Commercial Property for Lease – 747 Third Avenue, New York, NY 10017
Asking Rent: $120,000 / Month
Size: 5,253 SF
Price per SF: ~$274 / SF annually
Property Type: Retail / Showroom / Flagship Space
Status: Available
Property Overview
747 Third Avenue offers 5,253 SF of premier commercial space in the Midtown East Plaza District, one of Manhattan’s most sought-after corporate and retail corridors. With expansive frontage on Third Avenue, this property provides high branding visibility to both commuter traffic and neighborhood residents.
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This large-format space is ideal for flagship retail, luxury showroom, medical/wellness facilities, or financial/professional service tenants seeking long-term presence in a prestigious Midtown location.
Key Features
- Total Size: 5,253 SF
- Asking Rent: $120,000/month ($1,440,000 annually)
- Price per SF: ~$274 annually
- Use Flexibility: Retail, luxury showroom, medical/wellness, financial/professional services, or boutique flagship
- Frontage: Expansive Third Avenue exposure for strong brand presence
- Condition: Lease-ready; adaptable for build-out or customization
- Availability: Immediate
Market Profile
- Target Tenants: High-end retailers, luxury lifestyle brands, medical/wellness operators, boutique banks, or financial firms
- Neighborhood Demand: The Plaza District is home to major corporate headquarters, luxury hotels, and Class A office tenants, ensuring a consistent, affluent customer base
- Competitive Advantage: At ~$274/SF annually, this space offers large-scale visibility at pricing competitive with neighboring flagship opportunities
Financial Highlights
- Monthly Rent: $120,000
- Annual Rent: $1,440,000
- Price per SF: ~$274 annually
- Lease Terms: Direct lease; long-term flagship structure preferred
- Upside Potential: Exceptional exposure for tenants seeking prestige and permanence in Midtown East
Location Advantages
- Neighborhood: Midtown East – Plaza District
- Proximity: Grand Central Terminal, Chrysler Building, Rockefeller Center, luxury residential towers
- Transit: Steps to 51st Street (6 line), Lexington/53rd (E/M), and Grand Central (4/5/6/7/S)
- Foot Traffic: Dense mix of office workers, residents, and commuter flows
Summary
The 5,253 SF space at 747 Third Avenue represents a flagship Midtown East leasing opportunity at $120,000/month (~$274/SF annually). With expansive frontage, flexible use potential, and direct access to one of Manhattan’s most prestigious business districts, this property is ideal for luxury retailers, professional services, or wellness/medical operators seeking long-term brand presence.
