Commercial Lease – 470 Park Avenue South, New York, NY 10016
Asking Rent: $80,000/Month
Size: 3,074 SF
Lease Type: Retail
Property Type: Ground-Floor Retail / Showroom
Location: NoMad / Midtown South (10016)
Availability: Immediate
Property Overview
470 Park Avenue South offers a 3,074 SF prime retail space in the heart of NoMad, one of Manhattan’s fastest-evolving neighborhoods. With a prestigious Park Avenue South address, this property provides exceptional visibility, steady pedestrian activity, and adjacency to luxury hotels, Class A offices, and high-end residential developments.
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The space is ideal for fashion, boutique retail, fitness/wellness, gallery, or experiential dining/showroom concepts seeking a branded presence along Park Avenue South.
Key Features
- Total Size: ≈3,074 SF
- Asking Rent: $80,000/Month
- Annualized Rent: ≈$960,000
- Effective Rent per SF: ≈$312/SF annually
- Frontage: Prominent Park Avenue South exposure with strong signage and branding opportunities
- Configuration: Open-format floorplan adaptable for retail, showroom, or service use
- Building: Professional mixed-use property with strong co-tenancy and neighboring anchor tenants
Lease & Terms
- Base Rent: $80,000/Month (~$312/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 taxes, and typical retail lease obligations
Market Profile
- Location Advantage: Prime Park Avenue South corridor between Murray Hill and NoMad, surrounded by hospitality, dining, and office hubs.
- Transit Access: Steps from 28th Street (6, R/W), with nearby access to Penn Station and Grand Central Terminal.
- Neighborhood Demand: High demand from retail, food & beverage, wellness, and experiential concepts seeking Midtown South visibility.
- Competitive Advantage: Rare 3,000+ SF Park Avenue South storefront offering prestige, visibility, and strong demographics.
Summary
The 3,074 SF retail space at 470 Park Avenue South, New York, NY 10016 is offered at $80,000/Month (~$312/SF annually). With its boutique flagship size, Park Avenue South frontage, and strong Midtown South positioning, this property is a prime opportunity for tenants seeking visibility and branding power in a thriving corridor.
