Property Analysis – 1601–1641 3rd Avenue

Upper East Side (Yorkville), Manhattan

Asking Rent: $17,000/month

Property Type: Retail
Size: 2,713 ft²

Location Overview – Upper East Side (Yorkville)

1601–1641 3rd Avenue is positioned along a busy neighborhood retail corridor in Yorkville.

Key advantages:
• Dense residential population (families + professionals)
• Strong daily foot traffic from locals
• Access to Q train (Second Avenue) + 4/5/6 lines
• Stable neighborhood retail demand
• Established mix of restaurants, services, and national tenants

This is a stable, residential-driven retail location with consistent demand.

Investment / Leasing Analysis

Strengths

• Large footprint (2,713 ft²) at a low cost per foot
• Strong value compared to Manhattan averages
• Reliable neighborhood customer base
• Ideal for service retail, medical, grocery, fitness, or food
• Good long-term lease stability

Risks

• Not a prime luxury or tourist corridor
• Lower rent growth ceiling vs SoHo / Flatiron / Midtown
• Business performance depends on local residents
• Buildout costs may be significant

Positioning Insight

Best for:
• Service-oriented businesses
• Long-term stable operators
• Value-focused tenants

Not ideal for:
• Luxury retail brands
• Tourist-dependent businesses
• High-visibility flagship concepts