Commercial Property for Lease – 437 Park Avenue South, New York, NY 10016
Asking Rent: $11,000 / Month
Size: 800 SF
Price per SF: ~$165 / SF annually
Property Type: Retail / Showroom / Boutique Office
Location: Park Avenue South – NoMad / Midtown South (10016)
Availability: Immediate
Property Overview
437 Park Avenue South offers 800 SF of street-level commercial space in one of Midtown South’s most dynamic submarkets, Park Avenue South. With high visibility, strong foot traffic, and proximity to major office and residential towers, the space is ideal for boutique retail, showroom use, wellness operators, or professional offices.
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The location benefits from constant pedestrian activity and accessibility to the NoMad, Flatiron, and Murray Hill districts, making it a strong choice for tenants seeking a Midtown South presence.
Key Features
- Total Size: 800 SF
- Asking Rent: $11,000/month ($132,000 annually)
- Price per SF: ~$165 annually
- Use Flexibility: Retail, boutique office, showroom, wellness/fitness, or service use
- Frontage: Park Avenue South street exposure
- Condition: Lease-ready, adaptable for tenant build-out
Market Profile
- Target Tenants: Specialty retail, boutique professional firms, fitness/wellness operators, or creative showrooms
- Neighborhood Demand: Midtown South and NoMad are booming with hospitality, tech, creative firms, and luxury residential, creating steady demand for small-format commercial spaces
- Competitive Advantage: At ~$165/SF, this space offers Park Avenue South prestige at a manageable rent compared to Flatiron or Madison Avenue
Financial Highlights
- Monthly Rent: $11,000
- Annual Rent: $132,000
- Price per SF: ~$165 annually
- Lease Terms: Direct lease; negotiable terms
- Upside Potential: High-profile location with long-term branding opportunities for tenants
Location Advantages
- Neighborhood: Midtown South – Park Avenue South / NoMad / Flatiron District
- Proximity: Madison Square Park, Eataly, luxury hotels, Midtown office corridor
- Transit: Close to 28th Street and 33rd Street (6 line); walking distance to Penn Station and Grand Central
- Foot Traffic: Consistent from office workers, residents, and visitors
Summary
The 800 SF space at 437 Park Avenue South is a boutique Midtown South leasing opportunity at $11,000/month (~$165/SF annually). With Park Avenue South frontage and proximity to NoMad and Flatiron, the property is ideal for boutique retailers, showrooms, or professional tenants seeking high visibility in one of Manhattan’s most dynamic corridors.
