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552 7th Ave

Garment District, New York, NY
Floors
6
Total Size
25,808 sqft
Lot Size
0 acres
Year Constructed
1920
Year Renovated
0
Number of Buildings
1

About 552 7th Ave

The New York City low-rise located at 552-554 7th Avenue is also known as 552 Fashion Avenue due to its prime location in the Garment District. The building was built in 1920, and has six stories and 25,808 square feet of rentable retail and office space. The building is also known as the Rialto Building, due to this inscribed name above the entrance.

Office space has some build-outs, showrooms, and most have hardwood floors. Good light streams through the loft space’s large windows, which face 7th Street. Central air provides excellent interior air quality. Office tenants include, among others, Belldini, and The Performing Option, Inc.

The ground floor has two retail units, with combined frontage of 49 feet. Both spaces have outstanding floor-to-ceiling storefront windows and highly visible, individuated signage. Current tenants are New Star Café and Nut Castle, a confectionery shop.

The Rialto Building, located a few blocks from Times Square and near the convergence of Broadway with 7th Avenue, is a heavily traveled street with many potential clients. It is also just steps from all public transportation, including Times Square Station, the Port Authority, PATH station, including multiple subway lines: A, C, E, 1, 2, 3, 7, B, D, F, M, N, Q, R, and S trains.

The historical building’s most notable feature is the stunning glass and brass entrance way, which forms a high, elegant arch. The arched entrance has a bright, cream-colored framing, which highlights the beauty of the doorway. The restored hallway and lobby within have soaring ceilings and lovely period design elements.

Internet Providers for 552 7th Ave

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications Fiber
10 Gb/s
10 Gb/s
Cablevision/Lightpath Fiber
10 Gb/s
10 Gb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Garment District

The typical asking rate per listing is in the $50's per square foot per year. The Garment District submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decline in rent.

Compared to the rest of the New York City market, the Garment District region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Garment District $59
/sqft/yr
2,500
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in Garment District