Commercial Investment Property for Lease – 1487 First Avenue, New York, NY 10075
Asking Rent: $50,000 / Month
Available Space: 2,627 Sq. Ft.
Property Type: Commercial (Retail / Restaurant)
Architectural Style: Mixed-Use Mid-Rise
Year Built: N/A
Availability: Immediate
Property Overview
Located on the Upper East Side in the 70s, 1487 First Avenue offers 2,627 square feet of ground-floor commercial space in a highly desirable retail corridor. With excellent visibility, consistent neighborhood traffic, and strong residential density, the property is well-suited for restaurants, specialty food operators, boutique retail, or wellness/fitness concepts. Its competitive size and pricing make it attractive for operators looking to secure a foothold in this affluent neighborhood.
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Key Features
- Total Area: 2,627 sq. ft.
- Asking Rent: $50,000 / Month
- Rent per Sq. Ft.: ≈ $228.38 / SF per year
- Stories: Ground-floor retail within mixed-use property
- Construction: Masonry façade with modern frontage
- Location Advantage: Upper East Side corridor with strong residential base and high disposable income
Interior Highlights
- Layout: Efficient floor plan suitable for food, retail, or service use
- Ceiling Height: High ceilings with potential for premium signage
- Amenities: Street-level exposure with steady pedestrian traffic
- Accessibility: Near the Q train at 72nd Street and crosstown buses
Utilities & Systems
- Heating: Central system
- Cooling: Central HVAC
- Infrastructure: Configurable for retail or restaurant tenants
Taxes
- Property Taxes: Determined by lease terms
- Tax Year: 2025
Summary
The 2,627 sq. ft. retail space at 1487 First Avenue presents an excellent Upper East Side leasing opportunity for boutique operators or restaurateurs. With competitive rent per square foot, strong neighborhood demographics, and high visibility, it is ideally positioned for long-term tenant success in one of Manhattan’s most stable retail markets.
