Republic Point$61.50 – $74.87/SF/yr FS
551 W 57th St
13,900 SF of Office space available at 551 W 57th St, New York, NY 10010. For Lease through Granite Peak Realty.
For LeaseStatus
13,900 SFAvailable
$74.48/SFAsking rent
2009Year built
CClass
Property facts
| Property type | Office |
|---|---|
| Building class | C |
| Rentable area | 87,200 SF |
| Available | 13,900 SF |
| Stories | 3 |
| Year built | 2009 |
| Typical floor | 29,066 SF |
| Lot size | 0.57 acres |
| Parking ratio | 4.4/1,000 SF |
| Occupancy | 84.0% |
| Zoning | O-2 |
| Parcel ID | 86-809-5566 |
| Submarket | Flatiron / Union Square |
| Market | New York City |
| Days on market | 136 |
| Walk Score | 71 |
| Transit | Light rail 5 min |
| Listing package | Basic |
Building amenities
Roof Terrace, Property Manager on Site, Signage, Conference Facility, Restaurant, LEED Gold
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P LBBY | Coworking | Direct | 13,900 | $76.98/SF | Negotiable | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Longhorn Data Systems | Professional Services | 1 | 9,900 | 2022-11-01 |
| Quantum Ledger | Retail | 3 | 12,050 | 2023-12-01 |
| Lumen Biosciences | Engineering | 3 | 5,250 | 2033-04-01 |
| Vector Dynamics | Retail | 1 | 20,630 | 2028-06-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2026-05-09 | $9.61M | $110.25 | 6.30% | Hudson Gate Partners | Northstar REIT |
| 2020-12-31 | $19.24M | $220.63 | 7.73% | Gulf Coast Realty Partners | Passaic Valley Holdings |
| 2018-06-14 | $13.06M | $149.77 | 5.48% | Quarry Point Partners | Oakridge Development |
Public record
| Owner of record | Potomac Realty Trust LLC |
|---|---|
| Assessed value | $22.51M |
| Land value | $7.4M |
| Improvement value | $15.12M |
| Annual tax | $360K |
| Tax year | 2026 |
| Lot size | 24,829 SF |
| Last deed | 2020-11-05 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 32 BLK 863 FLATIRON / UNION SQUARE ADDN |
Location
551 W 57th St
New York, NY 10010
Flatiron / Union Square submarket · New York City market
40.75011, -73.98658
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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