Commercial Lease – 463 Lexington Avenue, New York, NY 10017
Asking Rent: $40,000/month
Size: 1,230 SF
Lease Type: Retail / Food & Beverage / Boutique Service
Property Type: Ground-Floor Retail Space
Location: Midtown East / Grand Central Corridor (10017)
Availability: Immediate
Property Overview
463 Lexington Avenue offers a 1,230 SF prime retail storefront in Midtown East, just steps from Grand Central Terminal. With excellent Lexington Avenue frontage, steady commuter foot traffic, and strong neighborhood co-tenancy, this space is ideal for quick-service food, boutique retail, wellness, or service-based operators seeking visibility in a dense office and residential district.
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Key Features
- Total Size: ≈ 1,230 SF
- Asking Rent: $40,000/month
- Annualized Rent: ≈ $480,000
- Effective Rent per SF: ≈ $390/SF annually
- Configuration: Efficient layout adaptable for food use, retail, or service operations
- Frontage: Street-level Lexington Avenue exposure with branding opportunity
- Potential Uses: Quick-service restaurant, café, boutique retail, salon, wellness, specialty service
Lease & Terms
- Base Rent: $40,000/month (~$390/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and standard retail obligations
Market Profile
- Location Advantage: Prime Midtown East corridor with heavy commuter and office-worker foot traffic, surrounded by Class A office towers, hotels, and residential density.
- Transit Access: Steps to Grand Central Terminal (4, 5, 6, 7, S, Metro-North) and multiple bus lines.
- Neighborhood Demand: Strong from food & beverage operators, retail shops, and wellness services serving commuters, office workers, and local residents.
- Competitive Advantage: Rare sub-1,500 SF Lexington Avenue retail space with exposure to thousands of daily commuters.
Summary
The 1,230 SF retail space at 463 Lexington Avenue, New York, NY 10017 is available for $40,000/month (~$390/SF annually). With its prime location near Grand Central, high foot traffic, and adaptable layout, this property is a standout opportunity for food, retail, or service operators seeking Midtown East visibility.
