At the stated $35,000 monthly rent and 8,500 SF, the space equates to approximately $4.12/SF per month, or $49.41/SF annually.

Key Features

• Asking Rent: $35,000/month
• Annual Base Rent: $420,000
• Available Space: Approximately 8,500 SF
• Property Type: Retail
• Location: Turtle Bay / Midtown East / United Nations
• Positioning: Large-format retail opportunity in a luxury residential tower near the United Nations
• Building: Major high-rise condominium completed around 2001
• Commercial Use: Existing commercial components at the property include retail/restaurant uses
• Zoning: C5 commercial zoning according to current commercial property information
• Nearby Areas: United Nations Headquarters, Midtown East, Grand Central and Tudor City
• Transit Access: Grand Central–42nd Street and Lexington Avenue subway services are within walking distance.

Financial

At $35,000 per month, annual base rent would total approximately $420,000.

Based on 8,500 SF, the asking rent equates to approximately $49.41/SF annually. Over a five-year lease with no increases, the nominal base-rent commitment would be approximately $2.1 million.

For a space of this size, the lease structure is particularly important. A prospective tenant should confirm whether the $35,000 represents gross rent or whether real estate taxes, CAM/operating expenses, utilities, insurance, maintenance and other pass-through expenses are payable in addition to base rent.

The physical configuration should also be verified. Current public marketing at this address separately describes a 7,200 SF restaurant space spread across ground, mezzanine and lower levels, rather than the 8,500 SF figure supplied here. That marketed restaurant space includes an existing kitchen, venting and gas infrastructure. Accordingly, the exact 8,500 SF premises, floor distribution and included improvements should be confirmed before relying on those specifications.

Location Highlights

845 United Nations Plaza occupies a prominent Midtown East position near the United Nations Headquarters and East River, within the Turtle Bay neighborhood.

The location benefits from a dense combination of residential buildings, offices, diplomatic missions, hotels and international institutions. This creates a potentially useful customer base for restaurant, service, fitness, showroom and other destination-oriented retail concepts.

The property is also within walking distance of Grand Central Terminal, providing access to subway, Metro-North and Long Island Rail Road service. Lexington Avenue subway stations are also nearby; current neighborhood information places Grand Central approximately 0.4 miles from the building.

For a retail tenant, the location’s principal strengths are its proximity to the United Nations, affluent surrounding residential population, Midtown office and diplomatic presence, and substantial transportation connectivity.

Summary

The approximately 8,500 SF retail space at 845 United Nations Plaza is offered at $35,000 per month, equivalent to approximately $420,000 annually or $49.41/SF per year.

The property’s principal appeal is its combination of a large retail footprint, Midtown East location, proximity to the United Nations and position within a major luxury residential tower.

From a financial perspective, the $49.41/SF stated annual rent is the central figure, but the complete economics will depend heavily on the lease structure, additional operating expenses and required build-out. The exact 8,500 SF configuration should also be verified because current public marketing for a restaurant space at the address identifies a different 7,200 SF configuration.

For a tenant seeking large-format retail or hospitality space with a high-profile Midtown East address, the location offers a distinctive combination of residential, diplomatic and business demand.