Retail

Commercial Property for Lease – 914 Third Avenue, New York, NY 10022

Asking Rent: $40,000 / Month
Size: 1,610 SF
Price per SF: ~$298 / SF annually
Property Type: Retail / Showroom / Boutique Services
Location: Midtown East – Lenox Hill / Third Avenue Corridor (10022)
Availability: Immediate

Property Overview

914 Third Avenue offers 1,610 SF of prime commercial space in Midtown East’s Lenox Hill district. With strong retail frontage on Third Avenue, high daily pedestrian counts, and proximity to both residential and office populations, the property is ideally suited for luxury retail, boutique services, wellness operators, or high-end food/beverage concepts.

This location benefits from a dense mix of affluent Upper East Side residents, Midtown office workers, and visitors, making it a strong candidate for tenants seeking visibility in a premier corridor.

Key Features

• Total Size: 1,610 SF
• Asking Rent: $40,000/month ($480,000 annually)
• Price per SF: ~$298 annually
• Use Flexibility: Retail, showroom, medical/wellness, boutique office, or specialty F&B
• Frontage: Prominent Third Avenue exposure with strong branding potential
• Condition: Lease-ready; adaptable for tenant improvements

Market Profile

• Target Tenants: Luxury boutiques, medical/wellness practices, specialty food & beverage, and service-driven retailers
• Neighborhood Demand: Midtown East / Upper East Side corridor benefits from one of Manhattan’s wealthiest residential bases, paired with Midtown commuter flow
• Competitive Advantage: At ~$298/SF, this property offers flagship-level presence in a corridor where smaller-format spaces are rarely available

Financial Highlights

• Monthly Rent: $40,000
• Annual Rent: $480,000
• Price per SF: ~$298 annually
• Lease Terms: Direct lease; flexible term options
• Upside Potential: Strong branding exposure on Third Avenue with a built-in high-income customer base

Location Advantages

• Neighborhood: Midtown East / Lenox Hill – Third Avenue corridor
• Proximity: Bloomingdale’s, luxury residential towers, Midtown office hubs, Central Park
• Transit: Steps to E/M and 6 subway lines at Lexington/53rd and 59th Street
• Foot Traffic: High pedestrian volumes from residents, office workers, and destination shoppers

Summary

The 1,610 SF space at 914 Third Avenue offers a premium Midtown East leasing opportunity at $40,000/month (~$298/SF annually). With strong Third Avenue visibility, affluent neighborhood demographics, and a balance of office and residential demand, it is an exceptional fit for luxury retail, boutique services, or high-end wellness/medical tenants.