Commercial Lease – 1066–1074 First Avenue, New York, NY 10022
Asking Rent: $30,000/month
Size: 1,962 SF
Lease Type: Retail / Food & Beverage / Boutique Service
Property Type: Ground-Floor Retail Space
Location: Midtown East / Sutton Place Corridor (10022)
Availability: Immediate
Property Overview
1066–1074 First Avenue presents a 1,962 SF retail opportunity in the heart of Midtown East, one of Manhattan’s most established residential and business districts. Featuring broad First Avenue frontage, steady foot traffic, and strong neighborhood demographics, this space is ideal for restaurant/café operators, boutique retailers, wellness/fitness tenants, or professional service providers.
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Its strategic location near the United Nations, Midtown corporate towers, and high-income residential towers ensures both local repeat business and destination visibility.
Key Features
- Total Size: ≈ 1,962 SF
- Asking Rent: $30,000/month
- Annualized Rent: ≈ $360,000
- Effective Rent per SF: ≈ $183/SF annually
- Configuration: Flexible open-plan layout, adaptable for food service, retail, or service uses
- Frontage: Prominent First Avenue exposure with wide branding opportunity
- Potential Uses: Restaurant/café, boutique retail, salon/spa, wellness/fitness, gallery, medical/professional office
Lease & Terms
- Base Rent: $30,000/month (~$183/SF/YR)
- Term: Negotiable (long-term preferred for retail users)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard financials required
- Tenant Responsibilities: Utilities, RE tax, and typical retail lease obligations
Market Profile
- Location Advantage: Prime Midtown East/Sutton Place corridor surrounded by luxury residences, offices, embassies, and destination dining.
- Transit Access: Close to 51st Street (6, E, M), Lexington Ave–53rd Street (E, M), and multiple bus routes.
- Neighborhood Demand: Strong from dining operators, boutique shops, and wellness/medical users serving both residential and office populations.
- Competitive Advantage: Rare sub-2,000 SF retail space on First Avenue with branding exposure in a high-density Midtown neighborhood.
Summary
The 1,962 SF retail space at 1066–1074 First Avenue, New York, NY 10022 is offered at $30,000/month (~$183/SF annually). With its Midtown East location, strong neighborhood traffic, and adaptable configuration, this property is a standout opportunity for food, retail, or wellness operators seeking a high-visibility Manhattan address.
