Commercial Lease – 373 Park Avenue South, New York, NY 10016
Asking Rent: $90,000/Month
Size: 6,500 SF
Lease Type: Retail
Property Type: Ground-Floor Retail / Showroom
Location: NoMad / Flatiron District (10016)
Availability: Immediate
Property Overview
373 Park Avenue South offers a 6,500 SF prime retail space in the heart of Manhattan’s NoMad corridor, just north of Madison Square Park. With consistent foot traffic, high visibility, and adjacency to major office and residential developments, this property is an exceptional opportunity for flagship retail, dining, or lifestyle tenants.
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The expansive floorplate and Park Avenue South frontage are well-suited for fashion, showroom, gallery, restaurant, fitness, or experiential concepts seeking presence in one of Midtown South’s fastest-growing neighborhoods.
Key Features
- Total Size: ≈6,500 SF
- Asking Rent: $90,000/Month
- Annualized Rent: ≈$1,080,000
- Effective Rent per SF: ≈$166/SF annually
- Frontage: Prominent Park Avenue South visibility with strong signage and branding potential
- Configuration: Large-format retail layout adaptable for flagship use
- Building: Professional mixed-use property with strong co-tenancy and neighborhood demand
Lease & Terms
- Base Rent: $90,000/Month (~$166/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 retail lease obligations
Market Profile
- Location Advantage: Located in NoMad on Park Avenue South near 26th Street, steps from Madison Square Park, Flatiron, and Midtown South office hubs.
- Transit Access: Excellent access to 28th Street (6, R/W) and 23rd Street (6, N/Q/R/W) stations.
- Neighborhood Demand: Strong demand from fashion brands, dining concepts, showrooms, and lifestyle operators.
- Competitive Advantage: Rare 6,500 SF Park Avenue South retail floorplate combining scale, visibility, and prestige.
Summary
The 6,500 SF retail space at 373 Park Avenue South, New York, NY 10016 is offered at $90,000/Month (~$166/SF annually). With its flagship size, prime Park Avenue South location, and flexible layout, this property represents an outstanding opportunity for retail, showroom, or lifestyle brands seeking a dominant Midtown South presence.
