Republic Point$61.50 – $74.87/SF/yr FS
387 Third Ave
44,500 SF of Office space available at 387 Third Ave, New York, NY 10006. For Lease through Northgate Commercial.
For LeaseStatus
44,500 SFAvailable
$93.45/SFAsking rent
1915Year built
AClass
Property facts
| Property type | Office |
|---|---|
| Building class | A |
| Rentable area | 1,057,300 SF |
| Available | 44,500 SF |
| Stories | 52 |
| Year built | 1915 |
| Renovated | 2023 |
| Typical floor | 20,332 SF |
| Lot size | 2.08 acres |
| Parking ratio | 4.5/1,000 SF |
| Occupancy | 95.8% |
| Zoning | C-3 |
| Parcel ID | 75-462-6168 |
| Submarket | Financial District |
| Market | New York City |
| Days on market | 598 |
| Walk Score | 51 |
| Transit | Amtrak 6 min |
| Listing package | Basic |
Building amenities
Conference Facility, Signage, LEED Gold, Banking
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 46th | Office | Sublet | 6,160 – 13,870 | $107.91/SF | Thru Dec 2028 | Vacant |
| P 31st | Office | Direct | 30,630 | $80.46/SF | Negotiable | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Tidewater Shipping | Retail | 36 | 255,050 | 2026-10-01 |
| Delta Health Partners | Real Estate | 14 | 162,450 | 2037-06-01 |
| Redline Robotics | Retail | 48 | 229,440 | 2029-03-01 |
| Westfall Legal | Engineering | 50 | 159,600 | 2025-01-01 |
| Longhorn Data Systems | Healthcare | 46 | 206,260 | 2029-03-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2024-08-26 | $436.84M | $413.17 | 6.76% | Cascade Realty Trust | Permian Basin Properties |
Public record
| Owner of record | Permian Basin Properties |
|---|---|
| Assessed value | $265.74M |
| Land value | $88.1M |
| Improvement value | $177.64M |
| Annual tax | $4.5M |
| Tax year | 2026 |
| Lot size | 90,604 SF |
| Last deed | 2017-08-04 |
| Deed type | Bargain and Sale Deed |
| Legal description | LOT 40 BLK 630 FINANCIAL DISTRICT ADDN |
Location
387 Third Ave
New York, NY 10006
Financial District submarket · New York City market
40.71078, -74.02031
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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