Commercial Lease – 525 Lexington Avenue, New York, NY 10017
Asking Rent: $120,000/month
Size: 10,000 SF
Lease Type: Retail / Flagship / Food & Beverage / Showroom
Property Type: Ground-Floor & Lower-Level Retail Space
Location: Midtown East / Grand Central Corridor (10017)
Availability: Immediate
Property Overview
525 Lexington Avenue presents a 10,000 SF flagship retail opportunity in the heart of Midtown East. Located at the base of a major hotel and surrounded by Class A office towers, luxury residential buildings, and premier retailers, this space is ideally positioned for national brands, food & beverage operators, showrooms, or experiential retail concepts seeking visibility in one of Manhattan’s busiest corridors.
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The property benefits from wide Lexington Avenue frontage, heavy commuter and hotel guest traffic, and proximity to Grand Central Terminal and the United Nations.
Key Features
- Total Size: ≈ 10,000 SF
- Asking Rent: $120,000/month
- Annualized Rent: ≈ $1,440,000
- Effective Rent per SF: ≈ $144/SF annually
- Configuration: Large, flexible floorplate with potential for multi-level activation
- Frontage: Prominent Lexington Avenue frontage with excellent branding opportunities
- Potential Uses: Flagship retail, restaurant, showroom, fitness, entertainment, or specialty grocery
Lease & Terms
- Base Rent: $120,000/month (~$144/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 obligations typical for retail leases
Market Profile
- Location Advantage: Premier Midtown East corridor near Grand Central, the UN, and high-density office and hotel traffic.
- Transit Access: Steps from Grand Central Terminal (4, 5, 6, 7, S, Metro-North) and close to multiple bus/subway connections.
- Neighborhood Demand: Strong from flagship retail, dining, fitness/wellness, and international brands serving commuters, tourists, and local professionals.
- Competitive Advantage: Rare 10,000 SF retail flagship with Lexington Avenue frontage in Midtown East, offering scale, visibility, and prestige.
Summary
The 10,000 SF retail flagship at 525 Lexington Avenue, New York, NY 10017 is offered at $120,000/month (~$144/SF annually). With its prime Lexington Avenue frontage, large floorplate, and heavy pedestrian flow from commuters and hotel guests, this property represents a premier opportunity for flagship retail, restaurants, or experiential operators seeking a Midtown East presence.
