242-244 East 86th Street — Lease in New York, NY
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: New York, NY 10028
Description
Landlord will consider both vented and non-vented food uses
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).
Contact
- Darrell Rubens · 1212916-3360 · darrell.rubens@nmrk.com
- Darrell Rubens · 1212916-3360 · darrell.rubens@nmrk.com
- Richard Gelber · 1212916-3366 · richard.gelber@nmrk.com
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