Retail

1322–1328 Third Avenue — Upper East Side (Lenox Hill), New York, NY 10021

Rent: $80,000/month
Type: Retail
Size: 3,773 ft²
Location: Third Avenue corridor, Upper East Side (Lenox Hill)

Location Overview

1322–1328 Third Avenue sits in the heart of the Upper East Side’s Third Avenue retail spine, one of Manhattan’s most stable and high-income neighborhood corridors. This stretch of Third Avenue benefits from:

• Dense residential population with strong household incomes
• Heavy local foot traffic (daytime + evening)
• Established national and boutique retailers
• Proximity to major medical institutions and private schools

Unlike tourist-heavy corridors, this is a true neighborhood-driven retail market with consistent repeat customer flow.

Space & Retail Potential

At 3,773 square feet, this is a substantial Upper East Side retail footprint, ideal for:

• Flagship neighborhood retail
• Fitness / boutique studio concepts
• Medical or wellness uses (subject to zoning)
• Specialty grocery / gourmet food
• National brands seeking affluent demographic penetration

The size allows flexibility for:

• Wide storefront presence
• High ceiling showroom layout
• Storage and back-of-house capacity

On Third Avenue, larger contiguous spaces are less common, which can support strong brand visibility and long-term positioning.

Market Positioning

At $80,000/month, this equates to approximately:

~$254 per square foot annually

For prime Upper East Side retail frontage, that pricing aligns with strong Third Avenue corridors serving high-income residential density.

The Upper East Side submarket is known for:

• Lower vacancy volatility compared to Midtown corridors
• Stable, repeat neighborhood spending patterns
• Long-term tenancy stability

This is a strong fit for operators prioritizing dependable local demand over purely tourist-driven volume.

Demand Drivers

Key area advantages:

• Dense co-op and condo population
• Private schools and long-established residential base
• Nearby Madison & Lexington Avenue retail spillover
• Strong daytime traffic from medical and professional offices

The Third Avenue corridor consistently supports food, beauty, wellness, and service-driven retail exceptionally well.

Transportation

This stretch of Third Avenue benefits from:

• Subway access along the Lexington Avenue line
• Q train access via Second Avenue corridor
• Heavy bus routes running directly along Third Avenue
• Easy cross-town connectivity

Transit accessibility increases both employee convenience and customer access.

Summary

1322–1328 Third Avenue (3,773 SF retail) at $80,000/month presents a large-format opportunity in one of Manhattan’s most stable and affluent neighborhood retail corridors. With strong residential density, repeat customer traffic, and long-term Upper East Side demand fundamentals, this location is well-suited for premium neighborhood retail or flagship brand positioning.