The building is a seven-story, circa 1920 mixed-use property with approximately 18,500 rentable square feet and 16,095 square feet of air rights. It was recently renovated with a new elevator and offers column-free floor plates of approximately 2,500 RSF. The property was delivered 100% vacant in late 2025 and was acquired by Liberty Bagels for $9.4 million. The buyer plans to build out the first-floor retail and basement levels for a new Liberty Bagel unit, making the ground-floor retail space available for a premier tenant.

Key Features

Prime Midtown East / Fifth Avenue Location

• Situated on East 47th Street between Fifth and Madison Avenues—at the epicenter of Midtown East, a high-demand submarket and central hub for business activity
• Steps from Fifth Avenue, one of the world’s most recognized and trafficked shopping corridors, home to luxury flagships from global brands
• Surrounded by corporate headquarters, financial institutions, luxury hotels, and premier office buildings
• Walking distance to Grand Central Terminal, Bryant Park, Rockefeller Center, and Penn Station

Strong Foot Traffic & Visibility

• The area captures some of the highest foot traffic in Manhattan, anchored by major global retailers and premier office buildings
• Pedestrian traffic data shows significant volume on surrounding streets: Lexington Avenue at 47th Street sees approximately 24,877 vehicles daily, and Madison Avenue near 45th Street sees approximately 11,926 vehicles daily
• Excellent exposure from its location just off Fifth Avenue, with a secondary address through Liberty Grand Central Realty branding

Premium Retail Layout – ~2,500 SF

• Approximately 2,500 SF of ground-floor retail space with high ceilings and an open layout for flexible configuration
• Column-free floor plates allow for creative merchandising, seating, or display layouts
• A full glass façade provides exceptional visibility and signage opportunities
• The building also features commercial space in the basement, available for expansion or back-of-house operations
• At approximately $28.00 per square foot, this represents a competitive rate for a flagship-quality retail space in this premier Midtown East location

Exceptional Transit Access

• Unparalleled connectivity with multiple transit options:
• B, D, F, M trains at Rockefeller Center / 47th–50th Street
• 7 train at Fifth Avenue / Bryant Park
• N, Q, R, W trains at 49th Street
• 4, 5, 6, 7, S trains at Grand Central Terminal (short walk)
• Walking distance to Grand Central Terminal, Penn Station, and Port Authority Bus Terminal
• Easy connectivity to all of Manhattan, Brooklyn, Queens, and the broader NYC metropolitan area

Diverse & High-Value Customer Base

This premier Fifth Avenue-adjacent location serves a broad and high-value customer base including:

• Corporate executives and professionals from surrounding Fortune 500 headquarters
• International tourists and luxury shoppers
• Hotel guests from nearby luxury accommodations
• Grand Central commuters
• Fifth Avenue flagship shoppers
• Manhattan residents and professionals

Ideal For Businesses Such As

• Flagship retail or luxury boutique
• High-end jewelry or watch showroom
• Gourmet food or specialty retail
• Coffee shop or café with seating
• Beauty or skincare salon
• Professional services or medical practice
• Art gallery or exhibition space
• Technology showroom
• Gourmet market or confectionery

Highlights

✔ ~2,500 SF of prime retail space in Midtown East
✔ $70,000/month — competitive pricing at approximately $28.00 per square foot
✔ Prime East 47th Street location between Fifth and Madison Avenues
✔ Steps from the Fifth Avenue shopping corridor and Grand Central Terminal
✔ Recently renovated 1920 building with new elevator and column-free floor plates
✔ Full glass façade offering exceptional visibility and signage opportunities
✔ Unparalleled transit access to multiple subway lines, Grand Central, and Penn Station
✔ High foot traffic from corporate professionals, tourists, and luxury shoppers
✔ Spacious, flexible open layout suitable for flagship retail, showroom, or service concepts
✔ Prestigious Midtown address in the heart of Manhattan’s business and retail core

Conclusion

5 East 47th Street offers an exceptional opportunity to establish a premium retail presence in one of Manhattan’s most prestigious and heavily trafficked corridors. With approximately 2,500 SF of flexible, column-free retail space, outstanding street visibility just steps from Fifth Avenue, unparalleled transit access, and a customer base of corporate executives, luxury shoppers, and international tourists, this property is ideally positioned for high-end retail, showrooms, gourmet concepts, or service-oriented businesses seeking a flagship location in the heart of Midtown East.

Whether you’re opening a luxury boutique, jewelry showroom, specialty food market, café, or professional services office, this prime East 47th Street location provides the visibility, accessibility, and customer base needed to thrive in one of New York City’s most sought-after commercial districts.

Contact us today to schedule a private tour and secure this outstanding Midtown East retail opportunity!