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    885 3Rd Ave New York, NY 10022

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    For Lease
    Contact for pricing

    Class A office space in Manhattan's iconic Lipstick Building.

    Property size:
    13,884 SF
    Lot size:
    0.63 Acres

    Property Features for 885 3Rd Ave

    General Information

    Size
    13,884 SF
    Lot size
    0.63 Acres

    Source: SL Green Realty Corp - Corporate Agent Larry Swiger

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

    Overview

    Iconic Lipstick Building Office Space

    Located at the corner of Third Avenue and East 53rd Street, 885 Third Avenue, also known as “The Lipstick Building,” is a 34-story skyscraper containing over 600,000 square feet of Class A office space. The building incorporates a public plaza and Wolfgang’s Steakhouse. The building is located near the Lexington Avenue-53rd Street station, providing access to the E/M/6 subway lines, and is a short walk to Grand Central Terminal. Designed in 1986 as a collaboration between John Burgee Architects and Phillip Johnson, the building is an example of the postmodern style. The ovoid tower rises in three tiers above a classical colonnade with Art Deco details. Recent upgrades include a new lobby with a coffee bar, new elevator cabs, upgraded landscaping, and façade restoration and cleaning. The available space is 13,884 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Brian Cohen, J.D. Attorney Jonathan Stein, J.D. Attorney Freund Hugh J Attorney Hertz Michael K Attorney Demetra Popi Karamanos Attorney

    Suggested Use

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

    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
    -73.9689869
    Latitude
    40.7579438

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    FAQs

    What type of property is this?
    Office building - Class A office space in Manhattan's iconic Lipstick Building.
    Where is this office building located?
    The property is located at 885 3Rd Ave New York, NY.
    What are key features of this property?
    This property features: - Iconic "Lipstick Building" with unique postmodern design.; - Class A office space in prime Manhattan location at Third Avenue and East 53rd Street.; - Convenient access to E/M/6 subway lines and Grand Central Terminal.
    (212) 594-2700
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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
    885 3Rd Ave New York, NY 10022
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