For Lease – 242 East 58th Street, New York, NY 10022
Asking Rent: $60,000 / month
Available Space: 3,800 SF
Property Type: Ground-Floor Retail / Showroom
Lease Type: Direct Lease
Location: Midtown East / Design District
Property Overview
This 3,800-square-foot retail space at 242 East 58th Street is available for $60,000 per month. Located in Manhattan’s prestigious Design District, the property is a modern, glass-and-steel building constructed in 2009 .
The 10,000-square-foot six-story structure sits on a lot spanning the block between Second and Third Avenues . The building was designed by architectural firm Edward I. Mills + Associates . It originally served as a showroom for fine outdoor furniture brand DelGreco & Co., which leased the ground, mezzanine, and basement levels . The property was sold for $11.5 million in 2020 .
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Key Features
- Asking Rent: $60,000 / month
- Available Space: 3,800 SF (approximate contiguous block)
- Property Type: Ground-Floor Retail / Showroom / Commercial Space
- Lease Type: Direct Lease
- Building Class: Mixed-Use, 6-Story
- Year Built: 2009
- Design Features: Modern glass and steel architecture
- Layout: Expansive, open floorplan suitable for a variety of retail, showroom, or service concepts
- Condition: Well-maintained; available for tenant fit-out
- Neighborhood: Midtown East, Sutton Place
- Nearby Subways: 4, 5, 6, N, R, W, E, and M trains
- Neighborhood Highlights: Located in the Design District, near the Queensboro Bridge and FDR Drive
Neighborhood Highlights
Midtown East is one of Manhattan’s most dynamic and desirable commercial districts, characterized by a dense concentration of corporate headquarters, luxury residential towers, and high-end retail. The 58th Street corridor is a vital segment of Manhattan’s Design District, a destination for architects, interior designers, and retailers. It is bordered by Second and Third Avenues, both commercial thoroughfares offering exceptional visibility.
The area has a Walk Score of 99 (Walker’s Paradise) and a Transit Score of 100 (Rider’s Paradise). Transportation is exceptional, with the 4, 5, 6, N, R, W, E, and M trains all within easy walking distance . The property is also close to the Queensboro Bridge and FDR Drive .
Summary
The 3,800 SF retail space at 242 East 58th Street, New York, NY 10022, is available for $60,000 per month under a direct lease. With its prime Midtown East location, modern construction, substantial footprint, and history as a showroom in the Design District, this property represents a compelling opportunity for a showroom, flagship retailer, or service provider seeking a prominent and accessible home in one of Manhattan’s most desirable neighborhoods.
