Commercial Property for Lease – 821 Madison Avenue, New York, NY 10065
Asking Rent: $110,000 / Month
Size: 6,898 SF
Price per SF: ~$191 / SF annually
Property Type: Luxury Retail / Showroom / Flagship Boutique
Location: Upper East Side – Madison Avenue Luxury Corridor (10065)
Availability: Immediate
Property Overview
821 Madison Avenue offers a 6,898 SF luxury retail space in the heart of the Upper East Side’s Gold Coast. This location provides broad frontage and high visibility along Madison Avenue, making it an exceptional opportunity for luxury fashion, jewelry, gallery, or flagship retail tenants.
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Positioned among global brands such as Chanel, Prada, and Valentino, this property benefits from Madison Avenue’s high-net-worth shopper base and international prestige.
Key Features
- Total Size: 6,898 SF
- Asking Rent: $110,000/month ($1,320,000 annually)
- Price per SF: ~$191 annually
- Frontage: Prime Madison Avenue exposure with signage potential
- Use Flexibility: Luxury fashion, gallery, jewelry, showroom, flagship boutique
- Condition: Ready for tenant build-out
Market Profile
- Target Tenants: Global luxury retailers, jewelers, galleries, upscale lifestyle brands
- Neighborhood Demand: Madison Avenue remains one of the world’s top luxury corridors, attracting affluent locals, international shoppers, and cultural tourists
- Competitive Advantage: Mid-size flagship at a competitive $191/SF, offering scale without reaching the ultra-premium pricing of 57th Street or Billionaires’ Row
Financial Highlights
- Monthly Rent: $110,000
- Annual Rent: $1,320,000
- Price per SF: ~$191 annually
- Lease Terms: Direct lease, long-term flagship opportunity preferred
- Upside Potential: Exceptional brand visibility and prestige on Madison Avenue at a balanced $/SF cost
Location Advantages
- Neighborhood: Upper East Side – Madison Avenue (10065, near 68th Street)
- Proximity: Central Park, luxury residences, The Met, and cultural institutions
- Accessibility: 6 and Q subway lines nearby, strong pedestrian traffic
- Foot Traffic: Elite shoppers, affluent residents, international tourists
Summary
The 6,898 SF retail space at 821 Madison Avenue is a prime Upper East Side flagship opportunity, priced at $110K/month (~$191/SF annually). Its location among global luxury brands, combined with broad frontage and scale, makes it ideal for luxury fashion houses, galleries, or jewelers seeking long-term brand positioning on Madison Avenue.
