Key Features
- Total Size: ≈ 2,000 SF
- Asking Rent: $50,000/month
- Annualized Rent: ≈ $600,000
- Effective Rent per SF: ≈ $300/SF annually
- Configuration: Efficient boutique retail footprint adaptable for flagship retail, showroom, or food & beverage
- Frontage: Prestigious Fifth Avenue exposure with global branding impact
- Potential Uses: Luxury retail, boutique fashion, jewelry, flagship showroom, experiential/lifestyle retail
Lease & Terms
- Base Rent: $50,000/month (~$300/SF/YR)
- Term: Negotiable (long-term flagship lease preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for flagship retail leases
Market Profile
Location Advantage: Fifth Avenue corridor between 52nd and 59th Streets—home to Cartier, Rolex, Tiffany & Co., Saks, and other global luxury retailers.
Transit Access: Steps from 5th Ave–53rd St (E/M), 5th Ave–59th St (N/R/W), and Grand Central Terminal (4/5/6, 7, S, Metro-North).
Neighborhood Demand: Strong from luxury brands, experiential retail operators, and flagship tenants targeting both international tourists and affluent local shoppers.
Competitive Advantage: Rare 2,000 SF Fifth Avenue retail offering at accessible pricing compared to larger flagship boxes, delivering premium exposure with manageable scale.
Summary
The 2,000 SF retail space at 675 Fifth Avenue, New York, NY 10022 is available at $50,000/month (~$300/SF annually). With unmatched Fifth Avenue frontage, boutique scale, and prime Plaza District positioning, this property is a premier opportunity for luxury retailers and global brands to establish flagship presence.
