711 3Rd AveNew York, NY 10017

Property Details for 711 3Rd Ave

Year built

1956

Lot size

0.89 AC

Property size (Sq ft)

544,150 SF

Zone code

C5-3

Property type

Retail properties

Property subtype

Banks

APN

01318-0001

APU

13180001

Description

This exceptional executive office opportunity is located at 711 3rd Avenue in the heart of Midtown Manhattan, New York, NY 10017. The property, a substantial 600,000 square foot building, offers multiple tenancy options within a vibrant commercial setting. Currently, there are three available spaces ranging from a minimum of 2,111 square feet to a maximum contiguous space of 4,424 square feet. A total of 4,419 square feet is currently vacant and ready for immediate occupancy. The building's classification includes both retail and office space, making it an ideal location for businesses seeking high visibility and convenient access to a diverse range of amenities. Situated in New York County, this property benefits from its prime location in one of the world's most dynamic business districts. The address, 711 3rd Avenue, provides excellent accessibility and high profile exposure. This is an unparalleled chance to secure prestigious office space in a highly sought-after area of New York City. The flexible space options cater to a variety of business needs and sizes, offering a unique opportunity for growth and expansion. Inquire today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $132,247,448

  6.5%

  $122,074,568

  7%

  $113,354,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,168,576

  Geo Method

  $179,168,576

• Alternative Use

  Use

  Valuation

  Residential

  $102,974,464

  Hospitality

  $94,324,056

  Educational

  $78,476,504

  Medical

  $81,175,432

  Retail

  $122,074,568

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7522

Longitude

-73.9728

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].