587 3Rd Ave New York, NY 10016

OFF-MARKET

Warehouses

2,087 SF

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This exceptional commercial property at 587 3rd Avenue in New York City, NY 10016 offers a rare opportunity to lease warehouse space in a vibrant Midtown location. The building, totaling 2,087 square feet, is currently fully vacant and available for immediate occupancy. The property is classified as both retail and industrial, making it suitable for a variety of uses. Multiple tenancy options are available, with individual units ranging from a minimum of 830 square feet to a maximum contiguous space of 1,257 square feet. The warehouse boasts a generous ceiling height of 16 feet, providing ample vertical space for storage or high-volume operations. With a 20-foot frontage, the property offers excellent street visibility and accessibility. Located in New York County, this property benefits from the energy and convenience of a central Manhattan address. The property is ideal for businesses seeking flexible space options in a prime, high-traffic area. Contact us today to schedule a viewing and explore the possibilities this unique warehouse space offers.

Property type Warehouses

Total area 2,087 SF

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

587 3Rd Ave New York, NY 10016

New York metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation by Request
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Value Estimation by Request
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Value Estimation by Request
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Value Estimation by Request
3,200 SF

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Value Estimation
$95,000

63 SF

31-33 28th Stsu-12

WAREHOUSE, STORAGE

31-33 28th Stsu-12, New York, NY 10016

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Value Estimation
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26 SF

31-33 28th Stsu-15

WAREHOUSE, STORAGE

31-33 28th Stsu-15, New York, NY 10016

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