Commercial Property for Lease – 7 Park Avenue, New York, NY 10016
Asking Rent: $30,000 / Month
Sale Type: Lease – Retail / Boutique Commercial
Property Type: Ground-Floor Retail Space
Location: Urban – Midtown South / Murray Hill, Manhattan (10016)
Availability: Immediate
Property Overview
7 Park Avenue presents a 750 SF boutique retail space in Midtown South, positioned along prestigious Park Avenue in Murray Hill. With excellent visibility and steady pedestrian flow from residents, professionals, and nearby hotels, this property is well-suited for luxury service providers, specialty retail, or food & beverage operators seeking a premium address in a compact format.
Read More
Its smaller footprint makes it highly efficient for operators seeking identity-driven exposure while managing costs in a competitive Manhattan corridor.
Key Features
- Size: 750 SF
- Asking Rent: $30,000 / month (~$480 PSF annualized)
- Configuration: Boutique floorplate with strong frontage on Park Avenue
- Frontage: Excellent exposure in a high-density residential/professional corridor
- Market Segment: Boutique retail, service operators, premium food & beverage
Market Profile
- Submarket: Midtown South / Murray Hill – blend of residential density, professional offices, and hospitality
- Demand Drivers: Park Avenue’s prestige address, nearby hotels, and proximity to Grand Central Terminal
- Target Tenants: Boutique luxury retail, wellness/fitness studios, coffee/wine concepts, and premium service providers
- Competitive Advantage: Rare small-format Park Avenue frontage, appealing to tenants priced out of larger flagship spaces
Financial Highlights
- Asking Rent: $30,000 / month
- Size: 750 SF
- Asking Rent per SF (Annualized): ~$480/SF
- Lease Type: Typically NNN or modified gross (to be negotiated)
- Upside Potential: High brand visibility with lower absolute cost compared to larger Midtown retail footprints
Location Advantages
- Neighborhood: Murray Hill / Midtown South – strong mix of affluent residents, professionals, and hospitality traffic
- Proximity: Near Grand Central Terminal, East 34th Street, and Midtown office cluster
- Transit: Excellent subway access (4/5/6, 7, S) and Metro-North at Grand Central
- Tenant Demand: Strong from boutique brands, service operators, and small-format F&B seeking Midtown prestige
Summary
The 750 SF retail unit at 7 Park Avenue, New York, NY is offered at $30,000/month (~$480/SF annually), representing a premium boutique opportunity on Park Avenue. With its prestigious address, high foot traffic, and compact efficiency, this property is ideal for luxury retail or specialty operators seeking brand presence in Midtown South.
