Retail Space With
For Lease
Contact for pricing
531 3rd Avenue, New York, NY 10016
Ground-floor positioning along Third Avenue includes basement space in a high-foot-traffic retail corridor.
Space Size550 SF
Days on Market133
Property Features for 531 3rd Avenue
General Information
Standard status
Active
Size
550 SF
Class
B
Property subtype
Retail
Lease Type
Modified Gross
Building Details
Tenancy
Multiple
Spaces For Lease
at 531 3rd Avenue Contact us- Size
- 550 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
531 Third Avenue
Listed By:
Dylan Solemanyan · License #10401354122
Source:
Crexi
Added: Apr 27
Changed: Sep 4
Last Checked: Sep 5 at 12:36AM
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 Dylan Solemanyan
Investment Insights
Based on property information with market context.
This retail offering occupies a ground-floor commercial space with an additional 460 SF basement. The configuration provides a customer-facing area at street level along with lower-level space that can support the premises’ retail, service, or business functions.
Located at 531 Third Avenue in New York, NY 10016, the property is in Murray Hill and sits within a high-foot-traffic corridor. The space is suited to boutique retail, coffee, beauty, and service-based businesses, subject to the applicable requirements for each use.
Located at 531 Third Avenue in New York, NY 10016, the property is in Murray Hill and sits within a high-foot-traffic corridor. The space is suited to boutique retail, coffee, beauty, and service-based businesses, subject to the applicable requirements for each use.
Key Highlights
- Ground‑floor retail space with an additional 460 SF basement
- Located at 531 Third Avenue, New York, NY 10016
- Situated in Murray Hill
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
5,816
Businesses Nearby
454k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 34%
Shops & Services 24%
Groceries 22%
Dining 16%
Whole Foods Market
Groceries
88,654 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
70,488 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
61,501 visits/mo
0.2 miles
McDonald's
Dining
32,520 visits/mo
0.5 miles
Dollar Tree
Shops & Services
30,894 visits/mo
0.3 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
$51.93 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
6,191 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 - Ground-floor positioning along Third Avenue includes basement space in a high-foot-traffic retail corridor.
Where is this retail space located?
The property is located at 531 3rd Avenue New York, NY.
What is the lease rate?
The lease rate is $48,000.
What are key features of this property?
This property features: Ground‑floor retail space with an additional 460 SF basement; Located at 531 Third Avenue, New York, NY 10016; Situated in Murray Hill
