Retail

For Lease – 889 First Avenue, New York, NY 10022

Asking Rent: $15,000 / Month
Size: 2,000 SF
Property Type: Retail
Location: Midtown East / Turtle Bay (10022)

Property Overview

889 First Avenue offers a 2,000 SF retail storefront with excellent visibility along a busy Midtown East corridor. Located near the United Nations, Grand Central, and a growing residential base, the property benefits from steady foot traffic from office workers, residents, and international visitors. Its efficient layout makes it an attractive option for restaurants, cafés, boutique retail, wellness, or service operators seeking presence in a prime eastside neighborhood.

Key Features

• Total Size: ≈2,000 SF
• Asking Rent: $15,000 / month
• Annualized Rent: ≈$180,000
• Effective Rent per SF: ≈$90/SF annually
• Frontage: Strong First Avenue exposure with branding and signage opportunities
• Configuration: Efficient rectangular layout suitable for retail or F&B concepts
• Building: Mixed-use Midtown East property with strong co-tenancy and residential/office density

Lease & Terms

• Base Rent: $15,000 / month (~$90/SF/YR)
• Term: Negotiable
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; tenant financials required
• Tenant Responsibilities: Utilities, RE taxes, and standard retail obligations

Market Profile

Location Advantage: Situated on First Avenue near the UN, Midtown office towers, and high-rise residential buildings.
Transit Access: Close to Grand Central Terminal (4/5/6, 7, S, Metro-North) and 51st Street station (6, E).
Neighborhood Demand: Strong for food, beverage, boutique retail, and wellness/lifestyle operators serving the growing Midtown East community.
Competitive Advantage: A rare 2,000 SF Midtown East storefront at a competitive rent, offering both visibility and accessibility.

Summary

The 2,000 SF retail space at 889 First Avenue, New York, NY 10022 is offered at $15,000/month (~$90/SF annually). With its Midtown East location, strong frontage, and versatile configuration, this property represents an excellent opportunity for boutique operators or established brands seeking to expand in Manhattan’s eastside market.