NYC Executive Office Suite

      1,000 SF, Move-In Ready, 5th Ave
      546 5Th Ave, New York, NY 10036
      View Details
    • Contact for pricing
      40,240 SF

      Office Space Ready for Installation

      Demolished office floors available for tenant build-out.
      1166 Avenue Of The Americas, New York, NY 10036
      View Details
    • New
      Contact for pricing

      Americas Tower

      Discover many ways to work your way in Ridgewood Corporate Square
      1177 Avenue Of The Americas, New York, NY 10036
      View Details
    • Contact for pricing
      162,822 SF

      Fifth Avenue Office Space Available

      Industry-leading office space emphasizing self-care and connectivity.
      530 5Th Ave, New York, NY 10036
      View Details
    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.
    530 Fifth Ave, New York, NY 10036
    New York, NY 10036
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!