Murray Hill Retail Space
For Lease
Contact for pricing
undisclosed, New York, NY 10016
Retail space in Murray Hill with basement. Negotiable terms.
Space Size1,000 SF
Days on Market994
Property Features for undisclosed
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Retail
Lease Type
Gross
Building Details
Tenancy
Single
Spaces For Lease
at undisclosed Contact us- Size
- 1,000 SF
- Availability
- Active
Available Space
Listing Agency:
Red Sparrow Realty group
Listed By:
Russell Dinstein · License #NY
(212) 655-7526
Source:
Crexi
Added: Dec 22, 2023
Changed: Sep 5
Last Checked: Sep 11 at 5:10AM
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 Red Sparrow Realty group
Investment Insights
Based on property information with market context.
This retail space is located on Third Avenue in Murray Hill. The space offers approximately 540 square feet, complemented by an additional 460 square foot basement. The lease terms are negotiable, and the space is available for immediate occupancy. The monthly rent is $5,000, which translates to $60 per square foot. Rent escalations are set at 5% for the first two years, followed by 3% increases. The space is offered in as-is condition.
Key Highlights
- Prime Murray Hill location on Third Avenue.
- Immediate possession available.
- Approximately 540 SF of retail space plus a 460 SF basement.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$7.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
46,936
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for New York, NY
$47.71 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
4,953 SF
Avg Space Size
This space is priced 1% above the average of $47.71 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in Murray Hill with basement. Negotiable terms.
Where is this retail space located?
The property is located at undisclosed New York, NY.
What is the lease rate?
The lease rate is $48 SF/Yr.
What are key features of this property?
This property features: Prime Murray Hill location on Third Avenue.; Immediate possession available.; Approximately 540 SF of retail space plus a 460 SF basement.
