587 5th Ave New York, NY 10017-1921
Property Lookup
Property profile & analytics
587 5th Ave New York, NY 10017-1921
- Banks
- 33,922 SF
- 0.09 lot acres
Property ID
US63-1064520
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.
Location Intelligence
Current Use by Public Records
- The Diamond Team / Real Estate Agency
- Fieve Ronald R MD PC / Physician
- Rodwan Mahfouz / Physician
- Jane Simon / Physician
- Exclusive Precious Jewels Ltd / (Bike/Boat/Book/etc) Store
Property Details for 587 5th Ave
- Year built
- 1921
- Lot size
- 0.09 lot acres
- Property size
- 33,922 SF
- Zone code
- C5-3
- Property type
- Banks
- APN
- 01283-0072
- APU
- 12830072
Description
This exceptional office space, located at 587 5th Avenue in the heart of Midtown Manhattan's Plaza District, offers a unique opportunity for businesses seeking prestigious addresses. The property is situated on a 3,750 square foot mid-block parcel, within a ten-story building that also features multi-level retail space. The building benefits from prominent Fifth Avenue frontage, providing excellent visibility and accessibility. Multiple office suites are currently available, ranging in size from 763 square feet to 4,425 square feet, catering to a variety of business needs and scales. The building's location in the vibrant Midtown Manhattan area provides easy access to a wealth of amenities, including transportation, dining, and cultural attractions. This is an ideal opportunity to establish a presence in one of New York City's most sought-after commercial districts. The lease terms for the available spaces are flexible and can be tailored to meet specific requirements. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is located in New York County, New York, with a zip code of 10017.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $13,825,000
-
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $15,130,000 Current use
- COMMERCIAL (GENERAL)
- $24,580,000 Change: +62% Conversion: Difficult
- OFFICE BUILDING
- $21,670,000 Change: +43% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $18,355,000 Change: +21% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.978
- Latitude
- 40.7569
- 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
$805,982
$2,250,000
$5,359,350
$7,609,350
-
$5,000,000
$12,428,000
$17,428,000
