Republic Point$61.50 – $74.87/SF/yr FS
1038 Third Ave
288,400 SF office building at 1038 Third Ave, New York, NY 10010. For Lease through the owner.
For LeaseStatus
$61.64/SFAsking rent
1918Year built
CClass
Property facts
| Property type | Office |
|---|---|
| Building class | C |
| Rentable area | 288,400 SF |
| Stories | 13 |
| Year built | 1918 |
| Renovated | 2017 |
| Typical floor | 22,184 SF |
| Lot size | 3.33 acres |
| Parking ratio | 3.1/1,000 SF |
| Occupancy | 100.0% |
| Zoning | C-3 |
| Parcel ID | 63-559-5302 |
| Submarket | Flatiron / Union Square |
| Market | New York City |
| Walk Score | 92 |
| Transit | Highway access I-635 |
| Listing package | Silver |
Building amenities
Energy Star, Concierge, LEED Gold, Banking
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Umber Architecture | Professional Services | 6 | 54,750 | 2031-05-01 |
| Umber Architecture | Government | 9 | 49,550 | 2020-04-01 |
| Kite Creative | Healthcare | 5 | 74,210 | 2022-06-01 |
| Quantum Ledger | Logistics | 8 | 63,880 | 2030-05-01 |
| Zephyr Aerospace | Financial Services | 10 | 4,770 | 2029-05-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2024-06-02 | $55.79M | $193.45 | 7.28% | Cascade Realty Trust | Silverline Holdings |
| 2022-11-09 | $84.47M | $292.88 | 8.56% | Yellowstone Property Fund | Hill Country Capital |
Public record
| Owner of record | Everline Real Estate LLC |
|---|---|
| Assessed value | $40.42M |
| Land value | $17.01M |
| Improvement value | $23.41M |
| Annual tax | $652K |
| Tax year | 2026 |
| Lot size | 145,054 SF |
| Last deed | 2020-07-31 |
| Deed type | Grant Deed |
| Legal description | LOT 1 BLK 46 FLATIRON / UNION SQUARE ADDN |
Location
1038 Third Ave
New York, NY 10010
Flatiron / Union Square submarket · New York City market
40.72955, -73.97155
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.