420 5Th Ave New York, NY 10018

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.

Location Insight

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