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Rent/Lease Apartment 1186-1198 Third Avenue

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 1186-1198 Third Avenue. This trend is projected to continue. Opportunities for subleases remain available at 1186-1198 Third Avenue and in the nearby Upper East Side neighborhood.

Why Optimal Spaces –
Tenant Broker

✓
  • No fee for clients renting space.
  • We work for YOU, not the landlord.
  • Save 15–20% on your business costs.
  • Save 100–200 hours of research.
  • Access to all available spaces.
  • Specialized real estate expertise.

Alone or with other broker

✕
  • Miss deals and hard-to-find spaces.
  • Potential conflict of interest (often represent landlords).
  • Only 10% of available spaces are online.
  • Lack of specialized expertise.
  • May not get the best terms or uncover hidden costs.
🤝
Tenant Representation: Optimal Spaces acts exclusively as a "Tenant Broker," only representing tenants, never landlords.
⚖️
Unbiased Service: Avoiding conflicts of interest, they provide impartial service, showing a wider range of properties and negotiating the best price.
🗂️
Comprehensive Process: Agents guide clients end-to-end, offering market surveys, floor plans, pricing expectations, and industry contacts.
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Cost Savings: They negotiate rental price and identify/abate "hidden costs."
1. The Crucial Distinction: Whose Side Are They On?
2. It Almost Always Costs You Nothing
3. Access to “Hidden” Inventory
4. Negotiating Beyond Base Rent
5. Time Savings & Process Management
6. Mitigating Risk (the “Gotchas”)

1186-1198 Third Avenue Property Overview

Building Address: 1186-1198 Third Avenue, New York NY 10021
Building Alternate Address: 1186-1198 3rd Ave
Zip Code:10021
Neighborhood:Upper East Side
Borough:Manhattan
Stories:20
Year Built:1961
Building Class:B

1186-1198 Third Avenue, located in Manhattan's Upper East Side, is a significant building constructed in 1961. This 20-story structure, classified as a Class B building, has a rich history and is part of the vibrant commercial environment of Third Avenue. The building houses various office tenants and offers a mix of commercial space.

Third Avenue itself has a long history dating back to the late 19th century. It was once known for the IRT Third Avenue Line, or the Third Avenue El, which was dismantled by 1955. This removal stimulated the area's redevelopment, leading to modern buildings like 1186-1198 Third Avenue.

The building is surrounded by prominent establishments such as Chase Bank, CVS, Capital One, New Balance, and Verizon. Its location provides easy access to public transportation, including bus routes and nearby subway stations.

New York Bone & Joint Specialists have a significant presence here, having leased space for their orthopedic and sports medicine practice. The area around Third Avenue has seen significant growth and remains a hub for commercial and medical services.

1186-1198 Third Avenue, Manhattan, NYC is a cooperative building located in the Upper East Side of Manhattan. Built in 1961, it offers luxurious amenities to enhance resident living, including a private fitness facility and full-time staff. This 20-story building contains 66 units and spans 132,724 square feet. The property is not currently for sale but is valued at approximately $36,078,000. It features a mix of residential spaces, with some units having been upgraded to include large walk-in closets and open chef's kitchens.


Amenities Description
Staff Full-time staff available
Gym Private fitness facilities
Residential Amenities Upgraded apartments with large walk-in closets and open chef's kitchens

Office Tenants at 1186-1198 Third Avenue, Manhattan, NYC:

Notable Occupant: New York Bone & Joint Specialists, who have leased space for their orthopedic and sports medicine practice. They secured a 10-year deal for 3,816 square feet on the ground floor and basement of the building.


Internet providers available at 1186-1198 Third Avenue in Manhattan include:

  • Verizon Fios: Known for high speeds up to 2.3 Gbps and reliable customer service, although coverage might vary slightly in this area.
  • Astound Broadband Powered by RCN: Offers both cable and fiber options with competitive pricing, though availability might be limited in some parts of Manhattan.
  • Spectrum: Provides widespread coverage with speeds reaching up to 1 Gbps, making it a viable option for most residents.
  • EarthLink: Offers fiber internet with speeds up to 5 Gbps, though specific availability in this building may vary.
  • Other options like satellite internet providers are technically available but less preferred due to speed limitations.

Located at 1186-1198 Third Avenue in Manhattan, NYC, this property is situated in the Upper East Side neighborhood. The cross streets are East 53rd Street and East 55th Street. Public transportation options include:

Subway Lines: Access to two subway lines is available nearby.
Bus Routes: Several bus routes, including M101, M103, M15-SBS, serve the area.
Train Lines: While the Hudson Line is nearby, direct access from the location might vary; PATH trains are also in the vicinity.
Neighborhood Features: The area offers easy commuting options and is very walkable. It is surrounded by restaurants, shopping, and entertainment venues.

Nearby Office Tenants Leased
  • Laboratory Institute of Merchandising, the College for the Business of Fashion leased 30,160 SF at 535 Fifth Ave
  • Monarch Alternative Capit… leased 29,530 SF at 535 Madison Ave
  • CareMax leased 27,400 SF at 1915 Third Ave
  • Reproductive Medicine Associates leased 25,779 SF at 635 Madison Ave
  • Strike Technologies leased 25,000 SF at 545 Madison Avenue
  • The Ad Council leased 24,368 SF at 815 Second Ave
  • Banco Bradesco leased 21,822 SF at 450 Park Avenue
  • Glendower Capital leased 21,028 SF at 410 Park Ave
  • Avantus Renal Therapy U… leased 19,906 SF at 315 East 62nd St
  • Jay Suites leased 18,989 SF at 369 Lexington Ave
Nearby Retail Tenants Leased
  • Wells Fargo leased 4,328 SF at 437 Madison Avenue
  • Galaxy Medical PC leased 4,239 SF at 68 East 131st St
  • Hammacher Schlemmer leased 4,143 SF at 145 East 57th St
  • Polestar leased 4,000 SF at 5 East 59th Street
  • Grubo Alin Corporation leased 3,840 SF at 595 Madison Ave
  • Panache Lingerie leased 3,800 SF at 286 Madison Avenue
  • Butterfly Spa Corporation leased 3,676 SF at 155 East 44th St
  • 1 Bite Mediterranean leased 3,600 SF at 875 Third Ave
  • Swerve Fitness leased 3,500 SF at 1140 Third Avenue
  • Carlo Pazolini leased 3,056 SF at 555 Madison Ave

Lempert Brothers Intl USA. Testimonial

Lempert Brothers Intl USA. testimonial To Whom It May Concern: We had the pleasure of working with Stephen Sunderland months ago when we were in search of new office space for our growing company. He was of great assistance with all the questions we had about today's real estate market. His accurate analysis of the market and the time he took to listen and understand our motivations was a great advantage We required an office building that would allow us to expand and support all of our companies needs. Stephen Sunderland walked us down every road we needed to go and many times paved the way making it easier on us than could have been expected. He advised us and guided us through all the steps. He worked with us closely and made sure that he knew exactly what we were looking for. He provided us with real estate options and solutions that would save us both money and time down the road as our company grew. His dedication and commitment to his clients are rare commodities in today's self-interested world. If you see fit to give him a chance to serve you, we guarantee, you'll never look for another real estate agent. Without reservation, we strongly recommend the services of Stephen Sunderland and would most definitely work with him again, if his assistance is called for. If we could further assist you, please do not hesitate to contact us. Sincerely, S. George Miller President