Commercial Investment Property for Lease – 581 Fifth Avenue, New York, NY 10017
Asking Rent: $21,000 / Month
Available Space: 3,474 Sq. Ft.
Property Type: Commercial (Office/Retail)
Architectural Style: Mid-Rise Commercial
Year Built: N/A
Availability: Immediate
Property Overview
Located in Midtown Manhattan along the prestigious Fifth Avenue corridor, 581 Fifth Avenue offers 3,474 square feet of prime commercial space. With a highly visible storefront and flexible interior layout, the property is well-suited for boutique retail, showroom, or professional office tenants. Its proximity to Grand Central Terminal, Bryant Park, and Rockefeller Center ensures heavy foot traffic and strong demand from both local and international clients.
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Key Features
- Total Area: 3,474 sq. ft.
- Asking Rent: $21,000 / Month
- Rent per Sq. Ft.: ≈ $72.52 / SF per year
- Stories: Multi-level mid-rise commercial building
- Construction: Masonry façade with updated infrastructure
- Location Advantage: Excellent visibility on Fifth Avenue in Midtown East
Interior Highlights
- Layout: Open-plan space adaptable for retail, showroom, or office use
- Ceiling Height: High ceilings allowing strong display potential
- Amenities: Modernized systems with flexible build-out options
- Accessibility: Steps from major subway lines and Grand Central Terminal
Utilities & Systems
- Heating: Central system
- Cooling: Central HVAC
- Infrastructure: Updated mechanical and utility systems
Taxes
- Property Taxes: Determined by lease terms
- Tax Year: 2025
Summary
The property at 581 Fifth Avenue presents an affordable yet prestigious Midtown leasing opportunity. With 3,474 sq. ft. of flexible commercial space, excellent Fifth Avenue frontage, and proximity to Grand Central and Bryant Park, it is ideal for retailers, showrooms, or boutique office tenants looking to establish a presence in one of Manhattan’s busiest commercial corridors.
