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Gramercy Park Retail Space Available
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389 SECOND AVE, New York, NY 10010

Ground-floor retail space with usable basement in Gramercy Park.

Property Size1,000 SF
Days on Market73

Property Features for 389 SECOND AVE

General Information

Standard status Active
Size 1,000 SF
Property subtype Retail

Building Details

Year Built 1910
Listing Agency: Reqce Commercial
Listed By: Sam Hamway · License #10991238307
Source: Crexi
Added: May 21 Changed: Jul 10 Last Checked: Jul 30 at 7:55AM

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 Reqce Commercial

Investment Insights

Based on property information with market context.

This is a 1,000 SF ground-floor retail space with an additional usable basement area, located along the Second Avenue corridor in Gramercy Park. The layout is suitable for various retail, café, restaurant, bar, or service concepts, contingent on tenant buildout, licensing, and use approvals. Previous records indicate approximately 625 SF of basement space in addition to the ground-floor area.

Key Highlights

  • Prime location on the Second Avenue corridor in Gramercy Park
  • Versatile space suitable for retail, café, restaurant, bar, or service concepts
  • Ground‑floor retail space totaling 1,000 SF

Property Analytics

Current Use

Retail space

Suggested Use

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

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

391
Businesses Nearby
17k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 77% Electronics 10% Beauty & Spa 5% Apparel 4%
Shell Shops & Services
10,433 visits/mo 0.4 miles
AT&T Electronics
1,666 visits/mo 0.2 miles
Public Storage Shops & Services
1,619 visits/mo 0.3 miles
Lyfestyle Lounge 631 Shops & Services
910 visits/mo 0.4 miles
Salon Centric Beauty & Spa
849 visits/mo 0.3 miles

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 - Ground-floor retail space with usable basement in Gramercy Park.
Where is this retail space located?
The property is located at 389 SECOND AVE New York, NY.
What are key features of this property?
This property features: Prime location on the Second Avenue corridor in Gramercy Park; Versatile space suitable for retail, café, restaurant, bar, or service concepts; Ground‑floor retail space totaling 1,000 SF
More about this property
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