Prime Retail Investment Opportunity in Lenox Hill
Address: 108 E 60th Street, New York, NY, 10022
Price: $7,040,000 ($782.22/SF)
Total Available Space: 9,000 SF
Smallest Space: 9,000 SF
Max Contiguous: 9,000 SF
Number of Spaces: 1
Retail Availability: 9,000 SF
Vacancy: 9,000 SF (100% Vacant)
Estimated Rent (Retail): $104 – $127/SF
Property Overview:
Located in the prestigious Lenox Hill neighborhood of the Upper East Side, 108 E 60th Street offers a 9,000 SF retail space, presenting an exceptional opportunity for owner-occupiers or investors looking to lease to high-end retail tenants. This high-visibility location, just off Park Avenue, provides premium exposure, excellent foot traffic, and proximity to luxury shopping and dining destinations.
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Key Features:
Prime Lenox Hill Retail Location:
- Situated in one of NYC’s most affluent retail corridors, steps from Park Avenue, Madison Avenue, and Bloomingdale’s flagship store.
- Surrounded by high-end retailers, fine dining establishments, luxury hotels, and medical offices, ensuring a steady flow of upscale clientele.
- Easy access to Central Park, Fifth Avenue shopping, and major cultural institutions.
Expansive & Customizable Retail Layout:
- 9,000 SF of open-plan retail space, ideal for luxury brands, boutique showrooms, flagship stores, or experiential retail concepts.
- Large glass storefront, maximizing street visibility and branding opportunities.
- High ceilings and premium finishes, allowing for a modern, high-end retail experience.
Investment Potential & Market Appeal:
- 100% vacant, offering a clean slate for investors or owner-users to maximize rental value.
- Estimated retail rent of $104 – $127/SF, allowing for strong potential income generation.
- High-demand retail area, attracting luxury brands, wellness concepts, and experiential stores.
Building & Infrastructure:
- Well-maintained property with modern infrastructure and professional management.
- Flexible lease terms and potential for subdivision, accommodating various business models.
Highlights:
✔ $7,040,000 investment opportunity in a luxury retail corridor
✔ 9,000 SF of prime, vacant retail space, ideal for flagship locations
✔ Estimated retail rents of $104 – $127/SF, offering high income potential
✔ Prestigious Upper East Side location, near high-end shopping and dining
✔ Premium glass storefront with high visibility in a high-traffic area
Conclusion:
108 E 60th Street presents an exceptional investment opportunity for retail investors, luxury brands, and high-end service providers looking to establish a presence in one of NYC’s most prestigious retail districts. With prime visibility, high rental potential, and a sought-after Upper East Side location, this property is perfect for long-term appreciation and strong financial returns.
Contact us today to schedule a private tour and explore this premier retail investment!
