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724 2nd Ave

Murray Hill, New York, NY
Floors
6

About 724 2nd Ave

With 6 stories above the street line, there is lots of rentable office space inside this New York building. The low rise has a corner location with an address of 724 2nd Avenue and is set in a great area of the Midtown neighborhood.

Though there is commercial space on the ground level of this structure, the upper five stories are fully built out as medical office space. The mixed-use nature of the property attracts customers and foot traffic of all kinds, which is convenient for tenants.

High ceilings are a uniform characteristic of all of the units within 724 2nd Avenue. The spaces have fantastic ambiance, with their tall and expansive panels of windows. Natural light fills the units, as do views of the friendly tree-lined streets.

Approximately 14 bus lines are located within 2 blocks of this property, so the daily commute is never an issue. For tenants and customers that drive, FDR Drive and the Queens-Midtown Tunnel are located near the building. Other nearby amenities include United Nations Plaza, St. Vartan's Park and numerous businesses and restaurants.

Chic in appearance, 724 2nd Avenue features an orange-hued brick facade that is accented by long panes of windows. Dark trim sits contrasts the brick and adds to the modern look.

Internet Providers for 724 2nd Ave

Provider Technology Max Download Speed Max Upload Speed
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Murray Hill

The typical asking rate per listing is in the $60's per square foot per year. The Murray Hill submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 30% decrease in rent.

Compared to the rest of the New York City market, the Murray Hill region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
Murray Hill $63
/sqft/yr
1,900
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,370
sqft

Median Rate over Time in Murray Hill