313 5Th AveNew York, NY 10016

Property Details for 313 5Th Ave

Year built

1925

Lot size

0.10 AC

Property size (Sq ft)

11,700 SF

Zone code

C5-2

Property type

Office buildings

APN

00861-0076

APU

8610076

Description

This exceptional creative office space, located at 313 Fifth Avenue (between West 32nd Street and West 31st Street) in New York County, NY 10016, offers a unique opportunity to lease a full floor within a 14,000 square foot building. The space boasts a minimum divisible area of 2,000 square feet, perfect for a variety of businesses. The office features high exposed ceilings, abundant natural light from large windows, and private keyed elevator access for enhanced security and privacy. Additional amenities include private bathrooms and a dedicated reception area. The expansive open floor plan is ideal for a creative workspace, easily adaptable to accommodate various layouts, from an open bullpen to a configuration with individual offices and a conference room. This prestigious Midtown South location on Fifth Avenue provides unparalleled visibility and accessibility. The asking price represents an incredible value for a full-floor office in this highly sought-after area, making it an attractive option for tech companies, media firms, advertising agencies, financial services businesses, or any organization seeking a prominent and functional workspace. The space is currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,192,270

  6.5%

  $2,023,640

  7%

  $1,879,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,528,720

  Geo Method

  $1,528,720

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,984,080

  Retail / Commercial

  $2,043,010

  Mixed-Use / Specialty

  $2,035,730

  Hospitality / Lodging

  $1,493,550

  Institutional / Educational

  $2,116,340

  Residential Income

  $2,476,120

  Multifamily

  $2,969,720

  Automotive / Energy

  $1,814,010

  Parking / Income-Based Land

  $625,991

  Restaurant / Food Service

  $1,058,800

  Healthcare / Senior Housing

  $2,087,600

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7468

Longitude

-73.9852

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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