Commercial Property for Lease – 942 Third Avenue, New York, NY 10022

Asking Rent: $50,000 / Month
Size: 2,351 SF
Property Type: Retail / Office / Service Space
Status: Available

Property Overview

942 Third Avenue offers 2,351 SF of flexible-use space in Midtown East, one of Manhattan’s most active mixed-use corridors. With its convenient location near East 56th Street, this property benefits from steady foot traffic generated by office workers, affluent residents, and neighborhood retail.

The property provides an affordable entry point into a high-demand Manhattan market, ideal for professional offices, service businesses, boutique wellness operators, or neighborhood retail.

Key Features

• Total Size: 2,351 SF
• Asking Rent: $50,000/month
• Use Flexibility: Retail, office, boutique medical/wellness, or service provider
• Frontage: Third Avenue visibility with consistent traffic flow
• Condition: Lease-ready; customizable for tenant improvements

Market Profile

• Target Tenants: Small professional offices, service-oriented retailers, wellness/fitness concepts, or non-profit/community uses
• Neighborhood Demand: Midtown East offers a dense mix of offices and luxury residential towers, ensuring steady demand across sectors

Financial Highlights

• Monthly Rent: $50,000
• Lease Terms: Direct lease; flexible terms available
• Upside Potential: Affordable Midtown East location with long-term appreciation as the corridor continues to densify

Location Advantages

• Neighborhood: Midtown East – Sutton / Lenox Hill corridor
• Proximity: Bloomingdale’s, Rockefeller University, luxury residences, and Midtown office towers
• Transit: Steps to E/M/6 subways at Lexington/53rd and 59th Street transit hub
• Foot Traffic: Mix of local residents, commuters, and professionals

Summary

The 2,351 SF space at 942 Third Avenue offers a budget-friendly Midtown East leasing opportunity, priced at $50,000/month. With flexible usage potential and a prime location, it’s ideal for professional offices, boutique services, or neighborhood retailers seeking visibility at a cost-effective rate.