For Lease – 505 Park Avenue, New York, NY 10022
Asking Rent: $70,000 / month
Size: 2,476 SF
Property Type: Retail
Location: Upper East Side / Plaza District (10022)
Property Overview
505 Park Avenue offers a 2,476 SF premier retail storefront at the base of a distinguished Park Avenue address. With strong visibility, steady pedestrian traffic, and proximity to luxury retail and corporate tenants, this space is well-suited for flagship fashion, jewelry, gallery, fine dining, or luxury service brands.
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Key Features
- Total Size: ≈2,476 SF
- Asking Rent: $70,000 / month
- Annualized Rent: ≈$840,000
- Effective Rent per SF: ≈$339/SF annually
- Frontage: Prominent Park Avenue exposure with premium signage opportunity
- Layout: Efficient, adaptable floorplan for boutique or flagship retail concepts
- Building: Prestigious mixed-use tower with strong co-tenancy in the Upper East Side / Plaza District
Lease & Terms
- Base Rent: $70,000 / month (~$339/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: Nestled in the Park Avenue/Plaza District corridor, surrounded by luxury shopping, high-end dining, and global corporate headquarters.
- Transit Access: Close to 59th Street/Lexington (4/5/6, N/R/W) and multiple crosstown/uptown buses.
- Neighborhood Demand: Strong demand from luxury, boutique, and lifestyle tenants seeking prestige.
- Competitive Advantage: Rare sub-2,500 SF Park Avenue retail space at the intersection of Midtown luxury and Upper East Side affluence.
Summary
The 2,476 SF retail space at 505 Park Avenue, New York, NY 10022 is offered at $70,000/month (~$339/SF annually). With its premier Park Avenue address, boutique size, and luxury market positioning, this property represents an excellent flagship opportunity for high-end brands.
