587 3Rd Ave, New York, NY 10016
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.