For Lease – 482–484 Third Avenue, New York, NY 10016
Asking Rent: $20,000 / Month
Size: 740 SF
Property Type: Retail
Location: Murray Hill / Midtown East (10016)
Property Overview
482–484 Third Avenue offers a 740 SF ground-floor retail storefront in the heart of Murray Hill, a vibrant Midtown East neighborhood known for its mix of residential, office, and hospitality traffic. This compact space delivers high visibility along Third Avenue and steady foot traffic from local residents, office workers, and nearby nightlife/dining venues.
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The property is well-suited for food & beverage, boutique retail, wellness, or service-based operators seeking an intimate yet prominent Midtown presence.
Key Features
- Total Size: ≈740 SF
- Asking Rent: $20,000 / month
- Annualized Rent: ≈$240,000
- Effective Rent per SF: ≈$324/SF annually
- Frontage: Prime Third Avenue exposure with branding/signage opportunity
- Configuration: Efficient floorplan adaptable for café, grab-and-go, boutique retail, or wellness uses
- Building: Mixed-use property with strong neighborhood co-tenancy
Lease & Terms
- Base Rent: $20,000 / month (~$324/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE taxes, and typical obligations for retail tenants
Market Profile
- Location Advantage: Situated on Third Avenue in Murray Hill, surrounded by dense residential towers, offices, and dining/nightlife corridors.
- Transit Access: Steps from the 33rd Street (6) subway station, with easy access to Grand Central Terminal and crosstown buses.
- Neighborhood Demand: Strong demand from food, fitness, personal services, and boutique operators serving local residents and Midtown professionals.
- Competitive Advantage: Rare sub-1,000 SF Midtown East storefront with affordable rent and prime visibility.
Summary
The 740 SF retail space at 482–484 Third Avenue, New York, NY 10016 is offered at $20,000/month (~$324/SF annually). With its boutique size, strong neighborhood demographics, and prime Third Avenue visibility, this property represents an excellent opportunity for retail or F&B operators seeking Midtown exposure.
