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    OFF-MARKET
    Warehouses

    587 3Rd Ave, New York, NY 10016

    2,087 SF
    Property ID
    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 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 profile
    Verified
    Property type Warehouses
    Total area 2,087 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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