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    277 Park Ave, New York, NY 10172 New York, NY 10172

    Sponsored
    For Lease
    Contact for pricing

    Prime NYC Retail: Immediate Availability

    Lot size:
    9,790 SF

    Description

    Added:
    Jan 7, 2025
    Days on Market:
    365
    This exceptional retail opportunity presents 3,390 to 9,790 square feet of immediately available space at 277 Park Avenue, New York, NY 10172. Located in the prestigious Plaza District between 47th and 48th Streets, this in-line space boasts prominent frontage on Park and Lexington Avenues. The space is fully built-out and ready for occupancy, benefiting from recent building upgrades including brand-new retail facades. This landmark 51-story building, designed by Emery Roth & Sons and remastered by Bohlin Cywinski Jackson with over $100 million in capital improvements, houses major tenants such as JPMorgan Chase & Co., Sumitomo Mitsui Banking Corp, Visa, and the Agricultural Bank of China. The property's strategic location offers unparalleled access to a high-density daytime population, proximity to Grand Central Terminal and Rockefeller Center, and excellent transportation via bus lines and subway access. This location provides a unique opportunity to establish a presence amongst some of the world's most successful organizations. The building also offers amenities such as a security system and is conveniently located near restaurants and fitness centers. This is a non-restaurant space.

    Property Features for 277 Park Ave, New York, NY 10172

    General Information

    Property type
    Retail residential properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,790 SF
    Elevators
    N/A

    Building Details

    Year Built/Renovated
    1964/2022

    HighLights

    • 9,790 sq ft of immediately available retail space in a landmark building.
    • Prominent Park & Lexington Avenue frontage with updated retail facades.
    • High‑density location near Grand Central, Rockefeller Center, and major corporations.
    Location Intelligence

    Current Use by Public Records

    Retail residential properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    State
    New York
    Longitude
    -73.987147
    Latitude
    40.702781

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    FAQs

    What type of property is this?
    Retail residential property - Prime NYC Retail: Immediate Availability
    Where is this retail residential property located?
    The property is located at 277 Park Ave, New York, NY 10172 New York, NY.
    What are key features of this property?
    This property features: 9,790 sq ft of immediately available retail space in a landmark building.; Prominent Park & Lexington Avenue frontage with updated retail facades.; High-density location near Grand Central, Rockefeller Center, and major corporations.
    (212) 318-9707
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    277 Park Ave, New York, NY 10172 New York, NY 10172
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    277 Park Ave, New York, NY 10172 New York, NY 10172
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