List Search

633 Third Ave
New York, NY 10017 Murray Hill

$590,000 USD

Loft Creative Space Condo For Sale  •  650 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 1,013,617 SF
  • Lot Size 1.12 AC
  • Building Class B
  • Year Built 1962
  • Cap Rate 7.78 %
  • Tenancy Multiple
  • Zoning C5-3
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Bsmt Floor - Unit SC Flex 650 SF $590,000 USD
  • Unit Size: 650 SF
  • Condo Use: Flex
  • Price: $590,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $907.69 USD
Description
650-SQF storage/office in Midtown Manhattan with a convenient loading dock on the floor. Great for a distribution center in midtown Manhattan, and a potential cap rate of 5%. Ideal Investment or owner/user opportunity, online distribution center , pick up and delivery location  in Midtown Manhattan.
Convenient loading dock on the floor.

Description

Positioned in the heart of Midtown Manhattan, 633 Third Avenue offers a 650-square-foot commercial condo ideal for storage, office, or flexible owner/user use. Located within a Class A, 41-story office tower on the sub-concourse level, the space benefits from high ceiling heights, an open layout, and a convenient on-floor loading dock, supporting efficient distribution and storage operations.
  
633 Third Avenue’s striking green glazed brick-and-glass façade, combined with a newly redesigned two-story lobby featuring marble, terrazzo, stainless steel, and granite finishes, creates a strong institutional presence. With 24/7 access, modern building systems, and high security, the property delivers a turnkey opportunity with potential income generation and a 5% cap rate, making it well-suited for both investors and owner/users seeking a Midtown foothold.

Strategically located two blocks from Grand Central Terminal, the building provides occupants with unmatched accessibility. Immediate connectivity to the 4, 5, 6, 7, and S subway lines, Metro-North rail service, and newly added Long Island Rail Road access ensures seamless regional transit.
  
The Midtown East district is a vibrant hub, home to a dense network of office towers, global corporate headquarters, and major institutional users. The building itself hosts prominent tenants such as GLAS and UNICEF, and is within steps of corporate leaders, including Bloomberg and JPMorgan Chase, as well as the United Nations headquarters. Midtown East remains one of the most established and resilient commercial markets in the world, driven by consistent demand from finance, legal, healthcare, and international organizations. 
   
The Grand Central office district continues to attract investment and infrastructure improvements, reinforcing long-term value and tenant demand. 633 Third Avenue offers a rare opportunity to control a flexible condo asset in one of Manhattan’s most connected and prestigious corridors.

Highlights

633 Third Avenue presents a 650-SF condo for sale, ideal for storage, office, or flexible owner/user, within a 41-story tower in Midtown Manhattan.
Occupy space in a Class A building with a green glazed brick-and-glass façade and a newly redesigned two-story lobby demanding institutional presence.
Centrally located just two blocks from Grand Central with access to 4, 5, 6, 7, S lines, Metro-North, and LIRR, delivering seamless connectivity.
Surrounded by global HQs, the UN, top hospitals, and major firms like Bloomberg and JPMorgan in a dense, high-demand Midtown East corridor.

Financial Summary

Cap Rate: 7.78 %
Total Expenses: $1,075 USD

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
Steve Gouyghadosh 551-300-3248 Queens Community Realty
Steve Gouyghadosh 551-300-3248 Queens Community Realty