Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    587 3Rd Ave New York, NY 10016

    • Warehouses
    • 2,087 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 587 3Rd Ave

    Property size
    2,087 SF
    Property type
    Warehouses
    Property subtype
    Retail properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9759
    Latitude
    40.7484

    Comparable in this City

    • Value Estimation by Request
      63 SF

      31-33 28th Stsu-12

      WAREHOUSE, STORAGE • 63 SF
      31-33 28th Stsu-12, New York, NY 10016
      View Details
    • Value Estimation by Request
      23 SF

      31-33 28th Stsu-4

      WAREHOUSE, STORAGE • 23 SF
      31-33 28th Stsu-4, New York, NY 10016
      View Details
    • Value Estimation
      $2,115,000
      26 SF

      31-33 28th Stsu-15

      WAREHOUSE, STORAGE • 26 SF
      31-33 28th Stsu-15, New York, NY 10016
      View Details
    • Value Estimation by Request
      28 SF

      31-33 28th Stsu-14

      WAREHOUSE, STORAGE • 28 SF
      31-33 28th Stsu-14, New York, NY 10016
      View Details
    • Value Estimation
      $3,050,000
      53 SF

      31-33 28th Stsu-11

      WAREHOUSE, STORAGE • 53 SF
      31-33 28th Stsu-11, New York, NY 10016
      View Details
    • Value Estimation by Request
      25 SF

      31-33 28th Stsu-7

      WAREHOUSE, STORAGE • 25 SF
      31-33 28th Stsu-7, New York, NY 10016
      View Details

    Similar Nearby for Sale

    • $7,250,000
      1,000 SF

      National QSR Franchise for Sale

      High-Growth QSR Franchise Opportunity
      0 Award Winning Rapidly Expanding National Quick-Serve Franchisor Seeks Sale, New York, NY 10016
      View Details
    • $10,000,000
      17,500 SF

      Chelsea Mixed-Use Building for Sale

      Seven-story mixed-use building in Chelsea with retail and office space.
      242 W 27Th St, New York, NY 10016
      View Details
    • $6,500,000
      7,680 SF

      Retail Property in Prime Location

      Retail property available for sale in New York, NY.
      39 E 31St St, New York, NY 10016
      View Details
    • $2,850,000
      1,272 SF

      Retail Condominium Unit in Nomad

      Retail condominium unit with 1,272 SF in Nomad, New York.
      127 Madison Ave, New York, NY 10016
      View Details
    • $10,500,000
      10,281 SF

      Vacant Midtown Commercial Building

      Two-story commercial building in Midtown Manhattan with development potential.
      28-30 W 37Th St, New York, NY 10016
      View Details
    • $4,000,000
      6,850 SF

      Manhattan Retail Condo Near Broadway

      3,850 SF retail condo with 3,000 SF storage.
      31 W 31St St, New York, NY 10016
      View Details

    Similar Nearby for Lease

    • $100,800
      1,363 SF

      Profitable Midtown Deli - NYC

      Established Deli, High-Traffic Location, Liquor License Included
      720 2Nd Ave, New York, NY 10016
      View Details
    • $72 SF/Yr
      1,000 SF

      Prime Third Ave Retail Space

      1,000 sq ft, Murray Hill, Immediate Occupancy
      0 3Rd Ave, New York, NY 10016
      View Details
    • Contact for pricing
      4,458 SF

      Prime NYC Retail Space Available

      Manhattan Retail - Multiple Units
      609 2Nd Ave, New York, NY 10016
      View Details
    • $60 SF/Yr
      1,000 SF

      Prime Murray Hill Retail Space

      1,000 SF Retail Store, Immediate Occupancy
      0 Retail Space On 3 Ave In Murray Hl, New York, NY 10016
      View Details
    • Contact for pricing
      3,887 SF

      Retail Space on Park Avenue

      Retail property available for lease in New York, NY.
      200 Park Ave S, New York, NY 10016
      View Details
    • $52 SF/Yr
      1,500 SF

      Lexington Ave Office Space For Lease

      Prime Midtown Manhattan Office, 1500 sq ft
      343 Lexington Ave, New York, NY 10016
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    587 3Rd Ave
    New York, NY 10016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.