Commercial Property for Lease – 301 Park Avenue, New York, NY 10022
Asking Rent: $150,000 / Month
Sale Type: Lease – Retail / Flagship Commercial Opportunity
Property Type: Ground-Floor Retail / Showroom / Hospitality Space
Location: Urban – Midtown East / Park Avenue Corridor, Manhattan (10022)
Availability: Immediate
Property Overview
301 Park Avenue offers a 9,500 SF flagship retail/commercial opportunity within the historic Waldorf Astoria complex, one of Midtown’s most iconic addresses. This rare large-format space combines exceptional scale, prestigious Park Avenue frontage, and co-tenancy with luxury retail and hospitality operators.
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The property is ideally positioned for luxury fashion houses, flagship showrooms, experiential lifestyle operators, or fine dining concepts seeking brand-defining presence in one of New York City’s most prestigious corridors.
Key Features
- Size: 9,500 SF
- Asking Rent: $150,000 / month (~$190 PSF annualized)
- Configuration: Expansive floor plan adaptable for retail, showroom, or hospitality
- Frontage: Prominent Park Avenue exposure at Waldorf Astoria
- Market Segment: Flagship retail, luxury lifestyle, fine dining, experiential tenants
Market Profile
- Submarket: Midtown East / Park Avenue – anchored by corporate headquarters, luxury hotels, and affluent residential demand
- Demand Drivers: The Waldorf Astoria redevelopment, corporate tenants in Park Avenue towers, proximity to Madison and Fifth Avenue luxury corridors
- Target Tenants: International fashion/luxury brands, experiential retail, hospitality groups, or institutional flagship tenants
- Competitive Advantage: One of the largest available Park Avenue retail footprints, with unmatched brand prestige attached to the Waldorf Astoria
Financial Highlights
- Asking Rent: $150,000 / month
- Size: 9,500 SF
- Asking Rent per SF (Annualized): ~$190/SF
- Lease Type: Typically NNN or modified gross (to be negotiated)
- Upside Potential: Long-term appreciation due to Waldorf Astoria cachet and scarcity of large Park Avenue flagship retail
Location Advantages
- Neighborhood: Midtown East – Manhattan’s premier corporate and luxury hospitality corridor
- Proximity: Within Waldorf Astoria complex; near Grand Central Terminal, Madison and Fifth Avenue retail districts, and luxury residential towers
- Transit: Excellent access to 4/5/6, 7, and S subway lines, Metro-North at Grand Central, and crosstown routes
- Tenant Demand: Extremely high from global luxury brands and flagship-scale operators
Summary
The 9,500 SF flagship retail/commercial space at 301 Park Avenue, New York, NY is offered at $150,000/month (~$190/SF annually). With its prestigious Waldorf Astoria address, expansive floorplate, and strong luxury co-tenancy, the property presents a rare chance to establish a brand-defining presence on Park Avenue in Midtown East.
