Commercial Property for Lease – 299 Park Avenue, New York, NY 10171

Asking Rent: $60,000 / Month
Sale Type: Lease – Retail / Showroom / Commercial
Property Type: Ground-Floor Retail / Lifestyle Space
Location: Urban – Midtown East / Park Avenue Corridor, Manhattan (10171)
Availability: Immediate

Property Overview

299 Park Avenue offers 2,860 SF of premium retail/commercial space in the heart of Midtown East along prestigious Park Avenue. Located within a Class A office tower, the property benefits from corporate tenants, high pedestrian traffic, and proximity to Grand Central Terminal.

The space’s configuration is ideal for flagship retail, boutique fitness/wellness, financial services, or experiential food & beverage operators seeking a Midtown East presence with Park Avenue branding.

Key Features

• Size: 2,860 SF
• Asking Rent: $60,000 / month (~$252 PSF annualized)
• Configuration: Flexible open plan, adaptable for retail, showroom, or service tenants
• Frontage: Strong visibility on Park Avenue, surrounded by Class A office towers
• Market Segment: Retail, boutique service, wellness, financial/lifestyle operators

Market Profile

• Submarket: Midtown East / Park Avenue – home to Fortune 500 offices, luxury hotels, and affluent professionals
• Demand Drivers: Corporate tenants in Park Avenue towers, Grand Central commuter flow, and proximity to luxury retail corridors on Madison & Fifth Avenues
• Target Tenants: Upscale retailers, fitness/wellness operators, food & beverage, or financial service providers
• Competitive Advantage: Large-format space with Park Avenue address at a competitive PSF relative to nearby luxury corridors

Financial Highlights

• Asking Rent: $60,000 / month
• Size: 2,860 SF
• Asking Rent per SF (Annualized): ~$252/SF
• Lease Type: Typically NNN or modified gross (to be negotiated)
• Upside Potential: Brand exposure in Midtown East’s corporate hub with strong long-term rent stability

Location Advantages

• Neighborhood: Midtown East – dense corporate and hospitality-driven corridor anchored by Park Avenue towers
• Proximity: Steps from Grand Central Terminal, Waldorf Astoria, and Madison/Fifth Avenue retail corridors
• Transit: Excellent access to 4/5/6, 7, and S subway lines, Metro-North at Grand Central, and bus routes
• Tenant Demand: Consistently strong from luxury service, retail, and F&B concepts catering to corporate and affluent clientele

Summary

The 2,860 SF retail/commercial unit at 299 Park Avenue is offered at $60,000/month (~$252/SF annually), delivering a prestigious Park Avenue address in one of Manhattan’s most important corporate corridors. With strong co-tenancy, steady commuter traffic, and a prime Midtown East location, this property is ideal for retail, wellness, or boutique operators seeking long-term value.