600 3Rd AveNew York, NY 10016

Property Details for 600 3Rd Ave

Year built

1970

Lot size

0.57 AC

Property size (Sq ft)

493,860 SF

Zone code

C5-3

Property type

Office buildings

APN

00895-0045

APU

8950045

Description

This exceptional Class A office space at 600 Third Avenue in Midtown East, New York, NY 10016 offers a variety of flexible workspace options. The building boasts 21,382 square feet of total space, with 5,970 square feet currently vacant, divisible into units as small as 10 square feet and up to a contiguous 1,300 square feet. The property features 350 total suites, catering to diverse business needs. Renovated in 2019, this building offers modern amenities including elevators. Its prime location provides easy access to Grand Central Terminal and Penn Station, placing tenants within walking distance of Times Square and the Theater District. Enjoy stunning views of the Empire State Building and Midtown Manhattan through spectacular glass facades and floor-to-ceiling windows. The building is situated in New York County and offers a variety of office subtypes including executive office, coworking, creative office, and traditional office spaces to suit various business models. This is a multi-tenant building, perfect for businesses of all sizes seeking a prestigious address in the heart of Manhattan. The building's modern design and convenient location make it an ideal choice for companies seeking a vibrant and productive work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $81,649,808

  6.5%

  $75,369,056

  7%

  $69,985,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $64,527,748

  Geo Method

  $64,527,748

• Alternative Use

  Use

  Valuation

  Residential

  $93,457,632

  Hospitality

  $85,606,688

  Educational

  $71,223,760

  Medical

  $73,673,248

  Retail

  $110,792,512

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7494

Longitude

-73.976

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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