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Unit Size: 12,114 SF
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Condo Use: Retail
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Price: Price Upon Request
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Sale Type: Investment or Owner User
Description
Retail condominium at the corner of Third Avenue and East 36th Street in Manhattan’s Midtown neighborhood. On the ground floor of Murray Hill Terrace, a 19-story condominium building. Includes 8,400 SF of space on the ground floor and a 2,905 SF basement, with 100 FT of frontage on Third Avenue and 10 FT ceilings on both floors.
Sale Notes
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.
William Conrad
Cushman & Wakefield
