Retail

Commercial Investment Property for Lease – 1240 First Avenue, New York, NY 10065

Asking Rent: $80,000 / Month
Available Space: 3,420 Sq. Ft.
Property Type: Commercial (Retail / Restaurant)
Architectural Style: Mixed-Use Mid-Rise
Year Built: N/A
Availability: Immediate

Property Overview

Located in the prestigious Upper East Side, 1240 First Avenue offers 3,420 square feet of prime corner retail space with exceptional visibility and strong neighborhood demographics. Positioned near luxury residences, specialty boutiques, and fine dining establishments, the property is ideally suited for restaurant, high-end retail, or wellness/fitness concepts. With excellent frontage and consistent foot traffic, this address provides an outstanding opportunity for operators targeting one of Manhattan’s most affluent customer bases.

Key Features

• Total Area: 3,420 sq. ft.
• Asking Rent: $80,000 / Month
• Rent per Sq. Ft.: ≈ $280.70 / SF per year
• Stories: Ground-floor retail within mixed-use building
• Construction: Masonry façade with modern storefront
• Location Advantage: Prominent Upper East Side corridor with strong residential and retail synergy

Interior Highlights

• Layout: Open-plan configuration adaptable for retail or restaurant build-out
• Ceiling Height: High ceilings allowing premium signage and interior volume
• Amenities: Corner visibility with wrap-around frontage
• Accessibility: Steps from the Q and 4, 5, 6 subway lines and crosstown buses

Utilities & Systems

• Heating: Central system
• Cooling: Central HVAC
• Infrastructure: Equipped for commercial retail or food use

Taxes

• Property Taxes: Determined by lease terms
• Tax Year: 2025

Summary

The 3,420 sq. ft. corner retail space at 1240 First Avenue offers a rare Upper East Side leasing opportunity. With prime frontage, affluent demographics, and competitive rent per square foot, it is an excellent choice for operators seeking to establish a presence in one of Manhattan’s strongest retail and dining corridors.