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    Property profile & analytics

    589 5th Ave New York, NY 10017-1923

    • Banks
    • 156,319 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-1838808
    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

    • Espeka USA Inc / Wholesaler
    • Gad Realty NYC / Real Estate Agency
    • Joseph Gad Incorporated / Wholesaler / Lapidary
    • Yafa Signed Jewels - New York / Jewelry Store
    • Assael Inc / Wholesale Jeweler

    Property Details for 589 5th Ave

    Year built
    1954
    Lot size
    0.26 lot acres
    Property size
    156,319 SF
    Zone code
    C5-3
    Property type
    Banks
    APN
    01283-0069
    APU
    12830069

    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
    -73.9778
    Latitude
    40.757
    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
    $5,474,413
    $10,035,000
    $41,649,410
    $51,684,410
    -
    $22,300,000
    $118,517,000
    $140,817,000

    Comparable in this City

    • Value Estimation by Request
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      140,280 SF

      346 Madison Ave

      FINANCIAL BUILDING • 140,280 SF
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      271,266 SF

      529 5th Ave

      FINANCIAL BUILDING • 271,266 SF
      529 5th Ave, New York, NY 10017-4608
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    • Value Estimation by Request
      16,224 SF

      22 49th St

      FINANCIAL BUILDING • 16,224 SF
      22 49th St, New York, NY 10017-1025
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    • Value Estimation by Request
      208,052 SF

      228 45th St, Unit 238

      FINANCIAL BUILDING • 208,052 SF
      228 45th St, New York, NY 10017-3303
      View Details
    • Value Estimation by Request
      37,265 SF

      12-14 46th St

      FINANCIAL BUILDING • 37,265 SF
      12-14 46th St, New York, NY 10017
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Prime Retail Space Available

      Retail space near United Nations with high foot traffic.
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      535 SF

      Retail Space in New York

      Retail space available for lease in New York, NY.
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      Retail space in a high-traffic area near the United Nations.
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      4,650 SF

      Retail/Flex Space Available

      Built-out retail/flex space with drive-in doors for rent.
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      2,581 SF

      Madison Avenue Retail Space Available

      Retail spaces with excellent visibility near Grand Central Terminal.
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      Prime Retail Space Near Grand Central

      Retail space with high ceilings and strong foot traffic.
      10 E 45Th St, New York, NY 10017
      View Details

    Property Visit Statistics

    • Visits by month
      2.0k
    • Visitors by month
      2.2k
    • Avg Time on site
      18 min
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    589 5th Ave
    New York, NY 10017-1923
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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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