Retail

Commercial Lease – 673 Fifth Avenue, New York, NY 10022

Asking Rent: $40,000/month
Size: 1,966 SF
Lease Type: Retail / Flagship / Boutique Showroom
Property Type: Ground-Floor Retail Space
Location: Plaza District / Upper Fifth Avenue (10022)
Availability: Immediate

Property Overview

673 Fifth Avenue offers a 1,966 SF boutique retail space on Manhattan’s most prestigious retail corridor. With exceptional Fifth Avenue frontage, unparalleled pedestrian traffic, and strong co-tenancy with global luxury brands, this space is ideal for flagship retail, boutique fashion, fine jewelry, or experiential showrooms seeking visibility in one of the world’s top retail destinations.

Key Features

• Total Size: ≈ 1,966 SF
• Asking Rent: $40,000/month
• Annualized Rent: ≈ $480,000
• Effective Rent per SF: ≈ $244/SF annually
• Configuration: Highly efficient retail layout with adaptable build-out potential
• Frontage: Prominent Fifth Avenue frontage with premium branding visibility
• Potential Uses: Luxury retail, boutique fashion, fine jewelry, flagship showroom, experiential retail

Lease & Terms

• Base Rent: $40,000/month (~$244/SF/YR)
• Term: Negotiable (long-term flagship lease preferred)
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; tenant financials required
• Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases

Market Profile

Location Advantage: Situated on Fifth Avenue, globally recognized as one of the premier retail addresses, surrounded by Cartier, Tiffany & Co., Saks Fifth Avenue, and international luxury brands.

Transit Access: Steps to 5th Ave–53rd St (E/M), 5th Ave–59th St (N/R/W), and Grand Central Terminal (Metro-North, 4/5/6, 7, S).

Neighborhood Demand: Unmatched demand from luxury retailers, global flagships, fine dining, and experiential retail operators.

Competitive Advantage: Rare sub-2,000 SF retail space on Fifth Avenue with prime branding visibility at an accessible monthly rent relative to the corridor.

Summary

The 1,966 SF retail space at 673 Fifth Avenue, New York, NY 10022 is offered at $40,000/month (~$244/SF annually). With its premier Fifth Avenue frontage, boutique scale, and luxury co-tenancy, this property represents an exceptional opportunity for luxury retail and flagship operators to establish presence in one of Manhattan’s most prestigious retail corridors.