1591 Second Avenue — Lease in New York, NY
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: New York, NY 10028
Description
Prime retail opportunity of 15,750 sf consisting of ground floor and two lower levels of selling space. 20 ft ceilings on the ground floor with 12 ft ceilings in the lower levels.
Market Context
This retail in New York, NY is listed for lease. It has been on the market for 54 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).
Contact
- Jeffrey Roseman · 1212372-2430 · jeffrey.roseman@nmrk.com
- Jeffrey Roseman · 1212372-2430 · jeffrey.roseman@nmrk.com
- Drew Weiss · 1212372-2473 · drew.weiss@nmrk.com
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