|Address:||3 Park Avenue||Class:||B|
|Cross Streets:||33rd & 34th Streets||Size:||625,000 SF|
|Year built:||1977||Architect:||Shreve, Lamb & Harmon Associates|
The office building located at 3 Park Avenue in Midtown Manhattan was completed in 1977, with a design by Shreve, Lamb & Harmon Associates, the same group responsible for designing the Empire State Building. The International Style tower houses Class B office space, as well as a number of specialty schools at the base. In 2016, the building underwent a $30 million renovation effort, spearheaded by Pelli Clarke Pelli Architects, with AREA Architects in charge of redesigning the lobby.
625 KSF of Class B Murray Hill Office Space
The architecturally striking building at 3 Park Avenue offers 625,000 square feet of Class B Murray Hill office space. The 41-story tower is owned and managed by Cohen Brothers Realty, and is served by 10 passenger elevators and 2 freight elevators. Amenities at the Park Avenue building include 24/7 tenant access, on-site security, and floor plates averaging 23,000 square feet in size.
Getting to and from 3 Park Avenue
The 3 Park Avenue office tower benefits from an excellent location in the heart of Midtown Manhattan, in the Murray Hill neighborhood. The property is convenient to the 6 train station at 33rd Street, and sits in close proximity to Grand Central Terminal and Penn Station.
Who is renting office space at 3 Park Avenue?
3 Park Avenue is home to various office tenants that operate in industries such as financial services and law. Notable tenants calling the building home include ICON Investments, Bluefin Trading, Madison Park Group, Cintra, and Blank Financial. Retail tenants include Starbucks and Le Pain Quotidien. The building also houses several specialty schools, including the Manhattan Academy for Arts and Language, Murray Hill Academy, and the Unity Center for Urban Technologies.
How much is the rent price for office space at 3 Park Avenue?
Office asking rents at 3 Park Avenue tend to be slightly more affordable than the average commanded in Midtown Manhattan, which hovers around $89 per square foot. Class B assets like 3 Park Avenue boast lower rents than their Class A counterparts, and are a good choice for small and mid-sized businesses looking for modern office space in a good location.