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Updated 30 minutes ago

516 East 5th Street


New York, NY

Studio - 2 Bed
•
1 Bath

200 - 400 Sq. Ft.

Available starting Aug. 1st
Floor plans
Studio • 1 Bath
$2,650 - $2,750
200 ft2
3 Available
Managed By: MetroNest, LLC
Unit 15
$2,675
Available Aug 1st, 2025
View
Unit 07
$2,650
Available Sep 1st, 2025
View
A
$2,750
Available Dec 1st, 2025
View
View Rented Units
2 Beds • 1 Bath
$4,300
400 ft2
1 Available
Managed By: MetroNest, LLC
01DU
$4,300
Available Aug 1st, 2025
View
View Rented Units
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Where you'll live
Street View
Map View
Satellite View
516 East 5th Street
516 East 5th Street
516 East 5th Street
Location ratings
Walk Score®
100
Walker's Paradise
Amenities
Gated Entry
Short Term Lease
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Other:

We may ask to interview your pet during the approval process

Restrictions:

Pets not allowed in furnished rentals

Lease & Fees
Lease Length:

None

Property details
Description

Located minutes from the shaded, leafy Tompkins Square Park and vibrant St. Marks Place, 516 East 5th Street is a convenient and affordable choice for an East Village apartment rental.
This classic six-story building situated in the heart of the East Village features multi-bedroom shares and convenient amenities, including four-bedroom rental apartments, keypad entry, surveillance and an intercom. The building is part of an identical string of period buildings along the street, which make a striking impression on anyone who passes by. Certain ground floor units have private gardens which provide a fantastic garden views for rear-facing East Village apartment rentals.
The East Village is close to NYU -- which means that undergraduate and graduate students from around the globe will find the apartments at 516 E 5th street a good fit. Not only are they a great value, but the multi-bedroom and co-living shares are perfect for college students, young professionals and beginning families a

Additional Details
Total Unit Count: 19
Last Updated: Updated 30 minutes ago
Contact Number: (212) 533-1300
Office Hours
Monday: 9:00 AM - 7:00 PM
Tuesday: 9:00 AM - 7:00 PM
Wednesday: 9:00 AM - 7:00 PM
Thursday: 9:00 AM - 7:00 PM
Friday: 9:00 AM - 7:00 PM
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Xchange Telecom Corp. 1000.0 1000.0
Verizon Communications Inc. 940.0 880.0
Charter Communications 940.0 35.0
Starry, Inc. 200.0 200.0
Nuvisions Solutions, LLC 100.0 100.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 516 East 5th Street by bedroom type below.
Studio
Suggested income:
$96,900
per year
2 Bedroom
Suggested income:
$154,800
per year
Rent report

516 East 5th Street Rent vs. New York Average

 516 East 5th Street      New York Average
Studio
$2,692
$3,676
$0
$1,200
$2,400
$3,600
$4,800
2BR
$4,300
$4,069
$0
$1,400
$2,800
$4,200
$5,600

516 East 5th Street is asking 27% less than the average studio apartment in New York.

If you upsized to an average priced New York 1 bedroom apartment, you would pay 7% more per month.

516 East 5th Street provides 62% less square footage than the average New York studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
516 East 5th Street
Studio $2,692 $13.50 $8,075
2BR $4,300 $10.80 $12,900
New York Average
Studio $3,676 $6.90 $11,029
1BR $3,962 $5.80 $11,886
2BR $4,069 $4.30 $12,208
3BR $4,670 $3.20 $14,009
4BR $7,715 $3.50 $23,145

Availability in New York

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 644 1BR units on the market in New York. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
19% 47% 27% 7% 1%
Available Units in New York
Studio 255
1BR 644
2BR 370
3BR 90
4BR 8
Location
Nearby Colleges

New York University

CUNY Bernard M Baruch College

The New School

Touro College

Touro College

Campus Buildings and Attractions
Distance Walking Biking Driving
Stern School of Business 0.8 mi 16 min 6 min 2 min
Kimmel Center for University Life 0.9 mi 17 min 6 min 3 min
Bobst Library 0.9 mi 17 min 5 min 3 min
School of Law 1.0 mi 20 min 6 min 3 min
Nearby Hospitals
Name Distance
New York Eye And Ear Infirmary 0.52 mi.
Mount Sinai Beth Israel 0.61 mi.
Nyu Hospital For Joint Diseases 0.69 mi.
Nearby Fire Stations
Name Distance
Washington Volunteer Fire Department 0.87 mi.
Hudson Volunteer Fire Department 1.13 mi.
Chelsea Fire Department 1.15 mi.
FAQs
Is this property currently leasing units?
Yes. There are 4 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 3 units available for move-in over the next 2 months. The soonest move-in date is August 01, 2025.
What's the square footage of the available units?
The available units range from 200 to 400 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $2,650 to $4,300. 516 East 5th Street has studio units available starting at $2,650 and 2 bedroom units available starting at $4,300.
Where is this property located?
This property is at 516 East 5th Street in New York, NY. It's 1.3 miles northeast from the center of New York.
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