Retail

Prime Retail Space on East 94th Street – 40 E 94th Street, Carnegie Hill / Upper East Side

Address: 40 East 94th Street, New York, NY, 10128
Price: $80,000/month
Square Feet: 2,400 SF
Type: Retail Space

Property Overview:

Located on East 94th Street in the prestigious Carnegie Hill neighborhood of the Upper East Side, 40 E 94th Street offers 2,400 SF of prime retail space at a premium price befitting this high-end, affluent corridor. Ideal for luxury boutiques, art galleries, medical and dental practices, fitness studios, beauty salons, or service-based businesses. Situated between Fifth Avenue and Madison Avenue, this space benefits from proximity to Central Park, Museum Mile, and some of the city’s best dining, culture, and transit.

Key Features:

Prime Carnegie Hill / Upper East Side / Fifth Avenue Location:

• Situated on East 94th Street, a quiet, tree-lined residential block in the heart of Carnegie Hill — one of the Upper East Side’s most prestigious, desirable, and family-friendly neighborhoods, known for its pre-war architecture, tree-lined streets, strong sense of community, and proximity to Central Park and Museum Mile.
• Located between Fifth Avenue and Madison Avenue — two of Manhattan’s most prestigious thoroughfares — placing your business in one of the most desirable retail corridors in the city.
• Just steps from Central Park (entrance at 94th Street and Fifth Avenue), offering 843 acres of green space, walking paths, playgrounds, and iconic attractions — generating foot traffic from joggers, dog walkers, families, and tourists.
• Minutes from Museum Mile, home to the Metropolitan Museum of Art (The Met), Guggenheim Museum, Neue Galerie, Jewish Museum, and Cooper Hewitt Smithsonian Design Museum — drawing millions of cultural visitors annually.
• Surrounded by some of New York City’s most prestigious private schools, including The Spence School, Brearley, Dalton, Chapin, and St. Bernard’s — attracting affluent families with significant spending power.

High-Traffic, Affluent Corridor:

• East 94th Street between Fifth and Madison Avenues is a prestigious residential and retail block, drawing a mix of affluent local residents, luxury shoppers, museum visitors, and private school parents.
• Fifth Avenue and Madison Avenue luxury shopping generate significant foot traffic from discerning shoppers seeking high-end fashion, jewelry, art, and specialty goods.
• The area’s strong sense of community and loyalty to local businesses make it ideal for businesses that rely on repeat clientele and word-of-mouth referrals.

Spacious & Flexible Retail Layout – 2,400 SF:

• 2,400 SF of generous retail space — ideally sized for a luxury boutique, art gallery, medical or dental practice, fitness studio, or beauty salon.
• Attractive storefront with excellent street-level visibility on East 94th Street, a quiet but prestigious residential block with steady foot traffic from affluent residents and luxury shoppers.
• High ceilings and open floor plan (characteristic of the area’s pre-war buildings), allowing for elegant merchandising, art displays, or custom build-outs.
• Large windows providing abundant natural light and prime window display opportunities.
• Potential for original architectural details such as hardwood floors, decorative moldings, or pre-war character — adding authenticity and charm.
• Potential for back-of-house space, storage, fitting rooms, or office areas depending on configuration.
• At $33.33 per square foot, this price reflects the premium nature of this prime Carnegie Hill location.

Excellent Transit Access:

• Close to the 96th Street subway station (4, 5, 6) on Lexington Avenue — a 5-minute walk — providing direct access to the entire East Side of Manhattan and Grand Central Terminal.
• Short walk to the 96th Street station (Q) on Second Avenue, providing access to the Second Avenue Subway.
• Multiple bus routes serve Fifth Avenue, Madison Avenue, and 96th Street (M1, M2, M3, M4, M5, M96, M86-SBS, M101, M102, M103).
• Convenient for Upper East Side residents, museum visitors, and luxury shoppers from across the city.

Affluent, Sophisticated Customer Base:

• Local residents — Carnegie Hill is home to some of New York City’s wealthiest and most influential residents, including finance executives, medical professionals, lawyers, philanthropists, and old-money families.
• Luxury shoppers — the area attracts discerning, high-spending shoppers seeking unique, high-quality, and exclusive luxury goods and services.
• Museum visitors — millions of annual visitors to the Metropolitan Museum of Art and the Guggenheim Museum generate foot traffic, particularly on weekends and holidays.
• Private school parents — the concentration of elite private schools in the area generates daily foot traffic from parents with significant disposable income.
• Ideal for businesses such as:
• Luxury fashion or accessories boutique
• Contemporary art gallery
• Medical or dental practice (primary care, pediatrics, dermatology, dentistry)
• Physical therapy or rehabilitation center
• Pharmacy or drugstore
• Fitness studio (yoga, Pilates, barre)
• Beauty or nail salon (luxury)
• Specialty food, wine, or chocolate shop (luxury)
• Children’s boutique or toy store
• Interior design studio (retail-facing)

Highlights:
✔ 2,400 SF of prime retail space on East 94th Street in Carnegie Hill / Upper East Side
✔ $80,000/month — premium location at $33.33 per square foot
✔ Attractive storefront with excellent visibility on a prestigious residential block
✔ Steps from Central Park, Museum Mile (The Met, Guggenheim), and Fifth Avenue
✔ High ceilings and open floor plan for elegant merchandising
✔ Surrounded by historic townhouses, pre-war co-ops, and elite private schools
✔ Ultra-affluent, sophisticated local customer base plus museum visitors and luxury shoppers
✔ Excellent transit access — 4, 5, 6, Q trains and multiple bus routes

Conclusion:

40 E 94th Street offers a rare and exceptional opportunity for luxury brands, art dealers, healthcare providers, and discerning retailers seeking a prestigious retail presence on the Upper East Side — steps from Central Park, Museum Mile, and Fifth Avenue. With 2,400 SF of elegant, flexible space, a prime East 94th Street location in the heart of Carnegie Hill, and access to an ultra-affluent, sophisticated, and loyal customer base of residents, museum visitors, and luxury shoppers, this property is perfect for luxury boutiques, art galleries, medical practices, fitness studios, or beauty salons looking to establish a distinguished presence in one of Manhattan’s most exclusive and desirable neighborhoods — at a premium price befitting this prime location.

Contact us today to schedule a private tour and secure this premier Carnegie Hill retail space!