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Renovated Retail and Lab-Ready Office
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345 Park Ave S, New York, NY 10010

Ground-floor retail with loft-style floors, 13- to 20-foot ceilings, and a private roof terrace as part of a full renovation.

Property Size27,500 SF
Days on Market1269

Property Features for 345 Park Ave S

General Information

Standard status Active
Size 27,500 SF
Property subtype OFFICE

Additional Details

Clear Height 20 ft

Amenities

private roof terrace
penthouse with skylight
rent-by-the-bench lab facility
Listing Agency: CBRE | Midtown Manhattan
Listed By: Matthew Dichter
Source: Moodyscre
Added: Feb 8, 2023 Changed: Jul 27 Last Checked: Jul 30 at 2:38PM

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 CBRE | Midtown Manhattan

Investment Insights

Based on property information with market context.

345 Park Avenue South offers retail space on the ground floor with loft-style floors and feature 13- to 20-foot ceiling heights. The building includes a private 8,000-square-foot roof terrace and a penthouse with a skylight.

The owner-occupied asset is undergoing a full building renovation and will consider both office and lab/life science users. Floors will be delivered demolished with new building systems and a full concession package. For lab/life science users, ownership will deliver lab-ready shell space including lab support rooms, HVAC, plumbing, and electrical infrastructure upgrades, gas connections, and fume hoods. An engineering report detailing infrastructure upgrades necessary to support laboratory use is available upon request. The building also features four sides of light with expansive north and south views over Park Avenue South, and upon completion will include a commercially available rent-by-the-bench lab facility.

Key Highlights

  • 345 Park Avenue South offers ground‑floor retail with loft‑style floors and 13- to 20‑foot ceiling heights.
  • Includes an 8,000‑square‑foot private roof terrace and a penthouse with a skylight.
  • Owner‑occupied asset with a full building renovation: delivered with floors demolished and new building systems.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Nursing Home Buffet Butcher Pet Grooming Service

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

Lease Details

20 ft
Clear height
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

60,948
Businesses Nearby

Demographics for 10010, NY

33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
Median Home Value

Market

Lease Benchmarks for New York, NY

$54.13 /SF/Yr
Avg Asking Price
$37–$65 /SF/Yr
Price Range
148,527 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Ground-floor retail with loft-style floors, 13- to 20-foot ceilings, and a private roof terrace as part of a full renovation.
Where is this office building located?
The property is located at 345 Park Ave S New York, NY.
What are key features of this property?
This property features: 345 Park Avenue South offers ground‑floor retail with loft‑style floors and 13- to 20‑foot ceiling heights.; Includes an 8,000‑square‑foot private roof terrace and a penthouse with a skylight.; Owner‑occupied asset with a full building renovation: delivered with floors demolished and new building systems.
(212) 984-8122 Call to check price and availability
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