747 Third Avenue — Sale in New York, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: New York, NY 10017
Description
Highly visible multi-level retail on prime Third Avenue.
Market Context
This retail in New York, NY is listed for sale. It has been on the market for 195 days. Compare it against other retail listings for sale in New York, NY — view the full market.
As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- What is the typical cap rate for retail in New York City Area?
- About 6.2% as of Q1 2026.
- Is the New York City Area retail market tightening or softening?
- Vacancy is around 4.2% (Q1 2026).
Estimated Market Rate
$730.53/SF – $988.37/SF
Mid: $859.45/SF
Rate estimator only; cost-of-business estimate unavailable.
Contact
- Matthew Chmielecki · 212 984 6698 · matt.chmielecki@cbre.com
- Preston Cannon · 212 984 6544 · preston.cannon@cbre.com
- Hanna Preiss · 212 984 8061 · hanna.preiss@cbre.com
Explore this market
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