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Financial
Distress signals
Property profile

587 3Rd Ave New York, NY 10016

OFF-MARKET
Warehouses
2,087 SF
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Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat5.9
Butcher5.5
Pet Grooming Service4.3

Location

587 3Rd Ave New York, NY 10016
County assessor · not on file Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
132 Madison Ave, New York, NY 10016-7004 $6,000,000 Dec 2025 4,728 SF
31-33 28th Stcomm, New York, NY 10016 $2,200,000 Oct 2025 5,231 SF
325 Lexington Ave, New York, NY 10016-2691 $6,650,000 Jul 2025 3,180 SF
630 1st Avecomm, New York, NY 10016-3700 $1,300,000 Feb 2025 5,595 SF
110 Madison, New York, NY 10016-7414 $206,637 Nov 2023 2,198 SF
445 5th Avea, New York, NY 10016-0133 $40,000,000 Sep 2023 2,642 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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