Retail

Commercial Retail / Office Lease – 924 Third Avenue, New York, NY 10022

Asking Rent: $40,000/month
Lease Type: Commercial – Retail / Office / Showroom
Property Type: Ground-Floor Retail / Boutique Office
Location: Midtown East – Third Avenue Corridor (10022)
Availability: Immediate

Property Overview

924 Third Avenue offers a 2,000 SF ground-floor commercial space in the heart of Midtown East, one of Manhattan’s busiest business and retail corridors. With strong Third Avenue frontage and pedestrian traffic, this space is ideal for retailers, boutique showrooms, wellness/medical uses, or professional offices seeking a high-visibility Midtown location.

The efficient layout allows for both open-plan and partitioned buildouts, making it adaptable for a variety of tenant needs.

Key Features

• Total Size: ≈ 2,000 SF
• Asking Rent: $40,000/month
• Annualized Rent: ≈ $480,000
• Effective Rent per SF: ≈ $240/SF annually
• Configuration: Street-level space with strong visibility and branding potential
• Frontage: Prominent exposure on Third Avenue with heavy daily foot and vehicle traffic
• Flexibility: Suitable for retail, showroom, medical/wellness, or boutique office use

Lease & Terms

• Base Rent: $40,000/month (~$240/SF/YR)
• Term: Negotiable
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; standard financials required (ID, company info, proof of funds)
• Tenant Responsibilities: Utilities, RE tax, and NNN typical for Midtown retail leases

Market Profile

• Location Advantage: Positioned on Third Avenue in Midtown East, surrounded by Fortune 500 office towers, residential high-rises, and consistent retail demand.
• Transit Access: Steps to Lexington Ave/53rd Street station (E/M, 6) and walking distance to Grand Central Terminal.
• Neighborhood Demand: High from professional services, boutique retail, wellness operators, and F&B concepts catering to office workers and residents.
• Competitive Advantage: Rare small-format Midtown retail space with high visibility in a district dominated by large office towers.

Summary

The 2,000 SF commercial space at 924 Third Avenue is offered at $40,000/month (~$240/SF annually), representing a high-profile Midtown East opportunity for retailers, showrooms, or boutique professional tenants. With its strong frontage, transit access, and location within a dense office/residential district, the property is well-suited for operators seeking brand presence and steady demand.