Commercial Property for Lease – 1190–1200 Madison Avenue, New York, NY 10128

Asking Rent: $15,000 / Month
Size: 395 SF
Price per SF: ~$456 / SF annually
Property Type: Luxury Boutique Retail / Gallery / Specialty Shop
Location: Upper East Side – Madison Avenue (Carnegie Hill)
Availability: Immediate

Property Overview

1190–1200 Madison Avenue presents a 395 sq. ft. boutique retail space in Manhattan’s prestigious Carnegie Hill section of the Upper East Side. Located in one of the most affluent residential and cultural districts, the property offers prestigious Madison Avenue frontage at a manageable rent, making it ideal for luxury boutiques, art galleries, jewelers, or specialty retailers.

This small-format space allows emerging brands or established names to establish a presence on one of the world’s most exclusive retail corridors without committing to a large flagship footprint.

Key Features

• Total Size: 395 SF
• Asking Rent: $15,000/month ($180,000 annually)
• Price per SF: ~$456 annually
• Frontage: Madison Avenue exposure with strong visibility
• Use Flexibility: Boutique retail, jewelry, gallery, specialty shop, or luxury services
• Condition: Turn-key, immediate availability

Market Profile

• Target Tenants: Jewelers, art galleries, luxury fashion accessories, niche lifestyle boutiques
• Neighborhood Demand: Madison Avenue’s Carnegie Hill section is surrounded by high-net-worth residents, cultural institutions, and global shoppers
• Competitive Advantage: Affordable total rent compared to flagship spaces while still offering prestige branding power

Financial Highlights

• Monthly Rent: $15,000
• Annual Rent: $180,000
• Price per SF: ~$456 annually
• Lease Terms: Direct lease, flexible for boutique tenants
• Upside Potential: Rare chance for small-format luxury tenants to secure a Madison Avenue identity

Location Advantages

• Neighborhood: Upper East Side – Carnegie Hill (Madison Avenue luxury corridor)
• Proximity: Near The Met, Central Park, Guggenheim Museum, and luxury residences
• Accessibility: 4/5/6 and Q subway lines nearby, plus crosstown buses
• Foot Traffic: Consistent affluent residents, museum visitors, and luxury shoppers

Summary

The 395 sq. ft. space at 1190–1200 Madison Avenue is a prime boutique retail opportunity in the Upper East Side’s Carnegie Hill. At $15,000/month (~$456/SF annually), it delivers prestige Madison Avenue frontage at an accessible rent level, making it ideal for luxury boutiques, jewelers, or galleries seeking long-term visibility in one of NYC’s most exclusive shopping districts.