The building, a classic pre-war structure built in 1920, is classified as a “Primarily Five to Six Family with One Store or Office” (S5) and offers a well-established commercial space in a high-traffic, affluent residential area . While the available square footage is currently unspecified, the property presents a compelling opportunity for a range of businesses seeking to capture a discerning Upper East Side clientele.
Key Features
- Asking Rent: $30,000 / month
- Property Type: Ground-Floor Retail / Commercial Space
- Lease Type: Direct Lease
- Building Class: S5 – Primarily Five to Six Family with One Store or Office
- Year Built: 1920
- Neighborhood: Yorkville / Upper East Side
- Location: Second Avenue is a major north-south thoroughfare that caters to local residents and benefits from a continuous retail and dining corridor
Neighborhood Highlights
1557 Second Avenue places your business on a premier stretch of the Upper East Side, a neighborhood known for its strong community feel, high-income residents, and stable retail demand. The area is a hub for daily activity, drawing a consistent mix of local residents, medical professionals, and visitors from nearby attractions like Carl Schurz Park and the East River promenade .
Second Avenue’s retail scene is currently undergoing an exciting acceleration. The arrival of the Q subway line, paired with an increase in residential construction, has intensified foot traffic and leasing confidence . This revitalization has attracted a variety of successful tenants, including major retailers like Whole Foods Market, which recently signed a lease for a smaller-format neighborhood store at 1524 Second Avenue, alongside other brands such as Chick-fil-A and Goldfish Swim School . The area is well-suited for service-based, boutique, food, and wellness concepts that can capture strong local spending power .
Transportation is exceptionally convenient, with the 86th Street station (Q) on the Second Avenue Subway and the 86th Street station (4, 5, 6) on Lexington Avenue within easy walking distance. Multiple bus routes along Second Avenue provide seamless connectivity across Manhattan.
Summary
The retail space at 1557 Second Avenue, New York, NY 10028, is available for $30,000 per month under a direct lease. With its prime Yorkville location on a booming commercial corridor, proximity to affluent residential neighborhoods, and excellent transit access, this property represents a compelling opportunity for a business seeking to establish a presence in one of Manhattan’s most desirable neighborhoods.
