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    3Rd Ave New York, NY 10016

    Sponsored
    For Lease
    $72 SF/Yr

    1,000 sq ft, Murray Hill, Immediate Occupancy

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, ideally situated on Third Avenue in the vibrant Murray Hill neighborhood of New York City (zip code 10016), presents a unique investment opportunity. The property offers a total of approximately 1,000 square feet, comprised of roughly 540 square feet on the main level and an additional 460 square feet in the basement. The space is available for immediate occupancy with a negotiable lease term and a monthly rent of $6,000, translating to $72 per square foot. The property is offered in as-is condition. While specific details regarding taxes, utilities, and landlord improvements are not available at this time, potential tenants are encouraged to inquire. All dimensions are approximate

    Property Features for 0 3Rd Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Size
    1,000 SF
    Rate per SF
    $72

    HighLights

    • 1,000 SF retail space in Murray Hill, NYC (10016).
    • 540 SF main level + 460 SF basement.
    • $6,000/month rent ($72/SF).
    • Immediate occupancy, negotiable lease terms.
    • As‑is condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9773299
    Latitude
    40.7465146

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    FAQs

    What type of property is this?
    Retail property - 1,000 sq ft, Murray Hill, Immediate Occupancy
    Where is this retail property located?
    The property is located at 3Rd Ave New York, NY.
    What is the lease rate?
    The lease rate is $72 SF/Yr.
    What are key features of this property?
    This property features: 1,000 SF retail space in Murray Hill, NYC (10016).; 540 SF main level + 460 SF basement.; $6,000/month rent ($72/SF).
    Request Owner's contact information
    3Rd Ave New York, NY 10016
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    New York, NY 10016
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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
    3Rd Ave New York, NY 10016
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