Retail

Commercial Retail Space for Lease – 1566 Third Avenue, New York, NY 10128

Asking Rent: $30,000 / Month
Size: 1,650 SF
Price per SF: ~$218 / SF annually
Property Type: Retail / Restaurant / Boutique / Specialty Use
Status: Active

Property Overview

1566 Third Avenue offers approximately 1,650 SF of prime ground-floor retail space in the heart of the Upper East Side, along a busy Third Avenue commercial corridor known for strong neighborhood retail, dense residential population, and consistent pedestrian traffic. The space benefits from excellent visibility and steady daily foot traffic, making it ideal for retail or food-and-beverage concepts.

Key Features

• Total Size: 1,650 SF
• Asking Rent: $30,000/month ($360,000 annually)
• Price per SF: ~$218 annually
• Use Flexibility: Suitable for restaurant, café, boutique retail, specialty food, wellness retail, or service-oriented concepts
• Frontage: Street-level storefront with strong Third Avenue exposure
• Condition: Delivered ready for tenant build-out or light customization

Market Profile

• Target Tenants: Restaurants, cafés, boutique retailers, specialty food operators, fitness or wellness brands, and service-oriented businesses
• Neighborhood Demand: Upper East Side retail corridors remain in high demand due to dense residential population, strong household incomes, and consistent neighborhood shopping patterns
• Competitive Advantage: Prime Third Avenue frontage with strong pedestrian traffic in a stable, high-income residential market

Location Advantages

• Neighborhood: Upper East Side
• Proximity: 86th Street retail corridor, Carl Schurz Park, and Yorkville
• Transit: Served by Q, 4, 5, and 6 subway lines nearby
• Foot Traffic: Heavy mix of residents, commuters, and neighborhood shoppers throughout the day

Summary

The 1,650 SF retail space at 1566 Third Avenue presents a strong leasing opportunity at $30,000/month (~$218/SF annually) in one of Manhattan’s most established neighborhood retail corridors. With excellent street visibility, steady pedestrian flow, and flexible use potential, this property is well suited for retail or restaurant operators seeking a high-quality Upper East Side location.