Commercial Property for Lease – 1026 Third Avenue, New York, NY 10065
Asking Rent: $45,000 / Month
Size: 1,912 SF
Price per SF: ~$283 / SF annually
Property Type: Retail / Showroom / Medical / Boutique Services
Location: Midtown East – Lenox Hill / Upper East Side (10065)
Availability: Immediate
Property Overview
1026 Third Avenue offers 1,912 SF of premier retail space with strong frontage in one of Manhattan’s most desirable corridors. Located in the Lenox Hill section of the Upper East Side, this space benefits from dense residential demographics, high household incomes, and strong foot traffic from shoppers, professionals, and commuters.
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The property is ideal for luxury retail, boutique fitness/wellness, medical practices, or specialty food concepts looking for visibility and access to the UES/Midtown East customer base.
Key Features
- Total Size: 1,912 SF
- Asking Rent: $45,000/month ($540,000 annually)
- Price per SF: ~$283 annually
- Use Flexibility: Retail, showroom, medical/wellness, boutique office, or specialty F&B
- Frontage: High-visibility Third Avenue exposure
- Condition: Lease-ready; adaptable for tenant improvements
Market Profile
- Target Tenants: Luxury retail, boutique fitness, medical/wellness operators, and high-end service concepts
- Neighborhood Demand: Lenox Hill / Upper East Side is home to one of Manhattan’s highest-income demographics, driving demand for premium retail and services
- Competitive Advantage: At ~$283/SF, the space positions tenants in a high-visibility, affluent corridor where similar locations command higher rents
Financial Highlights
- Monthly Rent: $45,000
- Annual Rent: $540,000
- Price per SF: ~$283 annually
- Lease Terms: Direct lease; flexible structures available
- Upside Potential: Branding opportunity in one of NYC’s premier residential and retail markets
Location Advantages
- Neighborhood: Midtown East / Upper East Side – Lenox Hill
- Proximity: Bloomingdale’s, Central Park, luxury residential towers, Midtown office corridor
- Transit: Steps from 59th St–Lexington Ave (N/R/W, 4/5/6) and 63rd St (F/Q) subway lines
- Foot Traffic: Consistent flow from affluent residents, shoppers, and commuters
Summary
The 1,912 SF space at 1026 Third Avenue provides a premium Upper East Side leasing opportunity at $45,000/month (~$283/SF annually). With strong demographics, heavy foot traffic, and prime Third Avenue frontage, the property is ideal for luxury retailers, wellness operators, or specialty service tenants seeking Midtown East/UES exposure.
