Commercial Property for Lease – 731 Lexington Avenue, New York, NY 10022
Asking Rent: $30,000 / Month
Sale Type: Lease – Retail / Showroom / Office
Property Type: Ground-Floor Retail / Commercial Space
Location: Urban – Midtown East (Upper East Side Border), Manhattan (10022)
Availability: Immediate
Property Overview
731 Lexington Avenue presents a 4,340 SF retail/commercial leasing opportunity in one of Midtown’s most prestigious corridors. Positioned within the Bloomberg Tower complex, this space benefits from exceptional visibility, Class-A co-tenancy, and high pedestrian traffic from both affluent Upper East Side residents and Midtown East professionals.
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With its open floor plan and premium address, the space is ideal for luxury retail, showroom operations, fitness/wellness brands, or flagship food & beverage concepts. The Lexington Avenue corridor is anchored by international brands, high-end dining, and premier office tenants.
Key Features
- Size: 4,340 SF
- Asking Rent: $30,000 / month (~$83 PSF annualized)
- Configuration: Open plan with flexibility for retail, showroom, or lifestyle tenants
- Frontage: Prominent Lexington Avenue exposure
- Market Segment: Luxury retail, lifestyle, showroom, boutique fitness/wellness
Market Profile
- Submarket: Midtown East / Upper East Side Border – blend of corporate headquarters, luxury retail, and affluent residential demand
- Demand Drivers: Bloomberg Tower, prime Lexington & 59th Street corridor, proximity to Central Park and high-income residential enclaves
- Target Tenants: Flagship retail, luxury lifestyle brands, boutique health/wellness, experiential food & beverage
- Competitive Advantage: Large-format floor plate in a corridor where smaller boutique units dominate; prestigious co-tenancy within Bloomberg Tower
Financial Highlights
- Asking Rent: $30,000 / month
- Size: 4,340 SF
- Asking Rent per SF (Annualized): ~$83/SF
- Lease Type: Typically NNN or modified gross (to be negotiated)
- Upside Potential: Long-term appreciation tied to Lexington Avenue’s positioning as a luxury retail and office corridor
Location Advantages
- Neighborhood: Midtown East / Upper East Side – affluent, mixed-use hub
- Proximity: Central Park, Bloomingdale’s, Bloomberg Tower, luxury hotels, and premier office towers
- Transit: Excellent subway access (E, M, N, R, W, 4, 5, 6 lines) with immediate connectivity to Midtown and Downtown Manhattan
- Tenant Demand: Strong from high-end retailers, lifestyle operators, and international tenants seeking visibility in a prestige corridor
Summary
The 4,340 SF retail/commercial space at 731 Lexington Avenue is offered at $30,000/month (~$83/SF annually), representing a rare opportunity to secure a flagship presence in one of Midtown’s most prestigious mixed-use towers. With its scale, premium location, and strong co-tenancy, the property is ideal for luxury retail, showroom, or experiential tenants seeking long-term value in Manhattan’s East Side.
