1078 Third Avenue — Sale in New York, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: New York, NY 10065
Description
Premises: Ground Floor: 2,478 SF Possession: Immediate Ceiling Height: 15' Frontage: 100'+ of Wraparound Second Floor: 6,350 SF Possession: Immediate Ceiling Height: 18' Frontage: 250'+ of Wraparound *Multiple division and uses considered*
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.
Contact
- Jordan Kaplan · 212 984 6576 · jordan.kaplan@cbre.com
- Eric Gelber · 212 984 7127 · eric.gelber@cbre.com
- Jessica Tauber · 212 984 8279 · jessica.tauber@cbre.com
- Kyle Gelber · 212 984 6513 · kyle.gelber@cbre.com
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