Retail

Commercial Property for Lease – 747 Third Avenue, New York, NY 10017

Asking Rent: $120,000 / Month
Size: 5,253 SF
Price per SF: ~$274 / SF annually
Property Type: Retail / Showroom / Flagship Space
Status: Available

Property Overview

747 Third Avenue offers 5,253 SF of premier commercial space in the Midtown East Plaza District, one of Manhattan’s most sought-after corporate and retail corridors. With expansive frontage on Third Avenue, this property provides high branding visibility to both commuter traffic and neighborhood residents.

This large-format space is ideal for flagship retail, luxury showroom, medical/wellness facilities, or financial/professional service tenants seeking long-term presence in a prestigious Midtown location.

Key Features

• Total Size: 5,253 SF
• Asking Rent: $120,000/month ($1,440,000 annually)
• Price per SF: ~$274 annually
• Use Flexibility: Retail, luxury showroom, medical/wellness, financial/professional services, or boutique flagship
• Frontage: Expansive Third Avenue exposure for strong brand presence
• Condition: Lease-ready; adaptable for build-out or customization
• Availability: Immediate

Market Profile

• Target Tenants: High-end retailers, luxury lifestyle brands, medical/wellness operators, boutique banks, or financial firms
• Neighborhood Demand: The Plaza District is home to major corporate headquarters, luxury hotels, and Class A office tenants, ensuring a consistent, affluent customer base
• Competitive Advantage: At ~$274/SF annually, this space offers large-scale visibility at pricing competitive with neighboring flagship opportunities

Financial Highlights

• Monthly Rent: $120,000
• Annual Rent: $1,440,000
• Price per SF: ~$274 annually
• Lease Terms: Direct lease; long-term flagship structure preferred
• Upside Potential: Exceptional exposure for tenants seeking prestige and permanence in Midtown East

Location Advantages

• Neighborhood: Midtown East – Plaza District
• Proximity: Grand Central Terminal, Chrysler Building, Rockefeller Center, luxury residential towers
• Transit: Steps to 51st Street (6 line), Lexington/53rd (E/M), and Grand Central (4/5/6/7/S)
• Foot Traffic: Dense mix of office workers, residents, and commuter flows

Summary

The 5,253 SF space at 747 Third Avenue represents a flagship Midtown East leasing opportunity at $120,000/month (~$274/SF annually). With expansive frontage, flexible use potential, and direct access to one of Manhattan’s most prestigious business districts, this property is ideal for luxury retailers, professional services, or wellness/medical operators seeking long-term brand presence.