Retail

364 3rd Avenue — Kips Bay / Rose Hill, Manhattan, NY 10016

Asking Rent: $20,000/month
Size: 600 SF
Use: Retail

Quick rent math

• $20,000/mo = $240,000/yr
• $240,000 ÷ 600 SF ≈ $400/SF/yr

Location positioning

364 3rd Avenue sits in Kips Bay (10016), a dense, residential + office-adjacent pocket with steady, repeat foot traffic and strong everyday-needs demand.

The building itself is a classic prewar mixed-use type (residential over retail is common on this corridor), supporting consistent local customer flow.

Why this works for 600 SF

A ~600 SF footprint is typically best for high-margin / high-frequency operators that benefit from visibility and neighborhood density, such as:

• Coffee / grab-and-go (subject to venting/utilities)
• Beauty / wellness / personal services
• Specialty food, boutique retail, or showroom-lite
• Wireless, optical, or service retail

Key neighborhood demand drivers

• Strong residential population and daily convenience needs (Kips Bay/Gramercy adjacency)
• Midtown access without Midtown rents (good for service retail)
• Consistent weekday + evening traffic patterns typical of Third Avenue corridors

Summary

364 3rd Ave (600 SF) at $20,000/month is a small-format retail opportunity in Kips Bay / Rose Hill, suited for neighborhood-serving concepts that monetize repeat customers and visibility on a major avenue. The building is identified as a prewar rental building with retail presence, supporting the “steady local traffic” positioning.

If you share the frontage, ceiling height, and whether there’s a basement, I’ll tighten this into a perfect broker-ready blurb (LoopNet/CoStar style) with “ideal uses” matched to the physical specs.