The Plan

Retail at 585 Fifth Avenue Hits the Market in Big Way

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Having been occupied by smaller-scale retailers for nearly 40 years, space at 585 Fifth Avenue is back on the market with more than 6,000 square feet available across the basement, ground, second and third floors.

A smaller building, 585 Fifth Avenue, presents a unique opportunity for retailers looking for a presence on one of New York’s most prominent shopping corridors. With flexible ownership, potential tenants will have plenty of opportunity to place their own mark on the area, and with Karen Millen and H&M set to appear on the same block, the property will benefit from tremendous foot traffic.

Perfectly suited for apparel, shoe, cosmetic and jewelry retailers, the space at 585 Fifth Avenue is asking $2.25 million per year in rent. “One block north, [rent] doubles, yet you are still pulling in the same customers—this is actually a bargain,” said Joseph Isa of Winick, who is marketing the space. Mr. Isa spoke with The Commercial Observer last week about ownership’s flexibility and the unique opportunities available to tenants.

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On the Market

Unique Fifth Avenue Retail Space Is on the Market

585 Fifth Avenue

An unusual small floor-plate building on an evolving stretch of Fifth Avenue is on the market.

The retail space at 585 Fifth Avenue features 6,100 square feet of retail space spread out between the lower-level, ground, second and third floors. Joseph Isa and Brian Tregerman of Winick Realty Group are marketing the property on Fifth Avenue between 47th and 48th Streets. Read More