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    3 East 48th Street

    3 East 48th Street
    New York, NY 10017
    Retail, Leasing/Rental

    3 East 48th Street is a 14,701 square foot property built in 1920 in the Plaza District neighborhood of Manhattan. The property has 3 total units and has an occupancy classification of "predominant retail with other uses."

    • Address 3 East 48th Street
    • neighborhood Plaza District
    • borough Manhattan
    • owner Thor Equities
    • owner entity 597 SCRIBNER LLC
    • floors 6
    • Year Built 1920
    • total units 3
    • square feet 14,701
    • block and lot 1-01284-0005
    • BIN 1035432
    • Event Retail Leasing
    • Address 3 East 48th Street
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,000
    • Publication Date 08/01/2009
    • Event Date 06/22/2009
    • Party 1 E East 48th Street
    • Party 2 Perfect Shape Threading Salon
    • Party 2 Brokerage Lopin Commercial LLC
    notes
    The salon signed a one-year lease for second-floor space, after which the landlord may offer a four-year extension at its discretion. The reported asking rent for the first year was $27 per square foot; the rent for the extended period would be $30 per square foot.
    • Event Sales
    • Building Name The Scribner Building and 3 East 48th Street
    • Address 597 Fifth Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 77,097
    • Price $ 79,000,000
    • Price per foot $ 1,024.68
    • Publication Date 09/01/2006
    • Event Date 07/23/2006
    • Party 1 Edizione Realty
    • Party 1 Brokerage JLL
    • Party 1 Broker Thomas Beneville, Jay Miele, Nat Rockett
    • Party 2 A&A Investments
    notes
    The two properties sold for $79 million, or more than $1,000 per square foot. Originally built as the flagship location for Charles Scribner's Sons in 1913, 597 Fifth Avenue comprises 65,572 square feet; 3 East 48th Street comprises 12,335 square feet.
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