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Corner Retail Space with Venting
New
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.

Property Size1,200 SF
Days on Market4

Property Features for 540 3rd Ave

General Information

Standard status Active
Size 1,200 SF
Property subtype RETAIL
Lease Type SF/mo

Space & Availability

Divisible Yes
Space Use Retail

Additional Details

Corner Location Yes

Amenities

black-iron venting
gas in place
Listing Agency: Meridian Capital Group
Listed By: Jordan Langer
Source: Moodyscre
Added: Jul 27 Changed: Jul 30 Last Checked: Jul 30 at 4:30PM

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

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 Locksmith Parking Lot & Garage

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

74,499
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

$89.62 /SF/Yr
Avg Asking Price
$12–$250 /SF/Yr
Price Range
2,906 SF
Avg Space Size

This space is priced 101% above the average of $89.62 /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
Rey
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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 Call to check price and availability
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