Commercial Property for Lease – 411–413 Park Avenue South, New York, NY 10016
Asking Rent: $70,000 / Month
Size: 3,650 SF
Price per SF: ~$230 / SF annually
Property Type: Retail / Showroom / Restaurant / Office
Location: Midtown South – NoMad / Flatiron District
Availability: Immediate
Property Overview
411–413 Park Avenue South offers 3,650 sq. ft. of premium retail/showroom space in the highly desirable NoMad/Flatiron corridor. With broad Park Avenue frontage, high ceilings, and strong pedestrian traffic, this property is ideally positioned for luxury retail, high-end dining, boutique fitness, or creative office/showroom tenants.
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This submarket has seen rapid growth, fueled by tech, media, and hospitality demand, making it one of Manhattan’s hottest commercial destinations.
Key Features
- Total Size: 3,650 SF
- Asking Rent: $70,000/month ($840,000 annually)
- Price per SF: ~$230 annually
- Frontage: Prime Park Avenue exposure with excellent signage potential
- Use Flexibility: Retail, showroom, restaurant, or boutique office
- Condition: High-quality space ready for customization
Market Profile
- Target Tenants: Upscale restaurants, fashion/lifestyle showrooms, boutique fitness, luxury retailers, or creative firms
- Neighborhood Demand: NoMad/Flatiron has become a hub for tech, dining, and boutique retail, attracting both professionals and affluent residents
- Competitive Advantage: Park Avenue South commands premium rents but offers prestige and visibility unmatched in Midtown South
Financial Highlights
- Monthly Rent: $70,000
- Annual Rent: $840,000
- Price per SF: ~$230 annually
- Lease Terms: Negotiable (long-term flagship preferred)
- Upside Potential: Prestigious Park Avenue frontage with consistent appreciation and high tenant demand
Location Advantages
- Neighborhood: NoMad / Flatiron, Midtown South
- Proximity: Madison Square Park, Gramercy, Union Square, and Midtown office core
- Transit: Steps from 6, R/W, and N/Q subways; close to Penn Station and Grand Central
- Foot Traffic: Strong, with professionals, tourists, and residents driving demand
Summary
The 3,650 sq. ft. retail/showroom space at 411–413 Park Avenue South offers an exceptional Midtown South opportunity. At $70,000/month (~$230/SF annually), the property provides prime Park Avenue visibility in a booming commercial district. Ideal for luxury retail, upscale dining, or boutique showrooms, the property is a strong fit for tenants seeking prestige and long-term positioning in one of Manhattan’s fastest-growing submarkets.
