Retail

Commercial Lease – 1464 First Avenue, New York, NY 10075

Asking Rent: $15,000/month
Lease Type: Commercial – Retail / Food & Beverage / Boutique Service
Property Type: Ground-Floor Retail Space
Location: Upper East Side (10075)
Availability: Immediate

Property Overview

1464 First Avenue offers a 700 SF boutique retail opportunity in the heart of the Upper East Side. With steady neighborhood foot traffic and strong residential demographics, this space is well-suited for specialty retail, food & beverage concepts, boutique services, or wellness operators.

Located along a busy First Avenue retail corridor, the property provides excellent visibility and branding potential in a supply-constrained Upper East Side market.

Key Features

• Total Size: ≈ 700 SF
• Asking Rent: $15,000/month
• Annualized Rent: ≈ $180,000
• Effective Rent per SF: ≈ $257/SF annually
• Configuration: Compact layout ideal for retail, food service, or boutique operators
• Frontage: Prominent First Avenue exposure with consistent neighborhood traffic
• Potential Uses: Retail, café/quick-serve F&B, salon/wellness, boutique professional services

Lease & Terms

• Base Rent: $15,000/month (~$257/SF/YR)
• Term: Negotiable
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; standard tenant financials (ID, company information, proof of funds)
• Tenant Responsibilities: Utilities, RE tax, and NNN obligations typical for retail leases

Market Profile

• Location Advantage: Prime Upper East Side address surrounded by high-income residents, schools, healthcare facilities, and destination retail.
• Transit Access: Convenient to 77th Street (6), 72nd Street (Q), and crosstown bus routes.
• Neighborhood Demand: Strong from boutique food, wellness, and service businesses seeking affluent, repeat customer bases.
• Competitive Advantage: Rare small-format retail on First Avenue with premium rent positioning and branding visibility.

Summary

The 700 SF commercial space at 1464 First Avenue, New York, NY 10075 is offered at $15,000/month (~$257/SF annually). With its Upper East Side location, boutique size, and strong neighborhood demographics, the property is ideal for specialty retailers, boutique service operators, or F&B concepts seeking visibility in one of Manhattan’s most established residential corridors.