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    261 3Rd Ave New York, NY 10003

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    For Lease
    Contact for pricing

    Corner retail space in new construction with luxury condos.

    Property size:
    1,750 SF
    Lot size:
    0.17 Acres

    Property Features for 261 3Rd Ave

    General Information

    Size
    1,750 SF
    Lot size
    0.17 Acres

    Source: RIPCO Real Estate - Corporate Agent Abraham R. Dayan

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

    Overview

    Retail Space in New Construction

    This corner retail space is located in a new construction building that includes 65 luxury condo units above. The property has HVAC in place. Venting is possible via precipitator. Logical divisions of the 1,750 square feet space are considered.
    Location Intelligence

    Current Use by Public Records

    Spectrum Store Internet Service Provider Miles Fashion Inc Clothing Store

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    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
    -73.9839859
    Latitude
    40.7373799

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    FAQs

    What type of property is this?
    Retail space - Corner retail space in new construction with luxury condos.
    Where is this retail space located?
    The property is located at 261 3Rd Ave New York, NY.
    What are key features of this property?
    This property features: - New construction with 65 luxury condo units above; - Corner space provides excellent visibility; - HVAC in-place
    (212) 750-6565
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    261 3Rd Ave New York, NY 10003
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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
    261 3Rd Ave New York, NY 10003
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