Commercial Property for Lease – 1392 Madison Avenue, New York, NY 10029

Asking Rent: $15,000 / Month
Size: 492 SF
Price per SF: ~$366 / SF annually
Property Type: Boutique Retail / Gallery / Specialty Services
Location: Upper East Side – Carnegie Hill / Madison Avenue (10029)
Availability: Immediate

Property Overview

1392 Madison Avenue presents a 492 SF boutique retail space in the Carnegie Hill section of the Upper East Side. Compact yet prestigious, this property is ideal for luxury services, specialty retail, jewelers, art galleries, or lifestyle boutiques.

This stretch of Madison Avenue benefits from affluent residential demand, proximity to cultural anchors like The Met and Guggenheim, and steady luxury shopper traffic.

Key Features

• Total Size: 492 SF
• Asking Rent: $15,000/month ($180,000 annually)
• Price per SF: ~$366 annually
• Frontage: Madison Avenue exposure, excellent visibility
• Use Flexibility: Boutique retail, jewelry, gallery, specialty concept shop, high-end services
• Condition: Turn-key, immediate availability

Market Profile

• Target Tenants: Jewelers, art galleries, luxury accessories, wellness/beauty brands, niche lifestyle operators
• Neighborhood Demand: Carnegie Hill attracts affluent families, professionals, and cultural tourists
• Competitive Advantage: Small-format retail on Madison Avenue, allowing accessible monthly rent while still capturing luxury corridor prestige

Financial Highlights

• Monthly Rent: $15,000
• Annual Rent: $180,000
• Price per SF: ~$366 annually
• Lease Terms: Direct lease, flexible for boutique operators
• Upside Potential: Opportunity for emerging brands or luxury services to establish a Madison Avenue presence

Location Advantages

• Neighborhood: Carnegie Hill – Upper East Side
• Proximity: Central Park, The Met, Guggenheim, affluent residential blocks
• Accessibility: 4/5/6 subway, Q line, crosstown buses nearby
• Foot Traffic: Strong mix of residents, museum visitors, and high-net-worth shoppers

Summary

The 492 SF space at 1392 Madison Avenue provides a rare boutique opportunity on one of the world’s most prestigious luxury corridors. At $15K/month (~$366/SF annually), it delivers prime branding and visibility for jewelers, galleries, or specialty luxury tenants seeking Madison Avenue prestige at a smaller scale.