Commercial Property for Lease – 299 Park Avenue, New York, NY 10171
Asking Rent: $60,000 / Month
Sale Type: Lease – Retail / Showroom / Commercial
Property Type: Ground-Floor Retail / Lifestyle Space
Location: Urban – Midtown East / Park Avenue Corridor, Manhattan (10171)
Availability: Immediate
Property Overview
299 Park Avenue offers 2,860 SF of premium retail/commercial space in the heart of Midtown East along prestigious Park Avenue. Located within a Class A office tower, the property benefits from corporate tenants, high pedestrian traffic, and proximity to Grand Central Terminal.
Read More
The space’s configuration is ideal for flagship retail, boutique fitness/wellness, financial services, or experiential food & beverage operators seeking a Midtown East presence with Park Avenue branding.
Key Features
- Size: 2,860 SF
- Asking Rent: $60,000 / month (~$252 PSF annualized)
- Configuration: Flexible open plan, adaptable for retail, showroom, or service tenants
- Frontage: Strong visibility on Park Avenue, surrounded by Class A office towers
- Market Segment: Retail, boutique service, wellness, financial/lifestyle operators
Market Profile
- Submarket: Midtown East / Park Avenue – home to Fortune 500 offices, luxury hotels, and affluent professionals
- Demand Drivers: Corporate tenants in Park Avenue towers, Grand Central commuter flow, and proximity to luxury retail corridors on Madison & Fifth Avenues
- Target Tenants: Upscale retailers, fitness/wellness operators, food & beverage, or financial service providers
- Competitive Advantage: Large-format space with Park Avenue address at a competitive PSF relative to nearby luxury corridors
Financial Highlights
- Asking Rent: $60,000 / month
- Size: 2,860 SF
- Asking Rent per SF (Annualized): ~$252/SF
- Lease Type: Typically NNN or modified gross (to be negotiated)
- Upside Potential: Brand exposure in Midtown East’s corporate hub with strong long-term rent stability
Location Advantages
- Neighborhood: Midtown East – dense corporate and hospitality-driven corridor anchored by Park Avenue towers
- Proximity: Steps from Grand Central Terminal, Waldorf Astoria, and Madison/Fifth Avenue retail corridors
- Transit: Excellent access to 4/5/6, 7, and S subway lines, Metro-North at Grand Central, and bus routes
- Tenant Demand: Consistently strong from luxury service, retail, and F&B concepts catering to corporate and affluent clientele
Summary
The 2,860 SF retail/commercial unit at 299 Park Avenue is offered at $60,000/month (~$252/SF annually), delivering a prestigious Park Avenue address in one of Manhattan’s most important corporate corridors. With strong co-tenancy, steady commuter traffic, and a prime Midtown East location, this property is ideal for retail, wellness, or boutique operators seeking long-term value.
