Commercial Lease – 320 East 86th Street, New York, NY 10028
Asking Rent: $40,000/Month
Size: 2,472 SF
Lease Type: Retail
Property Type: Ground-Floor Retail Space
Location: Upper East Side (10028)
Availability: Immediate
Property Overview
320 East 86th Street offers a 2,472 SF retail space in a high-demand Upper East Side corridor. Positioned steps from 2nd Avenue and the Q line, this location benefits from dense residential population, consistent pedestrian traffic, and strong neighborhood retail demand.
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The space’s scale and visibility make it well-suited for food & beverage, boutique retail, fitness/wellness, or service-based operators targeting the Upper East Side’s growing residential base and steady commuter flow.
Key Features
- Total Size: ≈2,472 SF
- Asking Rent: $40,000/Month
- Annualized Rent: ≈$480,000
- Effective Rent per SF: ≈$194/SF annually
- Frontage: Prominent East 86th Street exposure with excellent branding and signage opportunities
- Configuration: Efficient floorplan adaptable for restaurant/café, retail boutique, or fitness/wellness concept
- Building: Mixed-use property with strong neighborhood co-tenancy
Lease & Terms
- Base Rent: $40,000/Month (~$194/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: Core Upper East Side retail corridor near 2nd Avenue and the Q train, surrounded by residential density and neighborhood amenities.
- Transit Access: Steps from 86th Street–2nd Avenue (Q) and close to Lexington Avenue–86th Street (4/5/6).
- Neighborhood Demand: Strong demand from neighborhood dining, coffee, fitness/wellness, and boutique retail operators.
- Competitive Advantage: A rare sub-2,500 SF East 86th Street retail space with high pedestrian visibility and excellent transit access.
Summary
The 2,472 SF retail space at 320 East 86th Street, New York, NY 10028 is offered at $40,000/Month (~$194/SF annually). With its prime East 86th Street frontage, transit convenience, and adaptable layout, this property represents a compelling opportunity for retailers and food & beverage operators seeking Upper East Side presence.
