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633 Third Ave
New York, NY 10017

$27,800,000 USD

Medical Condo For Sale  •  44,779 SF

Property Details

  • Property Type Medical
  • Total Building Size 1,013,617 SF
  • Lot Size 1.12 AC
  • Building Class B
  • Year Built 1972
  • Tenancy Multiple
  • Zoning C5-3
100 Transit Score
99 Walk Score

1 Unit Available

Name Condo Use Size Price Details
7th Floor - Unit 7 Office 44,779 SF $27,800,000 USD
  • Unit Size: 44,779 SF
  • Condo Use: Office
  • Price: $27,800,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $620.83 USD
Description
Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire
seventh (7th) floor at 633 Third Avenue (“The Property”). The Class A office condominium is located on Third
Avenue within one of the most highly desired submarkets in Manhattan, the Grand Central Submarket, just
east of Bryant Park and west of the United Nations. 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.

Sale Notes
The unit being offered for sale is a full vacant office space measuring approximately 44,779 rentable square feet. The office floor measurements use a 27% loss factor
from the 34,074 net usable square footage.

The Property is being offered on an “as-is” basis with vacant possession immediately. The asking price is $620/
RSF. All interested parties are encouraged to tour the building and review the due diligence materials.

Description 

Cushman & Wakefield has been exclusively retained to sell the condominium ownership interest in the entire seventh (7th) floor at 633 Third Avenue (“The Property”). The Class A office condominium is located on Third Avenue within one of the most highly desired submarkets in Manhattan, the Grand Central Submarket, just east of Bryant Park and west of the United Nations. 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.

Each floor in 633 Third Avenue is a separate condominium unit. 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 RSF. 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, For- and Not-For-Profit organizations.

The Building 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 subject premises consists of ±44,779 RSF situated within a ±1,013,629 square foot Class A office building that was constructed in 1960. Floors range in size from 17,060 to 44,779 RSF.

Highlights

Delivered Vacant for Immediate Possession
Spectacular Views with full height windows on four sides
Highly Efficient Floor plan
Real Estate Tax Exemption for Qualified Users
High Security, Two-Story Lobby with 24/7 Access
Steps From the Grand Central Terminal, the United Nations and New York’s Most Prestigious Hospitals

Property Flyers

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

Public Transportation

Commuter RailDriveWalkDistance
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 2 min 6 min 0.3 mi
Grand Central (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road) 1 min 10 min 0.5 mi
Transit/SubwayDriveWalkDistance
Grand Central-42 Street (4 - New York MTA Subway (The Subway), 42 St Shuttle - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway), 7 - New York MTA Subway (The Subway)) 0 min 4 min 0.2 mi
Grand Central-42 St (42 St Shuttle - MTA New York City Transit) 1 min 7 min 0.4 mi
5 Avenue-Bryant Park (7 - New York MTA Subway (The Subway)) 2 min 8 min 0.5 mi
33 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 10 min 0.6 mi
51 Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Laguardia 16 min - 8.4 mi
Newark Liberty International 22 min - 15.1 mi
John F Kennedy International 25 min - 16.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Craig Waggner 212-660-7744 Cushman & Wakefield
Craig Waggner 212-660-7744 Cushman & Wakefield