721 3rd Ave

New York, NY 10017

Listing ID: 156414
$40,000  (Per Month)
For Lease
  • Unit Sq Ft 3,600
  • Monthly Price $40,000.00
  • Service Type NNN
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Description

Nest Seekers International has been retained on an exclusive basis to arrange the rental of 721 Third Avenue building in Turtle Bay - TRIPLE NET LEASE.


721 3rd Avenue superiorly benefits from having double exposures towards 3rd Avenue and specifically over 40 feet of southern frontage (ideal for advertisement) directly in the eye of oncoming automotive traffic that goes north. Set over 4 stories with more than 3,500 square feet with additional basement storage, this triple net lease will capture not only the current existing one quarter of a million jobs within the area but also the increase in population and traffic due to the absorption of the new residential and commercial developments.


Building Details:


Building class: Predominant Retail with Other Uses (K4)Building sqft: 3,600Building dimensions: 20 ft x 45 ftYear Built: 1910; Stories: 4; Tax class: 4; zoning: C5-3, MID


Building Use:


Residential sqft: 900Commercial units: 2Office sqft: 900Retail sqft: 1,800


Building FAR:


Residential FAR: 10Commercial FAR: 15Facility FAR: 15FAR as built: 4.00Allowed usable floor area: 13,500Usable floor area as built: 3,600Unused FAR: 9,900


Neighborhood Highlights:


721 3rd Avenue is ideally situated on the northeast corner of 3rd Avenue and 45th Street in Midtown East on 3rd Avenue which acts as the gateway that connects Midtown East by northern traffic flow to the Upper East Side, Long Island and Long Island City/Queens via Midtown Tunnel and Queensboro Bridge, FDR Highway and downtown Manhattan.As one of the most important commercial office centers in New York City with over 70 million square feet of office space, it serves as the center point that is equidistant to its densely business and commercial counterpart in Midtown, the residential alcoves of Sutton Place and Turtle Bay and the headquarters of the United Nations.Residents within a 5-block radius in all directions include, to name a few, the world-renowned Chrysler Building, MetLife Building, United Nations Headquarters, JP Morgan Chase Headquarters, Grand Central Terminal, W New York Hotel, Hilton Hotels and Turtle Bay and Sutton Place residential areas. In proximity within the past two years, there has been 6+ new commercial and residential high-rise developments as well as an area rezoning that will allow for new construction of approximately 6.5 million square feet of office space.721 3rd Avenue has a convenience and walking score of 9.2/10 as it benefits from both easy access to and from its location.Within walking distance lies Grand Central Terminal which has the most railroad platforms in the entire world, the 4/5/6/7 subway lines that connect Midtown East to Midtown West, downtown and Queens, and the Financial District to the Upper East Side. In addition, the E/M subway lines connect Midtown East to Midtown West with additional services to the Financial District throughout the entire West Side and center of Manhattan as both subway lines travel downtown and to Brooklyn.

Location & Directions
Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile Radius 3-Mile Radius 5-Mile Radius
Total Population142,3071,212,1992,796,465
Population Median Age424138
Population by Age0-9 Yrs851397236286488
10-19 Yrs524977433236791
20-29 Yrs32571227220518998
30-39 Yrs29309253581551073
40-49 Yrs15778156581361486
50-59 Yrs16626139768316430
60-69 Yrs15401125741262345
70+ Yrs18860134638262855
Median HH Income$125,691$99,552$77,769
Total Household Income< 24K10672104399258597
25-49K740173833183768
50-74K856869170155408
75-99K695359698123504
100-199K22482153788281689
200K+24710151182219953
Highest Education LevelNo Diploma401976156288267
Diploma or GED6937100775354529
Some College909979961214531
Assoc. Degree31613572890510
Bachelors Degree47866354109629593
Higher Degree47209317867506754
Total Housing Units105,345718,8041,392,513
--Owner-Occupied27,873171,549315,590
--Renter-Occupied52,914440,521907,328
Owner-Occupied Values< 100K285551610866
100-199K523430211800
200-299K814476518595
300-399K1443734223920
400-499K26251150225933
500K+22185138122224475
Total Working Age Population130,7991,072,2632,373,186
In Work Force96,940758,6671,616,566
Not In Work Force33,859313,596756,621
Workforce Employed93,585724,4391,527,370
Workforce Unemployed3,22833,85688,492
Civlian Workforce96,813758,2951,615,861
Military Workforce127372704
Total Households80,788612,0701,222,918
Family Households26,162241,192580,413
Non-Family Households54,625370,878642,505
Married Couple22,283186,677394,387
Other Family3,87954,515186,026
Married w/Child6,25765,120157,885
Single Male w/Child3064,55915,418
Single Female w/Child99016,15260,127

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
New York18,976,457+219,378,102+420,146,131+220,604,030
Kings County2,465,326+22,504,700+92,738,283+52,863,996
Queens County2,229,37902,230,722+92,436,549+52,565,268
New York County1,537,195+31,585,873+61,688,894+21,727,631
Bronx County1,332,650+41,385,108+101,519,809+61,604,168
New Jersey8,414,350+48,791,894+49,132,700+49,530,900
Bergen County884,118+2905,116+7967,500+71,031,500
Hudson County608,975+4634,266+12708,100+6747,400

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Agent
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