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633 Third Ave

44,779 SF Office Unit Offered at £21,934,199 in New York, NY 10017

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Investment Highlights

Delivered Vacant for Immediate Possession
Highly Efficient Floor plan
High Security, Two-Story Lobby with 24/7 Access

Spectacular Views with full height windows on four sides
Real Estate Tax Exemption for Qualified Users
Steps From the Grand Central Terminal, the United Nations and New York’s Most Prestigious Hospitals

Executive Summary

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.

Marketing Brochure/Flyer

Property Facts

Price	£21,934,199	Building Class	B
Unit Size	44,779 SF	Number of Floors	41
No. Units	1	Typical Floor Size	26,458 SF
Total Building Size	1,013,617 SF	Year Built	1972
Property Type	Office (Unit)	Lot Size	1.12 AC
Property Subtype	Medical	Sale Conditions	High Vacancy Property
Sale Type	Investment or Owner User

Price	£21,934,199
Unit Size	44,779 SF
No. Units	1
Total Building Size	1,013,617 SF
Property Type	Office (Unit)
Property Subtype	Medical
Sale Type	Investment or Owner User
Building Class	B
Number of Floors	41
Typical Floor Size	26,458 SF
Year Built	1972
Lot Size	1.12 AC
Sale Conditions	High Vacancy Property

1 Unit Available

Unit 7

Unit Size	44,779 SF	Unit Use	Office
Price	£21,934,199	Sale Type	Investment or Owner User
Price Per SF	£489.83	Sale Conditions	High Vacancy Property

Unit Size	44,779 SF
Price	£21,934,199
Price Per SF	£489.83
Unit Use	Office
Sale Type	Investment or Owner User
Sale Conditions	High Vacancy Property

Description

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.