Retail

Retail Space on East 36th Street – 162 E 36th Street, Murray Hill / Kips Bay

Address: 162 East 36th Street, New York, NY, 10016
Price: $25,000/month
Square Feet: 1,954 SF
Type: Retail Space

Property Overview:

Located on East 36th Street in the Murray Hill / Kips Bay neighborhood — one of Manhattan’s most convenient, centrally located, and desirable residential areas — 162 E 36th Street offers 1,954 SF of prime retail space at a competitive price point. Ideal for medical and dental practices, urgent care centers, physical therapy clinics, pharmacies, fitness studios, beauty salons, or service-based businesses. Situated between Third Avenue and Lexington Avenue, this space benefits from proximity to major medical institutions (NYU Langone, Bellevue, VA Hospital), Grand Central Terminal, and some of the city’s best dining, shopping, and transit.

Key Features:

Prime Murray Hill / Kips Bay / Midtown East Location:

• Situated on East 36th Street, a quiet, tree-lined residential block in the heart of Murray Hill / Kips Bay — one of Manhattan’s most convenient, centrally located, and desirable neighborhoods, known for its pre-war architecture, tree-lined streets, strong sense of community, and proximity to Grand Central Terminal, the United Nations, and major medical institutions.
• Located between Third Avenue and Lexington Avenue, placing your business in a densely populated residential and medical corridor with strong daytime and evening foot traffic.
• Just steps from NYU Langone Medical Center (First Avenue between 30th-34th Streets), Bellevue Hospital (First Avenue and 29th Street), VA NY Harbor Healthcare System, and Hospital for Joint Diseases (NYU Langone Orthopedic) — creating consistent demand for medical practices, urgent care, pharmacies, and patient-serving retail.
• Minutes from Grand Central Terminal (42nd Street and Park Avenue — a 10-minute walk), Murray Hill’s vibrant dining and nightlife scene (Third Avenue, Lexington Avenue), Koreatown (32nd Street), Herald Square, Madison Square Park, and the East River Esplanade.

Medical & Institutional Proximity – A Healthcare Hub:

• Located within easy reach of several major medical institutions:
• NYU Langone Medical Center (First Avenue between 30th-34th Streets)
• Bellevue Hospital (First Avenue and 29th Street)
• VA NY Harbor Healthcare System
• Hospital for Joint Diseases (NYU Langone Orthopedic) (17th Street and Second Avenue)
• Weill Cornell Medical Center (68th Street and York Avenue — short subway ride)
• This concentration of world-class hospitals and research centers creates consistent, high-demand foot traffic from medical professionals, hospital employees, patients, families, and caregivers — all needing nearby medical services, pharmacies, and patient-serving retail.

Spacious & Flexible Retail Layout:

• 1,954 SF of generous retail space — ideally sized for a medical or dental practice, urgent care center, physical therapy clinic, pharmacy, fitness studio, beauty salon, or specialty food market.
• Attractive storefront with excellent street-level visibility on East 36th Street, a quiet but convenient residential block with steady local foot traffic.
• Functional floor plan suitable for exam rooms and reception area (medical practice), retail displays and checkout (pharmacy/market), fitness equipment and studio space (gym), or service stations (salon).
• Large windows providing abundant natural light — a valuable feature for patient-facing medical practices and wellness studios.
• Potential for back-of-house space, storage, or office areas depending on configuration.
• At $12.79 per square foot, this represents solid value for retail space in this prime Midtown location.

Excellent Transit Access:

• Close to Grand Central Terminal (4, 5, 6, 7, S) — a 10-minute walk — providing direct access to Metro-North Railroad and multiple subway lines, one of Manhattan’s busiest and most convenient transit hubs.
• Moments from the 33rd Street subway station (6) on Park Avenue and the 34th Street – Herald Square station (B, D, F, M, N, Q, R, W) .
• Short walk to Penn Station (1, 2, 3, A, C, E) , providing LIRR, NJ Transit, and Amtrak connections.
• Multiple bus routes serve Third Avenue, Lexington Avenue, and 36th Street (M15, M34-SBS, M34A, M42, M101, M102, M103).
• Convenient for medical professionals, patients, and families from all five boroughs, Westchester, Long Island, New Jersey, and beyond.

Diverse, High-Demand Customer Base:

• Medical professionals — thousands of doctors, nurses, researchers, and administrators employed at nearby world-class hospitals (NYU Langone, Bellevue, VA, Hospital for Joint Diseases).
• Patients and families — patients seeking treatment at area hospitals, plus their families, create consistent demand for medical practices, urgent care, pharmacies, and patient-serving retail (coffee shops, delis, gift stores, florists).
• Local residents — dense residential population of Murray Hill, Kips Bay, Gramercy Park, and Midtown East, including young professionals, families, medical professionals, and longtime residents.
• Office workers — thousands of professionals employed in nearby Midtown East corporate offices.
• Commuters — tens of thousands of daily commuters passing through Grand Central Terminal and nearby transit hubs.
• Ideal for businesses such as:
• Medical or dental practice (primary care, pediatrics, dermatology, dentistry, orthodontics)
• Urgent care or walk-in clinic
• Physical therapy or rehabilitation center
• Pharmacy or drugstore
• Boutique fitness or yoga studio
• Beauty or nail salon
• Specialty food market or grocery
• Coffee shop or cafe (patient and staff-friendly)
• Optical or eyewear shop
• Florist or gift shop (hospital-adjacent)

Highlights:
✔ 1,954 SF of prime retail space in Murray Hill / Kips Bay
✔ $25,000/month — solid value at $12.79 per square foot
✔ Attractive storefront on a quiet, tree-lined residential block
✔ Steps from NYU Langone, Bellevue, VA Hospital, and Grand Central Terminal
✔ Ideal for medical/dental practice, urgent care, pharmacy, or fitness studio
✔ Functional layout with potential for exam rooms, reception, and storage
✔ Large windows with abundant natural light
✔ Diverse, high-demand customer base — medical professionals, patients, residents, and commuters
✔ Excellent transit access — 4, 5, 6, 7, S, B, D, F, M, N, Q, R, W, 1, 2, 3 trains, Grand Central, Penn Station

Conclusion:

162 E 36th Street offers a prime opportunity for healthcare providers, fitness operators, and small business owners seeking well-located retail space in one of Manhattan’s most convenient, centrally located, and desirable neighborhoods — Murray Hill / Kips Bay, steps from NYU Langone, Bellevue, and Grand Central Terminal. With 1,954 SF of functional, flexible space, a prime East 36th Street location in the heart of a major medical corridor, and access to a loyal, high-demand customer base of medical professionals, patients, residents, and commuters, this property is perfect for medical and dental practices, urgent care centers, physical therapy clinics, pharmacies, or fitness studios looking to thrive in a location where healthcare and convenience meet — all at a solid value of under $13 per square foot.

Contact us today to schedule a private tour and secure this Murray Hill / Kips Bay retail space!