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Class A Office Tower
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685 3rd Avenue, New York, NY 10017

Renovated office tower near Grand Central Terminal.

Space SizeContact for details
Days on Market151

Property Features for 685 3rd Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Midtown Manhattan
Listed By: Paul Amrich
Source: Cbre
Added: Mar 25 Changed: Aug 8 Last Checked: Aug 21 at 9:12AM

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.

685 Third Avenue is a Class A office tower recognized for its prime location and tenant services. The 185,753 square-foot building has been completely renovated to accommodate modern corporate tenants. Renovations include a new facade, lobby, elevators, and infrastructure. Building systems, such as the HVAC and electrical systems, have also been upgraded. The property is equipped with advanced communications for fiber optic and cable connections. Situated one block east of Grand Central Terminal, the location benefits from heavy office and retail traffic and offers convenient access to subway, bus, and MetroNorth transportation lines. It is also a short walk to the UN.

Key Highlights

  • Preeminent location just one block east of Grand Central Terminal.
  • Class A office tower featuring a complete renovation.
  • New facade, lobby, elevators, and building systems including HVAC and electrical.

Property Analytics

Current Use

Faruqi & Faruqi, LLP Law Firm Outten & Golden LLP Law Firm Hot Pepper Agency Marketing & Advertising Wayne N Outten Law Firm Wood Smith Henning ... Law Firm

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Buffet Pet Grooming Service Clothing & Fashion Store Locksmith

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

61,874
Businesses Nearby

Demographics for 10017, NY

17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value

Market

Lease Benchmarks for New York, NY

$65.36 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
40,991 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 - Renovated office tower near Grand Central Terminal.
Where is this office building located?
The property is located at 685 3rd Avenue New York, NY.
What are key features of this property?
This property features: Preeminent location just one block east of Grand Central Terminal.; Class A office tower featuring a complete renovation.; New facade, lobby, elevators, and building systems including HVAC and electrical.
More about this property
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