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633 Third Ave 44,779 SF Office Condo Unit Offered at $18,000,000 in New York, NY 10017
Investment Highlights
- This turnkey offer provides a modern office condominium comprising the entire 7th floor of 633 Third Avenue in Midtown Manhattan.
- The property is easily accessible, sitting just steps from Grand Central Terminal with connections for subway lines, metro lines, and the LIRR.
- Qualified users can qualify for real estate tax exemptions.
- The suite offers spectacular sweeping Midtown views with full height windows on all sides and will be delivered vacant for immediate possession.
- The property boasts exceptional tenant amenities, including a high security, two story lobby with 24/7 controlled access.
Executive Summary
Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire seventh (7th) floor at 633 Third Avenue. The Property is being sold by Union for Reform Judaism (“Owner” or “URJ”), a national nonprofit organization, which has occupied the unit since 1998. The floor will be delivered vacant allowing immediate possession. URJ owns the seventh floor and the associated common areas, representing an approximate 4.319% condominium ownership interest in the building. The subject unit is identified as Block 1314, Lot 1406 on the tax maps of NYC. The seventh-floor measures approximately 44,779 rentable square feet. Other Owners of condominium interests in the building include Memorial Sloan-Kettering Cancer Center, the New York State Governor’s Office, Empire State Development Corporation, UNICEF, The World Zionist Organization as well as many other consulates, missions, and for- and not-for-profit organizations.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | High Vacancy Property |
| Sale Type | Investment or Owner User |
| Sale Conditions | High Vacancy Property |
Sale Notes
633 Third Avenue is a 41-story steel frame office tower located on the easterly block front of Third Avenue between 40th and 41st Streets in the Grand Central office district of Manhattan. The property consists of a ±1,013,629-square-foot Class A office building that was constructed in 1960, with floors ranging in size from 17,060 to 44,779 square feet. The building offers exceptional amenities, with onsite security, a two-story lobby designed by Kohn, Pederson, and Fox, 22 high-speed elevators, and modern building systems.
Sitting in a world-class Midtown Manhattan location, 633 Third Avenue places businesses with best-in-class access to nearby amenities and public transportation. Grand Central is just two blocks away, offering access to the 4, 5, 6, 7, and S subway lines, The Hudson, Harles, and New Haven metro lines, and new connections for the LIRR. The prestigious location is situated just steps from the UN and blocks from New York’s top hospitals.
Sitting in a world-class Midtown Manhattan location, 633 Third Avenue places businesses with best-in-class access to nearby amenities and public transportation. Grand Central is just two blocks away, offering access to the 4, 5, 6, 7, and S subway lines, The Hudson, Harles, and New Haven metro lines, and new connections for the LIRR. The prestigious location is situated just steps from the UN and blocks from New York’s top hospitals.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 7 | 44,779 SF | Office | $18,000,000 ($401.97/SF) | - |
Unit 7
| Unit Size |
| 44,779 SF |
| Condo Use |
| Office |
| Price |
| $18,000,000 ($401.97/SF) |
| NOI |
| - |
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Unit 7
| Unit Size | 44,779 SF |
| Condo Use | Office |
| Price | $18,000,000 ($401.97/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Conditions | High Vacancy Property |
| Sale Notes | |
| 633 Third Avenue is a 41-story steel frame office tower located on the easterly block front of Third Avenue between 40th and 41st Streets in the Grand Central office district of Manhattan. The property consists of a ±1,013,629-square-foot Class A office building that was constructed in 1960, with floors ranging in size from 17,060 to 44,779 square feet. The building offers exceptional amenities, with onsite security, a two-story lobby designed by Kohn, Pederson, and Fox, 22 high-speed elevators, and modern building systems. <br> <br> Sitting in a world-class Midtown Manhattan location, 633 Third Avenue places businesses with best-in-class access to nearby amenities and public transportation. Grand Central is just two blocks away, offering access to the 4, 5, 6, 7, and S subway lines, The Hudson, Harles, and New Haven metro lines, and new connections for the LIRR. The prestigious location is situated just steps from the UN and blocks from New York’s top hospitals.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 1,013,617 SF | Floors | 41 |
| Property Type | Office (Condo) | Typical Floor Size | 26,458 SF |
| Property Subtype | Loft/Creative Space | Year Built | 1962 |
| Building Class | B | Lot Size | 1.12 AC |
| Zoning | C5-3 - Commercial, Storage /Office, online distribution center, pick up and delivery location in Midtown Manhattan. Convenient loading dock on the floor. | ||
| Total Building Size | 1,013,617 SF |
| Property Type | Office (Condo) |
| Property Subtype | Loft/Creative Space |
| Building Class | B |
| Floors | 41 |
| Typical Floor Size | 26,458 SF |
| Year Built | 1962 |
| Lot Size | 1.12 AC |
| Zoning | C5-3 - Commercial, Storage /Office, online distribution center, pick up and delivery location in Midtown Manhattan. Convenient loading dock on the floor. |
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Convenience Store
- Fitness Center
- Metro/Subway
- Property Manager on Site
- Restaurant
- Security System
- Fully Carpeted
- High Ceilings
- Natural Light
- Drop Ceiling
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Contacts
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Craig Waggner -
John Ciraulo -
Jack Stephen -
David Lebenstein -
Cushman & Wakefield
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633 Third Ave
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