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    420 5Th Ave New York, NY 10018

    • Flex space
    • 29,250 SF
    • 0.66 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-2479198
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hatch / Store
    • Berkshire Accessories / Importer
    • VXN WORKOUT NYC / Physical Fitness Program
    • World Foundation for Girl Guides and Girl Scouts / Association / Organization
    • UPS Access Point location / Shipping And Mailing Service / Mailing Service

    Property Details for 420 5Th Ave

    Year built
    1990
    Lot size
    0.66 lot acres
    Property size
    29,250 SF
    Zone code
    C5-3
    Property type
    Flex space
    APN
    00839-1016
    APU
    8391016

    Description

    This exceptional 18,000 square foot executive office building, located at 420 5th Avenue in New York, NY 10018, presents a unique investment opportunity. Situated on a double corner lot at the intersection of 37th and 38th Streets and 5th Avenue, this property boasts a prominent location in the heart of Midtown Manhattan. Built in 1990, the building is zoned C5-3, MID, offering significant development potential. The substantial lot size of 28,638 square feet (197.5 ft x 145 ft, Block & Lot 00839-7501) provides ample space and flexibility. Annual property taxes are $530,628, and the annual CAM charges are $300,000. This prestigious address offers unparalleled visibility and accessibility, making it an ideal location for a variety of businesses. The property's size and prime location make it a highly desirable asset in a competitive market. Serious inquiries only. This is a rare opportunity to acquire a significant commercial property in one of the world's most sought-after business districts. The building's substantial square footage and flexible zoning provide a multitude of potential uses and redevelopment options. Don't miss this chance to own a piece of New York City's iconic skyline.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9833
    Latitude
    40.7508
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $540,939
    $138,504
    $5,094,613
    $5,233,117
    -
    $307,786
    $11,041,224
    $11,349,010

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    420 5Th Ave
    New York, NY 10018
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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
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