Commercial Property for Lease – 929 Madison Avenue, New York, NY 10021

Asking Rent: $40,000 / Month
Size: 1,600 SF
Price per SF: ~$300 / SF annually
Property Type: Luxury Retail / Showroom / Boutique Flagship
Location: Upper East Side – Madison Avenue Luxury Corridor
Availability: Immediate

Property Overview

929 Madison Avenue offers 1,600 sq. ft. of prime retail space in Manhattan’s prestigious Upper East Side, along the Madison Avenue luxury corridor. With broad frontage and high visibility, the property is ideal for flagship luxury retail, gallery, or specialty boutique tenants.

This space provides a rare mid-size format on Madison Avenue, balancing scale for branding with a competitive rent level compared to larger flagship stores in the corridor.

Key Features

• Total Size: 1,600 SF
• Asking Rent: $40,000/month ($480,000 annually)
• Price per SF: ~$300 annually
• Frontage: Madison Avenue exposure with signage opportunities
• Use Flexibility: Luxury retail, showroom, gallery, boutique flagship
• Condition: Available for immediate build-out

Market Profile

• Target Tenants: High-fashion retailers, jewelers, luxury home brands, art galleries, or upscale lifestyle concepts
• Neighborhood Demand: Madison Avenue is one of the top global luxury retail corridors, anchored by Chanel, Hermès, Dior, and other elite brands
• Competitive Advantage: At $300/SF, this property is attractively priced relative to typical Madison Avenue rents, which often exceed $400–$600/SF

Financial Highlights

• Monthly Rent: $40,000
• Annual Rent: $480,000
• Price per SF: ~$300 annually
• Lease Terms: Negotiable (long-term flagship preferred)
• Upside Potential: Strong brand alignment opportunity on one of the world’s most exclusive shopping streets

Location Advantages

• Neighborhood: Upper East Side – Madison Avenue Gold Coast (70s block range)
• Proximity: Central Park, The Met, luxury residences, and high-net-worth clientele
• Accessibility: 6 and Q subway lines, crosstown buses, and pedestrian-friendly retail corridor
• Foot Traffic: Consistent affluent shoppers, residents, and international luxury clientele

Summary

The 1,600 sq. ft. space at 929 Madison Avenue is a prime luxury retail opportunity at $40,000/month (~$300/SF annually). Its prestigious Upper East Side location and balance of size and cost make it ideal for luxury brands, jewelers, or galleries seeking long-term positioning on Madison Avenue’s exclusive corridor.