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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.

Space Size4,580 SF
Days on Market96

Property Features for 389 SECOND AVE

General Information

Standard status Active
Size 4,580 SF
Class C
Property subtype Retail

Building Details

Building Size 4,580 SF
Year Built 1910
Tenancy Single

Spaces For Lease

at 389 SECOND AVE Contact us

Space 1

Size
4,580 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Reqce Commercial
Listed By: Sam Hamway · License #10991238307
Source: Crexi
Added: May 21 Changed: Aug 12 Last Checked: Aug 24 at 1:19PM

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

38,141
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

$50.31 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
6,524 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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