Office

500-506 Seventh

500-506 7th ave new york, ny, 10018, new york, NY 10018

Price

Price on request

Description

Now available for sublease, office 500-506 Seventh located at 500-506 7th Ave New York, New York 10018. Available square footage 12,803 - 25,721 SF.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

500-506 7th ave new york, ny, 10018, new york, NY 10018

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the New York City Area office market showed average asking rents near $45.36/SF/yr. Source: CBRE Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$45.36/SF/yr

Estimated sale value

$464–$603/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 CBRE data (cap rate 4.5%, asking rent held flat).

View the full New York City Area Office market report →

Compare it against other office listings for sale in New York, NY to benchmark pricing and space — view the full market.

Unified Estimate

Medium Confidence

$590.08/SF-$798.34/SF

Mid: $694.21/SF

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

2025 – 2026 · county sold comps + market trendsFIPS 36081

Medium Confidence

Avg Rent ($/SF/yr) (market data)
Median $/SF (sold)
Vacancy %

Market asking rent (quarterly avg)Median sale price / SFVacancy rate (right axis)P25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.