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226 Fifth Ave
New York, NY 10001
Bureau Propriété À vendre


Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Well Leased, Mixed Use Asset with Owner User Flexibility
- Top Performing Retail Submarket
- Immediate Vacancy Upside
- Near Term Retail Owner User Opportunity
- Office recovery is supporting retail
- Prime Flatiron/NoMad Location
Résumé de l'annonce
Cushman & Wakefield (“C&W”) is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in 226 Fifth Avenue (the “Property”), a six-story plus cellar, mixed use commercial building located in the heart of Manhattan’s dynamic NoMad neighborhood. Positioned along the highly trafficked lower Fifth Avenue corridor between 26th and 27th Street, the building offers a rare owner-user investment opportunity in one of New York City’s most sought-after and rapidly evolving submarkets.
The Property comprises 13,300 rentable square feet with 22.5 feet of prime Fifth Avenue frontage. The ground floor and lower level (5,000 total RSF) are leased to Rëzo Salon and feature an extravagant, high-quality buildout. With the existing lease expiring in November 2026, the space can potentially be delivered vacant, creating an exceptional opportunity for an owner-user seeking a prominent retail, showroom, or experiential space on Fifth Avenue.
The five upper floors consist of full-floor commercial spaces, leased to a diverse mix of professional, wellness, and service-oriented tenants, including a real estate office, facial
therapy, and spa users. The boutique scale, full-floor layouts, and direct elevator access provide an attractive configuration for a broad range of office and creative users. NoMad has also emerged as a preferred destination for technology and AI companies seeking high quality, boutique office space in highly amenitized, transit-rich locations.
226 Fifth Avenue offers exceptional connectivity, with the and subway lines all within a 1-2-minute walk. The Property also benefits from convenient access to PATH,
Penn Station, and regional commuter rail, providing connectivity throughout New Jersey, Long Island, and the broader Northeast corridor. This unparalleled transportation access enhances the Property’s appeal to both employers seeking to attract top talent and businesses requiring convenient access for clients and employees.
The Property is strategically located at the convergence of NoMad, Flatiron, Union Square, Chelsea, and Madison Square Park, surrounded by some of Manhattan’s most established office, retail, hospitality, and residential destinations. As Midtown South and NoMad continue to outperform many competing office submarkets in leasing activity and post-pandemic recovery, 226 Fifth Avenue is well positioned to benefit from continued demand, rental growth, and long-term capital appreciation.
The offering represents a compelling opportunity to acquire a boutique commercial asset with immediate income and meaningful future upside. With the potential to reposition the ground and lower levels upon lease expiration, continued demand for boutique office space, and the transformative impact of New York City’s recently enacted City of Yes zoning reforms and the Midtown South Mixed-Use (“MSMX”) rezoning, the Property offers investors and owner-users a unique opportunity to participate in the continued evolution of one of Manhattan’s most dynamic neighborhoods.
The Property comprises 13,300 rentable square feet with 22.5 feet of prime Fifth Avenue frontage. The ground floor and lower level (5,000 total RSF) are leased to Rëzo Salon and feature an extravagant, high-quality buildout. With the existing lease expiring in November 2026, the space can potentially be delivered vacant, creating an exceptional opportunity for an owner-user seeking a prominent retail, showroom, or experiential space on Fifth Avenue.
The five upper floors consist of full-floor commercial spaces, leased to a diverse mix of professional, wellness, and service-oriented tenants, including a real estate office, facial
therapy, and spa users. The boutique scale, full-floor layouts, and direct elevator access provide an attractive configuration for a broad range of office and creative users. NoMad has also emerged as a preferred destination for technology and AI companies seeking high quality, boutique office space in highly amenitized, transit-rich locations.
226 Fifth Avenue offers exceptional connectivity, with the and subway lines all within a 1-2-minute walk. The Property also benefits from convenient access to PATH,
Penn Station, and regional commuter rail, providing connectivity throughout New Jersey, Long Island, and the broader Northeast corridor. This unparalleled transportation access enhances the Property’s appeal to both employers seeking to attract top talent and businesses requiring convenient access for clients and employees.
The Property is strategically located at the convergence of NoMad, Flatiron, Union Square, Chelsea, and Madison Square Park, surrounded by some of Manhattan’s most established office, retail, hospitality, and residential destinations. As Midtown South and NoMad continue to outperform many competing office submarkets in leasing activity and post-pandemic recovery, 226 Fifth Avenue is well positioned to benefit from continued demand, rental growth, and long-term capital appreciation.
The offering represents a compelling opportunity to acquire a boutique commercial asset with immediate income and meaningful future upside. With the potential to reposition the ground and lower levels upon lease expiration, continued demand for boutique office space, and the transformative impact of New York City’s recently enacted City of Yes zoning reforms and the Midtown South Mixed-Use (“MSMX”) rezoning, the Property offers investors and owner-users a unique opportunity to participate in the continued evolution of one of Manhattan’s most dynamic neighborhoods.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Taille du bâtiment
13 300 pi²
Classe d’immeuble
C
Année de construction
1930
Prix
13 789 400 $ CAD
Prix par pi²
1 036,80 $ CAD
Pourcentage loué
87%
Location
Multiples
Hauteur du bâtiment
6 étages
Superficie de plancher typique
2 000 pi²
Dalle à dalle
12’
Coefficient d’occupation des sols de l’immeuble
6,11
Taille du lot
0,05 AC
Zonage
C5-2 - district commercial central avec façade commerciale continue destinée aux bureaux et aux établissements de vente au détail desservant toute la région métropolitaine
Commodités
- Ligne d'autobus
Impôts fonciers
| Numéro de lot | 0828-0040 | Évaluation des bâtiments | 1 374 653 $ CAD |
| Évaluation du terrain | 682 734 $ CAD | Évaluation totale | 2 057 387 $ CAD |
Impôts fonciers
Numéro de lot
0828-0040
Évaluation du terrain
682 734 $ CAD
Évaluation des bâtiments
1 374 653 $ CAD
Évaluation totale
2 057 387 $ CAD
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