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909 Third Avenue, NYC: Your Complete Guide

Leana Rogers Salamah
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909 Third Avenue, NYC: Your Complete Guide

Welcome! This detailed guide provides everything you need to know about 909 Third Avenue in New York City. From its history and architecture to current tenants and real estate details, we cover it all. This information is designed for anyone interested in this iconic building, whether you're a potential tenant, an investor, or simply curious about New York City's commercial landscape.

Table of Contents

History and Architecture of 909 Third Avenue

909 Third Avenue, also known as the Colgate-Palmolive Building, is a prominent skyscraper located in Midtown Manhattan, New York City. Completed in 1984, the building was developed by Tishman Speyer and stands as a testament to modern architectural design. Its construction marked a significant development in the area, contributing to the growth of Midtown's commercial district.

The building's design features a distinctive facade and a modern aesthetic, immediately catching the eye. It played a major role in the urban landscape when it was constructed and maintains this role today. The original design was intended to offer efficient and flexible office spaces to meet the needs of large corporations.

Key Historical Events

  • Construction: The building was completed in 1984, marking its presence in Midtown's commercial real estate.
  • Original Tenants: Colgate-Palmolive was one of the first major tenants.
  • Ownership Changes: The building has changed ownership multiple times, reflecting the dynamic nature of real estate investments.

Key Features and Amenities

909 Third Avenue offers various features and amenities designed to meet the needs of modern businesses. These amenities contribute to its appeal as a prime office location in New York City.

Building Features:

  • Modern Design: The building's architecture provides a contemporary workspace.
  • Efficient Layouts: Office spaces are designed to provide flexibility.
  • High-Speed Connectivity: Reliable and high-speed internet and communication services are available.

Amenities:

  • 24/7 Security: The building offers around-the-clock security services.
  • On-site Management: Dedicated property management ensures smooth operations.
  • Nearby Parking: Convenient parking facilities are readily available.

Current Tenants and Occupancy

909 Third Avenue attracts a diverse range of tenants. The building’s prime location and modern amenities make it appealing to various industries. Understanding the current tenants gives insight into the building's dynamic use.

Major Tenants

  • Media and Marketing Firms: Many advertising and marketing companies have offices there.
  • Financial Institutions: Some financial companies are also present.
  • Law Firms: Several law firms have offices.

Occupancy Rates

  • Current Occupancy: The building maintains high occupancy rates.
  • Vacancy Trends: Market conditions affect vacancy rates.

Real Estate Details and Market Analysis

Understanding the real estate details of 909 Third Avenue offers insight into its investment value. Analyzing market trends provides a comprehensive overview of the property's potential.

Property Details

  • Square Footage: The building offers substantial square footage for office space.
  • Floor Plans: Efficient floor plans provide customizable space.
  • Recent Sales Data: Recent sales data reflects current market value.

Market Analysis

  • Rental Rates: Rental rates are competitive, based on location and amenities.
  • Market Trends: Market trends show the building's value and desirability.
  • Investment Potential: The building's location makes it a sound investment.

Nearby Transportation and Accessibility

One of the main advantages of 909 Third Avenue is its excellent accessibility to transportation. This convenience contributes to its appeal for both tenants and visitors. Being located in Midtown Manhattan offers unparalleled access to various transportation options. — UPS Pickup Phone Number: Schedule A Courier

Subway Access

  • Nearby Stations: The building is near multiple subway lines, including the E, M, and 6 trains, providing easy access to various parts of the city.
  • Commute Times: Commute times to other boroughs are efficient, making it a desirable location for businesses and employees alike.

Bus Routes

  • Bus Stops: Several bus routes serve the area, making commuting easier.
  • Bus Services: The building is accessible via numerous bus services, providing options for public transit.

Other Transportation Options

  • Taxi and Ride-Sharing: Readily available taxis and ride-sharing services provide convenient transportation options.
  • Proximity to Grand Central Terminal: Proximity to Grand Central Terminal provides access to Metro-North Railroad services.

Investment Potential and Commercial Real Estate Trends

909 Third Avenue presents an attractive investment opportunity within New York City's dynamic commercial real estate market. Understanding current trends can help evaluate its long-term potential. — Nets Vs. Spurs: Player Stats & Game Highlights

Investment Potential

  • Location Benefits: The prime location in Midtown enhances investment potential.
  • Market Value: The building's market value has remained consistently strong.
  • Rental Income: Stable rental income provides a reliable return on investment.

Commercial Real Estate Trends

  • Office Space Demand: Demand for office space in Midtown remains robust.
  • Sustainability: Sustainable building practices are becoming increasingly important in the market.
  • Future Growth: The area’s growth supports continued interest in commercial properties.

Frequently Asked Questions (FAQ)

What is the address of 909 Third Avenue?

The address of the building is 909 Third Avenue, New York, NY 10022.

What type of businesses are typically located in 909 Third Avenue?

909 Third Avenue hosts a variety of businesses, including media and marketing firms, financial institutions, and law firms. It appeals to many different industries because of its location and amenities.

What amenities does 909 Third Avenue offer?

The building offers amenities such as 24/7 security, on-site management, and convenient parking facilities. It's designed to provide a productive and convenient work environment. — 12 Lb Bowling Ball: Is It Right For You? [Guide]

How accessible is 909 Third Avenue by public transportation?

The building is very accessible by public transportation. It is close to several subway lines, including the E, M, and 6 trains, and has easy access to bus routes. Grand Central Terminal is also nearby, offering access to Metro-North Railroad.

Who developed 909 Third Avenue?

909 Third Avenue was developed by Tishman Speyer.

When was 909 Third Avenue completed?

The building was completed in 1984.

How does the location of 909 Third Avenue impact its investment potential?

The prime location in Midtown Manhattan significantly enhances its investment potential, given its proximity to transportation, amenities, and other businesses. This desirability translates to strong market value and reliable rental income.

Conclusion

909 Third Avenue stands as a prominent fixture in New York City's commercial landscape. This guide has provided detailed insights into the building's history, features, tenants, and investment potential.

Whether you are an investor, potential tenant, or simply curious, understanding 909 Third Avenue offers valuable insights into the dynamism of New York City's real estate market. Its prime location, modern amenities, and diverse tenant base solidify its place as an attractive and valuable property.

If you have further questions or need additional information about commercial real estate in New York City, feel free to contact a real estate professional or explore other related resources.

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