212-696-2500
545 3rd Ave, New York, NY for Sale
Apartments CONDO - FOR SALE
1/5
null | Request Cap Rate

545 3rd Ave
New York, NY 10016
Murray Hill


HIGHLIGHTS

  • The Property is being delivered 100% vacant, offering immediate occupancy potential for an owner-user
  • Highly visible corner retail condominium located along one of Midtown Manhattan’s key north-south corridors — Third Avenue at East 36th Street
  • Flexible layout and prominent frontage make the space ideal for a wide range of divisions and uses
  • With limited high-quality retail inventory in this Midtown South corridor, the Property offers a rare opportunity for investors

OVERVIEW

Cushman & Wakefield (“C&W”) has been exclusively retained to offer for sale the retail condominium at 545 Third Avenue (the “Property”), located at the northwest corner of Third Avenue and East 36th Street in the heart of the Murray Hill neighborhood in New York, NY. The Property boasts exceptional visibility on a prominent corner along one of Midtown Manhattan’s highest traffic retail corridors, comprising approximately 12,114 square feet, including 8,400 square feet at grade and 3,714 square feet on the lower level. The vacant retail condominium offers a rare opportunity for both investors and users to acquire a prominent corner asset with immediate occupancy potential and significant long-term value creation through leasing or repositioning. 545 Third Avenue features 60 feet of frontage along Third Avenue, providing excellent visibility and accessibility for retailers, medical users, showrooms, or service providers. The flexible layout and corner positioning make the Property well-suited for a wide range of tenancy profiles seeking to capitalize on the area’s dense residential and office population, steady foot traffic, and proximity to major transportation hubs. The neighborhood is home to a dynamic mix of residential towers, boutique offices, national retailers, and medical institutions. Just three blocks north is Grand Central Terminal, providing access to the 4, 5, 6, 7, and S subway lines as well as Metro-North rail service, enhancing the Property’s regional accessibility. Murray Hill continues to benefit from sustained residential development, an expanding office population, and consistent demand for quality retail space. The area’s central Midtown location, combined with its excellent transit connectivity and growing residential density, positions 545 Third Avenue as a highly desirable retail opportunity. This offering presents a unique chance to acquire a vacant, corner retail condominium with immediate user or investment potential in one of Manhattan’s most wellestablished and accessible neighborhoods.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Murray Hill Terrace Condominiums

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

113,264 SF

STORIES

19

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C1-9

APN/PARCEL ID

0917-1058,0917-1076,0917-1107,0917-1110,0917-1115,0917-1116,0917-1117

ASK ABOUT THIS PROPERTY

William ConradCushman & WakefieldMore Info
212-696-2500

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William ConradCushman & WakefieldMore Info
212-696-2500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.