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.

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.