Full Floor Office Condo
LISTING DETAILS FOR Full Floor Office Condo
| Unit Size | 44779 SQ. FT |
| Type | Sale |
| Price | CALL FOR PRICING |
DESCRIPTION
Nestled in the heart of Tudor City at 633 Third Avenue, this exclusive offering presents an exceptional opportunity to acquire a Full Floor Office Condo. Boasting a substantial size of 44,779 square feet, this commercial condo space is a coveted gem in the vibrant landscape of Manhattan’s Grand Central Submarket. The location, positioned just east of Bryant Park and west of the United Nations, places it among the most sought-after business addresses in the city.
The ownership interest being presented encompasses the entire seventh floor, offered by the Union for Reform Judaism (URJ), a national nonprofit organization that has occupied the unit since 1998. With the floor being delivered vacant, immediate possession is guaranteed for the discerning buyer. The asking price for this prime office space is set at $620 per rentable square foot, making it a compelling investment or ideal for an owner-user.
The expansive office floor spans approximately 44,779 rentable square feet, utilizing a 27% loss factor from the net usable square footage of 34,074. The property is offered on an "as-is" basis, providing a canvas for customization and tailored design. Prospective buyers are invited to tour the building and review due diligence materials to fully appreciate the unique offering.
Amenities abound within this commercial haven, ensuring a seamless and comfortable work environment. With 24/7 access, furnished spaces, a lobby attendant, and six passenger elevators, convenience is at the forefront. Additional amenities include a fitness center, security system, fully carpeted interiors, and abundant natural light through full-height windows on four sides.
Zoned as C5-3 (Commercial), the property is well-connected, with nearby trains including Grand Central – 42 St, 33 St, and others, facilitating easy access for employees and clients alike. The building, standing 41 floors tall and renovated in 1996, boasts a rentable building area of 1,013,630 square feet under the ownership of 633 Third Avenue.
The investment highlights of this offering are truly compelling, featuring a highly efficient floor plan, high-security measures, a two-story lobby with 24/7 access, and spectacular views. The location’s proximity to Grand Central Terminal, the United Nations, and New York’s most prestigious hospitals adds an additional layer of prestige to this remarkable opportunity. Delivered vacant for immediate possession, this Full Floor Office Condo is poised to elevate your business to new heights.
Space Features:
- 44,779 SF Class A office condo in prime Manhattan location
- Vacant possession for immediate customization
- Asking price: $620 per RSF
- Amenities: 24/7 access, furnished, lobby attendant, 6 passenger elevators
- Additional amenities: fitness center, security system, fully carpeted
- Zoned as C5-3 (Commercial) with convenient transportation options
- 41-floor building, renovated in 1996, with a rentable area of 1,013,630 SF
- Investment highlights: efficient floor plan, high security, two-story lobby, spectacular views
- Proximity to Grand Central Terminal, United Nations, and prestigious hospitals.
Past and Present Companies found Here
- Sage & Zest (New Lease 2023)
- JPMorgan Chase (Lease 2023 – Restructure)
- Dr. Mara Goldstein (2022 – New Lease)
- 81 Investments (2020 -New Lease)
- UNICEF (2018 – New Lease)
- I Love NY Gifts (2018 -Lease)
- Memorial Sloan-Kettering Cancer Center (Leasing 4th Floor)
- The New York State Governor’s Office
Purchasing a commercial condo space at 633 Third Avenue in Manhattan offers several distinct advantages for companies seeking a strategic location. The building has a rich history of accommodating prestigious tenants, making it a sought-after address for businesses. Some of the notable benefits and advantages of owning a condo space in this iconic building include:
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Proximity to United Nations: Situated just across the street from the United Nations, 633 Third Avenue offers unparalleled access to one of the most significant international organizations. This location is highly desirable for businesses that require close ties to diplomatic and international affairs.
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Prime Grand Central Submarket: The building is located in the Grand Central Submarket, an area renowned for its strategic importance. This central location places your business within easy reach of Grand Central Terminal, providing excellent connectivity within Manhattan and beyond.
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Financial Incentives: In the past, the Dinkins administration offered lucrative financial incentives to organizations like UNICEF, demonstrating the city’s commitment to retaining major corporations and non-profit entities. These incentives can significantly benefit companies seeking a long-term presence in Manhattan.
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Ownership Opportunity: Owning a condo space at 633 Third Avenue means securing a lasting foothold in Manhattan. Rather than being a tenant, your company becomes a property owner, offering stability and long-term cost advantages.
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Significant Cost Savings: Non-profit organizations, in particular, can benefit from owning their office space as it often leads to substantial savings on real estate taxes. Owning property can save between $6 to $8 per square foot annually, reducing occupancy costs.
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Large, Flexible Office Space: The building offers large, flexible floor plates suitable for various office layouts. Whether you need a full floor, partial floor, or multiple combined spaces, 633 Third Avenue can accommodate your specific requirements.
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Highly Efficient Layouts: The office spaces at 633 Third Avenue boast highly efficient center-core layouts, maximizing the usable area. This efficiency allows for optimal space utilization and flexibility in office design.
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Modern Amenities: The property features modern amenities, including newly renovated common corridors and bathrooms. These updates enhance the overall working environment and create a positive impression for both employees and clients.
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Prime Manhattan Plaza District: The building’s location within the Manhattan Plaza District places it among the most prestigious neighborhoods, attracting top hedge funds, banks, insurers, and other prominent organizations.
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Diverse Tenant Roster: 633 Third Avenue is home to a diverse tenant roster, including renowned organizations like Memorial Sloan-Kettering Cancer Center, the New York State Governor’s Office, UNICEF, and The World Zionist Organization. Sharing an address with these esteemed entities adds prestige to your company’s image.
Overall, 633 Third Avenue offers a unique opportunity for companies to secure a prime location in the heart of Manhattan, benefit from financial incentives, and enjoy the advantages of property ownership in a highly desirable commercial district. The combination of strategic location, cost savings, and modern amenities makes this building an ideal choice for businesses looking to thrive in New York City.
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