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    685-697 3Rd Ave New York, NY 10017

    For Lease
    Contact for pricing

    Renovated Class A office space near Grand Central Terminal.

    Property size:
    13,717 SF
    Lot size:
    0.75 Acres

    Property Features for 685-697 3Rd Ave

    General Information

    Size
    13,717 SF
    Lot size
    0.75 Acres

    Source: CBRE | Midtown Manhattan Agent Paul J. Amrich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Office Tower Space

    The available space features a high-end prebuilt layout that includes 3 conference rooms, 4 offices, 2 phone booths, a pantry, and an open area. Located at 685 Third Avenue, this Class A office tower is known for its location and tenant services. The building has undergone a complete renovation, including a new facade, lobby, and elevators, as well as upgrades to building systems such as the HVAC and electrical systems. It is equipped with advanced communications for both fiber optic and cable connections. The property is situated one block east of Grand Central Terminal, in a heavily trafficked office and retail area with access to subway, bus, and Metro-North transportation lines. The available office space measures 13,717 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Hair Salon Spa & Massage Nail Salon Food Market Dental Office Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9733989
    Latitude
    40.7518983

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    FAQs

    What type of property is this?
    Office space - Renovated Class A office space near Grand Central Terminal.
    Where is this office space located?
    The property is located at 685-697 3Rd Ave New York, NY.
    What are key features of this property?
    This property features: - Preeminent location one block east of Grand Central Terminal with easy access to transportation.; - Class A office tower with complete renovation including new facade, lobby, and elevators.; - **High-end prebuilt space featuring 3 conference rooms, 4 offices, 2 phone booths, pantry and open area.**
    (212) 984-8000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    685-697 3Rd Ave New York, NY 10017
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