1520 First Avenue — Lease in New York, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: New York, NY 10075

Description

1520 FIRST AVENUE REPRESENTS A PRIME OPPORTUNITY FOR RETAIL SPACE ON THE CORNER OF FIRST AVENUE AND EAST 79TH STREET. THIS GROUND UP, NEW DEVELOPMENT CLASS A OFFICE BUILDING OFFERS NEARLY 24,000 SF OF DIVISIBLE RETAIL IN A HIGHLY DENSE AND AFFLUENT MARKET.

Market Context

This retail in New York, NY is listed for lease. It has been on the market for 53 days. Compare it against other retail listings for lease in New York, NY — view the full market.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

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