275 Madison Avenue — Lease in New York, NY
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: New York, NY 10016
- Size: 2,786 SF
Description
Built retail space at the corner of Madison Avenue and 40th Street. 2,786 sf on the Ground Floor with a selling Lower Level of 2,950 sf. Includes a 1,010 sf mezzanine.
Market Context
This retail in New York, NY is listed for lease across 2,786 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
- 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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