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Corner Retail Space with Venting
For Lease
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540 3rd Ave, New York, NY 10016

Corner retail space with black-iron venting and gas in place, available for separate or combined leasing options.

Space Size1,200 SF
Days on Market97

Property Features for 540 3rd Ave

General Information

Standard status Active
Size 1,200 SF
Property subtype RETAIL

Space & Availability

Divisible Yes
Space Use Retail

Site & Location

Neighborhood Midtown Manhattan
Corner Location Yes

Amenities

black-iron venting
gas in place

Spaces For Lease

at 540 3rd Ave
540 3rd Ave $18,000/Mo
Floor 1
Size 1,200 SF
Type RETAIL
Availability AVAILABLE, Now
Sublease No
- Retail or restaurant spaces available at the base of a brand-new 150-unit luxury building - Highly visible corner with wraparound frontage and excellent signage potential - Black-iron venting and gas in place - Prime corridor surrounded by residential buildings, restaurants, and retail - Spaces can be leased together or separately
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Listing Agency: Meridian Capital Group
Listed By: James Famularo
Source: Moodyscre
Added: Jul 27 Changed: Oct 26 Last Checked: Oct 30 at 6:03PM

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 Meridian Capital Group

Rey
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Investment Insights

Based on property information with market context.

Retail or restaurant spaces are available at the base of a brand-new 150-unit luxury building at 540 3rd Ave, New York, NY 10016. The offering features a highly visible corner position with wraparound frontage, helping maximize street-level presence.

Inside, black-iron venting and gas are in place. The spaces can be leased together or separately, creating flexibility for different retail or restaurant concepts. This location sits within a corridor surrounded by residential buildings, restaurants, and retail, supporting day-to-day neighborhood foot traffic.

The available space measures 1,200 SF.

Key Highlights

  • 1,200 SF retail or restaurant space at the base of a brand‑new 150‑unit building
  • Highly visible corner with wraparound frontage
  • Black‑iron venting and gas in place

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Buffet Parking Lot & Garage Plumbing 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
$27.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

59,430
Businesses Nearby

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

$47.59 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
5,130 SF
Avg Space Size

This space is priced 278% above the average of $47.59 /SF/Yr.

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 - Corner retail space with black-iron venting and gas in place, available for separate or combined leasing options.
Where is this retail space located?
The property is located at 540 3rd Ave New York, NY.
What is the lease rate?
The lease rate is $18,000/Mo.
What are key features of this property?
This property features: 1,200 SF retail or restaurant space at the base of a brand‑new 150‑unit building; Highly visible corner with wraparound frontage; Black‑iron venting and gas in place
(212) 468-5960 · Office Call to check price and availability
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