Commercial Office/Retail Lease – 460 Park Avenue, New York, NY 10022
Asking Rent: $30,000/Month
Space Available: 4,873 SF
Location: Midtown East – Park Avenue Corridor (10022)
Availability: Immediate
Property Overview
460 Park Avenue offers a 4,873 SF full-floor opportunity in one of Midtown East’s most recognized and prestigious Park Avenue office buildings. The property delivers exceptional corporate visibility, high ceilings, and flexible open layouts suitable for financial services, private equity firms, law practices, medical offices, or high-end gallery/showroom use.
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Positioned between 57th Street and 58th Street, this location provides a powerful presence at the center of Manhattan’s business district, steps from luxury hotels, fine dining, and world-class shopping on Madison and Fifth Avenue.
Key Features
- Size: 4,873 SF
- Asking Rent: $30,000 per month
- Effective Rent per SF: ~$74/SF annually
- Type: Office / Boutique Retail Lease
- Building Class: Class A Midtown East
- Frontage & Exposure: Prominent Park Avenue visibility
- Condition: Configurable to tenant’s use (can accommodate private offices or open layouts)
- Transit Access: Close to 59th Street/Lexington Ave station (N/Q/R/4/5/6) and Grand Central Terminal
Market Profile
- Target Tenants: Investment firms, boutique law practices, medical specialists, luxury retailers, or private galleries
- Neighborhood Demand: Park Avenue addresses continue to be in high demand for prestige tenants requiring credibility and visibility
- Competitive Advantage: Nearly 5,000 SF of space at a sub-$75/SF effective rent, offering excellent value in Midtown East compared to larger towers
Financial Highlights
- Asking Rent: $30,000/Month
- Size: 4,873 SF
- Annualized Rent: $360,000
- Effective Rent per SF: ~$74/SF
- Lease Term: Flexible; tenant improvement (TI) allowance negotiable
Location Advantages
- Neighborhood: Midtown East – Park Avenue corporate corridor
- Nearby Landmarks: Plaza Hotel, Central Park, Fifth Avenue luxury retail, major Midtown office towers
- Transit Access: Easy connections via 4/5/6, N/Q/R/W at 59th Street, and Grand Central Terminal (Metro-North + multiple subways)
- Branding Value: A Park Avenue address with close proximity to corporate and retail powerhouses enhances tenant prestige
Summary
The 4,873 SF suite at 460 Park Avenue represents a rare opportunity for firms seeking high-prestige Park Avenue presence with flexible space at a competitive rent of $30,000/month. Its size, location, and branding potential make it ideal for financial services, law, medical, or high-end retail/showroom tenants.
