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    275 5Th Ave New York, NY 10016

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    275 5Th Ave New York, NY 10016

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    • Investment properties
    • 9,280 SF
    • 0.05 lot acres
    For Lease
    $2,695,000
    View Listing →
    Retail Space on 5th Avenue For Lease
    $2,695,000
    1,637 SF

    Retail Space on 5th Avenue

    Retail space available for rent in New York, NY.

    275 5th Ave, New York, NY
    View Listing
    Property ID
    US63-3424364
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Digital Headshots NYC / Photography Service / (Bike/Boat/Book/etc) Store
    • Executive Photos NYC / Photography Service / (Bike/Boat/Book/etc) Store
    • Michael Benabib Photography / Photography Service / (Bike/Boat/Book/etc) Store
    • YXT Herbs/Acupuncture 一心堂 美国 纽约 华人 网上 在线 药店 药房 买药 中药 中成药 同仁堂 中药房 中药店 中药行 中草药 药材 中药材 批发 中药网 商城 药铺 批发商 中医 TCM 针灸 推荐 / (Bike/Boat/Book/etc) Store / Pharmacy
    • NYC Chef Service / Take-out & Catering / Catering Service

    Property Details for 275 5Th Ave

    Year built
    1925
    Lot size
    0.05 lot acres
    Property size
    9,280 SF
    Zone code
    C5-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00859-0088
    APU
    8590088

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9863
    Latitude
    40.7455
    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
    $133,622
    $263,366
    $805,442
    $1,068,808
    -
    $1,380,000
    $4,220,400
    $5,600,400

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      493 3rd Ave

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      493 3rd Ave, New York, NY 10016-4843
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      10,024 SF

      361 3rd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 10,024 SF
      361 3rd Ave, New York, NY 10016-9015
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      3,311 SF

      596 3rd Ave

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      4,000 SF

      546 3rd Ave

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      View Details
    • Value Estimation
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      4,432 SF

      109 37th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,432 SF
      109 37th St, New York, NY 10016-3040
      View Details

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      Midtown Manhattan Multifamily Property

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      43,320 SF

      Manhattan Mixed-Use Corner Property

      Prime mixed-use property in vibrant Manhattan neighborhood.
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      Kips Bay Mixed-Use Investment

      93% deregulated mixed-use property in prime Kips Bay location.
      212 E 29Th St, New York, NY 10016
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      Mixed-Use Asset in Kips Bay

      Mixed-use property in Kips Bay with seven units.
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    Similar Nearby for Lease

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      Midtown Retail Opportunity Near Landmarks

      Retail space in Midtown, close to transportation and major landmarks.
      232 Madison Ave, New York, NY 10016
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      Retail Space Near Grand Central

      Retail space with high foot traffic near Grand Central Station.
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      Retail Space in Murray Hill

      Retail space available in vibrant Murray Hill / Midtown South.
      543 3Rd Ave, New York, NY 10016
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      Manhattan Office Building for Rent

      Classic architecture and contemporary amenities in a thriving Manhattan location.
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      NoMad Creative Office Space

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    View Listing
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    New York, NY 10016
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    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
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