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Commercial Development Site

192 3rd Avenue, New York, NY 10003

For Sale
Contact for pricing

The parcel includes a vacant retail building and offers as-of-right development capacity under its commercial overlay zoning.

Property SizeContact for details
Days on Market43

Property Features for 192 3rd Avenue

General Information

Standard status Active
Property subtype Retail, Land

Site & Location

Neighborhood Downtown
Listing Agency: Invictus Property Advisors
Listed By: Chase Kirkpatrick · License #10401366811
Source: Crexi
Added: Sep 28 Changed: Nov 8 Last Checked: Nov 8 at 3:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Invictus Property Advisors

Rey
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Investment Insights

Based on property information with market context.

At 192 3rd Avenue, the 2,300-square-foot parcel is improved with a vacant, two-story retail building containing 4,232 square feet. Zoning comprises a C1-9A commercial overlay within an R10A district. The site allows 23,000 buildable square feet as-of-right, with capacity of up to 27,600 buildable square feet under the Universal Affordability Preference.

The property is four blocks from Union Square Subway Station, served by the 4, 5, 6, N, Q, R, and W trains, and three blocks from Gramercy Park.

Key Highlights

  • 23,000 buildable square feet as‑of‑right; up to 27,600 under the Universal Affordability Preference
  • 2,300‑square‑foot lot with a two‑story, 4,232‑square‑foot retail building
  • C1‑9A commercial overlay within an R10A district

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pilates Habitat Gym & Fitness Center Independence Fitness Coaching Gym & Fitness Center Triona's On Third Bar & Pub

Suggested Use

Top Pick Auto Parts Store Nursing Home Auto Repair Shop Buffet Adult Day Care Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

41,091
Businesses Nearby

Demographics for 10003, NY

57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in New York

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - The parcel includes a vacant retail building and offers as-of-right development capacity under its commercial overlay zoning.
Where is this commercial land located?
The property is located at 192 3rd Avenue New York, NY.
What are key features of this property?
This property features: 23,000 buildable square feet as‑of‑right; up to 27,600 under the Universal Affordability Preference; 2,300‑square‑foot lot with a two‑story, 4,232‑square‑foot retail building; C1‑9A commercial overlay within an R10A district
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