620 Avenue of the Americas — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New York, NY 10011

Description

HIGHLY VISIBLE CORNERS ON LADIES' MILE PREMISES Ground floor A - 7,490 SF (DIVISIBLE) Ground floor B - 11,503 SF CEILING HEIGHT Ground floor - 23 FT POSSESSION - Q2 2021 FRONTAGE - 189.4 FT wraparound (Ground A) 271.5 FT wraparound (Ground B) ICONIC, HIGH-EXPOSURE CORNER SPACES AVAILABLE FOR THE FIRST TIME IN 30 YEARS UPGRADED FACADES WITH DOUBLE-HEIGHT GLASS STOREFRONT PREMIUM SIGNAGE POTENTIAL FOR MAXIMUM BRAND VISIBILITY

Market Context

This retail in New York, NY is listed for sale. It has been on the market for 196 days. Compare it against other retail listings for sale 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).

Estimated Market Rate

$730.53/SF – $988.37/SF

Mid: $859.45/SF

Rate estimator only; cost-of-business estimate unavailable.

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