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Street-Level Retail Space
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1 Madison Ave, New York, NY 10010

Retail space located at the base of major corporate headquarters, with nearby subway access on 23rd Street.

Property Size4,252 SF
Days on Market65

Property Features for 1 Madison Ave

General Information

Standard status Active
Size 4,252 SF
Property subtype RETAIL
Listing Agency: Newmark - Corporate
Listed By: Ariel Schuster
Source: Moodyscre
Added: May 28 Changed: Jul 26 Last Checked: Jul 31 at 1:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Corporate

Investment Insights

Based on property information with market context.

This retail space is positioned at the base of corporate headquarters for IBM and Franklin Templeton. The offering provides a street-level storefront option in a built-up office environment.

The property is in close proximity to the 23rd Street subway stops for R and W lines (30K+ average weekday riders) and the 23rd Street 6 line (25K+ average weekday riders). Nearby corporate headquarters include Sony, Credit Suisse, Nike NY, and Tiffany & Co.

With approximately 4,252 square feet of space available, this location supports retail uses seeking strong day-to-day visibility from a corporate tenant base and regular transit access.

Key Highlights

  • Retail space at the base of the corporate headquarters for IBM and Franklin Templeton
  • Close to 23rd Street subway stop R, W with 30K+ average weekday riders
  • Close to 23rd Street subway stop 6 with 25K+ average weekday riders

Property Analytics

Current Use

Aimessenger Courier Service GeoMarketing Newspaper & Magazine Dr. Smile-a-lot 2 Dental Office Mason's Bakery Bakery Carell's Cakes Bakery

Suggested Use

Top Pick Buffet Nursing Home Adult Day Care Butcher Auto Parts Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

60,948
Businesses Nearby

Demographics for 10010, NY

33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
Median Home Value

Market

Lease Benchmarks for New York, NY

$89.62 /SF/Yr
Avg Asking Price
$12–$250 /SF/Yr
Price Range
2,906 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space located at the base of major corporate headquarters, with nearby subway access on 23rd Street.
Where is this retail space located?
The property is located at 1 Madison Ave New York, NY.
What are key features of this property?
This property features: Retail space at the base of the corporate headquarters for IBM and Franklin Templeton; Close to 23rd Street subway stop R, W with 30K+ average weekday riders; Close to 23rd Street subway stop 6 with 25K+ average weekday riders
(212) 331-0132 Call to check price and availability
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