Property profile

1062 3Rd Ave New York, NY 10065

OFF-MARKET
Retail properties & Spaces
4,886 SF
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 1062 Third Avenue, in the heart of Manhattan's Upper East Side. The property, formerly occupied by Santander Bank, boasts a total of 4,886 square feet, currently entirely vacant and available for lease. Three individual spaces are available, ranging from a minimum of 923 square feet to a maximum contiguous space of 2,275 square feet. The property benefits from a prime corner location with expansive floor-to-ceiling windows providing excellent visibility and natural light onto Third Avenue. This high-traffic location offers unparalleled exposure to a dense population of affluent residents and significant foot traffic. The property's strategic location provides easy access to multiple subway lines, ensuring convenient access for customers and employees. The surrounding area is anchored by a strong mix of high-end retailers and financial institutions, including prominent neighbors such as Citibank, Chase, TD Bank, Bloomingdale's, Ethan Allen, and Equinox. This location offers an unparalleled opportunity for businesses seeking a prestigious address in one of Manhattan's most desirable neighborhoods. The property is situated in New York County. All 4,886 square feet are currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,886 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank

Location

1062 3Rd Ave New York, NY 10065
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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