Retail

Commercial Property for Lease – 780 Third Avenue, New York, NY 10017

Asking Rent: $60,000 / Month
Size: 1,659 SF
Price per SF: ~$434 / SF annually
Property Type: Retail / Showroom / Flagship Space
Status: Available

Property Overview

780 Third Avenue offers 1,659 SF of prime ground-floor commercial space in the heart of Midtown East’s Plaza District. With excellent Third Avenue frontage and exposure to heavy commuter and office traffic, this property is a rare opportunity for luxury retailers, flagship showrooms, or high-end service operators seeking Midtown visibility.

The property is surrounded by Class A office towers, luxury residential buildings, and premier shopping and dining destinations, making it an ideal high-profile location.

Key Features

• Total Size: 1,659 SF
• Asking Rent: $60,000/month ($720,000 annually)
• Price per SF: ~$434 annually
• Use Flexibility: Luxury retail, showroom, medical/wellness, financial services, or boutique flagship
• Frontage: Prominent Third Avenue exposure with strong branding opportunity
• Condition: High-profile space, adaptable for tenant improvements

Market Profile

• Target Tenants: Luxury brands, boutique financial firms, medical/wellness practices, or flagship experiential retailers
• Neighborhood Demand: Midtown East is home to major corporate tenants, affluent residents, and constant commuter traffic, creating unmatched exposure for high-end users
• Competitive Advantage: At ~$434/SF annually, this space commands premium rent but offers flagship presence in one of Manhattan’s most prestigious corridors

Financial Highlights

• Monthly Rent: $60,000
• Annual Rent: $720,000
• Price per SF: ~$434 annually
• Lease Terms: Direct lease; flagship/long-term structure preferred
• Upside Potential: Opportunity for brand visibility in Midtown East’s Plaza District with long-term stability

Location Advantages

• Neighborhood: Midtown East – Plaza District
• Proximity: Grand Central Terminal, Chrysler Building, United Nations, and luxury hotels
• Transit: Steps to E/M/6 at Lexington/53rd, 4/5/6/7/S at Grand Central
• Foot Traffic: High daily volumes from commuters, corporate professionals, and residents

Summary

The 1,659 SF space at 780 Third Avenue is a flagship Midtown East opportunity, priced at $60,000/month (~$434/SF annually). With prestige frontage, constant visibility, and access to one of Manhattan’s most influential business and residential districts, this property is ideal for luxury retail, boutique financial, or medical/wellness tenants.