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633 Third Ave - Commercial Condo 650 SF Flex Condo Unit Offered at $685,000 in New York, NY 10017
Investment Highlights
- 633 Third Avenue presents a 650-SF condo for sale, ideal for storage, office, or flexible owner/user, within a 41-story tower in Midtown Manhattan.
- Centrally located just two blocks from Grand Central with access to 4, 5, 6, 7, S lines, Metro-North, and LIRR, delivering seamless connectivity.
- Occupy space in a Class A building with a green glazed brick-and-glass façade and a newly redesigned two-story lobby demanding institutional presence.
- Surrounded by global HQs, the UN, top hospitals, and major firms like Bloomberg and JPMorgan in a dense, high-demand Midtown East corridor.
Executive Summary
Positioned in the heart of Midtown Manhattan, 633 Third Avenue offers a 650-square-foot commercial condo ideal for storage, office, or flexible owner/user use. Located within a Class A, 41-story office tower on the sub-concourse level, the space benefits from high ceiling heights, an open layout, and a convenient on-floor loading dock, supporting efficient distribution and storage operations. 633 Third Avenue’s striking green glazed brick-and-glass façade, combined with a newly redesigned two-story lobby featuring marble, terrazzo, stainless steel, and granite finishes, creates a strong institutional presence. With 24/7 access, modern building systems, and high security, the property delivers a turnkey opportunity with potential income generation and a 5% cap rate, making it well-suited for both investors and owner/users seeking a Midtown foothold. Strategically located two blocks from Grand Central Terminal, the building provides occupants with unmatched accessibility. Immediate connectivity to the 4, 5, 6, 7, and S subway lines, Metro-North rail service, and newly added Long Island Rail Road access ensures seamless regional transit. The Midtown East district is a vibrant hub, home to a dense network of office towers, global corporate headquarters, and major institutional users. The building itself hosts prominent tenants such as GLAS and UNICEF, and is within steps of corporate leaders, including Bloomberg and JPMorgan Chase, as well as the United Nations headquarters. Midtown East remains one of the most established and resilient commercial markets in the world, driven by consistent demand from finance, legal, healthcare, and international organizations. The Grand Central office district continues to attract investment and infrastructure improvements, reinforcing long-term value and tenant demand. 633 Third Avenue offers a rare opportunity to control a flexible condo asset in one of Manhattan’s most connected and prestigious corridors.
Matterport 3D Tour
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 6.70% |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.70% |
Convenient loading dock on the floor.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit SC | 650 SF | Flex | $685,000 ($1,053.85/SF) | $45,895 |
Unit SC
| Unit Size |
| 650 SF |
| Condo Use |
| Flex |
| Price |
| $685,000 ($1,053.85/SF) |
| NOI |
| $45,895 |
Unit SC
| Unit Size | 650 SF |
| Condo Use | Flex |
| Price | $685,000 ($1,053.85/SF) |
| NOI | $45,895 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.70% |
| Description | |
| 650-SQF storage/office in Midtown Manhattan with a convenient loading dock on the floor. Great for a distribution center in midtown Manhattan, and a potential cap rate of 5%. Ideal Investment or owner/user opportunity, online distribution center , pick up and delivery location in Midtown Manhattan.<br> Convenient loading dock on the floor.</li></ul> |
Property Facts
| 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
Demographics
Demographics
Presented by
Queens Community Realty
633 Third Ave - Commercial Condo
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