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Retail Space With Glass Frontage
For Lease
Contact for pricing

240 Park Ave S, New York, NY 10003

Ground-floor commercial space with broad Park Avenue South exposure, abundant daylight, and a surrounding mix of residences, offices, and dining.

Space Size3,997 SF
Days on Market250

Property Features for 240 Park Ave S

General Information

Standard status Active
Size 3,997 SF
Property subtype RETAIL

Spaces For Lease

at 240 Park Ave S
240 Park Ave S AVAILABLE, Now
Floor 1
Size 3,997 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- High foot traffic location in the heart of the Gramercy–Flatiron corridor, surrounded by residential buildings, creative offices, and destination dining. - Wide glass frontage along Park Avenue South offers excellent branding visibility and natural light. - Steps from Union Square and Madison Square Park, with easy access to the 4/5/6, N/Q /R/W, and L subway lines.
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Listing Agency: Colliers | New York City
Listed By: Jake Horowitz
Source: Moodyscre
Added: Feb 12 Changed: Oct 6 Last Checked: Oct 19 at 8:02AM

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 Colliers | New York City

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Investment Insights

Based on property information with market context.

This 3,997-square-foot retail space offers broad glass exposure along Park Avenue South, bringing daylight into the premises and providing a prominent storefront presence. The property is positioned within a mixed-use setting that includes residential buildings, creative offices, and destination dining establishments.

The space sits near Union Square and Madison Square Park, with access to multiple subway services, including the 4/5/6, N/Q/R/W, and L lines. Its pedestrian-oriented setting and visibility along Park Avenue South support a range of storefront-oriented commercial uses.

Key Highlights

  • 3,997‑square‑foot retail space
  • Broad glass frontage along Park Avenue South
  • Located in the Gramercy–Flatiron corridor

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Nursing Home Auto Repair Shop Auto Parts Store Buffet Adult Day Care 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

33,806
Businesses Nearby

Demographics for 10003, NY

57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for New York, NY

$47.59 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
5,072 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

Frequently Asked Questions

What type of property is this?
Retail space - Ground-floor commercial space with broad Park Avenue South exposure, abundant daylight, and a surrounding mix of residences, offices, and dining.
Where is this retail space located?
The property is located at 240 Park Ave S New York, NY.
What are key features of this property?
This property features: 3,997‑square‑foot retail space; Broad glass frontage along Park Avenue South; Located in the Gramercy–Flatiron corridor
(516) 502-5438 Call to check price and availability
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