254 West 87th Street — Lease in New York, NY
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: New York, NY 10014
- Size: 2,275 SF
Description
Rare Ground Floor opportunity in the heart of the Upper West Side
Market Context
This retail in New York, NY is listed for lease across 2,275 SF. 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
- Caleb Petersen · 1212351-9347 · caleb.petersen@nmrk.com
- Caleb Petersen · 1212351-9347 · caleb.petersen@nmrk.com
- Adam Weinblatt · 1212372-2103 · adam.weinblatt@nmrk.com
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