Commercial Property for Lease – 942 Third Avenue, New York, NY 10022
Asking Rent: $50,000 / Month
Size: 2,351 SF
Property Type: Retail / Office / Service Space
Status: Available
Property Overview
942 Third Avenue offers 2,351 SF of flexible-use space in Midtown East, one of Manhattan’s most active mixed-use corridors. With its convenient location near East 56th Street, this property benefits from steady foot traffic generated by office workers, affluent residents, and neighborhood retail.
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The property provides an affordable entry point into a high-demand Manhattan market, ideal for professional offices, service businesses, boutique wellness operators, or neighborhood retail.
Key Features
- Total Size: 2,351 SF
- Asking Rent: $50,000/month
- Use Flexibility: Retail, office, boutique medical/wellness, or service provider
- Frontage: Third Avenue visibility with consistent traffic flow
- Condition: Lease-ready; customizable for tenant improvements
Market Profile
- Target Tenants: Small professional offices, service-oriented retailers, wellness/fitness concepts, or non-profit/community uses
- Neighborhood Demand: Midtown East offers a dense mix of offices and luxury residential towers, ensuring steady demand across sectors
Financial Highlights
- Monthly Rent: $50,000
- Lease Terms: Direct lease; flexible terms available
- Upside Potential: Affordable Midtown East location with long-term appreciation as the corridor continues to densify
Location Advantages
- Neighborhood: Midtown East – Sutton / Lenox Hill corridor
- Proximity: Bloomingdale’s, Rockefeller University, luxury residences, and Midtown office towers
- Transit: Steps to E/M/6 subways at Lexington/53rd and 59th Street transit hub
- Foot Traffic: Mix of local residents, commuters, and professionals
Summary
The 2,351 SF space at 942 Third Avenue offers a budget-friendly Midtown East leasing opportunity, priced at $50,000/month. With flexible usage potential and a prime location, it’s ideal for professional offices, boutique services, or neighborhood retailers seeking visibility at a cost-effective rate.
