Commercial Lease – 885 Third Avenue, New York, NY 10022
Asking Rent: $20,000/month
Lease Type: Commercial – Office / Showroom / Creative Studio
Property Type: Class A Office Tower Space (Lipstick Building)
Location: Midtown East / Plaza District (10022)
Availability: Immediate
Property Overview
885 Third Avenue, widely recognized as the iconic Lipstick Building, offers a 3,117 SF office/showroom opportunity within one of Midtown East’s most distinctive towers. The space combines prestigious architecture, prime Plaza District location, and modern infrastructure, making it an excellent fit for professional firms, creative agencies, or boutique showrooms.
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Tenants benefit from a high-profile corporate address surrounded by Fortune 500 neighbors, world-class dining, and luxury retail. Proximity to Grand Central, the U.N. Headquarters, and the Plaza District ensures both prestige and accessibility.
Key Features
- Total Size: ≈ 3,117 SF
- Asking Rent: $20,000/month
- Annualized Rent: ≈ $240,000
- Effective Rent per SF: ≈ $77/SF annually
- Configuration: Efficient office/showroom layout with potential for private offices, reception, and open work areas
- Frontage/Views: Tower-level windows with natural light and Plaza District views
- Potential Uses: Professional office, law practice, finance boutique, creative agency, showroom
Lease & Terms
- Base Rent: $20,000/month (~$77/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard company financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for Class A leases
Market Profile
- Location Advantage: Plaza District / Midtown East prestige corridor, home to global headquarters, luxury retail, and premier institutions.
- Transit Access: Close to 51st Street (6, E, M), Lexington Ave/53rd Street (E/M), Grand Central Terminal (4/5/6, 7, S, Metro-North).
- Neighborhood Demand: Strong from finance, legal, creative, and corporate tenants seeking a prestigious Midtown presence.
- Competitive Advantage: Boutique-scale space inside one of NYC’s most architecturally recognizable office towers.
Summary
The 3,117 SF office space at 885 Third Avenue, New York, NY 10022 (Lipstick Building) is offered at $20,000/month (~$77/SF annually). Its Plaza District location, iconic architecture, and efficient configuration make it an attractive opportunity for firms or creative tenants seeking a premium Midtown East address with strong branding value.
