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    501 3Rd Ave New York, NY 10016

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    For Lease
    Contact for pricing

    2,995 SF, Single Tenant, NYC

    Lot size:
    2,995 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,995 square foot medical office space is ideally located at 501 3rd Avenue in the heart of Midtown Manhattan, New York, NY 10016. The property boasts a single-tenant occupancy, presenting a unique opportunity for a medical practice seeking a prominent location. The building offers a spacious layout with a generous 16-foot ceiling height, providing ample room for various medical configurations and equipment. The entire space is currently vacant, allowing for complete customization to suit the specific needs of the future tenant. Situated in New York County, this property benefits from excellent accessibility, with convenient access to public transportation and major thoroughfares. The address, 501 3rd Avenue, places the building within a vibrant and densely populated area, ensuring high visibility and potential for a strong patient base. This is a rare opportunity to secure a fully vacant, sizable medical office space in a prime Manhattan location. The property's size and location make it an ideal fit for a variety of medical specialties. The 16-foot ceiling height offers significant design flexibility. The single-tenant occupancy eliminates the complexities of multi-tenant management. This turnkey space is ready for immediate occupancy and offers a chance to establish a thriving medical practice in a highly sought-after area. The property's location in Midtown Manhattan ensures high visibility and easy access for patients and staff.

    Property Features for 501 3Rd Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,995 SF

    Unit(s) available at that property

    Space
    Ground floor
    Size
    2,995 SF

    HighLights

    • 2,995 SF medical office space in Midtown Manhattan, 501 3rd Avenue, currently vacant.
    • High visibility location with excellent access to public transportation.
    • Suitable for various medical specialties; 16‑foot ceilings allow for flexible design.
    Property Profile Location Intelligence

    Current Use by Public Records

    Eastlight Condominium Complex

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Law Firm 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
    -73.9779817
    Latitude
    40.7454263

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    FAQs

    What type of property is this?
    Medical office - 2,995 SF, Single Tenant, NYC
    Where is this medical office located?
    The property is located at 501 3Rd Ave New York, NY.
    What are key features of this property?
    This property features: 2,995 SF medical office space in Midtown Manhattan, 501 3rd Avenue, currently vacant.; High visibility location with excellent access to public transportation.; Suitable for various medical specialties; 16-foot ceilings allow for flexible design.
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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
    501 3Rd Ave New York, NY 10016
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