Commercial Lease – 1124–1128 First Avenue, New York, NY 10065
Asking Rent: $40,000/month
Size: 2,892 SF
Lease Type: Retail / Food & Beverage / Boutique Service
Property Type: Ground-Floor Retail Space
Location: Midtown East / Upper East Side Border (10065)
Availability: Immediate
Property Overview
1124–1128 First Avenue offers a 2,892 SF retail space with prime frontage along one of the Upper East Side’s busiest commercial corridors. With steady pedestrian traffic, strong residential demographics, and proximity to major hospitals and office towers, this location is ideally suited for restaurant/café concepts, boutique retail, fitness/wellness studios, or medical/professional tenants.
Read More
The property’s size and visibility make it an excellent flagship opportunity for operators looking to serve both the local residential base and daytime office population.
Key Features
- Total Size: ≈ 2,892 SF
- Asking Rent: $40,000/month
- Annualized Rent: ≈ $480,000
- Effective Rent per SF: ≈ $166/SF annually
- Configuration: Flexible open-plan retail space adaptable for food, boutique retail, or service operators
- Frontage: Prominent First Avenue exposure with wide branding opportunities
- Potential Uses: Flagship dining, boutique retail, salon/spa, fitness/wellness, gallery, medical/professional office
Lease & Terms
- Base Rent: $40,000/month (~$166/SF/YR)
- Term: Negotiable (long-term preferred for retail users)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases
Market Profile
- Location Advantage: Situated along the First Avenue corridor at the Midtown East / Upper East Side border, surrounded by affluent residential towers, medical institutions, and high-traffic dining corridors.
- Transit Access: Easy access to Lexington Ave–59th Street (4/5/6, N/Q/R/W) and 63rd Street (F/Q).
- Neighborhood Demand: Strong from dining, boutique retail, and medical/wellness operators serving Upper East Side and Midtown clientele.
- Competitive Advantage: A rare sub-3,000 SF retail block on First Avenue offering large-format visibility in a supply-constrained market.
Summary
The 2,892 SF retail space at 1124–1128 First Avenue, New York, NY 10065 is offered at $40,000/month (~$166/SF annually). With its prime Midtown East/Upper East Side location, wide frontage, and adaptable floorplate, the property is a standout opportunity for restaurants, boutique retailers, or service-based tenants seeking a high-visibility Manhattan presence.
