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    942 3Rd Ave New York, NY 10022

    For Lease
    Contact for pricing

    Full building opportunity in high-traffic area near subway.

    Property size:
    2,351 SF
    Lot size:
    0.06 Acres

    Property Features for 942 3Rd Ave

    General Information

    Size
    2,351 SF
    Lot size
    0.06 Acres

    Source: Retail By MONA Agent Brandon L. Singer

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

    Overview

    Prime Retail Space on 3rd

    This property presents a rare opportunity to lease an entire building. The location benefits from visibility on 57th Street and is conveniently located near the N, R, and W subway lines. Situated in a heavily trafficked corridor, the area features a mix of dense residential and office buildings. The property is surrounded by a strong co-tenancy of well-known furniture brands and a variety of retailers, including home furnishings, restaurants, banks, and grocery stores. Currently occupied by Modani Furniture, the property is suitable for all uses. The property size is 2351 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Modani Furniture Furniture Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Law Firm 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
    -73.9679471
    Latitude
    40.7599921

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    FAQs

    What type of property is this?
    Office building - Full building opportunity in high-traffic area near subway.
    Where is this office building located?
    The property is located at 942 3Rd Ave New York, NY.
    What are key features of this property?
    This property features: - Rare full building opportunity.; - High visibility from 57th Street.; - Heavily trafficked corridor with dense residential and office buildings.
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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
    942 3Rd Ave New York, NY 10022
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