Commercial Property for Lease – 780 Third Avenue, New York, NY 10017
Asking Rent: $60,000 / Month
Size: 1,659 SF
Price per SF: ~$434 / SF annually
Property Type: Retail / Showroom / Flagship Space
Status: Available
Property Overview
780 Third Avenue offers 1,659 SF of prime ground-floor commercial space in the heart of Midtown East’s Plaza District. With excellent Third Avenue frontage and exposure to heavy commuter and office traffic, this property is a rare opportunity for luxury retailers, flagship showrooms, or high-end service operators seeking Midtown visibility.
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The property is surrounded by Class A office towers, luxury residential buildings, and premier shopping and dining destinations, making it an ideal high-profile location.
Key Features
- Total Size: 1,659 SF
- Asking Rent: $60,000/month ($720,000 annually)
- Price per SF: ~$434 annually
- Use Flexibility: Luxury retail, showroom, medical/wellness, financial services, or boutique flagship
- Frontage: Prominent Third Avenue exposure with strong branding opportunity
- Condition: High-profile space, adaptable for tenant improvements
Market Profile
- Target Tenants: Luxury brands, boutique financial firms, medical/wellness practices, or flagship experiential retailers
- Neighborhood Demand: Midtown East is home to major corporate tenants, affluent residents, and constant commuter traffic, creating unmatched exposure for high-end users
- Competitive Advantage: At ~$434/SF annually, this space commands premium rent but offers flagship presence in one of Manhattan’s most prestigious corridors
Financial Highlights
- Monthly Rent: $60,000
- Annual Rent: $720,000
- Price per SF: ~$434 annually
- Lease Terms: Direct lease; flagship/long-term structure preferred
- Upside Potential: Opportunity for brand visibility in Midtown East’s Plaza District with long-term stability
Location Advantages
- Neighborhood: Midtown East – Plaza District
- Proximity: Grand Central Terminal, Chrysler Building, United Nations, and luxury hotels
- Transit: Steps to E/M/6 at Lexington/53rd, 4/5/6/7/S at Grand Central
- Foot Traffic: High daily volumes from commuters, corporate professionals, and residents
Summary
The 1,659 SF space at 780 Third Avenue is a flagship Midtown East opportunity, priced at $60,000/month (~$434/SF annually). With prestige frontage, constant visibility, and access to one of Manhattan’s most influential business and residential districts, this property is ideal for luxury retail, boutique financial, or medical/wellness tenants.
