Commercial Lease – 1280–1288 Lexington Avenue, New York, NY 10028
Asking Rent: $40,000/month
Size: 1,277 SF
Lease Type: Retail / Food & Beverage / Boutique Service
Property Type: Ground-Floor Retail Space
Location: Upper East Side / Carnegie Hill (10028)
Availability: Immediate
Property Overview
1280–1288 Lexington Avenue offers a 1,277 SF retail storefront in one of Manhattan’s most affluent and high-demand neighborhoods—the Upper East Side near Carnegie Hill. With excellent Lexington Avenue frontage, steady pedestrian flow, and proximity to the 86th Street transit hub, this property is ideally suited for luxury retail, specialty food & beverage, boutique wellness, or service operators targeting the area’s upscale demographic.
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Key Features
- Total Size: ≈ 1,277 SF
- Asking Rent: $40,000/month
- Annualized Rent: ≈ $480,000
- Effective Rent per SF: ≈ $376/SF annually
- Configuration: Efficient floorplan adaptable for retail, boutique food use, or service build-out
- Frontage: Strong Lexington Avenue exposure with branding opportunity
- Potential Uses: Boutique fashion, specialty food, café, wellness/fitness, gallery, salon, service retail
Lease & Terms
- Base Rent: $40,000/month (~$376/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: Situated in the Upper East Side’s Carnegie Hill corridor, surrounded by luxury residences, cultural institutions, and neighborhood retail.
- Transit Access: Steps from the 86th Street Q train, close to the 4/5/6 lines at 86th Street–Lexington.
- Neighborhood Demand: Strong from boutique retailers, luxury service providers, and food & beverage operators serving a high-income residential base.
- Competitive Advantage: Rare sub-1,500 SF UES storefront with premium Lexington Avenue visibility.
Summary
The 1,277 SF retail space at 1280–1288 Lexington Avenue, New York, NY 10028 is offered at $40,000/month (~$376/SF annually). With its prestigious Lexington Avenue frontage, prime UES location, and adaptable layout, this property is a standout opportunity for luxury retail, café, or service operators seeking presence in Carnegie Hill.
