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Retail Space at Corporate Headquarters
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1 Madison Ave, New York, NY 10010

Retail space located at the base of IBM and Franklin Templeton corporate headquarters.

Property Size6,703 SF
Days on Market65

Property Features for 1 Madison Ave

General Information

Standard status Active
Size 6,703 SF
Property subtype RETAIL
Listing Agency: Newmark - Corporate
Listed By: Ariel Schuster
Source: Moodyscre
Added: May 28 Changed: Jul 28 Last Checked: Jul 31 at 12:26PM

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 located at the base of the corporate headquarters for IBM and Franklin Templeton, offering a strong in-building setting for street-facing retail users. The property is positioned within a nearby cluster of corporate offices, with other headquarters in the surrounding area including Sony, Credit Suisse, Nike NY, and Tiffany & Co.

Convenient transit access is a key benefit. The 23rd Street subway stop serving lines R and W is listed at 30K+ average weekday riders, and the 23rd Street subway stop serving line 6 is listed at 25K+ average weekday riders.

For retailers seeking direct placement in a high-profile corporate environment with easy subway proximity, this location provides an established platform for day-to-day customer access.

Key Highlights

  • Retail space at the base of the IBM and Franklin Templeton corporate headquarters
  • Close to the 23rd Street subway stop R and W (30K+ average weekday riders)
  • Close to the 23rd Street subway stop 6 (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 IBM and Franklin Templeton corporate headquarters.
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 IBM and Franklin Templeton corporate headquarters; Close to the 23rd Street subway stop R and W (30K+ average weekday riders); Close to the 23rd Street subway stop 6 (25K+ average weekday riders)
(212) 331-0132 Call to check price and availability
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