Retail Space on High-Traffic
For Lease
Contact for pricing
397 5th Ave, New York, NY 10016
Retail space positioned on a highly trafficked Fifth Avenue corridor with substantial nearby hotel demand.
Property Size1,653 SF
Days on Market73
Property Features for 397 5th Ave
General Information
Standard status
Active
Size
1,653 SF
Property subtype
RETAIL
Listing Agency:
Newmark - Corporate
(212) 309-2822
Listed By:
Tyler King
Source:
Moodyscre
Added: May 20
Changed: Jul 30
Last Checked: Jul 30 at 10:20PM
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 offers 1,653 square feet of usable area for a tenant looking to serve street-level customers in a dense Midtown environment. The space is located on the Fifth Avenue corridor, which benefits from high foot traffic.
The immediate area includes strong overnight demand, with 4,800 hotel rooms within a quarter mile. That concentration of visitors can support retail concepts that rely on consistent daily customer flow.
397 5th Ave, New York, NY 10016 provides a direct Fifth Avenue address for branding and visibility within a well-traveled commercial corridor.
The immediate area includes strong overnight demand, with 4,800 hotel rooms within a quarter mile. That concentration of visitors can support retail concepts that rely on consistent daily customer flow.
397 5th Ave, New York, NY 10016 provides a direct Fifth Avenue address for branding and visibility within a well-traveled commercial corridor.
Key Highlights
- 1,653 square feet of retail space
- Highly trafficked Fifth Avenue corridor
- 4,800 hotel rooms within 1/4 mile
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
8,369
Businesses Nearby
381k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Groceries 26%
Dining 19%
Home Improvements & Furnishings 17%
Whole Foods Market
Groceries
88,654 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
61,501 visits/mo
0.5 miles
Barnes & Noble
Shops & Services
34,907 visits/mo
0.4 miles
Staples
Office Supplies
19,418 visits/mo
0.2 miles
Bank of America
Shops & Services
13,992 visits/mo
0.4 miles
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space positioned on a highly trafficked Fifth Avenue corridor with substantial nearby hotel demand.
Where is this retail space located?
The property is located at 397 5th Ave New York, NY.
What are key features of this property?
This property features: 1,653 square feet of retail space; Highly trafficked Fifth Avenue corridor; 4,800 hotel rooms within 1/4 mile
