Commercial Lease – 270 Park Avenue South, New York, NY 10010
Asking Rent: $120,000/Month
Size: 4,900 SF
Lease Type: Retail
Property Type: Ground-Floor Flagship Retail / Showroom
Location: Flatiron / Union Square District (10010)
Availability: Immediate
Property Overview
270 Park Avenue South offers a 4,900 SF prime retail space in one of Manhattan’s most dynamic live-work-play corridors, bridging the Flatiron District and Union Square. With strong pedestrian volumes, affluent demographics, and proximity to major residential and office towers, this property represents a rare flagship retail opportunity.
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The expansive layout is ideal for fashion, flagship lifestyle retail, fitness/wellness concepts, galleries, or food & beverage operators seeking high visibility and branding potential along Park Avenue South.
Key Features
- Total Size: ≈4,900 SF
- Asking Rent: $120,000/Month
- Annualized Rent: ≈$1,440,000
- Effective Rent per SF: ≈$294/SF annually
- Frontage: Prominent Park Avenue South exposure with strong signage opportunities
- Configuration: Large-format retail floorplate adaptable for flagship retail, restaurant, or showroom use
- Building: Mixed-use Flatiron/Union Square property with strong co-tenancy and neighborhood synergy
Lease & Terms
- Base Rent: $120,000/Month (~$294/SF/YR)
- Term: Negotiable (long-term flagship preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE taxes, and standard obligations for retail leases
Market Profile
- Location Advantage: Strategically located on Park Avenue South at the intersection of Flatiron, Union Square, and Gramercy, with direct access to major retail and dining corridors.
- Transit Access: Steps from 23rd Street (6, R/W) and Union Square (4/5/6, N/Q/R/W, L).
- Neighborhood Demand: Popular with fashion retailers, wellness/fitness operators, restaurants, and luxury lifestyle brands.
- Competitive Advantage: Rare sub-5,000 SF Park Avenue South flagship offering visibility, branding, and foot traffic in one of Manhattan’s top mixed-use corridors.
Summary
The 4,900 SF retail space at 270 Park Avenue South, New York, NY 10010 is offered at $120,000/Month (~$294/SF annually). With its flagship scale, Park Avenue frontage, and prime Flatiron/Union Square positioning, this property is an outstanding opportunity for retail or lifestyle tenants seeking a dominant downtown presence.
