Building Details

Building Size 12,381 SF

Listing Agency: Cushman & Wakefield | Midtown Manhattan Show Phone

Listed By: Alan Schmerzler Show Phone

Source: Cushmanwakefield

Added: May 21 Changed: Aug 21 Last Checked: Aug 20 at 5:09AM

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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 Cushman & Wakefield | Midtown Manhattan

Investment Insights

Based on property information with market context.

Located at 700 Eighth Avenue in New York, this commercial real estate offers retail spaces for rent. The property is suitable for various retail businesses.

Key Highlights

• Retail space for rent
• Located at 700 Eighth Avenue
• Located in New York

Property Analytics

Property Profile

Current Use

Walgreens Pharmacy Pharmacy Duane Reade Grocery & Convenience Store Duane Reade Pharmacy Pharmacy CareCube Medical Clinic NYC Humanitarian Relief ... Social Service Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care Clothing & Fashion Store Buffet Butcher

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

$9.30 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

65,737

Businesses Nearby

Explore this area Business Placement

Demographics for 10011, NY

53,318

Population

35,049

Households

1.5

Avg Household Size

39

Median Age

79%

College-Educated

96%

High-School Grad

0.6 sq mi

ZIP Area

88,863

Density / Sq Mi

$146,571

Median Household Income

$113,503

Median Earnings

$2,868

Median Rent

$1,165,800

Median Home Value

Market

Lease Benchmarks for New York, NY

$67.8 /SF/Yr

Avg Asking Price

$12–$250 /SF/Yr

Price Range

6,051 SF

Avg Space Size

This space is priced 9% below the average of $67.8 /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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail properties & spaces located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail property - Retail space for rent at 700 Eighth Avenue, New York.

Where is this retail property located?

The property is located at 700 Eighth Avenue #C New York, NY.

What is the lease rate?

The lease rate is $62 SF/Yr.

What are key features of this property?

This property features: Retail space for rent; Located at 700 Eighth Avenue; Located in New York