Upper East Side Neighborhood Retail – Value Opportunity

Address: 412–414 East 81st Street, New York, NY 10028
Asking Rent: $5,000/month
Size: 1,000 SF
Use: Retail / Service / Café / Wellness
Location: East 81st Street between 1st Avenue & York Avenue – Upper East Side
Availability: Immediate

Property Overview:

412–414 East 81st Street offers 1,000 square feet of ground-floor retail space in a highly residential section of the Upper East Side. Positioned within a dense neighborhood corridor, the space benefits from steady local foot traffic and a strong base of repeat customers.

The layout provides a functional and efficient footprint, ideal for neighborhood-focused retail or service-based businesses. With accessible rent and a well-sized floor plate, this location is especially attractive for operators seeking an affordable entry point into the Upper East Side market.

Key Features:

• 1,000 SF ground-floor retail space
• Strong neighborhood visibility
• Efficient layout for flexible use
• Located in a high-density residential area
• Consistent local foot traffic
• Competitive rent for Upper East Side

Location Highlights:

• Prime Upper East Side residential corridor
• Surrounded by apartment buildings and local businesses
• Close to Carl Schurz Park and East River Esplanade
• Strong local customer base and repeat traffic
• Quiet, stable neighborhood environment

Transportation:

Convenient access to:
• Q train – 86th Street (Second Avenue Subway)
• 4 / 5 / 6 trains – Lexington Avenue
• Bus routes along 1st and 2nd Avenues

Financial Highlights:

• Asking Rent: $5,000/month
• Annual Rent: $60,000
• Approx. $60/SF annually (excellent value for UES retail)

Conclusion:

412–414 East 81st Street presents a rare value-driven retail opportunity on the Upper East Side, offering a strong residential customer base, practical layout, and highly competitive pricing.

Ideal for businesses seeking a stable, neighborhood-focused location with long-term potential.